About – Evaluating Art for Investment
Evaluating art for investment purposes can be a daunting task. It is advised that those wishing to participate in the investment art market consult an art industry professional prior to making any serious purchasing decisions. Much like real estate, where brokers and agents study the market to identify the right homes for their buyers needs, art consultants and brokers are seasoned in finding the right opportunities for those wishing to invest in art.
Art industry professionals look at the global market to identify which countries are experiencing art booms and can recommend territories that offer growth potential. They have insight into which regions are experiencing a burst in the local art market and can recommend works that are being offered at discount prices.
Art industry professionals also know how to evaluate emerging artists for investment purposes. They look at factors such as an artist’s experience, past exhibits, awards, publications, and techniques to estimate the potential of the artist.
Professionals evaluate art for investment by looking at historic sales, staying current on auction results, visiting global art fairs, and analyzing the market on both a macro and a macro level.
The Board of Investment Art has a dedicated group of art brokers that can help evaluate art for investment purposes. To get in contact with an art broker please call 312.436.0071 or e-mail us at broker@boardofinvestmentart.com.
