Buying Art as an Investment
Posted earlier on my main blog, but I thought some people here might be interested too.
Saw an article tonight, via Metafilter, on the Six Myths of the Art Market. All six are essentially variations of the same thing: it is incredibly foolish to buy art as an investment. You're just asking to lose money. Seems like the subtext could easily be interpreted as don't buy art -- troubling words, to say the least, for someone like me who makes and sells art!
Seeing as I currently have a number of works available for sale, allow me to set the record straight on my own views:
I want you to buy my art. I'm happy to sell you my art. And I would love to sell enough art to make a living from just selling my art. But please don't buy my art because you think of it as an "investment." That's not what art is for. That's not why I created it. If you're going to buy my art (and I really would like you to), please do it because you really like the art.
If you only buy art that you like, you'll never end up with art that has no value.
Saw an article tonight, via Metafilter, on the Six Myths of the Art Market. All six are essentially variations of the same thing: it is incredibly foolish to buy art as an investment. You're just asking to lose money. Seems like the subtext could easily be interpreted as don't buy art -- troubling words, to say the least, for someone like me who makes and sells art!
Seeing as I currently have a number of works available for sale, allow me to set the record straight on my own views:
I want you to buy my art. I'm happy to sell you my art. And I would love to sell enough art to make a living from just selling my art. But please don't buy my art because you think of it as an "investment." That's not what art is for. That's not why I created it. If you're going to buy my art (and I really would like you to), please do it because you really like the art.
If you only buy art that you like, you'll never end up with art that has no value.