Affordable Art...What's that?
What is affordable Art? It depends on what you can afford to pay for the art I suppose.
The term seems to have become popular following the success of the Affordable Art Fairs, which are held twice a year in London and now in numerous other countries including the USA and Australia.
Their definition of Affordable Art for inclusion in the Affordable Art fairs, is Art that is for sale at under £3,000.
Of course around half of that money is taken by the Art Gallery and justifiably so as they must spend £1,000s to rent a stand at the Affordable art fair.
It seems to me that best way to buy real affordable art is to try and buy it directly from the Artist who made it.
Then it becomes truly affordable as you buy the Art for half the usual Gallery Sale price.
There is much discussion these days about the dreaded credit crunch and what is safe to invest in.
I've read articles saying that gold is a safe investment and has seen strong gains in the last two years.
I've also read that art is a good investment and will hold it's value and should increase in value.
These statements or claims are mostly made by Art Gallerists and right they are to say so.
But if you buy affordable art from most galleries and try to sell them back the work a year later it is very unlikely that you'll get your money back.
Keep in mind I'm talking about so called Affordable art for sale.
To buy art that is really Affordable it's best to buy it from the Artist directly when you can. You've the already saved 50% of the artworks cost if you bought from a Gallery and 50% saved is 50% earned.
And their is a much better chance that it will turn out to be a sensible art investment.
However, don't just buy any old art because you think it's affordable.
Do some reseach. Google or Yahoo the artist to see if they have an Internet presence. Find out what their work normally sell for in Galleries. And haggle or make an offer about the price. There are some great affordable art bargains out there if you just do your homework.
www. ArtNova.co.uk is run by artists for artists...so is
www.artrent.co.uk
www.JamesThorn .com