The Changing Art Market

The art market has gone through some changes of late. The artists who always commanded a high price have since cooled. I wish I could put my finger on the exact reason why but I can't. Maybe people are waking up and seeing that some of the art thought to be a worthy investment just isn't. I guess if we all knew the answer to that we would all be wealthy!

The market is beginning to see a new era of interest in who and what. Though we all want beautiful art adorning our walls, most of us can't afford it. So what is the answer? Are the old masters still in demand? The answer is a resounding yes! The market has changed directions a little but the masters still command an unreal price. But who can afford them? With its' changes comes a new group of artists.

What should art collectors look for? I always look for what is appealing to me, whether I understand it or not, each piece has it's own personality. I try to find that trait in the work. The prices one should pay for a nice piece is strictly up to each collector. With prices being down right now it is a buyers market. Remember that when you are looking at investing in a piece of art make sure is means something to you, or, that you can live with your decision before you shell out for it.

The galleries are the price hikers here. Most of the time artists are glad to sell art, for any price! Just think, all artists at one time were unknown, even Rembrandt. The masters struggled just as hard then as they do today. How much value is placed on talent? If you see a piece of art that appeals to you, buy it! If you just like a piece, BUY IT! Unless you have a bottomless pocketbook chances are you won't be able to buy art from a master anyway.

I've noticed of late the auctions selling art on TV are ridiculous. Would you really think you can buy a signed Picasso for $350! I stay away because I listen to them describe them. Most can't even pronounce the name of the artist. Very few have research on what they are selling yet that does not seem to matter. They can make a good feeling turn sour real quick. These are the places you should be very, very aware of!

In conclusion, buy what you can afford. If you can afford a work of art from a master, buy it and pass it on down through your family. If you are like me, buy the art because of how it makes you feel. After all, isn't that what an artist does?