When using art both indoors and outdoors, it can completely change the look and feel of a living space. Almost all homeowners these days will have at least one piece of art, yet some will choose to spend more on these decorative pieces than others. It is actually becoming increasingly common for people to invest in pieces of art and it is frequently considered to be one of the best long term investments that you can make.
Should you be interested in purchasing some new garden wall art to brighten up your outdoor space and you’re wondering whether it is worthwhile spending a little bit more on an investment piece, more often than not as long as you purchase the right piece of art, you can expect to make money back on this purchase. For anyone who is new to investing in art, below are some basic tips to take into consideration when you’re wanting to purchase a piece of large outdoor wall art for your home.
Select the artist wisely
As you may expect, some pieces of art will be worth much more than others, not only now but also in the future too. Similarly to investments like stocks and bonds, art can increase and decrease in value over time and, for this reason, it is important to ensure that you’re purchasing the right piece of art from the right artist. However, it can be difficult to determine the true value of a piece of art, so purchasing an investment piece can sometimes be quite risky.
More often than not, when investing in art, people will either; purchase a piece from an up and coming artist in hope that they will go on to have a successful career and the art will become more valuable, or they will purchase a piece from a well-known artist with a good reputation with the hope that the art will continue to increase in value over time. Often, your budget and your knowledge of the art world will determine which way you choose to invest in art.
Opt for an original or a limited edition print
If you choose to purchase a piece of art from a famous artist, it is essential that you know what type of piece you’re investing in. You will usually have three options to choose from; an original piece, a print/copy or a reproduction. As you may expect, an original is the most expensive piece you can buy and a reproduction is the most affordable, however, originals are more likely to make money whereas it is unlikely that you will make much profit from a reproduction.
Lots of people will look for a print/copy when they’re purchasing a well-known piece as this is often less expensive but you still have the opportunity to make a decent amount of money back on the art. Generally speaking, rarer prints are always more valuable and if you’re going to purchase art, try to find a limited edition print/copy as this will likely increase the amount you make on this investment because there aren’t as many prints/copies available.
For example, purchasing a limited edition Banksy piece of art, like ‘Heart Boy’, that comes with a Certificate of Authenticity can be a brilliant investment. Many experts say that Banksy prints and limited editions are actually the most lucrative investments on the market. So, if you can get your hands on a Banksy, this is often a good purchase to make.
Ensure the art is suitable for outdoor use
It goes without saying really that when you’re purchasing a piece of garden wall art, it is important to ensure that it can safely be kept outdoors and that this won’t damage the piece. Ideally, you should always find art that is UV resistant, waterproof, wind resistant, fade proof and long-lasting in all weathers. Essentially, you need to ensure that the art won’t be damaged by keeping it outdoors and that you will still be able to make money on it.
Choose a piece you like
When you plan on using the art in your own outdoor space first and foremost, you will need to ensure that it works in your garden. Often, you can expect to hold onto an investment piece for a decade before selling it, so if you’re going to display it all this time, you should purchase a piece that you like the look of too. So, think about where you’d like to put the garden wall art, whether this is on a fence or a wall, and what sort of design would best compliment your home.
Investing in large outdoor wall art
When you’re interested in purchasing art for your outdoor space that will also be a good investment, hopefully, the information above will be beneficial. Thankfully, you don’t have to be an expert to invest in good pieces of garden wall art and a little bit of research can go a long way when it comes to investing in art. Of course, having a good eye for art always helps, as does the willingness to take a risk, but investing in art can not only brighten up your outdoor space, it can also be incredibly rewarding too.
Should you be searching for somewhere to purchase large outdoor wall art from, be sure to visit the Yard Art website. We supply a diverse range of art created by incredible artists, some more well-known than others, that will look amazing in your garden. All of our pieces, even our Banksy limited editions, are specifically designed for outdoor spaces and are printed with UV protected weatherproof colour fast inks and applied to a high-quality outdoor grade 5mm acrylic. So, you will never have to worry about the durability of the garden wall art you purchase from us. To explore the art we currently have available, be sure to visit our website today.