Buying art for art’s sake
As the black cloud of the financial crisis continues to cast its deathly shadow over the property market and retail sector, there is one area that can still offer a sound investment - art! Even in this time of fiscal insecurity, the sector has continued to show that it can remain buoyant and one only needs to look at last September’s auction of Damien Hirst works, which fetched a record breaking £111 million, for proof.Realistically, the vast majority of us do not have the budget of high-end investors to blow on a £2 million Hirst. However, art can still be a wise and sensible addition to your portfolio, whatever your budget. But what should you look for when buying art, and what are the pitfalls to avoid? With my art knowledge stretching to knowing a Jack Vettriano when I see one, I decided to speak to art consultant and exhibitions curator Micky Middleton, of the Red Gallery, to get some expert advice.
Written By Kate Sole © Limited Edition Magazine January 2009
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This entry was posted on December 18th, 2008 and is filed under The Red Gallery.