Archive for July, 2013

The benefits of getting a loan to finance your next fine art purchase

Sunday, July 14th, 2013

Thinking of fun investment, consider fine art. Art is a long term investment, the art market is fickle but with the little legwork you can fill your lovely home with investments down the line. With the speed of lightning that painting you bought to match your sofa and house surroundings may increase enormously in worth.

loan to financeEver walked to a gallery and fell in love with a ten thousand dollar painting that you just can’t justify the price tag or the price is just way too much. As with any investment you need to do your research and go beyond your comfort zone, after all nothing good comes easy. To finance the purchase of your next fine art getting a loan has more benefits than ever. The rarity of any piece art is what actually gives its value, an original will always be worth investing in and even taking a loan for the piece will not pinch. It’s always worth checking your credit score before you attempt to get a loan though.

Most people who purchase fine art do not have an intention of selling them later on and that fact skews the pricing samples for art. Most paintings are actuation because the owner of the art thinks the piece will attract a handsome price. One of the greatest benefits of getting a loan to purchase your fine art is selling the piece as an investment and as we all know art always appreciates. The art market is always stable and shows gigantic returns during boom times.

You may have heard most gallery owner and fine art purchasers telling you that buying art is an emotional decision and that one has to fall in love with the piece of art, but do not fall for that line if you are thinking of it as an investment. Look for quality and do not buy for anything in bad condition, because cheap is expensive. So when you are ready to hit the galleries and invest in the future of fine art, go with your eyes wide open.