Are there conditions such that any work of art (of that kind) that meets them will be a good one, and any work of art that does not meet them is not a good one? Why or why not? If you think there are such conditions, what do you think they are? Why? Are the conditions different for each of the different kinds of art forms, or are there some criteria common to all good works of art, no matter what kind of art they are?
Isn’t all art and beauty in the eye of the beholder? If I think Magritte, Dix, Van Gogh, Monet, and Raphael are great and Harring, Pollock, and Warhol are totally over-rated, how is my opinion worth any less than someone who has taken lots of art appreciating and art history classes?
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Who gets to determine what is great and important art and what isn’t?
An artist’s background is important and definitely impacts on
the value of their artworks. Most of us understand that an
artwork by an established or accomplished artist is worth more
than that of an lesser known artist. An investment quality
contemporary artwork is usually made by an artist who has
specific art education, who has successfully exhibited his or
her works and has some gallery placements. Like all material
investments, artworks represent both intrinsic value and
expected return. For art collectors and investors, knowledge of
the artist’s educational background and exhibition history gives
clues about the success and future success of an artist. To be a
successful art investor doesn’t require an extensive knowledge
or a great eye for art but it will help you to understand in
your choices if you are aware of some indicators of an
advantageous investment artist.
In term of education, mastering art technical skills and
knowledge is currently a desirable educational stepping stone
for successful artists. Many aspiring artists acquire an MFA
(Master of Fine Arts) degree. In earning an advanced degree,
students make artwork under the tutelage of working artists who
teach both skills and ideas. Formal education in art exposes
aspiring artists to peer criticisms and guidance, helps them
build connections and relationships that assist them to have
their work exhibited as well as having other advantages both for
the practical act of making art and in having the skills and
forming the relationships to promote that art.
Artists build their careers over time. For any artist to become
successful it is necessary to promote their artwork and this is
generally done through exhibits. An artist who may be a worthy
investment has a mixture of solo or two artist exhibitions
roughly every two years in notable galleries. Most favourable
artists will also have their art hung in museum exhibitions. A
placement of an artwork with a museum is considered a
significant achievement. In most cases, particularly with
emerging artists – if their education and exhibition history
indications are favourable and the artwork is aesthetically
pleasing to you, then it is a good investment. Depending on what
stage of their career an artist is currently. It may also be
informative to look at the auction results of their artworks to
see if the value of their artwork is steadily increasing. As a
tangible investment, artworks represent both intrinsic value and
expected return. As a final rule remember to buy only what you
love as every art investment is always going to be partly
ornamental and partly investment.
Please accept my invitation to visit
http://www.smartartinvestments.com.au to view some fine
Australian investment art and learn more about the art of
investment.