Investing in a New Painting can be Challenging but Also Interesting and Exciting

[michelkenn]

Are you confounded by the prospect of investing in a high value new painting in Mumbai wherein you want to use a part of your disposable income in an asset class rather than blow it up on leisure? Rest assured that you’re in a good space and are moving in the right direction. The perplexity of investing in an aspirational asset class about which you are not sure can be a little challenging but the fact that you have considered it is a good sign.

Just like the psychedelic rock of Pink Floyd can be a little hard on the ears of those who are used to the soulful melody of country music, modern art can also have the same effect on new buyers.

That’s because it boils down to perceptions when choosing the right painting. You would have heard of the multi-million dollar deals that people have made with their paintings in one or another art exhibition in Mumbai.

Of course, it’s tempting to think that they have been fortunate to have bought the paintings at a time when it required a much smaller investment, which is true in a certain way.

Relying on pure good fortune for your investment in paintings is not a smart way to go about the business because there’s a certain “method to the madness” so to say.

Making an informed choice is the way to go

In principle, that’s how all investments should be made and paintings are no exception to this rule and to begin with, a lot depends on the investible amount you have at hand.

If you're new to investing in art, it is advisable to start on the lower side by identifying new painting in Mumbai that won 't burn a hole in your pocket.

The point to consider here is how you will decide which painting to invest in because there are scores of options to choose from.

Since you have a capped budget, you must look for paintings by emerging artists whose work holds out a promise of appreciation in the years ahead. This is not too different from investing in emerging stocks that hold out a promise of good appreciation.

Choosing the right artist is the key to good investment

If you are looking for top quality new painting in Mumbai that holds out the promise of good appreciation in the times ahead, look for artists whose work has been exhibited in one of the city's top galleries.

It’s not easy for an emerging artist to reach the stage when s/he can exhibit his/her work in a leading gallery. You could say that such an artist has just about arrived on the established artist’s circuit.

In this transitional phase of an artist's growth curve, his/her work would still be affordable while holding out a lot of promise.

This is precisely the kind of artist whose work is going to be admired increasingly in the months and years ahead. Such paintings are clearly an asset class worth acquiring at this stage of valuation. Of course, you should do your homework on the basics of new painting in Mumbai and use the knowledge to identify the genre of painting you want to invest in.