The art market has outperformed the stock market over the past decade. Art is a good investment because it provides aesthetic pleasure and can retain or increase in value over time. Prices are currently low, making it a good time to purchase art both to enjoy and potentially profit from in the future if the price appreciates or the piece is sold.
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1.
2. The art market has out-performed the stock market
in the past decade
People still have money and want unique items
Art is a great investment because it gives pleasure
every time you look at it. The same cannot be said
for share certificates or savings plans
Prices are low right now and even if you don't like
the art, it can be sold in a few years' time for profit
4. £6,000
£5,000
£4,000
Kate Marshall
£3,000
Kim O'Neil
£2,000 Andy Owen
Ulrika Andersson
£1,000
£-
Purchase Valuation 2 Valuation 3 Current
Value Value June
2008
Kate Marshall Kim O’Neil Andy Owen Ulrika Andersson
280% value increase 282% value increase 127% value increase
79% value increase
5. Plan your Pricing
Clearly Label and Indentify All Work
Be Contactable
BE PROFFESSIONAL
6. It is essential to know the value of your work
1)
Always be able to justify the price you set
2)
Be prepared for people to bargain with you
3)
Know how much of a discount you are willing to
4)
give
7. To begin to determine a price for your
work consider the following:
1) The time it took you to formulate the
concept
2) The cost of materials
3) The time taken to create the piece
8. Plan Ahead
Exhibit
Have an Online Presence
Marketing Material – Flyers, Business
Cards, Price Tags/ Lists, CV and
Statement (www.outofhand.co.uk)
Know your Prices
Know your Products
Join Up
13. Anti Copying in Design (ACID),
www.acid.uk.com
Design and Artists Copyright Society
(DACS), www.dacs.org.uk
UK Government Patent Office,
www.patent.gov.uk
The Complete World Copyright Website,
www.compilerpress.atfreeweb.com