An Oil Painting Can Be A Beautiful Investment
Not all ultra rich people are good at investment but many are, and many regard an oil painting as an excellent investment. Art auctions are attended by many moguls and many others are at the end of a telephone when famous masterpieces are for sale. The example of the well heeled seems reason enough for thinking about why so many of them turn to art as an investment avenue.
Major works by Rubens and Renoir are mostly owned by state museums, but private investors do buy famous works on auction, often paying millions of dollars for distinctive and famous pictures. Some works by Van Gogh and Picasso are in the hands of private investors and their worth increases by the day, independently of other economic cycles that are affected by variables such as weather and political affairs.
In 2006 a work by Jackson Pollock, painted in 1948, was sold for $156.8 million. The price, when compared with the cost of materials used in the work is quite a dramatic illustration of why artists are actually among the highest earning professionals. They or their heirs are usually higher earners than the accountants, business people or investors who buy their works. The pecuniary worth of their work rests in rarity, originality and reputation. The real worth may have been best expressed by John Keates who pointed out that beauty and truth are synonymous.
When the son of a scientist once professed an interest in being an artist he was discouraged on the grounds that art was, in the opinion of the father, for ‘no-brainers’. This anecdote illustrates a common social attitude towards artists, but also something important about artists
The son in question gave up art and became a lawyer. Had he been a genuine artist he would have been compelled to follow his passion for better or worse. He might have produced a work worth millions because in some indefinable way it would have been infused with his passion for his work. In art, emotion and hard practicalities like money are inextricably entwined.
Art investments might fall into many different genres but oil paintings are popular. They are portable, especially if painted on canvas, require relatively little maintenance and do not tend to attract the attentions of tax collectors, unless traded. Ownership of them affords economic, social and intellectual satisfaction. A painting graces a room every day and grows in value as it does so.
As a medium oil is favored for several reasons over water colors, acrylics and other mediums. It allows an artist to work slowly, adding textures and light that will endure without fading. It is said that one of Van Gogh’s famous paintings survived a considerable time as the floor of a chicken coop before being recovered and returned to its pristine state.
The Internet is a great way to find an oil painting that may be affordable and worthwhile. Although hand painted copies of great works may be bought online they are probably not good investments because they cannot easily be resold. An original work by a little known artist could be a better investment if it pleases. The pleasure that it gives will be worth what was paid for it and if the artist becomes famous its aesthetic worth may be enhanced by a considerable fortune.
To find out everything about Oil painting, visit Arold Augustin’s website at http://www.great-artworks.com to find nice oil paintings’ deal.
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