Why we should all be painting pictures of dogs
It seems that I've been barking up the wrong tree. I have been chasing my tail trying to create work with a conscience, when all along I should have been painting puppies (no, titter ye not, sex is out).
I have just read an article (written by an "art market analyst, art critic and journalist") presumably aimed at those just starting to dip their toes in the murky waters of the art market. It starts off reasonably enough. He tells us that one of the most important factors we should consider (when investing in art) is the effect that the subject of an artwork can have on its desirability and value. Sound advice for an investor, you'd think.
No, Potential Investor, you may have bad taste - or at least your tastes and preferences may be in the minority. You need to know which subjects are the more and less popular before you make a purchase.
Sexually explicit nudity and graphic violence are out. Bugger, I like my Chapman Brothers stuff, not to mention Koons, Klimt, Warhol, and my Rembrandt etchings. The 'Guernica' will have to go, too, and I can't even think about 'The Martyrdom of St Agatha'.
So no sex or violence then. Another turn off, it seems, is artwork that contains overtly political, cultural or religious statements which may cause offence. I should think that everything I have ever done is going to offend someone, somewhere. I'm going to have to tell the people that collect my work, Banksy gets whitewashed over, the Rubens goes on the bonfire. A further recommendation is to stay away from anything overly obscure or bizarre. Sorry Damien, your work will never sell, mate.
To reinforce his argument, the author goes on to quote a survey by the Fine Art Trade Guild, apparently conducted to determine the best selling primary market subjects for paintings in the UK. He doesn't differentiate between primary and resale markets (surely a fairly fundamental difference for the investor?), nor is there the merest hint of irony:
The Top 10 Best Sellers
1. Traditional landscapes.
2. Local views.
3. Modern or semi-abstract landscapes.
4. Abstracts.
5. Dogs.
6. Figure studies (excluding nudes).
7. Seascapes, harbour, and beach scenes.
8. Wildlife.
9. Impressionistic landscapes.
10. Nudes.
The clear inference is that these are the subjects the investor should be buying and, by implication, what artists should be producing.
The last "particularly important point to keep in mind" is evidently that "most artists are known for producing artwork of a particular subject" so the recommendation is to invest in works that depict the subject that the artist is best known for. Sorry again, Damien - even if you do manage to sell the half-cow, the coloured dots are a no-no.
Surely the most successful investors are astute people who do their research. They study the market, they go to galleries, they go to graduate shows, they look for promising emerging artists. They learn to trust their own judgement and above all they know to take a few risks.
Tags: investor, sellers, art, best, investment
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