Nature Photography & Luxury Fine Art Blog: Fine Art Photography As An Investment
There are two distinct but quite different types of people who purchase artwork of any variety including fine art photography, the connoisseur and the collector. There are yet others who are a combination of the two that appreciate beautiful art, a great value and the opportunity to see a return on their investment. I would like to share with you how you can have the best of both worlds.
A collector will usually choose a piece that already holds significant value in the eyes of the general public and the art world. This does not mean they do not also enjoy the piece, it simply means that their first priority is usually the value of the piece and whether or not they expect this value to rise in the future. Before anything else it is a business decision. This type of collector often cares very deeply about how those around them feel about their purchase and many times will choose a piece simply for bragging rights or for show.
The connoisseur simply appreciates quality artwork. As with any form of artwork, the piece still needs to speak to the person considering it for purchase yet the current value and potential investment are less of a concern, if a concern at all. The connoisseur will fall in love with a piece, without concern about how others feel about it. The piece will usually create a deep connection with them, whether tied to a past experience, a precious memory, a friend or family member or simply a beautiful feeling. Whatever the reason, this person purchases a piece for the LOVE of the art.
In the world of nature photography, there are countless photographers offering you their interpretation of the world around them. Unlike a painter or sculptor, any two photographers can stand in the same place and create beautiful images of what they see through the lens of their camera. Both of these visions may be appealing to you as someone considering a piece of art for your home or business, but typically only one will stand out, or speak to you on a deeper level. In my opinion, this is the voice you should listen to when you consider a piece of nature or landscape photography because ultimately nothing else matters. A piece of fine art photography from a well-known artist currently valued at $35,000 may be worth $10,000 or less five years from now. In contrast, a piece from an up and coming artist currently costing just $1,000 hypothetically has much more room for growth in value as well as less investment risk. In addition, if you can find an artist whose work you appreciate for the art itself, you may be able to purchase multiple pieces from them, bringing even greater beauty and real value to yourself and those you are sharing this work with.
For example, some photographers regularly command prices in the tens of thousands for a single print. Will these pieces hold their value? Only time will tell. One way to determine the actual current value of a significant piece of art is to browse the auction site eBay. One of these same pieces that a gallery may currently be listing for $35,000 or more, may be found offered from multiple sellers, for far below the price currently being asked by the gallery. If you were to purchase this piece today, you may find yourself needing to sell it at a time when the market is soft, causing you a significant loss on your investment.
These are just a few of the reasons that I suggest purchasing a piece that you fall in LOVE with first, considering its current and perceived value second to that. This will help protect you from potential disappointment and possible regret in the future. I am a fine art nature photographer who chooses to offer my work at a great value to my clients. Many of the pieces I sell have very low profit margins. While I do operate a successful business with my photography and hope to continue to do so in the near future, I also enjoy being able to offer my customers high quality fine art luxury nature photography at affordable prices.
The choice is yours, for LOVE or money, investment or real value. As always, I want to say thank you to those of you that support up and coming artists like myself and hope you are able to appreciate my work for many years to come. For more information, please reach out anytime. I would love to discuss how I can help you choose valuable art for your home, both visually and literally.