An art collector went through a pile of rummage sale items and found an Andy Warhol Sketch that he later on discovered was worth $2.
1 million.
Another man bought a $50 painting at a flea market in Virginia; he discovered he got an authentic "Paysage Bords de Seine" a Pierre-Auguste Renoir 1879 work of art.
It was worth over a hundred thousand dollars.
It may not be just sheer passion that drives a person to find priceless artwork through bargain markets but it may actually be an investment.
Fine art investment can be a very lucrative income opportunity for anyone.
If you are serious about making big money from this kind of investment here are some investment tips.
1.
You need to follow the Art Movements.
You should not just be knowledgeable about different art movements, it is more important to know the movements of art pieces on the art market.
As with other types of markets, there are also fluctuations on the art market.
A certain artist's work may drop in value suddenly and then it will affect related works of art.
If you know how the art market moves, you will be able to plan the right timing when purchasing or liquidating your collection.
2.
Make your collection diversified.
If you have more than just one focus artist or artwork, by creating a diversified art collection, you will be able to explore the different income opportunities from different types of art.
It is similar to the basic concept of not putting ones eggs in just one basket so when it falls not all the eggs would break.
3.
It is also important to know quality artwork.
You need to have an eye to recognize a good quality of a work of art, whether the artist who created it is someone who has not established his name as of yet.
Doing this gives you the opportunity to earn profit when the good quality artwork becomes recognized and increases its value in the future.
4.
It is understandable if you have challenges eying for quality artwork, however if you are seriously interested to make profit from fine art investment, you should consider utilizing the services of a professional art investment firm.
They should be able to provide complete assistance from buying, selling, loaning and storing art pieces.
You will find that there is no secret recipe for fine art investment.
All you have to do is to know certain things that matter, and use the right strategy to get the best value out of your investment.