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How To Buy And Sell Art For Profits by oosula(m): 8:36am On Jul 05, 2016
Investing in art can be a get-rich quick scheme or not depending on your experience. But for many people, buying and selling art is more lucrative than other investments, and many have built a solid, growing, and rewarding business in art.

THE THREE BUYERS OF ART

First, decide what roll you want to play, whether you want to be an Art Collector, Investor, or Dealer, because each has a different motivation, buying and selling strategy, and outcome objective. The collector buys what he likes, the investor what he needs, and the dealer what he can sell for the highest price in the shortest amount of time. Each needs to follow the strict buying criteria outlined below.

Art Collector
The Collector has a love for art but not a compelling schedule to buy it. He buys only what pleases him, without regard for "what’s hot," possibly buying only one painting a year. The collector has no exit strategy or financial objective in mind when he buys art. He well might keep a painting all his life, willing it to his children or a museum. The art he buys, however, should create future wealth for his family. The collector also needs to acquire art knowledge and competent buying skills so he is not taken advantage of. Serious collectors usually have a focus and narrow interest in a particular School. Always studying art they like, collectors often become "subject experts" in their specialty.

Art Investor
Definitely has an exit strategy and outcome objective in mind when he buys art. Developing a financial plan, the Investor buys art strategically, according to the strict criteria listed below, doing extensive research to eliminate risks associated with buying art. The Investor’s time frame is five to seven years out. Even an unfresh painting (recently bought at public auction, or one "shopped around" ) will be fresh again in five to seven years. The investor buys what collectors desire, insuring him of a quick sale when it’s time to cash in.

Art Dealer
The Dealer’s business is buying and selling paintings, and brokering art transactions. Like any business owner, the dealer is on the telephone every day talking with customer and suppliers: collectors, investors, galleries, auction rooms, and other dealers. When an exceptional painting comes to market, the dealer pursues it relentlessly. The dealer’s time frame is measured in days or weeks, rarely months, generally selling at the highest price in the shortest amount of time. There is always a demand for his paintings. If you’re a "seller," on the other hand, selling art to a dealer can be an expensive proposition, because he’ll only resell your painting right away, to a collector, investor, or gallery, for a handsome profit, exactly what you could have done, if you only knew what the dealer knows. So it behooves the collector to learn the parallel skills of an art dealer.

Next topics on how to Buy And Sell Art For Profits
1. THREE KINDS OF ART AVAILABLE TO BUY
2. ART DEALERS INCOME STREAMS

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Re: How To Buy And Sell Art For Profits by tushbobo(m): 1:45pm On Jul 05, 2016
Cool stuff. I am an architect with a talent in visual arts. I used to do realism years back. Now I want to go for impressionism. But its having the time and ability to sell my works that is holding me back. A little push maybe what I need and your advice will be appreciated. I have the required art materials- oil and acrylic paints, W&N brushes, canvas,mediums etc ...

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Re: How To Buy And Sell Art For Profits by datyrone(m): 9:56am On Jul 13, 2016
thanks for this write up o.p....pls can you educate us on how to venture into art business as an artist,all the processes involved,is it compulsory artists have a website,how do we get our works in galleries,is there a sharing formular when works are sold at galleries,do artists need agents,do we have to join guilds and associations etc
thanks
Re: How To Buy And Sell Art For Profits by oosula(m): 9:29pm On Jul 16, 2016
datyrone:
thanks for this write up o.p....pls can you educate us on how to venture into art business as an artist,all the processes involved,is it compulsory artists have a website,how do we get our works in galleries,is there a sharing formular when works are sold at galleries,do artists need agents,do we have to join guilds and associations etc
thanks


The truth is this, all you have stated is a plus to marketing and earning in the art business.
Re: How To Buy And Sell Art For Profits by oosula(m): 9:32pm On Jul 16, 2016
tushbobo:
Cool stuff. I am an architect with a talent in visual arts. I used to do realism years back. Now I want to go for impressionism. But its having the time and ability to sell my works that is holding me back. A little push maybe what I need and your advice will be appreciated. I have the required art materials- oil and acrylic paints, W&N brushes, canvas,mediums etc ...

No problem, I would be sharing more, am here now
Re: How To Buy And Sell Art For Profits by datyrone(m): 4:50am On Jul 17, 2016
oosula:


The truth is this, all you have stated is a plus to marketing and earning in the art business.

okay ...how does a novice start,the truth is that i want to be an artist and make money from it.am self taught with no popularity.how do i start
Re: How To Buy And Sell Art For Profits by oosula(m): 7:32pm On Sep 24, 2016
Try to do more research on market, you must be crafty about it. Build your marketing skills as much as you improve on your creative techniques
tushbobo:
Cool stuff. I am an architect with a talent in visual arts. I used to do realism years back. Now I want to go for impressionism. But its having the time and ability to sell my works that is holding me back. A little push maybe what I need and your advice will be appreciated. I have the required art materials- oil and acrylic paints, W&N brushes, canvas,mediums etc ...
Re: How To Buy And Sell Art For Profits by DerrickM(m): 8:13am On Sep 25, 2016
Great to know we are similar...if you are in Lagos & have time you can learn more Pencils n Brushes www.pnbartworks.com recommended by a female archy padi of mine.

tushbobo:
Cool stuff. I am an architect with a talent in visual arts. I used to do realism years back. Now I want to go for impressionism. But its having the time and ability to sell my works that is holding me back. A little push maybe what I need and your advice will be appreciated. I have the required art materials- oil and acrylic paints, W&N brushes, canvas,mediums etc ...

1 Like

Re: How To Buy And Sell Art For Profits by DerrickM(m): 11:26am On Sep 25, 2016
@Oosula can't write all the processes here because it's better experienced than explained in some aspects. Let me break it down this way via processes like you want:
*Know what medium you plan to specialise in traditional,digital or be a hybrid artist.
*Learn the basics of art,learn,unlearn & relearn new things via youtube video tutorials or books to get an idea of what you trying to achieve.
*More than 85% of the artists I know have their own personal blogs or websites. If you are that busy your works can keep on being posted there etc. As a back up plan to keep content flowing,I advise to keep talking about anything art even when you haven't drawn nothing to post recently.
*Have social media presence;on facebook open a like page aside your normal profile,have a twitter account with your artistic or real name same for IG. Sign up with Google Plus,Pinterest,LinkedIn etc
*Have an online gallery of your works via popular sites such as DeviantArt,Behance & ArtStation. You're reppin Nigeria & letting them know we got talent...

datyrone:
thanks for this write up o.p....pls can you educate us on how to venture into art business as an artist,all the processes involved,is it compulsory artists have a website,how do we get our works in galleries,is there a sharing formular when works are sold at galleries,do artists need agents,do we have to join guilds and associations etc
thanks

1 Like

Re: How To Buy And Sell Art For Profits by datyrone(m): 4:29pm On Sep 25, 2016
DerrickM:
@Oosula can't write all the processes here because it's better experienced than explained in some aspects. Let me break it down this way via processes like you want:
*Know what medium you plan to specialise in traditional,digital or be a hybrid artist.
*Learn the basics of art,learn,unlearn & relearn new things via youtube video tutorials or books to get an idea of what you trying to achieve.
*More than 85% of the artists I know have their own personal blogs or websites. If you are that busy your works can keep on being posted there etc. As a back up plan to keep content flowing,I advise to keep talking about anything art even when you haven't drawn nothing to post recently.
*Have social media presence;on facebook open a like page aside your normal profile,have a twitter account with your artistic or real name same for IG. Sign up with Google Plus,Pinterest,LinkedIn etc
*Have an online gallery of your works via popular sites such as DeviantArt,Behance & ArtStation. You're reppin Nigeria & letting them know we got talent...


gracias,you just made my day
Re: How To Buy And Sell Art For Profits by oosula(m): 9:25am On Sep 27, 2016
Nice one @DerrickM

DerrickM:
@Oosula can't write all the processes here because it's better experienced than explained in some aspects. Let me break it down this way via processes like you want:
*Know what medium you plan to specialise in traditional,digital or be a hybrid artist.
*Learn the basics of art,learn,unlearn & relearn new things via youtube video tutorials or books to get an idea of what you trying to achieve.
*More than 85% of the artists I know have their own personal blogs or websites. If you are that busy your works can keep on being posted there etc. As a back up plan to keep content flowing,I advise to keep talking about anything art even when you haven't drawn nothing to post recently.
*Have social media presence;on facebook open a like page aside your normal profile,have a twitter account with your artistic or real name same for IG. Sign up with Google Plus,Pinterest,LinkedIn etc
*Have an online gallery of your works via popular sites such as DeviantArt,Behance & ArtStation. You're reppin Nigeria & letting them know we got talent...

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