Australia is a thriving hub of the visual arts industry, generating an impressive $3.3 billion in income, as per the 2023 report by the Australian Bureau of Statistics. While the sale of visual artworks constitutes most of this income, it’s essential to consider certain factors before investing in Australian Art. These factors may include the Artist’s reputation and background, the artwork’s provenance, its condition, and the price, to name a few. Making an informed decision can ensure the authenticity and value of the artwork and provide a meaningful addition to your collection.
Here are the top factors to keep in mind before purchasing Art:
1. Authenticity
One of the most important factors to consider when purchasing Australian Art is its authenticity. In several instances, fake Aboriginal artworks have been sold to unsuspecting buyers. To ensure that the artwork you purchase is authentic, look for a certificate of authenticity or provenance that verifies the artwork’s origins and authorship. Research the Artist and the style of the artwork to confirm its authenticity. It is also essential to be mindful of cultural appropriation and respect the cultural significance of Aboriginal Art. Considering these factors, you can make a thoughtful and responsible purchase of Australian Art.
2. Condition
The artwork’s condition is another critical factor before purchasing Art. A thorough examination of the artwork’s condition can reveal any potential damage or deterioration that may have occurred over time. Ensure the artwork has been properly stored and maintained, especially if it is a vintage or antique piece. If you are purchasing the artwork online, ask the seller for detailed images of the artwork to examine its condition thoroughly. If you purchase antique or vintage Art, consult a professional appraiser or art historian to ensure its authenticity and value. Researching and examining these factors can lead to a satisfying and worthwhile investment in Art.
3. The reputation of the Artist
The Artist’s reputation can also be essential before purchasing Art. Research the Artist’s background and credentials to understand their artistic journey and previous works. Check if the Artist has won any prestigious awards or accolades for their artwork, as this can indicate the quality of their work. Also, consider the demand for the Artist’s work and their contribution to the art scene.
4. Medium and Style
The medium and style of the artwork are other factors to consider before purchasing Art. Art encompasses many styles, from traditional Aboriginal Art to contemporary paintings and sculptures. Consider the style of the artwork and whether it matches your taste and the overall aesthetic of your home or office. Additionally, understand the medium of the artwork, whether it is a painting, sculpture, or print, and the materials used to create it.
5. Budget
When purchasing Art, your budget is an essential factor to consider, as highlighted in the 2023 report by the Australian Bureau of Statistics. The price of Art can vary significantly based on various factors such as the Artist, style, medium, and overall quality of the artwork. To make an informed decision, it’s crucial to determine your budget beforehand and research the prices of similar artworks. The Indigenous Art Code reports that the Indigenous art market in Australia was valued at around AUD 400 million in 2023, showcasing the significance of this art form in the Australian craft profession market. Opting for emerging artists or galleries that offer more affordable options is one way to ensure your purchase remains within your budget. Additionally, consider the artwork’s size and visual impact in the intended space, as this can affect the overall impression it creates.
Conclusion
Purchasing Art can be a rewarding experience, but it is essential to consider several factors before deciding. Authenticity, condition, the Artist’s reputation, medium and style, and budget are all critical factors that can help you make an informed decision. By understanding these factors, you can ensure that the artwork you purchase is a valuable addition to your collection that reflects Australia’s unique beauty and culture.