Tuesday, November 23, 2010

Tips on Buying Inuit Art As an Investment

Tips on Buying Inuit Art As an Investment
Tips on Buying Inuit Art As an InvestmentFirst, buy contemporary art. Some of the older carvings can be a good investment only if you are sure that they will increase in value over time. The thing is they are already old and expensive, so they won't grow in price as much as contemporary art. On top of that, there are many old Inuit carvings that simply don't worth anything, you really have to be an expert in older Inuit art to buy it or you are at a huge risk of overpaying. With contemporary art, there are comparison, so you can check similar carvings by the same Inuit artists at different galleries and make sure you are paying a fair value.
The best place to shop for Inuit art is online Inuit art galleries. You will see that prices at online galleries are lower than at brick and mortar galleries. Actual stores have to pay rent, utilities, employees' salaries and they have to mark up their prices a lot. Online Inuit art galleries buy sculptures directly from the artist and don't have any additional expenses, they are just a middle man between you and the artist.

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