Art For Interior Designers
We understand there are different set of priorities that comes into play for each person who decides to buy art. When it comes to art for interior designers, these criteria include not only the personal aesthetic appeal of a piece and its potential as an investment but also the relationship it will have with its physical surroundings.
Features and Focal Points When Buying Art For Interior Design
When purchasing art as an interior design feature, the first step is to have a clear idea of the intended location of the piece and the purpose it will serve in that particular position. Site larger, bolder pieces in spots to which you wish to draw the eye.
Smaller pieces can be used to add elegant detail to a dull surface or “dead” space. It’s often a great idea to pair a piece with an item of furniture to “anchor” it to its surroundings.
Place diptychs or triptychs on the same wall, or “facing” each other on perpendicular surfaces.
You will need to consider a location’s lighting before you decide on the artwork that will go there. Think about the way light will hit the different angles of a sculpture and cast shadows over its surroundings. Good lighting will also enable the viewer to pick out the finer elements of a detailed painting.
Be careful, though, as natural light may cause pieces to fade.
It is vital that you select pieces that “tie in” with your chosen colour palette. Of course, this doesn’t mean that everything must be a precise match.
For example, a space decorated in monochrome may be wonderfully enhanced with a bold and bright Warhol, Mendel or Keith Haring - or stylishly complemented with photographs by Helmut Newton prints to take the black and white theme further.
You may decide to use a piece of art to provide a singular, exciting contrast in a space. A space featuring elegant, traditional furnishings and cool colours could be thrillingly subverted by a bold screen print of Banksy’s Love is in the Air.
Shapes and Lines
Interior Designers look at potential art purchases in the same way you do furnishings. Consider the “movement” of lines and shapes within each piece and ensure that they either correspond or contrast with the other elements of a room.
It’s a good idea to decide on an ideal aesthetic before you start looking - do you want curves, sharp angles, blocks, graphic print, splashes or any other feature?
Texture is also important. Prints and reproductions look great, but often lack the additional dimension that an original can provide.
Buying Art for Interior Designers Online
Shopping from an online art market gallery can feel like a risk. After all, it’s hard to appreciate a piece’s precise colour and scale unless you see it in person, and its resulting impact on a room can be difficult to determine as a result.
We recommend discussing your requirements in detail with the curators at The Lyons Gallery before deciding to make a purchase. They will answer all of your questions and assist you in finding the perfect piece. We always display the dimensions of each piece to enable you to better visualise its effect in a space.
You also need to be sure of the work’s authenticity - which is why we highly recommend only buying from known galleries.
We Specialise in Investment Art for Interior Designers
It is vital to value contemporary art investments. Whether a person considers themself a collector or simply wishes to obtain an attractive piece to complement their furnishings, the most intelligent approach to buying art is to consider how likely a piece is to appreciate or depreciate in value.
The fame of the painter, the rarity of their art and the history of the piece in question (particularly if purchased on the secondary market) are all key aspects that dictate the quality of your investment.
If you want to buy art for interior designers online, contact us now and let us help.
The Lyons Gallery has recently upgraded and expanded from the hustling Paddington, and is now located in the centre of Darlinghurst, on Victoria Street. It boasts two levels of never seen in Sydney before, contemporary, pop art and fine art photography from the most collected artists in the world.
Lyons Gallery curates audio and visual installations like never before seen in any commercial gallery in Australia.
The landmark building has an open terrace where collectors will not only be able to enjoy the blue chip art by internationally-acclaimed artists, but also the amazing views of the local area.Read Less
Invest Art Blog Section
PERFORMANCE BY ASSET CLASS IN 2019
Between the 1st January 2019 and 31st December 2019 the average percentage profit achieved by Lyons Gallery Advisory clients was 22%.
This is the mean average percentage profit, calculated from the sale of every piece of client-owned work in this period, which we had previously supplied to clients between 2016 and 2019.
WHY INVEST IN BLUE-CHIP ARTWORK??
The art market is one of the worldʼs most successful forms of passion investment. Shrewd investors have put 10-20% of their wealth into this asset class because of the low correlation to other markets and consistent growth over the last 60 years. $112bn (AUD) The current size of the global art market source: www.ubs.com
The compound annual growth rate of Sotheby's Mei Moses Index between 1950 and 2018 was 8.8%. The art market has grown steadily and significantly since 1950, with very low correlation to other asset classes. It has even managed to grow during one of the worst economic downturns of our generation – beating most other investment classes.
ART INVESTMENTS ARE TANGIBLE ASSETS
Art is becoming increasingly popular as an investment asset and so much so that people are now investing in art more than wine, according to the wealth report by real estate firm Douglas Elliman.
The average value of art sold at auction rose by a significant 21% within a twelve-month period. Compare this to other luxury assets such as investment-grade wine which took second place with 11%, followed by watches at 5%, coins and jewellery at 4%, cars at 2 % and stamps at 1%.
Placing your wealth in the art market for the long term for high-value artworks can be comparable to investing in real estate or luxury items, where value increases over time. This means that when you find the right piece of artwork, you become the owner of a tangible asset which, unlike some other investments such as stocks and shares, will always have a residual value.
ART DIVERSIFIES YOUR ASSETS
The global art market is, by and large, completely uncorrelated to the world’s major stock markets. This means investors can use art investment as an excellent portfolio diversification tool in times of economic uncertainty.
As per Deloitte’s Art Finance & Finance Report, some banks today are already offering art investment fund products to their clients. 43% of art professionals also stated that art investment funds were relevant service for their clients.
You might not be rubbing shoulders with the world’s greatest artists right now, but if you aspire to collect, then art can be a gateway, not only to becoming a custodian of culture in this country but to being a law-abiding taxpayer who is trading incredible art for tax breaks!
ENJOY UP TO 100% TAX DEDUCTION ON ART
Now is the best time to invest in art so you can take full advantage of a 100% tax deduction on the purchase of artworks for your business. For small businesses with a turnover of less than 10 million, art purchases for your business can entitle you to a 100% tax deduction allowance to spend up to $30,000 (per item). The $30,000 limit is the maximum tax deduction for any single purchase but you can make as many purchases up to that amount as you like.
ART IS AN EMOTIONAL INVESTMENT
For many years, art has been used to promote therapy. It sets the tone for living spaces and creates an ambiance of serenity and relaxation wherever it is displayed. Investing in a piece of art may not yield an income as it’s a capital growth orientated investment but your dividend is the complete satisfaction of owning your own piece of art and living with it hanging in your home.
Who doesn’t love putting prized possessions in the spotlight, as a focal point in a room and a novel conversation starter? Fine art purchases are also some of the most likely pieces to be collected for social purposes in your personal space.
ART SETS THE TONE & ENHANCES YOUR BUSINESS
Displaying art within your business is a fantastic and instantaneous way to improve your space. Artwork inspires employees and greatly enhances the work environment. It influences your corporate image and speaks volumes about your business.
Art is an integral part of business presentation and operation for many of our clients.
We have delivered art to countless offices and workplaces over the years and have seen, first hand, the dramatic change that well-selected artworks can have on the work environment and the people that spend so much time there.
ART IS AN EFFECTIVE EDGE AGAINST INFLATION
In periods of rising inflation, art continues to do well throughout different market sectors. In fact, according to the Deloitte Luxembourg & ArtTactic Art & Finance Report, 73% of wealth managers have said their clients wanted to include art and other collectible assets in their wealth reports, in order to have a consolidated view of their wealth.
True enough, the returns you get from an art investment is significantly better especially with rising prices in the economy.
ARE YOU READY TO INVEST IN ART? Here is what you need to know
According to Statista.com, the global art market was valued at almost 64 billion U.S. dollars in 2017, with the volume of global art sales reaching approximately 39 million transactions.
For art buyers and investors, art investment can lead to great returns when done the right way.
Having a good grasp of factors that influence the art market and having the information you need about the artwork itself is crucial to making a solid art investment that you can enjoy for many years to come.
HOW IT WORKS
Once you have submitted your details to speak to one of our advisors, they will contact you and explain more about the current art market as well as explore what opportunities are available. You will also discuss your current investment portfolio, experience of art investment, budget, and risk appetite so that our advisors can provide you with valuable guidance that is tailored to your needs.
Your dedicated Lyons Gallery Advisor is aware of your investment profile, they will recommend a bespoke selection of works that are most likely to achieve your investment goals. They will also keep you informed of art market news and performance, and provide guidance related to your portfolio, investment profile, and new opportunities that will complement your existing portfolio.
DELIVERY OR STORAGE
When you have started building your art portfolio, you can choose whether to have the artwork hung at home or stored with one of our specialist suppliers. We will make arrangements based on your preferences.
RETURN ON INVESTMENT
Your advisor will get in touch when it is a good time to sell your artwork – this is based on market trends, demand for that particular artist, and recent sales of similar works. Once you have agreed to sell, Lyons Gallery Investment advisor will market the artwork at the agreed price.
Let Lyons Gallery help you find the best investment in your budget. Enquiry today and a Lyons Gallery consultant will be in touch.
Choosing the Right Art Gallery
Depending on your art of choice, finding the right gallery who can give you a well-curated range of original artworks or limited edition pieces of your preferred style or artist is crucial.
If you’re looking for original and limited edition prints ranging from modern art photography, urban art, pop art, and pop culture, Lyons Gallery Australasia may just be the right fit for you.
As a high-end Fine Art Photography gallery, Lyons Gallery specializes in celebrity photography from the most prestigious and collected photographers & contemporary
artists in the world.
Frequently Asked Questions
Art investment follows a simple four step process:
• Portfolio Management
• Delivery or Stage
• Return on investment
Many new art investors are entering the market with the help of art advisory services, giving them access to:
• Art investment research
• Portfolio management
• Monitoring and selection of art funds
• Structuring of art investment funds
• Art securitization
Just like any other asset, there is both depreciation and appreciation in value. However, the art market has shown consistent growth over the last 60 years due to very low correlation to other asset classes. Art has shown to even managed to grow during one of the worst economic downturns of our generation – beating most other investment classes.
The art market categorises artwork by artist. The three key types of artists include:
1. Emerging artists
2. Established artists
3. Blue chip artists
While blue chip artists can reach for six or seven figure sums, the percentages in return have been noted to be lower than that of emerging and established artists.
Since art is a heterogeneous product, it can lose value depending on judgements by art experts related to areas such as rarity, importance and provenance.
Therefore doing research and consulting with art experts to gain insider knowledge are imperative.
There are five reasons supporting art as being a good investment.
1. Capital growth potential
2. Investment being a fully backed asset
3. Diversification in investment portfolio
4. Hedging against inflation
5. Satisfaction of ownership
The value of an artwork is determined by:
• The artist – their prestige and fame which are influenced by their role in the history of their art movement
• The artwork – the size, medium, date of creation, subject matter, condition (restoration, tears), provenance (history of ownership, emotional appeal to celebrity figures), exhibition history (features in popular galleries), rarity
The art market is known to be unregulated, unlike many other areas of investment. There are unique factors that shape the way the art market work. These include:
• Gallery representation and solo exhibitions
• Lack of availability of work
• Auction results
• Press, books and journals
• Corporate endorsement
• Art fairs
It has been recently reported that millennials are more likely than other generations to see art as a financial asset. According to a 2018 U.S. Trust Insights on Wealth and Worth survey, millennials have been partially responsible for art flipping - buying with the hopes of quickly reselling.
When it comes to buying art, millennials are motivated by passion, aesthetic appreciation and desire for personal fulfillment. To millennials, art is a strategic part of their personal branding.
With the integration of social media platforms, millennials have resorted to sites such as Patreon, Redbubble and Etsy to source the works of emerging artists.
Totaling $67.4 billion in total sales globally during 2018, selling art is profitable. At Lyons Gallery, the average percentage profit achieved by our clients was 22%.
While art prints may not have a high price tag like original artworks, selling prints can still be profitable due to their affordability. As a rule, rarer prints are more valuable. One print from a small number of limited editions will have more value than a print with many copies floating around.
Due to the dynamic pace of the art market, Lyons Gallery ensures their clients are well informed.
Investing into high end art was once only exclusive to famous celebrities such as Steven Spielberg, Oprah and Elton John. However, with emerging artworks available from as little as $3500, more investors are including art in their investment portfolio.
As per Deloitte’s Art Finance & Finance Report, some banks today are already offering art investment fund products to their clients.
An original is a one-of-a-kind work of art. While original art can come with the highest price, they are known to have the greatest potential payoff. Generally, it is the rarity of the original that justifies the high price. Investors looking to play the long-term game will benefit from the purchase of original art.
Unlike other markets, the art market is known to be lightly regulated and subject to the influence of insider knowledge due to it not having a standardised art valuation methodology.
As such, paintings gain value with respect to the changing intrinsic tastes. For example, it is reported that religious works have become out of fashion while historical figures have maintained its value.
In order to get an insight into what paintings will gain value, investment research through art advisory services has become fundamental.
Unlike other generation classes, millennials have lower financial capacity. This translates to a greater taste for contemporary art – including works that are made from recycled or sustainable materials or incorporates elements of digital and performance art.
Millennials also tend to buy the works of emerging artists and minorities such as female or African American artists due to their obsession with discovery. This is exemplified by their tendencies to search unknown artists on YouTube, swap Spotify playlists and attend local shows.