Investing in Contemporary Art: How to Find Emerging Art to Invest in?

With an annual growth rate of 31.4%, the worldwide art market reached USD 579.52 billion in 2022. In other words, the art market is enormous and expanding globally. But when we consider investing in art, purchasing pieces by well-known artists is typically the first thing that comes to mind.

But for investors, discovering emerging artists can also be a rewarding opportunity. And unlike with well-established artists, you don't need as much money to start investing. This might be a challenging process, but with the proper strategy and knowledge, it can be a worthwhile investment.

In this article, Artbooth Gallery will explore the contemporary art market and discuss how to spot emerging artists and trends.

‍The Two Art Markets

Emerging Art

Is a broad classification for contemporary works of art produced by young artists who are on the rise. The category also includes artists who are somewhat unknown but are generally thought to be on the road to critical and/or market acceptance, in addition to younger artists and newer works. Larger galleries and institutions frequently spend their emphasis on emerging artists to create new styles and careers.

Established Art

Artists who have achieved a high level of success in their careers and have created an extensive body of independent work on a national or international level are considered to be practitioners of established art. The worth of these artists is typically determined by internationally renowned galleries and auction houses.

Identifying emerging artists and trends

1. Attend art galleries and auction houses

The easiest method to find emerging artists is to attend local galleries and art exhibitions, this is an excellent and inexpensive way to discover local talent from artists who are beginning to find early success.

As with visiting galleries, attending art auctions is another way to spot up-and-coming artists who are starting to gain traction in the overall market.

2. Work with independent Art dealers

By serving as a mediator between the two groups, these dealers assist in bringing together artists and investors. If you're seeking for a particular style, a dealer may know of some up-and-coming artists who fit your criteria.

3. Social Media

Nowadays, a lot of artists present their work on social networking sites such as Instagram, Facebook , and others. So it's simple to stay up to date on the market and some potential investments by following these artists where they publish their most recent work.

The art market is a vibrant yet frequently elusive realm. Accessing the art world and managing an art portfolio can be a long-term process, also it might seem overwhelming for new and existing collectors alike. Additionally, each collector has unique motivations and priorities, whether that be the financial, personal, or social benefits of art collecting.  Artbooth Gallery brings a new approach by providing a range of bespoke services and acting as the client’s representative in navigating the art world.

By Hasintha Edirisinghe