Contemporary photography could be the cheapest way to acquire a large art collection. In addition, many of the works can increase in value, as long as you select the work of renowned photographers. The investment you would have to make would not be as big with other works, so it is one of the best to complement your collection.
However, before explaining how contemporary photography is the best way to invest in art, it is important that you know aspects of this artistic style. After you know some of its main characteristics, here you will read how this type of photography is the most accessible and how you can get high-value pieces.
Contemporary Photography characteristics
Like all types of photography, contemporary photography has very different characteristics in terms of light and focus, since each artist seeks different ways to capture their concept. The aspect that distinguishes this type of photography is that, as its name indicates, they are works made in the present or in the recent past.
Generally, contemporary photography is made by artists who are alive and still actively working on their art. Many describe this form of art as photographs taken during our lifetime that can reflect aspects of today.
A relatively simple way to differentiate this type of photography is by comparing it with images from a previous period. For example, in the middle of the 20th century there was a photographic artistic current that was known as modernist that sought to realistically represent the environment, an aspect that has changed a lot in recent years with contemporary photography.
Likewise, an important difference that contemporary photography has is that there is no artistic and aesthetic style that defines it universally. Many art critics point out that the use of technology is the common factor between the main works; however, this is not a rule set in stone.
This is mainly due to the fact that nowadays high quality fine art photography can be achieved with a phone, which has somewhat redefined the photographer and his work tools. Images can now be edited and manipulated more easily, but it takes artistic vision and a strong concept to make any photo a true work of art.
Similarly, although digital images predominate in photography, the quality of the traditionally generated image format increases the value of the work of art. You have to consider this aspect if you include pieces of contemporary photography in your collection, as they will always be better than the printed ones.
Although there is no artistic line that specifically defines what contemporary photography is, it is possible to highlight it from previous currents because it is created by artists who continue to generate incredible works. This makes them one of the most accessible and easy to find, especially if you do it through the artist.
When investing in art, if you are looking to expand your collection with new creations without spending all the money in the world. By buying contemporary photography from someone renowned, you will be guaranteed an excellent investment as the value of the work will increase rapidly as will the rest of your collection.
Contemporary Photography and its value
An economic study carried out in 2014 indicated that during that year more than 257 million dollars were obtained in the world from the sale of contemporary photography. This means that, approximately each of the 13,000 works that were auctioned, an average profit of 19,500 USD was obtained for each one.
If you consider that the largest format of one of Eric Scibor-Rylski ‘s works is priced at US$1,595, you would have a profit of over 1,000 percent in 2014. Remember that the price for which you can sell a contemporary photograph can vary depending on the different factors such as the reputation of the photographer.
It is for this reason that it is important to mention that these numbers are not completely accurate in terms of the profits that you would have when acquiring works of contemporary photography by Eric Scibor-Rylski. However, being an internationally recognized artist, with recognition in much of the world, there is no doubt that your earnings could be even greater.
In addition, it is important to point out that, within the sale of artistic photography, contemporary photographs occupy the head in terms of sales. Since 2019, art galleries have been able to sell works of this trend more easily, as profits of more than 70 million dollars have been obtained.
Although, since 2014, the sales of fine art photography have suffered a decline, mainstream contemporary photography has not been affected . In contrast, many works have fetched more than 45 percent of their original price at auctions around the world; therefore, it is the best form of investment in art.
In the world there is a wide range of exhibitors of contemporary photography and there are more and more; however, not everyone has the recognition or a consolidated career that can guarantee that the value of your work increases over time. Therefore, it is important that you acquire pieces of contemporary photography from a reliable source .
Also, remember that you can always reduce the investment figure if you contact the artist directly and acquire their works from their gallery. Especially if you are guaranteed to receive a Certificate of Authenticity that will back up its value, in the same way that Eric Scibor-Rylski offers to purchase any of the contemporary photographs on his website.
So… is Contemporary Photography a good investment?
Definitely! Without a doubt, more and more art collectors are looking to have contemporary photography works by renowned artists in their collection. Its value grows over time, especially if the photographer becomes more famous. Therefore, always make sure you buy from artists who have a more established career or with good recognition.
The tendency to acquire contemporary photography is growing , which means an investment with guaranteed profits . Best of all, they are very easy to acquire pieces, especially because you can do it directly through the artist and at a more affordable price than in any art gallery.
If what you are looking for is to expand your art collection with contemporary photographs of great value, from the Eric Scibor-Rylski gallery you can buy them directly from the artist. Select the size you want for your photograph, as production is limited to ensure that the piece will have greater value over time.
Eric Scibor-Rylski is a French photographer who lives in San Miguel de Allende, Mexico, where he has his studio. All his pieces of contemporary photography that are on his site have been presented in different parts of the world and the artist has been recognized worldwide for his work; therefore, buying his work is a guaranteed investment.