Contemporary Art Paintings
Contemporary art is referred to the art of today, which is the current day’s artwork. Anyone can generate a decent income by taking up a profession in contemporary art. But for that, they must have a liking towards drawing. An artist is a person who usually draws on a canvas anything imaginary which goes on to create a masterpiece.
The best way to make money in case you are not a professional artist is to buy the artwork from a contemporary artist who is at the beginning of his or her career and whom you find to be having a great future. During this period, these artists sell their artwork for very cheap prices. If you are confident that the artist will make a name for himself in future, you can buy their artwork now and then sell it at a royalty in the future when the artist has already acknowledged his name across the globe.
The best way to find this out is by visiting auction houses. Here is the place where an artist’s work is appreciated. Actually speaking, it is like a gamble. There are chances that the artwork that you have purchased can give you a fortune in the later years and also there can be chances where the artwork will only remain hanging in one of your rooms.
Let us take a simple example. In the year 1962, an anonymous caller purchased artist Andy Warhol painting named ‘200 One Dollar Bills’ for $385,000. Though this sounded like an expensive investment during those days, the same painting was sold in the year November 2009, for a whooping $43.8 million. This auction took place at the New York’s Sotheby’s Auction House. This is a true example. There are many other examples where people purchased contemporary artwork at cheap prices during an auction which they sell years later with million dollar profit.