Wednesday, May 22, 2013

Art as an Investment- Midwest Fine Art Exchange and Kelo Tv @ Huehl Studios
for Money Matters with Angela Kennecke

Art investment is big business.  The art market has been in recovery after tanking with the rest of the economy in the recession, but investing in art can be daunting. 
Artist Nancyjane Huehl is known for her prairie landscapes and is fortunate enough to make a living doing what she loves.  She also collects other artists' work. 
 "At times I've bought on impulse or in the moment," Huehl said.
Sometimes she gets lucky. An original signed Harvey Dunn book she once bought has tripled in value. Huehl has also seen the value of North Dakota artist Sheila Rieman's painting rise as well.
But how do you know your purchase will go up in value?  
"You don't.  It's just like if you buy a stock, you see what's out there before you and you have an idea, it's not a guarantee it will grow, Huehl said.