The Albany Gallery is a great little commercial gallery that is located above Zio Peppino on the Albany Road. There is every reason to visit Albany Gallery at any time of the year, but there's presently an even more compelling reason to make the effort to go there. The current exhibition will be on for the duration of the summer, and features work from some of the best of contemporary Welsh artists. And it's excellent! There are circa. 70 different artists exhibiting, who specialise in all different kinds of media and subject. Prices for work exhibited vary dramatically, starting at incredibly affordable prices.
Now is definitely the time to buy fine art. The art market has not been this depressed in a long time, and with galleries exerting pressure on the artists to keep their work affordable, prices have dipped or remained static for a while. It's difficult for an artist to discount their work as it devalues the pieces that have been sold previously, and so there is an unwritten obligation borne by each artist to protect the commercial interests of existing patrons. Nevertheless, galleries are going out of business left, right and centre, and those that remain are doing al they can to preserve the market. Keeping prices affordable is one of the key means of doing this.
Artists tend to increase the sale price of their work on a regular basis. It is common to see considerable price increases within a short space of time. Each successful exhibition, of which an artist will have several a year, will prompt them to review the value of their work. A successful exhibition at a high profile gallery that has been met with critical approval in the media may cause an artist to add a nought to their sale price, taking the value fo their work from £500 per piece to £1,500 for example.
This means that price increases have been seriously inhibited owing to the fact that the art market has remained relatively static throughout the duration of the recession. Therefore, prices should rocket once the market has stabilised once more, making any investment today a good one. Obviously you have got to buy right, so it pays to know what you are doing, but quite often buyers can make a killing just by buying what they like... (if they like it, it usually follows that other people do too, and demand ultimately regulates the market). read more