How to Invest In Upcoming Artists Before They Get Big (2024)

Chelsea Nassib’s genius idea for accessible art came when she was trying to establish herself as a painter after art school and quickly discovered that there was no straight path to follow to become a *career artist*. “As an artist you sit alone in your studio and produce work; there’s a networking element, but no career path.” Meanwhile, her friend—and now co-founder—was working at the Gagosian, selling to big-time collectors, while her peers would approach her to ask about buying art well under typical gallery prices. The natural concept for two millennials? To make art available online, of course. And Tappan was born. “We gathered a group of friends out of art school and got them to let us put their artwork online to see if it would sell,” Nassib says from Tappan’s Atelier space in Los Angeles. “Would people buy artwork online in the first place? That launched in 2012. And they did; and they do. So here we are five years later.”

Five years later Tappan is way more than an e-commerce destination to buy art. It’s a veritable network of emerging artists that Nassib and her team support with career development while providing them with a platform to share their work. The best part? A lot of what’s available to buy on the site costs less than a mid-range designer handbag. Even better, you can hang a piece on your wall that you love and know that it will only increase in value. Here’s how Tappan is shaking up the traditional art marketplus four emerging artists you should invest in now.

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Why Tappan is investing in emerging artists (when traditional galleries can’t and won’t):

“We represent the artists, but we enter into more of a partnership with them. Traditionally, the brick-and-mortar galleries couldn’t afford to invest in emerging artists. Let’s say you’re selling works for $500, and you have 10 works in your show—you’re making $5,000 and the show is up for a month. There’s no way you can cover your overhead, your rent, the gallerists, etc. The emerging market was something where you had to know people and be involved in. There’s still that culture, which is lovely to be a part of, but because of the internet, we can invest in artists who are selling at a more reasonable price point and make their work acceptable to people who want amazing work by real artists.

“The partnership comes in because we invest in them as much as they have to have faith in us. These are people who we’re finding out of school who may or may not have had gallery shows before. We have to identify the talent, and then we also help groom them. We have artist managers who help with career development. We’re trying to help these artists learn the skills they need to continue on in the art world.”

Why you can trust Tappan to find emerging artists that are worth investing in:

“We do a lot of storytelling. We try to tell the artists’ stories on the platform. When you go on our site, there’s a lot of information about who the artist is, what they’re practicing—you can spend hours in the journal looking at who and how and why they do what they do. We believe that personal relationship and connection you develop with the work and the artist’s practice is something that’s important. On the other hand, we are very transparent about the works that are available and the pricing, so you know that you’re never being ripped off for what you’re buying.”

Why being an entrepreneur isn’t so different from being an artist (and the challenges that come with starting a business):

“The thing that artists have, which is something I think that all creatives have, is a vision, and you will work tirelessly to make that come to fruition. That was something that translated really well because it was creating something and building something that didn’t exist before, creating this market for collectors and emerging artists. We built what we set out to build in 2012 a long time ago, but what’s happened today, and what keeps me excited, is the continual innovation, the projects, the stuff that makes you feel like you’re still being creative, because the managing and the operating and the day-to-day is definitely not my forte. Entrepreneurs are ultimately doers—it’s just about doing, doing, doing—and once you build [a] team and you’re not doing as much and you’re managing more, that becomes very difficult.”

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Why she decided to open an ~offline~ space:

“There were a lot of reasons to open a space. Collectors, as comfortable as they can be online, they like to have the possibility of seeing the work in person even if they don’t actually see it. Because we represent our artists, we wanted to give them the opportunity to show their work in real life. The space is part gallery, part artist-in-residency. The artist-in-residency part was important to us for two reasons. One, we’re always trying to un-define what a traditional gallery means. So, by allowing people to come into a space where they get to go into an artist’s studio, for us it’s very similar to what we get to do online in that you’re interacting with them in their creative space, talk to the artist as their producing, see the works and works in progress. It’s not this sterile piece on a wall; there’s lots of human interaction. And that is where we believe the connection is the strongest. For me, being in a studio is so much more magical than in a stark gallery space. The artist-in-residence program allows our artist managers to do some of this career development and spend one-on-one time with the artist and help them push along their careers and practice.”

How the internet will change the art world for good:

“The traditional as it exists today is very important and will continue to exist, but I think with the advent of the internet and social media, there is a wider funnel of people who will be able to experience art and start to be brought in. People who may not otherwise have felt comfortable going into a gallery can find artists that they like and niches that they like, similar to other industries, and have a sense of belonging. As a whole, the future is that, across the board, there will be more transparency in a traditionally opaque industry. Historically, sale prices weren’t shared, and a site like Tappan has always been about transparency and listing our prices. There was just an art market report, and they reported that our generation isn’t as interested in auctions as they are direct sales, and I think that part of that is linked to our need [for]transparency and understanding why they’re spending. It’s not as much of an ego game for future generations.”

4 Emerging Artists That Are Worth the Investment

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“I’m a huge fan of Molly Berman’s aesthetic. I love the way she captures seemingly mundane locations in beautiful photographs.”

How to Invest In Upcoming Artists Before They Get Big (2024)

FAQs

How to invest in an upcoming music artist? ›

Royalty Exchange is an online marketplace where private investors can buy into music royalties. Similar to how a company goes public by offering its shares to the general public, artists earning royalties can sell a portion of their incoming earnings to investors.

How do you get noticed as an upcoming artist? ›

How to get noticed as a singer or artist
  1. Be an amazing singer or instrumentalist.
  2. Put yourself out there.
  3. Create a press pack (EPK)
  4. Play anywhere.
  5. Convey maturity.
  6. Practice well.
  7. Get yourself motivated.
  8. Use Facebook, Instagram, and Twitter.

How do I know which artist to invest in? ›

If you are intrigued by a particular artist or time period , you can gain a lot of knowledge by going to auction houses, talking to art advisors and sourcing rare finds in your growing collection.

How do you know if an artist is worth investing in? ›

Visit art galleries, museums, fairs and artists' studios to determine what you like and develop an understanding of art's market value. Read art critics to find up-and-comers, and review art prices from auction houses.

Can you invest in upcoming artists? ›

An emerging career artist – be they a young recent graduate or have become an artist later in life – can offer an excellent investment. Their work is often sold for entry-level prices, but can have the potential for a significant increase in value.

How do I find an angel investor for my music? ›

It's also crucial to stay connected and to build a network of industry connections, because you never know where your big break will come from. You can try to find potential investors on platforms like Invstor, The Music Fund, or the Angel Investment Network, and start from there.

Is it difficult to get a record deal? ›

Getting a record label to pay attention to you as an up-and-coming musician is extremely difficult, no matter who you are or what kind of music you create.

How hard is it to get a record label? ›

Getting signed by a record label is no easy feat. It requires a combination of hard work, talent, and perseverance. But, with the right approach and mindset, it is possible to get noticed and signed. Don't get discouraged if it takes some time – building a career in the music industry is a marathon, not a sprint.

What should an artist portfolio look like? ›

Include thematic works that show your in-depth investigation of an idea, or showcase a variety of subjects to show your broad interests. Include a variety of media such as drawing, painting, collage, printmaking, and media-technology to demonstrate your skill with different tools, materials, and techniques.

How to start art investing? ›

100% Art Ownership. This is the most traditional way to invest in art, where an individual or organisation purchases a piece of art and becomes the sole owner. This can be done by buying art on the primary or secondary market via an auction house, or privately, through an individual, dealer, brokerage, or gallery.

Who is the best artist to invest in right now? ›

Best Artist to Invest in Right Now
  1. Banksy. Banksy is one of the most prominent names in art today. ...
  2. Nicholas Party. ...
  3. Dana Schutz. ...
  4. Picasso. ...
  5. Andy Warhol. ...
  6. Birgit Jürgenssen. ...
  7. Stik. ...
  8. Stony.
Jan 22, 2024

Is buying art a tax write-off? ›

The expenses associated with art investments are governed by IRC § 212. These expenses are deductible if it can be proven that the investor's primary intent was to hold the artwork for the purpose of generating income.

What makes a painting worth millions? ›

Condition of the artwork. Along with the artwork's provenance and historical significance, the state of any painting, sculpture, sketch, or handicraft plays a vital role in deciding its monetary worth. People have observed that, for an original painting, art collectors pay a hefty amount.

Do oil paintings go up in value? ›

While the paintings of some artists have gone up in value significantly over time, others have failed to keep pace with inflation or have even declined in value. As such, it's important to do your research before investing in any particular artist or painting. Oil paintings can be difficult to store and transport.

Can you invest in music artists? ›

Royalty Exchange is an online platform that allows investors to buy and sell music royalties. The platform offers a wide range of royalty assets, including catalogs of hit songs and emerging artists.

Is it possible to invest in artists? ›

At MTArt Agency, we have observed what makes not only a good artist, but an artist that will be a good investment. We approach investing in artists like a Venture Capitalist would a business, analysing the qualities of the artist behind the art before investing in them, especially for an early-stage investment.

How does a new music artist get noticed? ›

Perform at local events: Look for opportunities to perform at local concerts, festivals, or other events. This can help you build your reputation as a performer and connect with other musicians and industry professionals. Also, small local radio stations love their local artists. They are a great way to get noticed!

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