The Renaissance period was right between the 14th and 15th centuries, after interest in art was rekindled among the Classical civilizations. Pieces from this period might be quite costly even if the artist is a relative unknown. Oil paintings from this period were typically figurative and representational, often heavily influenced by the church. Due to the cost that is involved in collecting these pieces, amateur enthusiasts are limited to mass reproduction prints or the more costly Giclee prints. Contemporary works on the other hand arguably began in the 1970s as part of the social and political protest that was the norm at the time. It continues on to the present, sometimes even being called postmodern art, with diverse movements ranging from conceptualism to photorealism and everything in between. Contemporary pieces are more accessible and affordable because they are more recent. This makes it possible for even amateur enthusiasts to own the works of a present-day artist.
Although Renaissance and Contemporary pieces are both art, pieces from the Renaissance are loved for their history as well as their elegance and thus tend to fetch a very high value. Because Renaissance pieces are precious and very inaccessible, they are usually valued in community and private museums, not likely to be seen in the average residence. Contemporary art could be quite treasured, and can admire easily over the years. If you are looking for unique pieces to spice up your home's decoration, it is also possible to get cheaper pieces done by up-and-coming painters. If the painter who paints it becomes successful over the years, these too might possibly appreciate in value, especially if the artist produces several notable pieces.
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