Art collecting can be called an art onto itself, and I must say there’s no perfect way to buy art! Yes, there are lots of styles, titles, trends and a few artwork goes up quicker than others. Art can be quite trendy and people could be talking about this artist over that one. But somewhere between fine wine and investments is where you’ll discover fine art.
The fundamentals of art as an investment is that you buy a piece of artwork that you are passionate about and in time the artist, gallery, or art home begin selling that artist’s art for more than what you paid for this. Voila! At this point you have equity in your piece of artwork, keeping in mind there are a number of variables to how quickly the equity grows and demand for that particular artist. A friend of mine occasionally uses her collection as money, trading artworks for different things she needs. She has used this approach to purchase automobiles, pay bills and dinner. The actual significance in art is finding other people who are as passionate about that artist as you are. Businesses, museums and travel trailers lease such artworks all of the time that provide income for the owners. But if you would like a warranty on your art purchasing… then it is advisable to purchase art for love, you will always get your value from it.
Spend some time learning about the art and the artist because trends and fame can be misleading. Whenever possible, purchase art in person and even better match with the artist. Ask them about the series if it’s in one, ask what’s the size of it and if they plan on continuing the sequence. Sooner or later, you might plan to purchase another art and it would be useful to know if there’ll be more in that fashion. In case you’ve got the pleasure of speaking to the artist, then try to learn if they do artwork fulltime, where they’ll be showing next and what jobs are coming up next. A whole lot of artists do studio earnings, that help control their stock, purchase one-off pieces, and make them extra income. Knowing when these artists are having their studio earnings can normally save you a great deal of money, and you get to hang-out from the studio.
Collect using a Focus
This is a difficult one for new collectors since they have not put any parameters yet. You don’t have to restrict yourself to just 1 type of work. Concentrate on a style or a couple of styles, this will truly help you build a fantastic collection. This sort of collecting will help to make it easier for identifying the sorts of works that you want to buy.
Any respectable art dealer or gallery should supply you with things such as the provenance, condition, artist information with touch, history and edition numbers.
As a collector, you want to have all of the documentation to your own collection. Because anyone that must evaluate your collection has to have a very thorough comprehension of all of the pieces. From your very first art you buy, begin a list of all of the works, descriptions, invoices of sale costs, the purchase dates, and following appraisal rates. It is a good practice and will save you many headaches later on.
Among the simplest ways to find out more about an art or an artist is to ask questions, have fun and happy gathering.