New Collector Knowledge

Yellow and Brown House Painting

Art collecting can be called an art onto itself, and I should say there’s no perfect way to buy art! Yes, there are many styles, Melbourne Opossum Removal titles, trends and some artwork goes up faster than others. Art can be quite trendy and people may be talking about this artist more than that one. But somewhere between fine wine and investments is where you’ll find fine art.

The basics of art as an investment is that you purchase a piece of art that you’re passionate about and in time the artist, gallery, or art home start selling that artist’s art for more than what you paid for it. Voila! You now have equity in your piece of art, keeping in mind there are a number of factors to how fast the equity grows and demand for that particular artist. A friend of mine occasionally uses her collection as currency, trading artworks for other things she needs. She has used this method to buy automobiles, pay bills and dinner. The real value in art is finding other people that are as passionate about that artist as you are. Corporations, museums and travel trailers lease these kinds of artworks all the time that provide income for the owners. But If you want a warranty on your art buying… then I suggest you buy art for love, you will always get your value from it.

Do Your Research

Spend some time learning about the artwork and the artist because trends and popularity can be misleading. Whenever possible, buy art in person and even better match with the artist. Ask them about the series if it is 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 style. If you’ve got the pleasure of talking to the artist, then try to learn if they do art fulltime, where they will be showing next and what projects are coming up next. A lot of artists do studio sales, that help control their stock, sale one-off pieces, and earn them additional income. Knowing when these artists are having their studio earnings can normally save you a great deal of cash, and you get to hang-out from the studio. Research can be a collector’s best friend.

Collect using a Focus

This is a difficult one for new collectors because they have not put any parameters yet. You do not need to limit yourself to just one type of work. Concentrate on a style or a couple of styles, this will truly help you build a fantastic collection. This type of collecting will help to make it easier for identifying the sorts of works you want to buy.

Any respectable art dealer or gallery should supply you with things such as the provenance, condition, artist information with signature, history and edition numbers.

As a collector, you want to have all the documentation for your collection. Because anyone that needs to evaluate your collection must have a very thorough understanding of all the pieces. From your very first artwork you buy, start a list of all the works, descriptions, invoices of sale costs, the purchase dates, and subsequent appraisal prices. It is a good practice and will save you so many headaches in the future.

One of the simplest ways to learn more about an artwork or an artist is to ask questions, have fun and happy collecting.

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