A lot of us are admirers of art works and harbor a desire to have a personal collection of such pieces one day. But many often feel confused or under-confident about how to go about collecting art pieces even if they have the funds.
Is it really a difficult process to collect arts? And how does one begin the process of collecting arts?
For beginners, buying art is different from that of collecting. While the former is more a random activity based on likes and preferences, the latter is a process which requires a long-term commitment. For those who collect art, two skills are necessary than just to have an eye for superior creative works. They will be able to effectively do a homework about a work of art which has caught their eyes and arrive at a decision to buy it or not. Secondly, they should know how to choose an individual work so that it compliments other items of his grouping called collection.
First, ask yourself these questions:
For those who are looking for a start in collecting art, it is essential to ask themselves the following questions:
What kind of art am I looking for and why do I like that kind of art over others?
Do I like a particular art form because of its subject matter or its historical importance, the message it communicates, its originality, its place of origin or the techniques and colors used in making it?
Does the art influence me in a way like never before?
Does it influence my perspective towards life in some way?
Do I have any preference for the art work’s shape?
What great art collectors do
Great collectors of art are as respected as their prized possessions. Their talent in selecting and collecting the art is considered as good as the artist who has created that art.
Tips on how to start collecting art:
Do your research and homework at leisure to see where the art that you are looking for is available. Take your time to take the first step
Don’t blindly rely on a dealer’s quotation. Check what similar artworks are being bargained for.
Give up a casual approach while doing it. You are buying an art work as an item of your collection and hence it is a long-term investment.
Try to see every art piece you are aiming to collect in person. It will give you a better impression.
Try art which has become a bit obscure. You can go for the contemporary ones once you have gained in experience.
Have a budget to buy your dream art and be aware of the hidden cost like insurance, shipping and framing charges, buyer’s premium at an auction, etc.
Talk to an experienced collector about an art work’s price
Have a thorough knowledge of factors that can affect an art piece, like the nature of the market (primary or secondary), the medium of the art, the period of the art, whether it is rare, etc.
Visit art fairs, go through art books and grow a taste of watching creativity of new artists.
Do some auctions before you make a bid in one as a confident customer
Don’t get rid of the documents – no matter how small they are – after you have bought your first art piece. They include even the smallest receipts.
Seek a discount from a dealer while buying an art work
Make space at your home wall beforehand so that the art can be displayed conveniently.
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