5 Things Every New Collector Needs To Know

Collecting art can be called an art in itself, and I must say that there is no right way to buy art! Art is a personal thing and you should always buy something that you love or that inspires you. Yes, there are many styles, names, trends and some art is growing faster than others. Art can be very popular and people may be talking more about this artist than him. But somewhere between good wine and investment is where you can find great art.

Art as an investment

The foundation of art as an investment is that you buy a piece of art that you are passionate about and over time the artist, gallery, or art house will start selling that artist’s work at a higher price. That’s what you paid for. Voila! You now have equity in your art segment, given how fast the equity grows and there are many factors that demand that particular artist. A friend of mine sometimes uses his collection as currency, trading in artwork for other things he needs. He has used this method to buy cars, pay bills and have dinner. The real value in art is finding other people who are as passionate about that artist as you are. Therefore, if you have the right pieces of art, you can share it with the world and take advantage of it. Corporations, museums and travel exhibitions lease out these types of artefacts all the time, providing a source of income for the owners. But if you want a guarantee on your art purchase … then I advise you to buy art for love, you will always get your value from it.

Do your research

Spend some time learning about art and artistry as both trends and popularity can be misleading. Whenever possible, purchase art in person and get to know the artist better. Ask them out well if they are no longer absorbed in the connection. Ask them out well if they are no longer absorbed in the connection. At some point, you can plan to buy another piece of art and it would be nice to know if there is anything else in that style. If you enjoy talking to artists, try to find out if they are performing full-time, where they are performing, and what projects are coming up. Many artists sell studios, which helps them control their inventory, sell one-time pieces and earn them extra income. Knowing when the studios of these artists are being sold can usually save you a lot of cash, as well as you can hang out in the studio. Search can be a collector’s best friend.

Collect with focus

This is difficult for new collectors as they have not yet set any criteria. You don’t have to limit yourself to just one type of work. Focus on one style or two or three styles, it will help you to create a really good collection. This type of collection helps make it easier to identify the items you want to purchase.

Correct title transfer

Any reputable art dealer or gallery should provide you with things like product, status, artist information along with signature, history and edition numbers.

The documentary is king

As a collector, you should have all the documents for your collection. Because anyone needs to evaluate your collection, they should have a very good understanding of all the pieces. Start with a list of all the works, descriptions, sales price invoices, purchase dates, and subsequent appraisal prices from the first artwork you purchase. This is a good practice and will save you a lot of headaches in the future.

One of the easiest ways to learn more about an art or artist is to ask questions, have fun, and gather happily.

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