Buying art comes in many forms.
This is something that we can begin with a few dollars or thousands of dollars. However the process, whether we spend a large amount or a small one is essentially the same. There are four main steps to buying art, and there are two main ways of going about it that you might consider. The first way is that of buying randomly, whatever takes your fancy. The second is that you spend some time, do some research and take an ordered approach, so that you end up with the best possible outcome.
Step 1: The first thing you need to think about is what kind of art you like and whether or not you are only collecting art for your own personal enjoyment or whether you are investing with a view to buying and selling the works and make you a profit. You also need to put some thought into what kind of art really speaks to your soul, particularly if you are following the first approach to collecting. You don’t want to invest in something you will get tired of quickly. There are so many different types of art these days, from paintings and sculpture to digital artwork and installations. On top of that there are all the different artistic styles – do you like contemporary abstract painting, or are you a fan of photo realism?
Another thing to think about is whether or not you want to spread your investment over a range of different types of artworks, as suggested above. Some collectors take this approach as they feel they are not putting all their eggs in one basket so to speak.
Other collectors, ones that have an open bank account, may specialize in collecting a particular art genre like Old Masters.
Step 2: This step involves a lot more. When you have decided what kind of art you wish to collect you now have to search for and select the individual artworks that you would like to add to your collection, that are aligned with the guidelines that you established in Step 1. To be able to do this you will need to dip your toe into the mysterious and fascinating world of art dealers, art galleries, artists and the art community in general. You will need to familiarise yourself with the buyer’s role in purchasing art, if you are looking at putting together a serious collection which will grow in value over time.
In a future blog post I will go into steps three and four and look at steps one and two in more depth. However you have enough information to begin the process with steps one and two.
This Weeks Question: How much thought have you put into establishing or growing your art collection?
Look For Next Week’s Post: What is the biggest colour challenge for artists? Colour workshops coming up.