5 Surefire Tips For Avid Art Collectors
If you are an aspiring art collector, expect an exciting journey ahead. But the road can be daunting at the same time, and even established collectors may fall short of the right decisions. Success is all about being ready to learn, develop your skills, and build relationships along the way. The art world can be overwhelming for a beginner, but the right skills, tools, resources, and relationships make it easy to navigate. Whether you get ready for your first big purchase or buy down the line, here are some surefire tips you can rely on.
Identify your tastes
As a collector, you want to pick pieces you will love forever. Everything boils down to knowing your tastes in art instead of following trends or people. The best way to do it is by understanding your visceral reaction to artwork. If something speaks to you, it is worth buying. You have to invest an effort to get a true sense of your tastes. Visit museums, check galleries and scour pieces online. Pay attention to subjects, styles, and mediums you feel connected with.
Set a budget
Collector's art is expensive, and you may have to shell out big money to build a collection over time. Experts advise setting up a budget at the start. When you decide on the budget, you must think beyond the price of the pieces. Consider costs such as framing, insurance, shipping, special care, and buyer’s premiums on auction purchases. Move ahead only when you are financially prepared.
Know the market
Avid art lovers should do their best to know the market to get an idea about the value and fair market price. Learn more about your options, such as buying directly from the artist or picking from a gallery or auction. You can check the work of artists like Julie Blackmon, Homegrown online or visit a gallery that offers art services like framing and curating. Look at the right places to find the best artwork within your budget. The more you explore, the better you get!
Build relationships
It is good to be social in the art world because relationships with curators, collectors, and galleries can help you in more than one way. You can get information on new trends and upcoming artists. Moreover, you may find opportunities to pick some incredible pieces at a budget price. Support art, attend key events, and network on social media to connect with the right people.
Seek an advisor
Beginners can go a long way with the support of an art advisor. These consultants offer a wealth of knowledge, experience, and relationships in the industry. Before hiring an advisor, factor their fee into your budget. You may have to pay them a commission or hire them on a retainer. It may be an expense, but consider it a long-term investment to build a remarkable collection.
Becoming an art collector requires more than a keen eye for aesthetics. You must know the market well, budget carefully, and build relationships as you learn the ropes. Even better, find a consultant who can show the way.
