It can be challenging to figure out your preferences and suitable values when first becoming an art collector. You will continue to grow and obtain all the essential tools for success if you invest in learning, preparing, and building your expertise and connections. To help you on your journey, here are some essential tips for emerging art collectors and information on how to start collecting art.
Discover What Type of Art Speaks to You
When you’re first starting, you may not know exactly what type of art you like. You should visit museums, check out art shows, and browse art history books to get a feel for what’s out there and what speaks to you. The more art you explore and view, the more you’ll be able to find your preferences.
Do Your Homework
You’ll have to put in the effort to study the art market to receive a reasonable price and learn what’s desirable in the art community when you’re beginning art collecting. Read all the auction catalogs, gallery websites, and art collecting books you can find, and get guidance from dealers and other collectors you respect. Find out how much different artists and galleries charge and go to art fairs to see what others collect.
Pay Special Attention to Emerging Artists
Emerging artist works have a considerably higher financial upside than pieces already valued in the upper five and six figures. You can track milestones like their first solo show, first significant collaboration, and even a considerable success at a major auction house if you invest in new artists as well. The more support these artists receive, the more likely they are to reach their potential.
Set Up a Budget
Knowing what you’re willing to spend will also help you narrow down your choices. Prices get influenced by various factors, including the rarity of the item, the mediums employed, and the time of the artist’s career in which they made it. Insurance, shipping, frame, buyer’s charges on auction purchases, and specific care instructions are things you should consider as you budget. Remember that buying directly from an artist will be more affordable than going through a high-end gallery or auction.
Don’t Buy Only With the Intention To Sell
One of the essential tips for emerging art collectors is to focus on works you love rather than works you think others will like. While some art can undoubtedly offer excellent resale value, bear in mind that a work of art will live at your home, and you should choose pieces you like rather than what’s trendy. The art you choose should reflect yourself, and pieces that you enjoy will supply more intrinsic value to your life.
Now that you know a little about how to begin collecting art, remember: the more experience you gain, the better you will be at selecting the right art that appeals to you at the best possible price. Consider a bronze rhino sculpture as an elegant piece that will stand out in any room and act as the perfect conversation starter. Feel free to contact me with any questions about one of my pieces.
