Art collecting is a rewarding hobby, but it’s important to understand how to buy art in order to make the best purchases. To help you with this, here are some tips on how to make a good investment.
Art Collecting 101: Tips on How to Make a Good Investment
If you’re just getting started on your art collecting adventure, there are some things you may not know. Here are some helpful tips for beginners who want to learn more about art collecting.
Tone:matter-of-fact and professional
Art collecting 101 is a blog where you can learn everything you need to know about art collecting. We cover every aspect of art collecting and provide helpful tips for all levels of buyers, whether you are just starting off or you have been collecting for years.
We bring you the latest news that is relevant for collectors and we also review new auctions and exhibitions. If you want to learn everything about art collecting, this is the place to come!
Art collecting is a fun activity for many people. The thrill of the hunt and the joy of owning original artwork is a hobby enjoyed by many. It can be an expensive hobby, however, which means that you should educate yourself before you invest in art. Here are some tips that will help you make informed decisions about collecting art.
This blog is a great place to start. It has information about how to spot reproductions, how to make sure your piece is authentic and much more. It also includes a list of common mistakes that new buyers make so you don’t fall into those traps as well as a list of things to look for when buying art.
The author of the blog, who goes by the name “Collecting Art”, was at one time an art dealer. She now works with people who want to sell their original pieces or begin art collections. She knows the ins and outs of owning original pieces of artwork and is happy to share her knowledge with others who want to get started or expand their collections.
Art collecting 101. There are many ways in which art can be an investment. But in order to get the most out of your collection, it is best to consider a few things before you start buying.
Art is created primarily for the artist, not the collector. This seems a statement that requires no explanation, but it is one of those things that will become less obvious as we go on to talk about a lot of other things. The reader should not think of art as a commodity, but rather as something deeply personal to both artist and collector. There are several reasons why this is a good idea. A primary reason is that sometimes the greatest masterpieces are made by people who have no idea what they are doing, or who do not have any other motive than expressing their deepest thoughts and feelings through their work. And because art is sometimes so personal, it can be difficult to invest in without becoming emotionally attached.
Art collectors are often like investors in the stock market: sometimes you want to step in and buy when everyone else is selling, and sometimes you want to sell when everyone else wants to buy. This too seems an obvious statement, but there is a corollary that does not seem so obvious: which direction you should go will depend much on whether you are
One of the most common mistakes that people make with their art collection is that they buy art just because it is pretty. While this may be a good reason to buy a piece of art, it is certainly not the only one. You should think about how much you are willing to spend on a piece as well as what you expect in return.
It can be very tempting to buy a piece simply because it is gorgeous, but if you do not know where to put it or what you will do with it once you get home, it can be an enormous waste of money. Consider that if you want to find the right piece, you may have to spend hundreds or even thousands of dollars on something that will fit in your home and look nice against your walls. Are you willing to spend that kind of money on something without knowing if it will fit in with the rest of your decor?
You will also want to give some thought to whether or not you want a painting or sculpture that is original or whether there is a print available instead. Many professionals recommend prints because they are usually cheaper and sometimes even more beautiful than the originals, while still being true works of art. If you cannot afford an original, then getting a print might be the best option for your budget and taste
One of the most important things to keep in mind when you are collecting art is the type of value you will get from the piece. If a piece of art is worth millions, this does not necessarily mean that it is the best choice for you. Keep in mind that an artist’s ability to sell his or her work at a higher price has nothing to do with how good or bad the work actually is.
A better way to look at an artist’s work is by its value. Value refers to how much money you will recover from the piece over time. The more valuable the art piece is, the more money you will make from it over time.
For example, let’s say you have two pieces of Picasso paintings, both from different periods in his career. One sold for $20 million and one for $2 million. Obviously, the $20 million painting is worth more than the $2 million one right? Wrong! The worth of these pieces is measured by their value, and this means that if you put them up for sale today they are likely to sell for around $5 million each, which means they are both worth around $10 million.
The lesson here is that when buying art always consider what its value might be tomorrow or next year as
Don’t take my word for it – check out these articles that discuss the art market and its trends:
Art Market Report: http://www.artfact.com/news-features/market-reports/art-market-report
Art Basel Miami Beach: http://www.artbaselmiamibeach.com/
Art Market Trends 2013: http://www.forbes.com/sites/quora/2013/12/11/art-market-trends-2013/