Where To Begin To Begin Collecting
Art is more than just an interest or décor, it is beyond an adornment on the wall and so much more than mere aesthetics. It is a reflection of the society of those times, a coming together of cultural elements and a social commentary. Art collection is more than a mere hobby, it is a passion, a way of living.
An interest in art, when begins to graduate to the level of a passion for collection, it is wise to keep some things in mind and then venture into this exciting world.
- Make sure that when you buy an artwork, it is because you love it.
- When you buy, buy the best you can afford, without compromising on the condition, quality, rarity and provenance of the piece.
- It is important to do your own ground work, but never back down or hesitate in asking for advice from the experts in the field.
- The prices of artworks are unpredictable and rise and fall. It has, however been noticed that the pieces bought for the love of art, acquired and held for a longer duration of time have been the most successful buys and have brought in significant monetary returns too.
Before making a decision to buy art and choosing a gallery, dealer or auction, there are a number of things that need a lot more thought than most new collectors care to spare. A number of preparatory steps need to be taken and some factors need to be considered as a part of the decision making. To begin with, you have to understand that the artist is one of the most decisive figures while estimating the value of a piece of art. It is important to know whether the artist has a considerable track record at auction, or has showcased works at respected exhibitions regularly, and has the works by the artist been loaned to or purchased by any museums or galleries of note. These factors indicate the measure of success that the artist has been enjoying. The experts in the field are more than happy to share all this information with whoever is interested, hence this task is not as mountainous as it may seem at first glance.
If the artist is of great repute and value, don’t be too hasty or taken in by the sheer glamour of owning their work, the artist may be very important, but is certainly not the only important factor to be considered. The medium of the painting plays a big role in determining the cost, e.g. works in oil are higher priced than those on paper, which in turn are more expensive than the prints. The condition of the piece that you are interested in is of major importance in determining the final value, sometimes the most important factor for particular categories. If possible the collector should take a closer look at the condition of the piece. Additionally it is advisable to ask for a condition report from the auction houses, which ae easily available on request.
Enquire about the period that the work belongs to, whether it is from a period that was the artist’s peak or a period of obscurity. Is it a style the artist is famed for or is it something the artist is usually not associated with? Quality always takes precedence over most other factors. It is better to acquire a great work of art by a lesser known artist than a badly done piece by a popular name.
It is important to consider the freshness of market in context of the artist. It is preferred to acquire or buy pieces that have not been on the market for a long time. The whole experience of discovering and acquiring something rare that might have been lying deep down in the long forgotten treasures is what the collectors look forward to.
The provenance or the history of the artwork is shrouded in the mystique of legends. The history or story that the artwork has lived through is a big factor in the stir that it causes amongst the collectors. These legends are not factored in the value of the pre-sale estimate, but the perceived value of each legend of ownership of any piece is very personal and may affect your drive to acquire it.