Do's and Don'ts of Starting an Art Collection
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Do: Determine your priorities
What is your motivation to purchase a piece? Are you looking for an opportunity to add some style to your office or home? Is the art for investment purposes? Or
Perhaps a bit of each?
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Collectors typically say they fall in love with an artist or the reason behind a collection. However other factors may be a factor in a collector's love affair, and that's fine.
You should be proud of the work you choose and should not be you are being pressured to purchase something that doesn’t resonate with you.
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If you're interested in acquiring a major work that will appreciate in value, an art advisor might make sense to assist you in finding the most valuable works by
Leveraging their art world connections. Figuring out what's the most important to you can help you stress down the line and allow you to focus on
Only focus on the things you consider important and ignore those that aren't.
Do not limit your collection of prints to one or two prints
Although some argue that purchasing prints in multiples is the best way of starting an art collection, this advice is not a good idea.
Prints by famous artists may offer access to bragging rights ("I have an Picasso," etc. But there are many other emerging artists whose original artwork is equally as great.
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The prices of paintings and sculptures are affordable, which could allow for greater bragging rights in the future. ("I bought an art by").
X before they blew up," etc. ).
