11 07 / 2021

Quick Tips for First-Time Art Buyers

To decorating living spaces is a one of a reason people begin to collect art. But the world has already changed, reports and researches reveal Art is important to your life in many dimensions, investment, lifestyle, wealth and economic indicators or other reasons. Art makes people feel different from another, these are some of the reasons why collecting art is important.

With plenty of artists of diverse practices to discover and learn more about. Buying the first artwork can be an intense task, especially if you don’t know what to buy, where to buy, or how to buy within your budget. If you have never acquired a work of art before, these 3 basic advices may help you consider before making that decisive purchase.

Quality Not Quantity

Buying art can be quite addictive once you really get into it. However, the best thing is to not get too over-zealous. Take your time between buying works, you might find that what you bought six months ago is no longer to your tastes. Also, remember that even if you really love a work, it is always better to buy a work that is in good condition – having to restore a work in poor condition can drive up the cost of it significantly.

Weigh Up Your Risks

With any form of investment, higher returns are often tagged to higher risks. You may see or hear of other collectors buying young emerging artists and making a good profit reselling them later – and it’s tempting to follow suit. However, we strongly recommend that art should not be purchased for pure investment. You need to like the artwork, be willing to live with the piece, and believe in the artist’s career. If you’re completely new to the field, it’s better buy something a bit more conservative and collect the tried and tested favourites.

Keep Certificates of Authenticity

When you purchase a work of art, the Certificate of Authenticity is crucial to prove that the work is indeed authentic. The document will come in handy when you need to insure the work. Plus, you never know when in the future your art collection may grow to a point that you decide to donate or sell certain pieces. The loss of the certificates may cause great trouble in the future.

 

And here’s an introductory guide for anyone interested in starting an art collection. But the professional path is something you need to practice and learn more about. Take time to gain experience. Who know? you could one day be the most valuable collectors.

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