So, you want to collect art. The good news is that in the entirety of history, there has never been a better time to be an art collector. The bad news is that this is also the worst time ever to be one.
While with modern technology reaching unprecedented heights, it has become extremely easy to find art you will love at almost any budget and acquire it, forgery and art scams have become extremely prevalent as well. To help you start your art collection right, we have prepared these three basic rules you must keep in mind at all times.
Want to Collect Art? Keep in Mind These Three Important Rules
Less is more
When starting to collect art, it is incredibly easy to get overwhelmed by the sheer amount of art that exists in this world. This might lead you to make impulsive decisions that you end up regretting. Before buying a work of art, give yourself some time to think it over. Does the artwork fit your already existing collection? Would you buy this artwork if it were significantly more expensive? And, finally, will it be as good of an investment in the next couple of years? If you are struggling with making a decision, you can always ask for the help of an expert art advisor.
Take collection management seriously
Before you start building your art collection, think about how you will take care of it. To properly care for the collection, you must have a designated storage space, either in your home or in a fine art storage facility, along with an efficient collection management system. It is best to consider all those things before even thinking about buying your first piece. We go in-depth about this topic on our blog, so check it out for more helpful info.
Do not shy away from professional assistance
It is not uncommon for beginners to struggle with things like art collection maintenance and management. However, this does not mean you have to struggle alone. There are plenty of specialists, from art appraisers, advisors, and dealers to art handlers and installers, who can help you build a great collection and ensure its longevity.
While there is a lot of nuance to art collecting, you will learn more about this craft along the way. Remember these three rules and let them guide you on your first journey into the world of art.