5 Tips for Becoming a Savvy Art Collector
Across our twenty years in business, we've had the pleasure of learning from some of the savviest collectors around. Here are there five top tips to becoming a successful art collector, no matter your taste, budget or experience.
1. Consider the Medium
Drawings and graphics can be an optimal avenue for savvy collectors. Generally less expensive than paintings, works on paper can allow a collector to buy from famous artists while staying within a budget. Significant Australian artists such as Charles Blackman and Garry Shead offer a rich and extensive canon of graphics and drawings.
Charles Blackman - 'Titania + Bottom II'
2. Support Contemporary Talent
Works by up and coming artists are more generally affordable than that by established artists. Plus, new art is exciting! Thus, supporting contemporary talent is not only affordable, it can enrich your collection by giving it an edge.
Philippe Le Miere - 'classic wizard of oz magic ruby shoes'
3. Only Buy What you Love
This applies to all collectors, no matter your budget. However, if buying art is a big decision it is especially important to ensure you love what you buy. As the old proverb goes, art is long, life is short.
4. Work With your Dealer
Clever collectors cultivate a relationship with their dealer. They get connected to gallery news feeds to keep up to date with new art . Let your art dealer know what your tastes are. At Art&Collectors many of our collectors most treasured pieces have been acquired using our consultancy services. And when opportunity knocks and you need to find the money, consider helpful payment solutions, such as ArtMoney.
5. Trade Up
Like most things, our taste in art is constantly evolving. If you find yourself in love with a work of art, consider trading it for an older work from your collection that perhaps doesn’t move you like it used to. Savvy art collectors trade up. So, if your tastes have changed you can try reselling works to buy new ones. It’s the cycle of art.