A Strategic Guide for New Collectors
Peggy team on October 20, 2023
When stepping into the world of art appreciation, whether you're an avid observer or a potential buyer, the prospect of acquiring artwork can be daunting, even if you have the financial means. So, where does one begin? In our conversations with collectors, a recurring piece of advice surfaces: acquire smaller artworks, from emerging artists, or works on paper. These pieces often offer an enticing entry point, with reasonable prices beginning around $500 or even lower, provided you exercise diligence and research.
Peggy Tip: Until October 25th, works from Pablo's Birthday in New York are up for auction starting at $50. This is the perfect price point to start your collection!
Here are some things to keep in mind as you start collecting:
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Frame Consideration: It's important to note that when acquiring works, you can typically exclude the frame from your purchase. While enhancing the presentation, the frame is often considered separate from the artwork and can be expensive. You can always frame a piece down the road.
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Opt for Modesty: Explore galleries' offerings slightly below the top tier to discover hidden gems at more affordable rates. Or, collect from artists who don't yet have gallery representation. Taking a chance on an emerging artist can be a meaningful choice that allows you to follow as their career blossoms.
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Medium Matters: Familiarize yourself with the artist's typical body of work. If they primarily specialize in printmaking and the piece you're considering is a print, you're likely in for an authentic representation of their artistic prowess. However, if the artist is primarily a painter and the work is labelled as a giclée (an inkjet print), be aware that it may serve more as a high-quality reproduction than a true work of art.
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Caution with Words and Slogans: While works with textual elements may provide momentary amusement, remember that their novelty can fade over time. Consider whether you're willing to engage with the same words or slogans repeatedly.
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Personal Connection: Ultimately, choose pieces that genuinely resonate with you. It's easy to be swayed by trends, artist fame, or perceived coolness, but the most rewarding art acquisitions continue to inspire and captivate you, becoming integral parts of your living space.
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Appreciating Texture: Even seemingly "flat" images can exhibit texture, showcasing the richness of different ink types, the marks of the process, or colours that may not be accurately conveyed in online representations. Each piece of work is a cumulation of the artist's touch—an exciting thing.
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Avoid Speculation: Resist the temptation to speculate on art as an investment. While there's a chance you might stumble upon the next rising star, this is exceedingly rare. Buy art you love and want to live with above all else.
Embarking on the journey of art collection can be a smooth experience. By following these strategic tips, you can confidently navigate the art world, making informed choices that align with your taste and budget while avoiding common pitfalls. Happy collecting!