A Beginner’s Guide to Collecting Fine Art
Starting a fine art collecting can be daunting, especially if you don’t know where to start. It’s important to invest time in pieces that you like, as well as in those which are valuable. There are so many routes in which you can venture into; it’s wise to know where to begin. With that said, it’s equally important to protect your art with quality insurance. To know where and how to begin collecting art, read on.
- Determine What You Like
Your passion for collecting art can last a lifetime if you enjoy the pieces. Let your creative side take over and get inspired by each piece of artwork. Your personal style and taste should be reflected in what you buy, rather than just buying art because you think it may be of value. Visit studios, galleries, and art fairs to get a better sense of the type and style of art you like.
- Choose a Direction
Generally, a fine art collection will have a common theme or genre running through it. For example, you may choose to collect sculptures, paintings of landscapes, or black and white photography canvases. Ideally, your collection should all go in the same direction.
Before you buy an expensive piece, take your time to research it. If it’s a well-known artist, you can look up past auction prices to get a better understanding of the price you should be paying. If it is by an up-and-coming artist, find out who sells their art and learn about their reputation.
- Store it Safely
It’s important to make sure your artwork is stored properly to ensure longevity. You’ll want to handle the artwork with care, place it in a safe spot, invest in proper framing, and clean it with delicate materials. You’ll want to ensure your collection is covered by your home insurance policy, too.
- Keep Good Records
Make sure to write down the name of the piece you bought, the artist, and how much you paid. Keep a log of receipts and any appraisals.