Tuesday, October 23, 2012

First-time art buyer? Here’s what you need to know

The world of art may seem unapproachable from a distance. Yet, it can be very interesting to slowly dip into the art pool and start a collection, even if it means owning only a few pieces. You’ll find yourself learning more and more and wanting to keep getting more pieces as you move along and become more knowledgeable.

Figuring out the motivation.
What moved you to start buying art? Figuring out these kinds of things will make you choose the piece/s that better fit your needs.
Are you looking to invest? Buying contemporary art is a way of putting your money in a safe place while you still enjoy it. It will most likely increase its value as years pass by.
Is there a room in your house that needs new decoration? It will depend on the kind of decoration that you already have or if you are looking to make a very exclusive room, style-wise. You may look for a very large piece or maybe something not that big but really colorful to accentuate its presence.
Did you start reading about contemporary art? Getting into those kinds of readings can get the art-bug going wild and inspire you to get a piece of your own.
Are any of your friends or acquaintances really into buying art and shared with you their interest? A lot like reading about art, talking to people you know that already buy art can be quite exciting and alluring.
Any road that drove you to this point is good, because at the end of the day, you’ll have an art piece that sits in your house for your enjoyment.

Why contemporary art?
Contemporary art ranges from the 1940s to our current time, so you can imagine the various forms that took over the last eight decades, plus it’s the kind of art that most reflects the social and political views of our society.
Another reason why contemporary art is so exciting is because the ever changing times in transport and communications have allowed us to have access to every corner of the world.

Learn your stuff
It´s important that you figure out what type of art you’re more inclined to buying. Like we said, contemporary art ranges from abstract pieces to pop art nylons, all the way to every kind of sculpture. It depends on what you like and what you need (if for example you are trying to decorate).
A good way to learn is to actually go to the galleries. Don’t let than environment intimidate you. Some people think that you are only even allowed to go in if you are very knowledgeable in the matter. That’s not true! Plus, you have to start your knowledge somewhere! Galleries are a very good place to meet people that can introduce you to these subjects and share their views.
Another way of getting in touch with contemporary art from a research point of view is to attend art fairs. They take place in the biggest cities in the world a couple of times a year and it’s the perfect environment to see gallery owners from all over the world and even get to know the artist themselves sometimes.

Lastly, stay away from auction houses
Getting into the auction world can be quite exciting. However, if you’re a first time buyer, you should better stick to buying directly from galleries. Auctions tend to overprice the pieces and focus on more famous artists. This way, you may be overlooking at emerging talents that can turn out to be the next Jackson Pollock and get their pieces for a lower amount.

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