As children, many of us have found a hobby in collecting stamps, coins, or postcards. In contrast, some people take this hobby a step further and become art collectors. It may become an expensive hobby, but it can also be rewarding if done correctly from the beginning. Therefore, we have put together a beginner’s guide to buying valuable art to help you get started.
Find your style before buying valuable art
Whenever you want to start collecting art, finding your style first is essential. You should only purchase pieces that represent you and that you can connect with. Thus, start doing some research into the types of art:
- You can visit art galleries or studios and educate yourself. Don’t be afraid to ask questions. Curators love to engage in discussions about art, plus they are a great source of information.
- Libraries are also a great source of inspiration, especially for people who enjoy reading about art history.
- Research online, the Internet is the greatest source of information of our time.
After you acquire a clear view of what type of art you enjoy the most, you can take the next step in the beginner’s guide to buying valuable art.
Set a budget
Some of us tend to get carried away when buying things that we like. When it comes to art, things can get out of hand even more. To ensure you avoid unpleasant situations, set a budget for spending. This way, you will make sure you buy the art you like at a fair price. After all, you want to make a collection, not stop after your first piece of art because you can’t afford to buy more.
Find the right places to buy art
This is one of the critical steps in ensuring you buy authentic art. Art fraud is flourishing, especially online. Research as much as you can about your art provider to avoid unpleasant situations. For example, you can ask for authenticity certificates. Also, you can request a contract that states that the piece is genuine and includes terms that protect you in the event of fraud. When searching for the best places to buy art, in addition to art galleries, you might want to look for art fairs, studios, and auctions. Most of the time, buying directly from the source is the wisest decision. It removes any doubt about authenticity and value.
Buying from art galleries
One of the safest places where you can buy valuable pieces of art is galleries. They keep records of all the art pieces ever exposed, and they can guarantee authenticity. Another big plus is that dealers in art galleries are usually open to negotiation. You can get up to 20 percent off of the initial price. At the same time, keep in mind that the artist you are buying from receives only half of the amount, with the rest going to the gallery.
On the other hand, some art galleries might make it more difficult for first-time buyers to obtain art from them. For example, even if you can afford a particular piece, the dealer may refuse to sell it to you. This is because they sometimes seek customers with a so-called “pedigree” who purchase expensive pieces regularly. This can create some discomfort for a beginner but don’t take it personally, and always try again.
You should also pay attention to whether or not the price is listed and whether or not the piece has a red dot. If it has a dot, it means that it has been sold.
Looking for art in studios
Some artists invite potential customers into their studios to see how they create. It’s a fantastic way to meet the artist and discover how your favorite piece of art was made. Furthermore, you can buy directly from the source, which can mean better prices and the opportunity to negotiate.
Art fairs and auctions
Art fairs are a fantastic way to see what’s new in town and what the prices are. Even if an art fair might be pricey at first, prices generally drop at the end of the event. Moreover, dealers are more approachable at fairs than in galleries. It is a less formal event, and they are more open to engaging in discussions. Don’t miss this opportunity to ask questions.
On the other hand, auctions are a different story. For example, you never go to an auction unprepared. Always do thorough research and ask more experienced people for help. Even if it might be confusing in the beginning, auctions can be fun. There is a bit of show and entertainment to them that can get you hooked. Yet, you should only participate if you can stop yourself from going over your budget. Keep in mind that auctions can be fun but dangerous for your pocket.
Protect the art you buy
Another essential thing to mention in the beginner’s guide to buying valuable art is to protect the artwork you buy. Insuring your art is vital, especially if you are collecting as an investment. You never know how a painting might get damaged or stolen. Protect yourself and your art by insuring it.
Prepare your home for art
If you are planning to hang wall art in your home, make sure you consider some details. For instance, try not to hang paintings over the fireplace. Heat is an essential factor in the deterioration and aging process of canvases. Also, avoid placing them on exterior walls or near windows. Humidity is also incredibly dangerous when it comes to paintings. Instead, choose to expose art on straight walls, at eye level, and with proper framing.
How to keep valuable art safe if you are relocating?
If you are moving to another home, ensure that your art is in good hands. Making sure it is properly packed and transported safely to the new location can be time-consuming and stressful. The easiest way to relieve yourself of this burden is to hire residential movers. Bring in professionals to help you transfer to your new beautiful home and enjoy a carefree move.
Entering the world of art collectors can be difficult but also satisfying. It requires a lot of research, tact, and sometimes good negotiation skills. Make sure you have a promising debut by following our beginner’s guide to buying valuable art.
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