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Woman at Art Gallery

Art Collecting

Is there a difference between buying art and collecting it? According to art collectors, there is a huge difference. People that collect art are committed to much more than just owning nice things. They believe in the arts and want to show their support with their own hard-earned money. They want to solidify their own place in the progression of art history. And if they are really ambitious, they want to actually shape art history, as many collectors have over the years. Art collectors claim that their quest to find art is far more than just a hobby; it’s a lifestyle. If you are interested in having your own art collection, here’s what you need to know to get started.

Getting StartedArtist painting by windows

It’s a myth that you have to have a lot of money to buy art. It’s also a myth that having an art collection is just a monetary investment. Although good art can certainly be worth something in the long run, it’s not like owning stocks or other assets. Art isn’t easy to buy or sell and it certainly won’t make you interest over time. So if you’re interested in having an art collection purely for monetary reasons, you might want to reconsider.

Knowing where to start is perhaps the most difficult part of collecting art. These days, there is so much available that you need to focus on a certain category or genre. You could narrow your sights to a particular artist, a period of time, an idea or concept, or a form of media, such as sculpture or oil painting. It’s a good idea to go with what interests you as opposed to what you think has the most value. And don’t worry, you are free to grow your collection in whatever way you see fit. For instance, if you start off collecting portraits and then fall in love with a still life, there is no one stopping you from buying it. In fact, you might even find unique ways to bridge the pieces in your collection. You’ll notice that many galleries these days feature exhibitions that don’t have one singular defining quality.

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The most important piece of advice to consider when becoming an art collector is to buy pieces that you love. If you don’t love it, it’s not worth spending anything. Remember that you will have to live with the artwork in your house day in, day out and if you don’t love looking at it, you’re in for a long haul.

It’s absolutely necessary to do some research before you buy. You might want to look into the auctioning process and compare pieces in your price range. Auction houses feature a lot of valuable information about starting and growing an art collection on their websites. Some of the most popular auction houses in the world include: Sotheby’s, Los Angeles Modern Auctions (LAMA)Doyle New York and Swann Galleries. Checking out the pieces that are on offer and their listed prices is a good way to do some research into what you can get for your money.

One mistake that collectors who are just starting out often make is rushing to acquire too much. Remember that buying art is a process that requires patience. Don’t settle for something that you’re not 100% happy with. It’s a better idea to find individual pieces that you are happy with than to rush into buying a lot of pieces that you don’t absolutely love. And before you buy, always try to envision where you will keep your art. You wouldn’t want to come home with something only to realize that you have no space to display it.

Benefits

Collecting original artwork has many benefits. The first and perhaps the greatest is the feeling of satisfaction that you get when you look at a piece that you really love. Many people balk at the cost of art but they don’t realize how enjoyable it is to look at a really special piece every day. Adding pieces of art that you are passionate about to your surroundings is a good way to improve your sense of well-being in your home. Art can relieve stress and help to take your mind off of your job or other worries.

There is also the thrill of the chase that occurs when you finally find a piece of art that you are interested in. Collecting art can be a slow process, but patience always pays off. Knowing that you held out for something but that it was worth it in the end is a great feeling.