Tips for start-up collectors
Buying art is a big step, especially for the first time. The initial artwork, no matter the size or expense, will affect your environment and more than likely set a tone for the works that you choose to collect next.
Here are a few suggestions and practical tips you can run through to put yourself at ease before taking the plunge.
money honey
The best judge of what is right for you is you. If you are going for a name that is already established the price will reflect not only the work but the artist's track record.
shop around
Galleries are a great place to start, but there are many more places to see art. Degree shows, open studios, internet galleries, art fairs, art magazines and even eBay are alternative places to start. Wander around for a bit and figure out what you are drawn to and why. Is it the subject matter, a particular medium or a more personal response?
private eye
Find out everything you can about the work you are interested in. Start with the obvious: artist's name, size, price, materials used. Is the work original? Find out a bit about the artist. Where are their other works? Private collections? Museums? Don't be afraid to ask questions, people are usually willing to share their knowledge.
work placement
Think about where you will put the work. Are you buying it to hang and if so, will it fit in your loft apartment or terraced semi? How will it fit in with the surroundings? Consider lighting. Consider the investment value of the work. Consider insurance and possibly storage.
movers and shakers
If the work is small then you can usually move it yourself. There are also professional movers and art storage companies. The gallerist or artist can usually offer alternatives or may be able to organise shipping/delivery for you.
I've met the Met
Keep a record of all images and paperwork. The Metropolitan Police is the only police force in the world with a section devoted to art fraud and theft. They have very simple guidelines including a list of all documentation you will need. Visit www.met.police.uk/crimeprevention/art.htm for details
Related links
- Start-up collector tips
A few suggestions and practical tips to put yourself at ease before taking the plunge. - Contemporary Art Listings
Where Blood members find art: Galleries, art fairs, art schools/degree shows - Money matters
You don't have to be rich to buy art: Art purchase schemes and how to get an insight into the art market. - Show and tell
We asked Blood members and other collectors to show us a piece from their collection and tell us how and why they bought it. - A personal view
Interview with a collector.
