When starting an art collection, purchasing art can be a very daunting task. Many find the idea of it intimidating and overwhelming. However, the truth is that it doesn’t have to be that difficult. There are all kinds of ways in which art collecting is open to everyone…one just needs to take that first step. Art isn’t always a $10 million painting and you don’t always have to find it in a gallery in New York City. This post is going to share some tips on how to begin your journey down the fun path of collecting art.
Julia Fernandez Pol, Reef Series 8, 23.5″x 18.5″, bas-relief hand painted monoprint
Tip #1: Buy art you like/love/couldn’t live without.
This is the first thing any collector will tell you. There is nothing like a regretted purchase, especially when it comes to art. That is why it is strongly suggested that you buy works that really speak to you. When buying a work of art, you want to make sure that it is something that you will still want to look at after it’s been on your wall for some amount of time. Works that make you stop and notice something new in them every time you look are the best kinds of works. If you see a piece in a gallery and you can’t stop thinking about it or continuously go to see it, that’s probably the art collector inside telling you something. At Morton Fine Art, we have the option of taking art works out on approval so that you can hang them in your home/office for a short period of time to get a feeling of what it would be like living with the piece.
Charles Williams, Self Portrait with Goggles 4, 10″x8″, oil on mylar
Tip #2: Artwork doesn’t have to match your sofa. Or other pieces in your in collection.
This is a good follow up to the “Buy art you love” tip. It can be a touchy subject as on a few occasions, some people have come into the gallery looking for something to match a piece of furniture or a wall in their space. While it is really awesome when works of art match, it can stifle the creative freedom that makes art collecting fun. Buying your first piece of art doesn’t have to dictate the direction your collection will go. You can mix landscapes with figurative works, abstracts with realism. For example, works on paper are a great way to keep In the end, it’s really about how they make you feel. Your art collection is a story about you and the experiences you’ve had in your life time.
Trance Dance, 2002, 26″x 19″, oil and pastel on handmade paper
Tip #3: More often than not, art IS in your budget.
A lot of potential collectors get scared off from buying art because they automatically assume the works are going to be out of their price range. Stories from auction houses about works that sell for millions don’t help alleviate this misconception. There are different ways galleries can help you figure out how to buy your first piece. When you are going to a gallery to buy art for the first time, don’t be afraid to ask questions. Also, keep in mind that certain factors will determine the price of a piece. Medium for example, can dictate the price of an artwork. From my own personal experience, I’ve built my collection (which include works by Vonn Sumner, Katherine Hattam, Nathaniel Donnett and Kesha Bruce) around buying works on paper because I find that they fit within my budget more so than works on canvas. That shouldn’t, however, prevent you from figuring out which mediums you like best.
Other ways can be through extended payments. For example, art works can be put on payment plans. Galleries will break up the cost of a piece into more easily payable payments over a 2-3 month period. This is helpful because it will help you budget and feel more secure in your art purchase. However, don’t always assume a gallery will offer you a plan. If you are really interested in a piece, ask the gallerist about their financial options.
If you are interested in starting your art collection or are looking to add something new to your already started collection, please contact the gallery. New collectors, ask about our New Collector Initiative!
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