Collecting Fine Art - Some Advice
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by: Guest
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It distinguishes him/her as an individual.
What is the state of the current art scene? Allow yourself to form opinions.
Do you enjoy subjective or abstract art? Is there an historical period that appeals to you or are you interested in what is being done today (contemporary)? Will your collection focus on a particular region, medium or subject? Do you prefer a certain genre, i.
impressionism, expressionism, realism.
Be careful to avoid fashion trends.
Depending on the artwork in question some elements are more important than others.
What is the aesthetic and historical relevance? Aspects such as composition, color, surface, mannerliness, and expressiveness are very important in an abstract piece.
Become acquainted with the jargon of art.
"fine art.
The value of a work of art is not necessarily the same as it's cost.
Or, put another way, equity is the difference between the purchase price and the appraisal value.
Even though art collecting is still one of the best long term investments around it is unrealistic to buy art for the sole purpose of making a financial killing.
What makes for a good art investment? In contemporary circles, one determines prices based on the quality of art, the stature of the artist (gallery/museum shows, awards, notoriety, collections, provenance of works, etc) and the fair market value of his/her work.
An investment in art will likely appreciate if the work in question has beauty and originality in its favor.
Do they know something we don't know? Don't throw your money away but don't be part of the woulda, coulda, shoulda club either.
How many great pleasures, how many opportunities have passed you by because you didn't trust your instincts? Great artists have a way of tapping into the pleasure centers of the brain.
If you've been sitting on the bench, get into the game!
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