Becoming an Art Collector isn't as Difficult as You Think
BBC Capital shared an article about the current nature of finding and buying works of fine art.
Collector Bill Dimas shares his story about how he first came into the art collecting world, and how it started with the simple realization that great work does not have to break the bank. Instead, Dimas recommends investing in works of art by emerging contemporary artists, choosing works that appeal to the buyer on a personal level. He cite's the example of a Jeff Koon statue that sold at Christie's for $58.4 million, though when the artist began his work sold for as little as $3,000.00.
Since the emergence of online platforms for selling contemporary art, the ability to select and collect works of art has not only become more accessible, but is likely to continue to increase the value of the pieces as well. For those that are uncertain about which pieces might be the best to buy, there are art consultants available, whose sole mission it is to help clients understand what is out there, what they want, and what is worth their investment.
A note of caution comes to new investors, it is important to make sure the logistics of purchasing are accounted for, and seeking legal counsel to protect and ensure an investment goes through is recommended.
There is certainly an art to buying and collecting art. But all it takes is that first piece, and you'll be hooked.