Beginning an art collection can seem overwhelming. While the art world can seem isolated or far away, it is often an illusion outside of the blue-chip art market. Becoming an art collector is simpler than it may appear. Below we put together frequently ask questions on how to collect art.
FAQs on How to Collect Art
If you are new to collecting or on a budget, it is easy to get started with more affordable options such as smaller pieces, editioned photographs, or works on paper.
Signed small editions of photographs are an ideal place to start and not the same as posters. In general, a large edition is 25 prints or more, and a small edition is five prints or less. Purchase what you want to keep for the long-term as short resales are not lucrative outside of the blue-chip artwork realm.
Collections with a clear focus are the most valuable as a whole, mainly when they showcase an art movement or a specific moment in time. The value is not only to the collector but also to exhibition and museum curators when you are ready to share your collection.
Focusing on early career artists or a location outside of the major art cities, such as London and New York, can give you a lot more access. Emerging artists are more open to developing relationships with their collectors and currently creating artworks that will increase in value.
Begin reading about the art you are interested in and attending local art openings. While you may not be interested in your particular local art scene, you can learn how the art world works and its vocabulary. Bridging art history and current art news will help you understand the art market and the foundation of how to collect art.
Paying attention to the art market and trends only come into effect if you are collecting blue-chip artworks or looking to sell in the short-term. Don't be too concerned with art world trends at first. Just as chic art neighborhoods come and go with rental prices, art trends rise and fall with the latest auction or news piece. If you are drawn to a "dreadfully unchic" style or artist, discover why it is exciting for you. Art trends are built by what is interesting and sells, so art collectors are influencers are which trend is next.
Each artwork is unique. Framing, display techniques, temperature, light, and moisture all contribute to the longevity and lifetime of the artwork.
Look into adding your collection to your home or rental insurance. You may need to purchase an individual policy for your collection if you cannot add to your current policy.
Frieze is a London based contemporary art and culture monthly magazine that has branched out into art fairs.
artnet is an art news with an eye towards market trends, analytics, and auction house sales.
Blouin Artinfo has an international edition as its main focus, but they also have 14 global editions for more localized art news.
Artforum International is a New York City based monthly international contemporary art magazine.
Hyperallergic is a blog that covers contemporary art news with offices in New York City.
If you are interested in learning more about Montenegro art, read our travel tips about Montenegro.