So you want to know how to start buying art? Maybe you are thinking of buying art as an investment or want to start buying art on a budget? Well, here are some tips for buying art.
1. Figure out what you like
The better education you have, the better collection you’ll have. Before buying your first piece of original art I’d suggest going to museums and art galleries and trying to familiarize yourself with different periods and styles of art. If you’re not into all of that then why not jump onto Instagram or even Pinterest and search hashtags # that match what you are looking for such as #abstractart etc or if you don’t know what you’re looking for then just search #art #artwork #artforsale #artists. There are also lots of sites that have art for sale that you can go on but be aware that they charge the artist for the sale and so most artists have their own original paintings and wall art for sale and would rather you bought directly from them. By buying art from the artist then 100% of the money will go to them.
2. Determine what you’re buying
Are you buying an original piece of art that you love and you want purely because you think it’s great? Or are you buying art that you love but secretly want to be an investment? There are different types of purchases in the art world. If you’re buying an artist’s artwork because you love it, it’s much easier. All you have to do is figure out if you can afford it. If the price of the piece of abstract art or landscape art for example is something that you think is worth the passion you have for it then I would suggest buying that piece of art. If you’re buying the art with an eye towards that painting or sculpture being an art investment and you want it to actually have long-term value in the future so it can be a little bit more tricky. It’s very important for first-time art collectors to know that there are various factors that affect the price of the artworks they are buying, for example, a painting on canvas is generally more valuable than a work on paper by the same artist; or if it’s an edition versus a one-of-a-kind piece of original art.
3. Set a budget
You really need to set a budget in your own mind in terms of what you can original artworks you can afford, and I would say you have to be prepared to spend a little bit more? The things that I regret in purchasing are not any artworks that I purchased, at least so far, but the artwork that I didn’t purchase. They were things just a little outside my price range but, man, I loved it and I didn’t buy it. If you really love it, trust your instincts. As my grandmother used to say, true love is forever. Set a budget and be prepared to spend a little more, A, because there’s shipping and insurance and things like that; but, B, because if it’s a painting or drawing you really love and it’s a little bit over your price range, I would say “stretch”. Life is short and you want to be inspired.
4. Do your research
The world of buying art really can be overwhelming, so you should talk to people in your local art galleries and the art world in general. I would suggest talking with other original art collectors, or art appraisers, art consultants and art gallery owners. When you learn a few things about the art world and how buying art works, you’ll learn that the listing price of original paintings and sculptures is always the sale price. Art galleries will sometimes give discounts to art collectors because sometimes they’re rewarding a collector who’s been loyal or sometimes they’re trying to build a relationship with a new art collector. So do your research well when it comes to collecting art is all i would say.
5. Understand that size does matter
You want to be sure that the painting or artwork fits in your apartment,home or business space. I can’t say how many times people I know—especially early art collectors—fall in love with a piece of original art, buy the piece, and then they bring it home and it doesn’t fit. You must have a pretty good idea that you have the right wall space for that specific artwork before you buy it.
6. Track your purchase
There should be a clear, traceable path from artist to owner, and it should be documented: save emails, invoices, and receipts. If you eventually want to valuate or sell a work, it’s important to have this documentation. A good thing to get is a certiicate of authenticity Just like this piece of art.
If you’d like to enquire about a one of a kind piece of original art by british abstract art artist allanisart that is made using unique techniques and upcycled materials then you can it HERE today to start our discussion.