THE ART OF COLLECTING

 

Owning

a private art collection

was once the domain of popes, aristocrats, and the truly rich.

In our western world this is less the case as contemporary art can be quite affordable. With regular, careful purchases and at times by ‘taking a gamble’ on emerging artists you can accumulate a nice collection

Falling in love with an artwork

and knowing right there and then it’s the one you want is a great feeling. But often buying that very first work or even adding to your collection feels overwhelming.

Regularly clients say to me “I don’t know anything about art, all I know is what I like.” Such people are actually way ahead of the game. Often it takes quite a while to develop one’s own taste in art.

Visiting both public and private art galleries, viewing art online and thinking about what it is that you like or dislike, what it is that triggers an emotion, are steps in the right direction.

Some people have made a living out of collecting art, but such investors are in it for the long term and it’s something these art collectors have perfected over decades. I suggest not getting too hung up on profitability analyses or aspiring to achieve the likes of Saatchi. Professional art dealers have clocked up many years of experience and have developed their own set of viable criteria with regard to what to look for in an investment piece.

Our suggestion is: live with that artwork that has tickled your fancy for several months to see if your attraction is sustainable. In other words: try before you buy. Rent the artwork for six months, and if you’ve fallen out of love, return it and continue your search for true love.

 

Another service we offer here at Art Logic is

curating private art collections

Some clients houses are too small to accommodate all their art, so they keep it in storage. Our job twice a year, is to completely rearrange the art in their house, removing new pieces and returning old pieces to their art storage space.