Buying from the art world can seem a bit intimidating if you’ve never bought art before, whether you want to make a solid investment, or maybe buy an heirloom to be passed on and cherished in your home. The art world with its ever changing artists, styles and galleries can sometimes be unclear on what to look for when purchasing either in a gallery, from online artwork shop, or from the artist directly.
Define what you like and do your research. Visit as many galleries and shows as you can to see what art catches your eye more; learn the terminology fused in particular style or media used in the pieces that draw you in. Learning this will help you find pieces you like when discussing art with possible dealers, or narrowing your search options when looking for online artwork.
Get to know the art world. Get to know your local artists, art collectors and consultants. You can really learn a lot of useful tips and tricks from people who have more experience than you; they can also advise you on buying pieces and let you know about new upcoming artists.
Research the Artist. As an artist evolves so does their style; you’ll find their more refined pieces if you do your research. Look for dedication and credibility. Maybe if they are self-taught or professionally schooled will influence your decision.
Always question yourself. Always question yourself before making an investment to make sure it’s the right piece or collection for you. Do I understand this piece? Do I feel an emotional connection to this piece? These are some of the questions you should ask yourself.
Pay attention to quality. Look for the mediums the artist used, will they age well? Does it look finished? Pay attention to these details as it also shows how dedicated the artist is and how refined their skills are.
Set a budget. Set a budget and stick to it (leave room for shipping, framing and insurance). If you’re planning to buy from an auction, you might want to attend a few auctions first so you can prepare for when you want to purchase something. Also, be aware of the hefty buyers premium.
Keep your receipts. Now not all artwork you buy may be purchased for resale later, but when you plan to invest in art and sell it for a profit later, you must have receipts from your original purchase. This is how a piece is appraised for its value.
Buy what you love. Follow your heart and trust your decision when it comes to buying art, whether it be a pricey piece in a gallery or a bargain you found online. If it feels right to you, if you have an emotional connection to the piece or if it simply makes you smile, then you should buy it.
Buying art can sometimes be confusing and hard, hopefully these tips will make your transition into the art world a little easier now that you know what to look for.
