Buying Great Art Without Breaking The Bank: 5 Helpful Tips For Art Collectors

  • Jul 13, 2015
  • Posted by eisenhauer
  • Tips and Advice
Buying Great Art Without Breaking The Bank: 5 Helpful Tips For Art Collectors

he idea of an art collector tends to conjure up images of a wealthy individual who has more than enough cash flow to justify a several thousand dollar work of art. However, you don't have to be a millionaire from Bel Air to appreciate fine art and even more so, you don't have to break your bank account in order to fill your home with high-end, attractive paintings, sculptures, or jewelry. Check out the following helpful tips that are sure to help bring home the next great work of art you and the family want!

 

1. Get To Know Other Art Collectors Cultivating and developing new relationships with other art collectors that resemble your background, interests, and more importantly, your way of life is a great way to gain new perspective on what types of art are suitable for your budget. Hanging with the right, qualified crowd gives you the opportunity to experience new works of art, while getting the inside scoop on what's going on within the industry.

2. Be Skeptical of The Price Tag While the concept of negotiating prices seems to be foreign for most establishments within the United States, the art industry significantly differs. Insider trading, price manipulation and cartels all control and affect the supply and demand of various art collections; causing prices to unjustifiably sky rocket depending on where you are and who you are working with. Make sure you do your homework by researching the artists you are interested in, the average value of their work and what other similar paintings or jewelry cost in order to be sure that you aren't paying anything more than you need to.

3. Be The First In Line Getting yourself into a position where you are granted access to art collections before they are released to the general public gives you the greatest opportunity to access high-end works of art. Typically, purchasing art from artist's that are new to the market and early in their career allows you to potentially become the owner of recognized work before it becomes popular (and expensive).

4. Set Reasonable Expectations and Go For Quality Over Quantity The idea of purchasing some exquisite form of art work without spending any money is certainly not realistic. For serious collectors, make sure you invest in one fantastic piece of art, rather than skimp out by buying a few or several mediocre paintings.

5. Learn Everything You Can To Make Art Collecting Muscle Memory Going back to the advice of hanging with the right crowd, listening to other like-minded collectors allows you to learn what questions to ask, what qualifiers to look for and how to properly invest your money in the right types of art work. If you happen to hear of one particular artist that's referenced by a variety of enthusiasts, try to connect with the artist directly. Getting into the habit of researching artists and speaking on a higher level is one of the surest ways to protecting yourself against poor investments, as well as understanding the jargon associated with collecting art.

Give Us A Call, We Are More Than Happy To Help You On Your Way! For more information, feel free to contact The Eisenhauer Gallery directly by visiting the "Contact" section today!  

  • Comments: 0
Post your comments here

Your email address will not be published. Required fields are marked *;

FOLLOW US ON INSTAGRAM