6 Common Art Collecting Mistakes and How to Avoid Them
Whether collecting art for fun or as an investment, doing it right is, well, an art form. Certain types of artwork were once considered only a passing fad. Yet, contemporary art is now collected 6% more every year by millenials.
Starting an art collection can be rewarding and profitable. But to get the best out of it, you will want to avoid art collecting mistakes that can stall the passion.
So if getting into art has been on your mind, keep reading. Here are some pitfalls to know and avoid for creating an art collection you will love for a long time.
- Get Good Advice
While it may seem daunting at first, starting an art collection is fun with the right approach. So why not seek out the people who know the industry best? A good agent can help with everything from comparing art prices to helping you trade pieces.
Another essential element is that an art advisor will help you define your goals and budget. So look for professionals with experience working with new collectors. Make a plan together that will keep you engaged.
- Buy What You Like
There are never guarantees that the art you buy will appreciate in value. So you should at least buy the artwork that you will be proud to display in your home.
If impressionism isn’t your style, think about the variety of other art forms available. And think about the space where you plan to exhibit your art collection. Graffiti art, for example, can make a significant impact on the theme of your home.
- Inspection
Whatever you do choose to buy, be sure to have the piece looked over by an expert. For novices, taking away a damaged piece is one of the most prominent art collecting mistakes.
If you are buying online, you need to read everything about the piece. And contact the dealer before buying. Getting art in top condition is far less expensive than paying for restorations.
- Documentation
Part of protection for art involves backup information. So make sure to get a receipt for proof of original value. Get information about the artist and when they created the piece.
It may seem important at first. But if you want to sell the work later, having documentation will make the sale smoother.
- Insurance
Everything you invest in has intrinsic value. You buy insurance for your home and other possessions for peace of mind.
But protection for art is even more vital because it is unique. You might replace a damaged vehicle quickly enough, but your art is one of a kind. So get proper insurance to protect your investment.
- Hanging and Storage
When you display your art, have an expert mount your collection. They are people who know what it takes to secure all types of artwork safely.
Transport your collection with the best art packing supplies for your pieces. Avoid the possibility of accidents by protecting your art wherever you move.
Avoid Art Collecting Mistakes
There is nothing quite like bringing home new types of artwork to exhibit. And the passion for your art should increase as the collection grows.
So keep the passion alive by avoiding the art collecting mistakes that beginners make. And if this article exhibits some tips to help you grow your passion, come back and read some more helpful tips.