5 PRACTICAL TIPS TO START AN ART COLLECTION ON A BUDGET

 

5 PRACTICAL TIPS TO START AN ART COLLECTION ON A BUDGET-image

 

5 Practical Tips To Start An Art Collection On A Budget

If you’re new to the art market it can get overwhelming but you should know you don’t need millions in your bank account to start an art collection. Here are 5 tips to start your art collection on a budget.

1.       Start small

Look out for artists who have just started out or have recently gained recognition. Buying from emerging artists means you’ll probably be one of their first few collectors and if you’re lucky, it could turn into an investment.

2.       Find out what you like

Before you start buying, get to know your art likes and dislikes. Visit art galleries, exhibitions, auctions; follow artists, critics, curators on social media; explore styles, medium, subjects.

3.       Go online

Online galleries allow you to visit, follow, explore and compare- prices. You don’t have to feel intimidated as you’re not going into a gallery to ask for the price list. Also, the internet has made buying art more accessible and transparent than ever before.

4.       Collect limited edition

Limited edition collections are a great way to start building your art collection. Go for signed editions as they have more value.

5.       Pay in instalments

If you fall in love with a piece that costs more than you can afford, most galleries allow to spread the payments over a period of time.

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