How to Collect Art on a Budget, Big Or Small

Things You'll Need: Time, Patience, Trained eye,Step 7You will now own your first piece or pieces
Transportationof fine art! You will most likely start getting invited
Instructions:to the private openings / preview openings, that
Step 1only collectors get invited to. These are great!
Figure out what kind or kinds of art you reallyThere you will learn much more by listening and
love. Remember you will be living with it for avisiting the homes of other collectors in your area.
good while. Is it photography? Expressionism?Good luck and enjoy!
Realism? Sculpture?Tips & Warnings:
Step 21. If you are new to the art world, do not buy art
Begin following the art scene in your area. Startonline. Get some experience with your own 2
going to student art shows at universities andeyes first. Get a feel for the textures, media, etc.
museum schools, as well as artist studio exhibits.before you venture into making purchases
Begin frequenting art galleries and their openings.without seeing the real thing first. Once you feel
Step 3like you are comfortable with your taste and
Get on the mailing lists of the studios and galleriesprevious purchases, you won't need any of this
that you decide you enjoy and prefer the most.advice.
Keep in mind that galleries have a stable of artists2. Always buy signed works. Some artist's do not
and usually change shows monthly. This will allowlike to sign the front, but make sure they sign the
you to receive invitations to their public openings.back. Sculptures should be signed as well,
Step 4somewhere.
Decide on your budget per piece, even if it's a3. Avoid having the art dealer go to your house.
temporary budget. We all understand that yourIt's common for them to offer to go and hang
budget will grow with time.the piece for you. This allows them to see your
Step 5place and plan on the next thing they can try to
A few things to consider:sell you.
1. Artist's Studies: They are usually the artist's4. Get a biography, catalog and anything else that
original thought for the final piece, but are alwaysthey can give you on the artist and keep a file.
priced much lower. It's a great way to start a5. If buying directly from an artist, make sure
collection, own a fine piece, without a hugethey are not represented by a dealer in that city
investment. In some cases, these become veryor town. Word gets around very quickly and the
valuable, depending on how the artist's careerone that will look bad is you. That gallery will not
goes.want to do business with you after that. It's just
2. Works on paper, are also priced lower thanugly.
canvasses and a fine way to collect. I actually6. Correct behavior for an opening:
prefer works on paper, for some of the artistsDo not drink too much or talk too much.
that I collect. I find they are pure.Dress nicely, you are not the artist.
3. Limited editions, prints, and photographs willDo not call a painting or photograph a picture.
always be priced lower because they areDo not say you don't like that specific artist's
re-produced. The only ones I recommend towork, just suggest that you don't prefer it or
beginners are "artist proofs", which are originals. Ibetter yet, stay quiet.
also recommend photographs that have beenDo not negotiate during the opening, you do that
made into an original by adding painting, drawing,later, in person.
or some mixed media.Do not let the dealer pressure you into making a
4. Framing costs and pedestal prices: Most piecesfinal decision. If you are interested in a piece,
come framed, but not always. Sculptures neverduring an opening, say you like it and if you are
come with their stand, so figure out how you willworried about someone else buying it before you
display it. Feel free to request the piece bedo, just ask to have it placed on hold for you.
framed by the gallery and/or for advice on findingMake an appointment or show-up during the
the right pedestal.week, when the dealer is not too busy.
5. Some galleries are way above your budget, soDo not negotiate by email, phone or text. Always
do not frequent these as often. You should stilldo it in person.
go, learn and enjoy, but do not get in over yourLearn by listening to other collectors.
head and fall in love with a piece you cannotListen to the artists and dealers.
afford.Use your judgement on whether an artist will
Step 6have a future or not. If the artist is really young
Have you been dreaming of a piece you haveand does not have a gallery yet, you might be ok
seen? You are now ready to buy, but only if youbuying a piece from him/her. If the artist is older
really love the piece! Remember you will be livingand still does not have a gallery representing him
with it for a long time!her, you might want to think some more.
Negotiate with the dealer or artist, without beingDo not mention things like: "A kid could do this", "if
insulting. Keep in mind the following:I would have known how much these pieces go
1. Their expenses and overhead.for, I would have become an artist", "I'm looking
2. How desperate they are to complete a sale.for a piece to match my couch". It just shows
3. Ask about a payment plan, credit cards,your ignorance in a negative manner. Believe me,
framing. Most galleries will let you make paymentsart dealers and artists are tired of hearing these
at 0% interest, if there's not too many payments.type of comments. They are not original.
4. Make a reasonable offer. Most dealers will offerAvoid art auctions as a beginner. Only a collector
10% off the wall / list price. More is nice, but notwith many years of experience should consider
necessary! Don't be insulting by throwing out abuying at auctions. Museum school auctions, on
number that's way too low. Be reasonable.the other hand, are ok and in fact a good way
Remember that you are not buying a superfor you to make some wise purchases.
expensive piece. You are just a beginner. TheAvoid artists that do not dedicate a good part of
lower the price is, the less wiggle room they have.their time to art. If it's just their hobby, then it will
5. If negotiating for more than one piece at once,most likely never become a good investment for
you have more leeway in how far they are willingyou.
to go.Avoid galleries that aren't really galleries. An art
6. Most galleries keep between 40 and 50% ofgallery should exhibit and sell art, and that is all. If
the total. The artist gets the rest.they are selling framing on the side, etc.