With prices having become attractive post-correction and Indian economy on an upswing, most experts believe this is the best time to buy art! But the issue is: how can a buyer make sure that the works he or she is planning to acquire remain depreciation-proof? To simplify the process, adhere to the following basics:
1. Remember, it is unrealistic to think, plan and build a collection in a short span of time. Collecting art demands passion and patience. To begin with, try following the kind of art and artists you like. Gradually hone your buying tastes and skills by looking at the different genres of art in terms of composition, color, theme, and style.
2. Develop your eye by looking at art constantly in order to educate yourself. Walk in a gallery, visit museums; surf the Web; read books; talk to experts; or go for an art appreciation course. The more you travel, view and study art, you will get further exposed to current art trends.
3. Decide for yourself how much you can allocate to start with. Expensive art is not always the best. Proper aesthetic understanding and sense holds the key to your becoming a successful collector. Of course, there is no objective view of the perfect piece. So you need to keep your eyes and mind open. There is good art by lesser known or less established artists available in abundance. You can spot good artists early if you have to the ability to grasp the hidden talent.
4. Most established collectors specialize in order to develop expertise in a specific category. Collect information not only on the works important collectors are buying, but also the works they are not keen to acquire. It is worthwhile to check the recent acquisitions by leading museums and art collections. Their selection is invariably based on the suggestions and recommendations of an expert committee. This will help you in buying quality art.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment