Hi there...I indulge in one magazine the most out of all magazines available.
But the Content is great material to read due to tips for collectors on who's HOT and also an inspiration magazine for artists. You see how other artist are selling their work at how their values are going up...
Tips that I found in one article are the following.
From the October 2005 issue. --pg. 20 Article by Aldo Castillo from the Aldo Castillo Gallery in Chicago. Visit www.artaldo.com
"Most clients will claim that they buy art because they love art. The bottom line is that in the back of their minds, collectors are looking for a good investment that is also a pleasing creation and makes a statement."
Do's and Don't of Art Collecting
I would advise to future collectors to:
- Do ask for payment plans where necessary
- Do look at different venues for purchasing art: artist studios, art festivals, galleries, antique shops
- Do ask for information; venues are gennerally happy to provide information at no charge
- Do trust your instincts and your personal style
- Do consider the purchase of art as you would real estate investments
- Do know when to negotiate the price
I would tell future collectors to beware of these 6 traps:
- Don't forget to check a gallery's reputation
- Don't deal directly with controversial artists
- Don't be pressured into purchasing a piece too quickly
- Don't overspend on works that are percieved more as decoration than art
- Don't agree on an unfair deal due to lack of research about pricing.
- Don't be intimidated by galleries.
The tips above were taken directly from the magazine for your information.
Since I am also an art collector...which do's I have followed are the going with my instincts and following my style and the payment plan option...since I am on a budget.
The Traps that I have experiences...buying something under pressure...tipsy on wine...and then waking up the next morning...not liking my purchase....shame on me...I kept the piece instead of returning because I figure it was nobody's fault but mine...so I am waiting for the right person to walk into my home and saying that the LOVE the pieces I don't care for to give them as a gift or maybe I will give them away to an auction for a good cause.
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