31 August 2006
Do's and Don'ts: volume two, The Don'ts
Back to trying to fix the Art world, the rest of the world can worry about itself for a while.
In the on-going series of Do's and Don'ts, my I present,
Don't assume that you need huge amounts of cash to start collecting.
If you have a passion, commitment and an eye for your tastes, you can find good work for a reasonable amount of money.
Don't think that you should only buy original works.
There are some wonderful works that are very collectible that are limited edition prints. Prints will and do, go up in value. They are almost always much less expensive than originals also.
Don't buy Names.
Buy objects. The true test of your taste is if you are willing to buy a work that has no reputation. The work moves you, you would like to have it.
Don't be limited by your home.
Meaning, don't buy art for a spot on your wall. Buy art for a spot in your heart.
Don't involve an interior designer.
Let them pick you furniture, pillows, curtains etc. Art is personal and needs to be your choice. If you love it , it will work with everything else.
Don't be concerned with the age or location of the artist.
It has nothing to do with whether you like a work or not.
Don't think about investment.
Buy works you love, not works you think will make you money. Keep in mind you have to sell them to make money. It is hard to sell works you have fallen in love with.
But if you are thinking investment, think top of the line. Art at this level will appreciate the most, even in a down market.
Don't play games.
Don't do things like taking pictures and then showing them to other dealers to see if they can get it for you for less money.
It hurts the integrity of the art and it's not fair to the dealers.
Don't feel pressured to buy.
Most galleries are willing to talk and share information about their art and artists with anyone who is serious.
This one is important.
Don't try to fool the IRS.
It is not fair to ask a dealer to ship an empty box out of state for you to avoid tax. It is also very illegal.
The art has to go where it will be displayed and appropriate taxes must be paid.
The consequences can be devastating.