By Sylvia
White
Sylvia White
is founder and director of Contemporary
Artists' Services, one of the few management
consulting firms specializing in the career
development of visual artists. Recognized as
a pioneer in the field, she has been
advising artists on all matters related to
business, exhibitions, and marketing since
1979.
www.artadvice.com
If you have ever thought about trying to
become an art collector, either for pleasure
or for investment purposes, the artworld
doesn't make it easy for you. Galleries are
cold, uninviting, scary and intimidating
places to visit. Even a seasoned artworld
aficionado can feel awkwardly out of place
when entering the inner sanctum of a public
commercial gallery. The quiet hush, ominous
white walls, cavernous spaces and
contemporary art that defies understanding
can be overwhelming to the novice. Gallery
employees don't make it any easier. Most of
the time, instead of a greeting, barely a
head goes up to acknowledge a presence. It
can feel like you are intruding in someone's
personal space. At the other extreme are the
high pressure sales galleries with
"associates" who breathe down your neck
trying to elicit your response to each
glance, in the hopes of extracting some
information that can later be used to sell
you the piece. It's no surprise that 80% of
the people I polled, living in affluent
neighborhoods, have never even set foot in
an art gallery. Not because they can't
afford or don't want to buy contemporary
art. But, because the marketing model in
place is not designed to embrace or
educate... and has not kept up with the
changing roles of the art market. The
traditional brick and mortar artworld has
failed at educating consumers, building
trust, and making art accessible. It's not
surprising that if you have ever experienced
this, you have given up on the whole idea of
buying art. Thankfully with the emergence of
e-commerce to rescue the artworld economy,
collectors now have choices that were never
before available to them. E-commerce works
for a lot of specific reasons: it's easy,
it's convenient, it's private and it's
anonymous. Art is not the kind of product
that you can be talked into. Buying art is
not like a buying a car or a computer, where
most consumers do comparison shopping to
check for value as well as quality. It is
one of the few categories that is almost a
totally emotional buy. You look at it, you
like it or you don't. It is a mystery what
contributes to a person's personal taste.
There is very little a sales person can say
or do to change that. However, being
educated about the artist and his career may
influence your decision regarding a
purchase, but, that is only effective after
you have already made the selection of your
choice. Here are some tips to get you
started.
Educate your Eye
Before you set out with checkbook in hand,
you need to educate your eye. I'm not
talking about an education in art history.
But, rather a thorough understanding of what
you like and what you don't like. And, even
though you may think you know what that is,
it will change as you begin to look at more
and more art. It kind of happens by osmosis,
before you even know it. If you've ever had
the experience of buying a piece of art, or
even a poster, only to learn after a few
months that you're tired of looking at it...
that is your eye becoming educated. With
complex, quality art, the experience is
reversed. You will find yourself loving it
more as time passes. You will see new things
every time you look at it. So, the absolute
first thing you need to do is decide NOT to
buy anything for at least one month.
Subscribe to the art magazines just look at
the pictures and the ads. Start going to
galleries and reading reviews. You may want
to make notes about what you liked or didn't
like at each show. It's particularly helpful
if you can visit an exhibition that has been
reviewed in the newspaper or an art
magazine. That way you can compare what the
critic wrote to your own impressions about
the show. Remember, there is no right or
wrong to understanding art. Your opinions
are just as valid as the reviewers. They may
have more academic knowledge to help put
things in an historical context, but you are
learning. Slowly you will start to
understand your taste. The goal in this
first step is to figure out why you like
what you like.
Establish a Budget
The next step is to establish a budget. It's
important to do this before the shopping
begins, as it is easy to fall in love with
something beyond your price range.
Establishing a budget and sticking to it
will take some of the emotional aspects out
of the experience. But, remember, you are
about to embark on one of the few completely
emotional buying decisions you will ever
make!
Determine Your Goals
It is helpful here to determine what your
goals are for purchasing art. Are you simply
trying to fill a blank wall? Or, are you
interested in developing a collection that
may have some investment value? In either
case, you'll need to start narrowing down
your choices by medium as this is directly
related to budget. In general, prints and
photographs are less expensive than original
paintings. Sculpture is generally even more
expensive. But, as always, there are
exceptions to this rule. There are few
things in the marketplace priced as
irrationally as art. Although artists and
galleries try to fix prices based on the law
of supply and demand and what the market
will bear, there are always extenuating
circumstances that contribute to the final
price. Where the artist is in his or her
career range is probably the most important
and also the most difficult to quantify.
Medium, size, complexity and cost of
production also play important roles in
determining the final sales price. But the
bottom line could just as easily be
determined by how much an artist is attached
to a particular piece. Immerse yourself in
the artworld, if time allows. Get on gallery
mailing lists, go to opening receptions,
meet and talk to artists about their work.
Most cities have a local Gallery Guide, or
newspaper listings that have a calendar of
events. One of the great advantages of
collecting contemporary art is the artists
are still living! Although almost every
artist I know claims they don't know how to
"talk" about their work, once they get
started, they love it. Meeting and talking
to the artist adds a special element to
collecting contemporary art that makes the
work an irreplaceable treasure rather than
just another possession.
Become a Responsible Collector
Finally, once you actually become a
collector, realize that you now have to
accept the responsibility as the guardian of
this piece. Responsibilities include staying
up to date of the activities of the artists
in your collection, documenting the work for
insurance purposes, and making decisions
about what will happen to the work in
perpetuity. For more specific information,
refer to my article, The Responsible
Collector. Soon, you will discover that
surrounding yourself with art can enrich not
only your visual experiences, but instill a
sense of vitality to your life and uplift
your soul.
|