This may sound obvious, but you
will not want to live with a piece of art work which you do
not really like, but perhaps bought because it was cheap, because your friend
persuaded you, or for some other reason. Though some people collect art
solely for investment purposes, most experts agree that the best way to invest
is to buy something you love. That way, whether it appreciates in value or not
is immaterial; the pleasure of its company will be enough.
2.Choosing Artists
Well recognized and professional artists normally
fulfill these three criteria: (1) Technically skilled, (2) Original (and
recognizable) style, (3) Innovative works, often conceptual. Do not choose
paintings only on the basis that s/he happens to be ‘famous’. There are
many excellent artists who are not well known, but their works may be highly
inspiring, innovative or beautiful.
An important 'stamp of approval' is museum
quality, i.e. that works by the artists are found in museum collections.
Museums only focus on quality, without considering the commercial value.
Many of the artists represented by Thavibu Gallery
have works in museum collections - see Table below. Thai artists have (a
probably unfairly) low representation compared to Vietnamese and Burmese
artists. Perhaps due to the fact that many interesting Thai artists are
still rather young.
3. Selecting Paintings
Consider several factors, such as
execution, subject matter, form, colours, media/materials, and composition of the
painting. All artists produce works of varying quality – some may be
masterpieces, but many are often of more ordinary quality. Also, artists
do not necessarily produce better works when they get older. Consult a
trusted art professional/gallery for advice. Pay careful attention to
authenticity and provenance of the art works. Copies and forgeries have
unfortunately become commonplace in countries such as Vietnam, Indonesia, China
and India, to mention a few.
4.Buying for Investment
Seek professional guidance from trusted sources,
such as reputable art galleries, art consultants or auction houses. Museum quality (see above) is an important factor to consider. Other
factors that come into play is limited supply and to consider if works by
the artists are traded at international auctions. An updated list
of artists represented by Thavibu Gallery whose works are sold at international
auctions is found here. Two rather distinct groups
of contemporary artists may have works worth investing in. The first group
consists of well established, often senior ('blue chip') artists, while the
other group consists of younger, upcoming, often 'fashionable' artists.
Prices for works by the latter group may reach high peaks, though it is likely
that works by artists in the first group will have more lasting value over a
period of time. Additional information on choosing art works for investment can
be found at Jack Biddington's Art Collection Series. For serious investors, the Mei Moses Fine Art
Index may prove valuable.
5. Building a Collection
If you are buying more than a
couple of paintings, you are on the way to become a collector. Some are more
serious than others, and some are willing to spend more money. It
is not necessary though, to be rich to build a limited collection of paintings
that one can be proud of. The most important thing to keep in mind is to have a focus. Some ideas about areas of focus
can be e.g.:
Country or artist specific
Nudes/Erotic
Abstract works
Lacquer Paintings
Portraiture
Landscapes
Monks and Nuns
Black & White
And so on………..
Spend some time visiting museums, galleries, auction
houses and dealers to get a feel for what's out there.
Take note of what catches your eye and why. Join local
museums, and take classes to help you develop your eye. Feel free to discuss the above issues with your gallery or art professional.
He views giving professional advice an essential part of his work.
Jorn Middelborg (Thavibu Gallery) |
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