Aboriginal art is indeed provocative, inspirational, and stunningly beautiful. For a lot of people, it is just like an asset. However, it can always feel daunting and overwhelming to enter an art market and invest in certain artworks. When it comes to collecting and investing in art, there are some key things to keep in mind. It all starts with being confident in your decision because artworks are unlikely to go bankrupt.
Keep in mind that value is not just found in the artist but in the overall quality of a particular work. It is best to purchase the ones that you can afford. By choosing well, it will be easier for you to sell it for a profit one day. When it comes to the aboriginal art market, it is a must to learn a few things. Here are the tips to collect aboriginal art.
Even though most collections include many different items collected over a long time, the best ones are usually put together by keeping a theme in mind. Ideally, you should focus on a specific class of stuff, subject, artist or group of artists, regional, national, or international style when investing in Indigenous art.
According to many experts, less is always the best. Buying fewer artworks but the ones with higher value and better provenance is considered a better decision than getting too many pieces. A younger individual might be ready to spend $2000 each year. However, by the time he/she is 20 years older, his/her budget might increase and reach about $10,000 a year. Investing and collecting just one or two original artworks will ensure that your collection is very valuable by the time you reach retirement.
Regardless of how stubborn you are about the notion of investment, it is not recommended to ignore the pleasure you will get from living with things that you prefer looking at every single day. Painting might sometimes get sold for a lot of profit. However, remember that it is quite rare. Think of art as a long-term investment. There is always expense involved in selling, which is why it is a must to be prepared to keep possession of a piece for no less than 10 years. For this particular reason, it is always better to buy something you actually love.
Educating yourself about collecting art is recommended. You can do so by ensuring that your name is on the mailing list of the best art galleries in Sydney. Try to attend exhibitions as often as possible. Following art magazines can allow you to spot which galleries are currently representing which galleries. Furthermore, develop a keen interest in learning about the current trends in the modern art market before applying them to your area of interest. Here are some essential readings for you:
There are some online resources as well such as Artnet, Arts Hub, etc.
As a beginner art collector, it is vital to learn how to invest in art correctly. This is where learning some tried and tested strategies and hacks can prove to be useful. Utilise the tips mentioned in this article to collect aboriginal art.
