Whether you are an enthusiastic art lover or a first-time buyer, starting your art collection by buying original paintings can be either enriching or frustrating. It all depends on your approach and how much you are willing to learn about the process.
Let's start by debunking a popular myth: you don't need to belong to the 1% to buy art. Yes, original paintings can cost hundreds of thousands or even millions of pounds, but museum-worthy artworks are also within reach for first-time buyers with more modest budgets. After all, this path was taken by some of the most influential art collectors of our time.
However, it's worth mentioning that buying original paintings is not a get-rich-quick scheme or a straightforward journey, as it requires time, effort, research, and some financial planning. But if you are patient and strategic about it, the rewards can be gratifying and life-changing.
Why You Should Start an Art Collection
There's no one-size-fits-all answer to this question, as the motivations for starting an art collection vary from collector to collector since it is a subjective endeavour. However, here are some common reasons for buying original paintings and creating an art collection:
1. To invest in a tangible asset:
For many, it's a purely financial decision. Art has been a haven for investors for centuries, as it is not subject to the same market fluctuations as stocks and other assets. Moreover, it is a tangible asset you can enjoy on a daily basis while it appreciates. Considering the current economic climate, investing in art is a smart way to diversify your portfolio and protect your wealth.
2. To support artists and the art industry:
When you buy an original painting, you directly support the artist who created it. You are also contributing to the art industry as a whole, which is a significant source of employment and revenue for many.
3. To surround yourself with beauty and inspiration:
This is perhaps the most common reason for starting an art collection. As an art lover, you want to surround yourself with beautiful things that inspire you. For some, it is a way to bring more beauty and satisfaction into their everyday lives.
4. To create a legacy:
Many art collectors start collecting with the intention of leaving their collections to their children, and it is a way to ensure that the art they love will be preserved and enjoyed by future generations.
5. To immerse yourself in its rich culture and history
For many, the allure of art lies in its ability to transport you to another time and place. When you start collecting, you will have the opportunity to learn about the artists, their techniques, the historical context of the paintings, and much more. It is a fascinating world to explore, and you will never tire of learning new things.
How to Start an Art Collection With Original Paintings
First, knowing the difference between an art collector and an art buyer is vital, as that will shape your approach.
Art collections are typically built over time and with great intentionality and planning. It is generally about sourcing artworks that hold personal meaning, tell a story, or fit into a cohesive picture. This means that art collectors typically immerse themselves in the subject of their interest, building a deep understanding of the history, artists, and market to source specific artworks that fit into their collection.
On the other hand, art buyers are not always interested in having a collection. They could buy specific artworks because they love them or believe in their financial value. They might even randomly assemble some paintings they like, but that's often without a unifying theme. The critical difference is that art buyers are not usually looking to piece a story or create a cohesive vision with their art purchases.
With that in mind, here are some steps for buying original paintings and starting an art collection:
1. Explore and refine your taste
The first step is to take some time to explore your personal taste in art. This doesn't have to be an overly complicated process – simply start by taking note of the paintings you are drawn to when you see them. It could be a particular style, subject, colour palette that speaks to you, or paintings from a specific historical period. As you look at more and more art, you will develop a better sense of what you like and your personal style.
2. Educate yourself about the art world
Once you have a better idea of the kind of art that you like, it's time to start learning about the art world. This will involve researching different artists, art movements, and art history. It is also a good idea to start reading up on the business side of things, such as the art market and how to buy/sell art.
One great way to educate yourself is to visit museums and galleries. Many offer docent-led tours or educational programs that can give you a crash course in art history.
3. Choose a central theme:
As an art collector, you will need to choose a central theme for your collection. Remember that your art collection needs to fit together like a puzzle, so each artwork you add should contribute to the overall picture.
This could be based on anything from a specific artist or period to a particular colour palette or subject. Once you have decided on a focus, you can begin your journey of sourcing individual artworks that fit into that theme.
4. Build a relationship with a reputable gallery
Finding a reputable gallery or dealer to work with is essential if you want to buy original paintings. This is someone who will have access to the kind of artworks you are interested in and can offer guidance and advice along the way.
Building a relationship with a professional in art is also essential because it can help protect you from scams and fraud. Unfortunately, the art world is not immune to these activities, so it is always better to be safe than sorry.
About Florence Bell Art Gallery
As mentioned above, buying original paintings for your art collection can be rewarding or frustrating, depending on your approach. Partnering with a reputable and experienced art gallery positions you on the rewarding end of the spectrum.
The Florence Bell Art Gallery has decades of experience sourcing, curating, buying and selling original paintings, as well as providing bespoke consultancy services to clients. We understand that every collector's journey is different, so we offer a tailored service designed to meet your specific needs.
Collecting art is a long-term journey, and we will be by your side every step of the way. Get in touch with us for more information.
