I have never been much of a hoarder...
Until I started collecting antiques and and artworks. My grandfather (who has collected antique Japanese works, records, Hells Angels art and Fillmore posters since the 50s) and mother (who in her life, collected French oil paintings, antiques and rare books) instilled an undying love for old things and one of a kind things, including artwork.
It is easy for myself as an artist to view the value of artworks as intrinsically valuable and perhaps not as importantly monetarily valuable.
Jan Corey, owner of Corey Helford Gallery sent along an email a few months ago as part of their Art Buying Series articles. I figured I would pass along some of their great tips for collecting and add a few of my own:
As an art collector for the last twenty years, I've accumulated some knowledge that, as an art gallery owner, I'm sure very few other galleries are providing. It's an insider's guide on what to buy and how to buy. I'll be providing tips once a month in a special evite that should help you buy art in the smartest possible way. One of the few things you may not know about CHG is that I didn't start the gallery to make a living. I started the art gallery because there were artists that I loved and I felt weren't being properly exposed or presented in a way that was equal to their talent. I can name them (I don't think they'll mind):
Natalia Fabia, Joshua Petker, Brandi Milne, Sylvia Ji, Eric Joyner, Korin Faught, Buff Monster, David Stoupakis, Andrew Brandou, Van Arno and photographer Chris Anthony.
They were the reason we opened the gallery and the reason we built a new type of gallery that exalted the artist. No book sections or toys, just exhibitions with an enhanced environment for each show that created an atmosphere that let the collectors know how important we felt these artists were. As we grew, we added SHAG, Luke Chueh, Kukula, LOLA, D*Face, Eine, Hush, Kazuki Takamatsu and many more to the CHG roster.
But the most important factor in choosing these artists is that we believed in them and believed they were major talents who, in years to come, would represent the New Contemporary Movement (earlier known as everything from Pop Surrealism, to Alternative, to Underground, to any name that suggested a movement outside the traditional contemporary art scene). And sure enough, these artists are now recognizable worldwide as names signifying the most exciting art coming out of the U.S.
So the first tip? BUY WHAT YOU LOVE, BUT IF YOU'RE LOOKING FOR THE ART TO HOLD IT'S VALUE, WATCH FOR THE ARTIST'S VALUE GROWTH OVER THE YEARS. It's simple. Each artist should be able to successfully maintain a 10 to 25% growth from yearly exhibition to yearly exhibition. This increase represents the demand for the artist and shows you that other collectors value the artist as well. An artist's work should never decrease in value unless the artist radically changes the size, complexity or style of his or her work. Even within a new body of work, the artist will determine the price of a piece by the amount of time and complexity it took to create a work. Or a particular style that is in high demand. Luke Chueh's bears, or Sylvia Ji's Day of the Dead paintings are good examples. Just like a Rembrandt portrait or a Warhol pop celeb piece, there are styles within an artist's repertoire that are in higher demand.
Next tip? DON'T LET WORKS YOU LOVE GET AWAY. If you are collecting, you should get the works that you want. If you're collecting on a budget, most galleries have an installment plan, where you can pay monthly for a piece you love so it ends up in your collection. Since CHG has always been about getting art to everyone, we have a very liberal installment policy. If you find a piece that you love, speak for it. Very few collectors have deep pockets. Many of the pieces you've admired were purchased on time payments. Its been that way since galleries first began.
A few tips that I'll add and impress upon:
One. Buy what you fall in love with. There have been plenty of pieces that I have fallen in love with and spent too long thinking about only to find them sold after I found myself ready to buy them,
Two. Know you budget but remember payment plans. Galleries and artists alike want pieces to go to good homes and money really shouldn't stop that from happening. Always check with galleries and artists to see if they have payment plans in place to acquire works. I myself offer payment plans and have been offered such plans from many galleries when inquiring about other artist's works.
Three. Be reckless and enjoy. I don't recommend you follow this one but it is how I collect. Art is invaluable. It can fuel you, move you, inspire you and express you. I buy what I like even if it means forgoing pointless purchases (a case of coconut water or a thousand dollar Cornish Rex brother for Luna...)
Dan Quintana, Ferris Plock, Brandi Milnie, Lola, Kelly Tunstall, R. Blackthorn, Camille Rose Garcia, Korin Faught, Henry Lewis, Michael Hussar, Henrik A Uldalen, Kevin Llewellyn, A. Sommers., Jeremy Hush and Caitlin T. McCormack.
"Eve: Tell me now about entanglement. Einstein's spooky action at a distance. Is it related to quantum theory?
Adam: Hm. No i mean, it's not an Theory it's proven
Eve: How it's go again?
Adam:When you separate an entwined particle and you move both parts away from the other,even at opposite ends of the universe, if you alter or affect one, the other will be identically altered or affected.
Eve: Spooky. Even at opposite ends of the universe?
Currently Watching: "Only Lovers Left Alive" for the umpteenth time & "Peaky Blinders"
Currently Reading: NO by Boyd Rice & Wolf Hall by Mary Mantel & Pale Blue Dot: A Vision of the Human Future in Space by Carl Sagan
Currently Listening To: Rain and my thoughts of ghosts filling rooms