The May 2010 issue of Moneysense magazine has a great article about buying art and how great it is!
The article explains to its readers how its time for everyone to take down their Michael Jordon dunk shot posters and framed Monet prints and put up some original art! Understanding that this can be an intimidating experience for many people writer Mark Anderson walks virgin art buyers through the process of selecting the best artwork for their home.
Anderson explains that you should buy what you love. Art can’t always be about investment, let’s face it the market is just too unpredictable. “Don’t buy what other people tell you to,” says Peter Simpson, arts editor of the Ottawa Citizen and avid art collector. Buying art that you love means you are going to be happy everyday you wake up to it.
The article tells art buyers to avoid hesitation. He who hesitates looses out! The thing about original art is that… well… it’s original! If you like something chances are so will a lot of other people and there is only one, so jump on it!
Anderson then demystifies the gallery experience. Explaining that you shouldn’t be intimidated or feel like you need to have a Fine Arts degree to enter a gallery. “You’re ultimately the only expert on what you like.” says Simpson.
For all of you artists out there Anderson also talks about the always confusing pricing structure of artwork! “The art market is perhaps one of the least efficient markets on earth… painting of seemingly similar quality can be priced tens of thousands of dollars apart”.
I found this article pretty interesting, with a lot of good points for the artist and patron. It doesn’t seem to be up on the website but I am sure you can find a copy of the magazine at your local bookstore!