I had the opportunity through Downtown Bruin Professionals to moderate a panel discussion at the PYO gallery on art collecting.
We had a very engaging and informative panel. The discussion talked about what the different roles in the art world among them the collector, the gallerist, the art consultant, museum and auction house.
People collect for various reasons but mostly that they love the piece they are purchasing. Art is also an investment and many artists appreciate in value over the years. There are factors that attribute to the increase in pricing. Where one can find art? …. How does one start? Visiting the art walks in the area and in your community is a start.
Los Angeles is more and more creating a “buzz” both nationally and internationally as a leader in the arts community. We are the largest living artist city with many museums, galleries and also art walks. You can find out more about them via a publication and online resource called ArtScene , LA Weekly would be another.
Find out what you like and see several different kinds of work…so you have a direction of what type of art speaks to you personally. You then can focus and narrow down the galleries that would carry similar genre of work. You can also work with an art consultant who will help you with this process. Ask questions about the artist, the process where it has been shown before.
You can start art collecting with very little money. You can pick up a small work from an Emerging artist, someone who is just starting to exhibit their work or and then follow the artist through their careers and see how their body of work changes. Mid Career artists are working professionals with at least 10 years experience. They have had a number of prominent shows and their work is in collections. These artists have established that their prices have gone up from when they started. Established artists often have their work hanging in museums and are featured in magazines.