Start with a budget – Know how much you want to spend before you go looking for an art piece. If your budget is under 300 Euros, you can find limited edition prints from more established artists or small original paintings from emerging artists. Your price range will determine the type of art you can afford to collect.
Buy art because you love it – Regional and emerging artists may become global players and they may not. If you are focusing on artists in this niche, make sure you love their artwork and enjoy the process of promoting an artist. Do not buy emerging artists or regional art purely for investment.
Where will you put the art piece? Are your walls wide enough, the ceilings high enough? Do you have dogs that might chew on a paper sculpture or children who will use your art piece as part of their makeshift fort? Think about the art piece and how you will interact with it during your daily life. If you don’t have a place in your house, do you have someplace to store art? Make sure the art piece fits your lifestyle before you invest your money. You don’t want an art piece that becomes an art albatross.
Figure out what you like and stick to it – If you want to build a collection, first decide what you like. You can figure out what artwork you like by visiting museums, galleries, art fairs and visiting websites. Once you figure out what kind of art you like, then you can move on to finding artists to collect.
Train your eye – BCA Munich shares artwork created by contemporary artists so you can familiarize yourself with the artwork from around Bavaria. It is important for collectors to see how art is evolving and to be able to spot trends. By collecting emerging artists, you’re helping set the trend of what artwork will be popular and collected in the future.