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Updated by Joanna James on Sep 13, 2018
Headline for Tips when buying your first piece of Art – On the way to becoming a collector
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Joanna James Joanna James
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Tips when buying your first piece of Art – On the way to becoming a collector

Buying art is something one would do for the love of beautiful things but it can be a good investment as well.

1

Research

Before you buy any kind of art whether you are interested in the Sri Lanka art arena or any other type of art, conducting thorough research will help you make a wise choice. Visit a few art galleries and museums before you make up your mind. Make inquiries about art purchases from fellow art lovers, artists and veteran buyers. Familiarize yourself with art to make an informed decision. The more you see collections of art easier it will be for you to figure out your own style and what you would love to have.

2

Consider your budget

Sometimes when you are eager to begin an art collection, you can go a little overboard and spend more than you can afford. In order to avoid falling into the trap of overspending, set a budget before you make up your mind to start your collection. Don't forget to consider the cost of shipping, insurance and framing your pieces.

3

Consult experts

The world of art tends to be more complex than we expect. For a first timer, it can be difficult to comprehend and navigate. Talk to veteran collectors and consultants who will be able to arm you with valuable insights. It is possible to ask for a discount when you buy a piece from a gallery if you are a collector and do business with them frequently. Find out more about galleries in your region. Visit places such as Sri Lankan Art Gallery and talk to experts. The secret to becoming a good collector is to build good relationships.

4

Size matters

If you are not mindful, you may end up with a work of art that is beautiful but is disproportionate with your display space. Make a mental note of the available display space in your home and how the room will look once a certain piece is mounted on the wall.

5

Invest wisely

Young and emerging artists will provide you with great works of art at inexpensive rates. Those will increase in value once the artists become celebrated personnel in the art world. Even though decorative pieces are wonderful to own, the right kind of investment can work out well for you and your loved ones later.

6

Buy what you love

While you consider all of the above, don't get lost in a maze of purchase decisions. Remember why you first decided to buy art and go for pieces that make you happy or stir up emotions worth exploring. When it comes to art it is advisable not to be impulsive but you can always trust your heart and intuition.

7

Keep a record

Don't forget to keep a record of your purchases along with the receipts, invoices, letters of authentication etc. These will come in handy if you decide to sell your pieces later. In any case, you need to be able to prove the authenticity of your purchase to maintain its value.