1. Buy art you love
If you only read one thing in the list, make sure this it is. At the end of the day, art is meant to be celebrated, enjoyed, admired, and most importantly it is meant to make you feel something. Buy art that strikes a chord in you and you would love to showcase in your own home.
'The Not So Quiet Storm'
2. Invest in relatively undiscovered artists
Get in before the art escalates in value! Investing in up and coming artists is the best way to kick start your collection. I suggest waiting until they are close to or have finished studying so they have consolidated their personal artistic styles.
Check out the list of artists you may not know (but should!)
Also have a look at the work for sale from the up and coming artists of ‘eleven’ http://thefincollection.com/collections/eleven
3. Avoid reproductions
While affordable and beautiful, reproductions of famous paintings (literally photographs of original paintings) will not increase in value. I highly suggest talking to the gallery assistant and asking to see what else is in the print racks. Etchings, block prints, and limited edition photographs are all a good way to start your collection and will increase in value if you ever chose to sell.
'I Listen to the Ocean and All I Hear is You'
4. Watch for edition numbers when buying prints
If you do chose to purchase a work that is an edition, watch for the print run number. You want to buy work that is rare and as exclusive as possible. Avoid prints with a high edition number. I would try and avoid anything over 50, unless there is only one left and it is by a lucrative artist. My advice is to try and buy original, exclusive works- think paintings, original sculptures
5. Do your research
Make sure the artist and the gallery and/or company you are buying from is reputable. You can assure registered art companies, galleries and auction houses will protect their artists and make sure they don’t sell forgeries.
'She was clearly a lesbian because she always had a good swig of whisky in her white wine'
6. Know the provenance
If you are spending up big on a work of art, make sure you know where it has been before. This is key when it comes to the resale value. You want expensive works to be part of private collections and to be exhibited in a couple of exhibitions prior.
'Bagged It (Headless)'
7. Get your work framed properly
This is key in protecting your works. There are plenty of good framers around Sydney ready to frame and defend your works from the elements. Invest in museum grade glass for UV protection and conservation- a must have if you are framing photographs.
8. Make sure it is signed
If it’s not, request a certificate of authenticity!