Quote:
Originally Posted by Cappy
Hi everyone,
As the title suggests, I am interested in purchasing some original art.
I have an artist that I have been following for a long time and think I am finally ready to buy a piece; however, As a beginner "collector" I am wondering if anyone has some advice on the process.
The artist in question has work that is usually presented in Galleries in town and throughout Canada. Also, it appears to pop up in auctions every so often.
Are these the best way to purchase?
Any suggestions appreciated!
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Oh fun! It's a great environment to be involved in. I'm no expert, but I've started collecting over the last 3 years. What kinds of work do you like?
My first recommendation is to look at a lot of art and visit with the staff in the galleries - they are usually knowledgeable and passionate about the artists they feature. Buying in a gallery is the most expensive option but gives you the luxury of choice. Staff can keep you appraised of new releases coming from your preferred artist so you can have the widest choice.
Some artists will sell direct as well, but usually it is no less expensive than what they would sell for in a gallery - you just get a chance to meet and build a relationship with the creator and maybe find some pieces that are outside of their usual oeuvre.
Auctions are fun too. I created a small database of the artists i like that tracks the sizes and prices their pieces have gone for in the local market. Remember that at most auction houses you'll pay 15 - 20% fee on top of the hammer price plus GST. Typically auction prices are about 1/3 of what the same size pieces go for in a gallery - the down side is that there isn't much selection (some artists i follow only have 2 -3 pieces a year that are auctioned). If you are YYC local,
Hodgins has an auction currently going - they feature a range of local and Canadian art and typically have a lot of affordable pieces (i suspect 90% will close for less than $3k and I've picked up several nice pieces for less than $500). There are a few other local houses that I've purchased from as well, but they tend to have higher prices and have events less frequently.