Ngày đăng 31-01-2021Lượt xem: 696
Warren Buffett
According to the Oxford English dictionary, art investment has two versions, defined as follows: (1) - Using the money to purchase property with the expectation that the property will bring profits in the future; (2) - Putting time, energy, and money into something with the expectation of a rewarding payoff. When it comes to the fact that anyone can be successful in art, people often use the second definition of the translation above. Because serious investment in art satisfies personal tastes, provides a wealth of knowledge about humanity, cultures and multidimensional perspectives. Applying this approach in your long-term learning will help you become a "connoisseur" (art expert).
an auction by Sotheby’s
While we are not an economist, we can see a connection of a very famous Warren Buffet theory of successful investment and art collection, which can still liberate. artistic stereotypes in the form of common property.
In Melanie Gerlin's new publication, "Art as An Investment - A Survey of Comparative Assets" (Art as an Investment - A Survey of Similar Assets) has shown the definition of art as Other property types are extremely lame. In addition, the Barclays survey of super-rich collectors shows that these customers collect based on personal feelings, financial factors are secondary. Buffet's policy is to invest in the company with the expectation of life-long commitment and "value investment". Applied to the art world, research and enduring cohesion in the art world serve as a foundation stone for when deciding to invest in an artist, in the hope that this is connected with the artist's life. If you invest in artists by developing your own knowledge, towards creating lasting relationships with them, and with galleries or organizations that support their career development, or more; Your art collection has the potential to become an asset that is passed on to your children and grandchildren, or even to the community in the future.
Because if what you're looking for is instantaneous value like stocks, art is not for you.
“Air Power” by Jean-Michel Basquiat at Sotheby’s in London.
This method of investment is completely different from buying and selling according to the constantly changing "new" trends of the times. Because if what you're looking for is instantaneous value like stocks, art isn't for you because this is a life's passion. According to Buffet, "The equity market is a short-term popularity struggle, and a useless long-term balance of value." The art market also has constant new trends, and those influenced by them often lose money in vain.
Impressionism was the first movement in modern art and had a great influence on the artistic development of the twentieth century. On the contrary, if you take into account the status of an artist in art history and long-term development, you will become a true art collector. At the end of the 19th decade and in the early 20s, the Impression race for fame had shown a disgraceful defeat, but the balance of art history showed the school's influence. this sect goes far beyond the rest of the movements. At first glance, the judging process of art history seems to be accelerating, however, the majority of artists can only be identified in their later career development. Becoming an art professional requires steadfastness. In fact, shortcuts might lead you to your destination faster, but it all takes time, effort, and money. One of the best things for you is to communicate with your artists, collectors, critics. Besides, practice my aesthetics by spending time reviewing works within the amount of time you may have. One of the art collectors I have worked with said that in his life he had viewed 10,000 works of art. In case you don't have enough time to do this, consider aesthetically pleasing from a professional reviewer.
Bhupen Khakhar, You Can’t Please All, 1981, oil paint on canvas, 175 x 175 cm (Tate)
Start by asking yourself questions like what your passions are, what motivates you, or what inspires you. By developing these mindsets, you can focus on learning, experiencing, and enriching the collection. When you start, works used indoors will create an emotional response to you. These emotional connections are paramount when you have long-term goals as they will keep your work fresh for years to come. Suppose you are someone who likes exciting nights, or extreme sports, looking to buy works full of energy and vitality. Or if you are a calm and nature-loving person who prefers the gentle relaxation of meditation practice, watch works that generate the same kind of emotion. In case you are interested in historical topics, the political shaping of your own country or another country, look for artists working on that topic such as gathering, dissecting. and redefining history.
Art is an intense personal emotional experience, and there are celebrated artists and works.
Le Minh Phong's painting
When you begin a relationship with an artist, or work, you need to get as much information about that person as you can. The kind of information you need to know can range from art schools, human qualities, to co-artists, galleries, museums and sponsored bipolar exhibitions. These resources will contribute to give you a complete picture of that artist. At this point, you can begin to develop networks of relationships with respective qualifications. If you're living in Southeast Asia, consider works from artists in the midst of careers; or if you love the European Master of Modern Art, collecting printed publications. If you like the street art scene in Paris, use that as the foundation of your relationships. Collected from many artists, especially contemporary artists, in those relationships. Some will advance in their careers later on, others will not.
“Sài Gòn, cây xanh và đổ nát” – Freddy Nadolny Poustochkine – 2019. Bột màu trên giấy – 32.7 x 14 cm.
Regardless of what you decide to spend, make sure you pick the artist's best work for the price scale you bought. Although in the art world there is no such clear market as stocks, the explosion of online resources and price indexes over the past 10 years is still useful. However, the data provided by auctions can only give you a small portion of the iceberg. Preparing for this journey will cost you a great deal of time, money and effort. If you plan to spend a lot of money, consider valuable advice, anticipate recovery times, and clearly define its decision and its impact before you actually stick with it for the long term. Art collection is a learning process, and sometimes major collectors find work bought five or 10 years ago that needs to be reinvested in newer works - this is an important practice. in the art world that I will cover more deeply in my next article.
Ai Weiwei, Sunflower Seeds, 2010, porcelain, overall display dimensions variable (Tate)
In order to capture the essence of collector and art specialist, I would like to share with you a story from my collector friend. He really spent a lot of time getting to know an important artist in every contact with the gallery, curators and critics. After a long deliberation, he chose to buy a special production and replace it as the TV at home. Since then, he comes home from work every day and enjoys it instead of spending time watching TV. The work inspired him, attracted him, created space for him to relax, and from there turned into a completely worthwhile investment.
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