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How To Start An Art Collection If You’re Broke
You can be the next Peggy Guggenheim with -$ in the bank
Art Girls Jungle 21 Nov 2019

We all love supporting our favourite artists. Whether that’s going to shows, art fairs or posting their work all over our Instagram feeds, there’s no denying that art girls are artists’ biggest fans. But, how many of us can actually afford to buy their art? Probably, very few. Starting salaries in the art world are notoriously low, and don’t even get us started on unpaid internships. So, how then, do we go about owning artwork by the artists we love? Well my friends, that is where we are here to help you!
 
Buy Prints


Many of your favourite artists will make prints of their works that you can buy for a fraction of the price. Ok, you won’t have an original, but who cares? If you love the work then having it on display in your home will be enough, and you’ll still be supporting that artist you love. It’s a win-win.
 
Support Graduates And Emerging Artists


Probably one of the best ways to buy affordable art while supporting the Andy Warhols of the future is to buy from graduates and emerging artists. There are also great platforms to help you acquire their work like Auc.Art and Emergeast. These young talents will most likely be pricing their work low, so you’re much more likely to have the funds to purchase their pieces. It’s also an exciting game waiting to see whether they’ll fade away into the background or if they’ll sign with a blue-chip gallery.
 
Buy A Share In An Artwork

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Pablo Picasso, Femme dans un fauteuil, 1932. Purchased in 1995 for $1,872,500 and sold in 2003 for £4,406,650 ($7,299,109), resulting in a return of 3.8x for the seller. — Picasso’s “Woman in an armchair”, featured here, is a representation of one of the great loves and muses of the artist’s life, Marie-Therese Walter. The work was painted during a summer the two spent at Picasso’s Normandy chateau studio, Boisgeloup, following the first major retrospective of the artist’s work at Galerie Georges Petit where their affair was made public by the virtuous display of Walter’s inspiration on the walls. The artist was finally able to exert full freedom in his personal life and artistic practice, and created numerous paintings, including the sensuous, “Femme dans un fauteuil” pictured here. Last year in 2018, this period of Picasso’s work was the focus of an extensive exhibition at the Tate Modern entitled “Picasso 1932— Love, Fame, Tragedy”, which illustrated the year of Picasso’s life through over 100 works, with the highlight, “La reve (The Dream)”, which was reportedly purchased by Steve Cohen for $155 million in a private sale from Steve Wynn. #artfinance #artinvesting #invest #investing #investment #alternativeinvestments #money #business #investor #entrepreneur #property #finance #trading #wealth #financialfreedom #luxury #art #artist #artoninstagram #pablopicasso #modernart

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Very few people can afford to buy pieces by Picasso or Modigliani, but there are now initiatives like Masterworks that let you buy a share in an artwork that you might expect to see in a museum. They allow you to purchase shares that represent ownership in a painting, in a similar way to how people buy shares in companies, making art buying an investment.
 
Collect Experiences

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⁣????Thrilled to announce the upcoming newly commissioned performance by Nicole Bachmann @friendsfanzine in response to Tomaso Binga!⠀ ⠀ Working with dancers Patricia Langa @patricialanga, Legion Seven and Jia-Yu Corti @jiayucorti, Bachmann calls upon a community of bodies and voices to think and feel differently, to stretch linguistic, social and architectural structures and rethink the connections.⠀ ⠀ The performance is durational and will happen twice: ????Saturday 16th 3-5pm and ????Sunday 17th 3-5pm. ⠀ ⠀ ❗️Link to book your FREE ticket in our stories and in bio⠀ ⠀ #nicolebachmann #tomasobinga #language #communication #performance #dance #voice #contemporaryart⠀ ⠀ ✨Supported by Arts Council England @aceagrams , Swiss Arts Council Pro Helvetia @prohelvetia & Swiss Cultural Fund UK @swissculturalfund

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More and more art is performative these days, meaning that it’s very difficult to actually purchase. Instead of buying paintings, why not collect experiences? Pop along to museums to see performance artists live in action; they’re often free and will make great dinner party conversation. So, while you won’t technically have anything tangible from this, you’ll have something money can’t buy.
 
Befriend An Artist

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My portrait by Coral-Leigh Ismail ????

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And last but not least, why not make friends with an artist. Who knows, you might get lucky and be gifted an artwork, or better still, they’ll make your portrait.
 
Text Lizzy Vartanian

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