This summary is brought to you by Patrons MCAA. Patrons is a comprehensive art advisory firm that helps private and corporate art collectors diversify their wealth through art collection, appraisal, packaging and transportation, storage, insurance, l maintenance and restoration.
As the sun rises in the east and sets in the west, the wealthy diversify their wealth through art collections. Anyone who wants to use art as an investment vehicle can get started. There is more to discover and explore in the art industry than ever before. As more and more emerging artists make their mark in the industry, an equal emerging community of collectors sponsors these artists.
How should I go about building my first collection of emerging art? What artists should I watch? What key points should I consider? Who should I contact to make my first purchase(s)?
Decor, investment or something else, whatever your reasons for collecting or wanting to collect art, these mediums can help you:
GRANTS AND AWARDS TO ARTISTS
Major institutions invested in the arts typically issue open calls for residencies, fellowships, group exhibitions, and other unique art projects annually and sometimes multiple times per year. They use this as a strategy to discover noteworthy emerging artists. The participation of artists in these programs gives them great visibility. They get the stamp of approval from the sponsoring institution, but they also get access to its community of collectors.
Because they are just getting started, it is easier for a small gallery to represent an emerging artist than to define a fairly established one. If an artist performs well in the art markets, these galleries will take the opportunity to boost an artist’s career.
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Over the past few years, the popularity of popular social media platforms such as Facebook and Instagram has not gone unnoticed by art industry stakeholders. Many artists have benefited from discovery, fame, and eventual representation outside of social media simply by showcasing their artwork.
Some artists take their use of social media even further than simply exhibiting newly created artwork. They use it as a way to build a loyal following and build deeper connections with audiences by showing them BTS — “behind the scenes” — how they work, how they conceptualize art, and virtual studio tours. .
There are notable emerging artists who have been published. The keen interest of collectors in emerging artists makes art journals an excellent resource for discovering talented artists. Art journals educate readers by giving them great insight into an artist’s background, style, and work. Collectors can make informed purchasing decisions when purchasing an artist.
ART ADVISORS AND CONSULTANTS
Art advisors or consultants will help you build your collection. They will provide expert acquisition and resale advice that ensures you get the best value over time. Interested in hiring an art consultant for your group? Get in touch! Email [email protected] to get started.
In summary, art should be accessible, and you don’t have to be a wealthy person to get started. Armed with this knowledge, you can start building your emerging art collection with confidence. When you buy emerging art, you are investing in a well-balanced market; you play a small role in the career of the artist.
Until the next summary,