Miami is a city in which to become and art collector is not only easy but enjoyable and exhilarating. The vast selection of art available here makes it an enjoyable, educational, and profitable venture.
Art collector like George Lindemann are an individual breed. They reinforces their creative skills with art surrounding them. They gets up every morning and enjoys viewing her collection. Owning a piece of history in the form of art is way not only preserve the past but also keep it safe for posterity.
There are several steps to become an art collector in Miami.
The first and foremost step is to start looking. Any collector will have to spend time looking and hunting for what she wants. Going around and searching through galleries, online sites, and other venues is an exhilarating exercise in itself. It is a good idea to take notes on the art and then come again for a second look.
Do not hesitate to ask a lot of questions. If a dealer or seller refuses to answer questions, walk away from the deal. Doing research and preparing a list of questions ahead of time is a good idea. Another benefit of asking questions is that the answers can provide fantastic leads, e.g. other shows or galleries where related art is on display. Some art shows are low-key and mostly advertised by word of mouth.
There are two types of investors: one collects art for fun and the other “invests” in art. An important step for the newbie collector to consider; if it is for fun, then the looking and asking questions will be of a different kind than an investing collector. Of course, she can be doing both if time and funds permit.
The next step is to budget for the collection. The price of art can vary from a few hundred dollars to millions. If she has a small budget, then she can start buying photographs and other prints that cost $400, $500 or $1000.
A common mistake made by the newbie investor is to buy something somebody suggested. Impulse buying can later lead to disappointment.
There are some famous celebrities collecting art in the Miami area. Leonardo DiCaprio is spotted traveling to art shows in Miami to add to his collection. Pharrell William, a producer, and singer possess a varied collection of contemporary sculptures. The annual Art Basel is an event to find and acquire new works along with spotting celebrities.
The vibrant art scene is Miami is an excellent place to begin an art collection. Investors and collectors in Miami give also give a boost to young and upcoming artists.