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    6Oct, 2022
    Tips for Starting an Art Collection

    Some of the top reasons to start an art collection are decorative purposes, the passion for arts, and investment. Irrespective of the reason, having good knowledge and time will help you make the best collection. Starting an art collection can be challenging, especially for beginners. Below are some tips to help.

    Define Your Goals

    The first step should be to determine your motivation and goals. That is because they will greatly influence your purchase decisions and affect the kind of art collection you will build. For example, the arts you buy should be limited to those that bring you joy if you intend to keep the collection for decorative and sentimental value.

    Set a Budget

    Making a budget will help you make better purchase decisions. Finding an art piece based on price is also a lot easier. For beginners, it is wiser to start with a low budget and then work your way up as you increase your confidence and understanding of art.

    Do Your Research

    Before you make any purchase, you should try immersing yourself in the world of art and research to get enough information regarding your art interests. The more you know about the art pieces of interest, the more enjoyable the experience of collecting art will be. You will also make informed decisions.

    Create Nice Storage or Display for the Art

    You should also prepare where you will store or display the art collection. That is especially the case for art items that are too delicate or too expensive. Whichever the case, ensure you have a place to keep your collection safely.

    14Sep, 2022
    Most Valuable Art Collections

    Throughout history, there have always been art collections that stood out among the rest. Currently, some of the most valuable art collections are worth billions of dollars. Below are the five most valuable art collections.

    David and Ezra Nahmad

    The art collection owned by these two brothers is ranked the most valuable art collection. It is currently worth more than three billion dollars. The two collect artwork as part of their business, which involves buying selling art in auctions.

    David Geffen

    David Geffen is a world-renowned art collector and philanthropist in the art world. He has an art collection centred on works of art from the midcentury. His art collection is worth approximately 2.3 billion dollars.

    Eli Broad

    Eli Broad has displayed his art collection in the Museum of Art CONTEMPORA neo in LA. The collection contains more than 5000 works of art. The entire collection is estimated to be worth more than 2.2 billion dollars.

    Philip Niarchos

    Niarchos purchased most of the items in his collection from actor Edward Robinson back in 1957. Over the years, he has increased his art collection to give it a current value of about 2.2 billion dollars. The collection includes Van Gogh works.

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