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Minggu, 06 Oktober 2013

Collecting Fine Art - Some Advice

Great original art gives and lives inside the owner. It distinguishes him/her as an individual. It's best to become informed by utilizing museums, galleries, auction houses, other collectors, art books & periodicals. What is the state of the current art scene? Allow yourself to form opinions. The bottom line must be what turns you on. Do you enjoy subjective or abstract art? Is there an historical period that appeals to you or are you interested in what is being done today (contemporary)? Will your collection focus on a particular region, medium or subject? Do you prefer a certain genre, i.e. impressionism, expressionism, realism. Many people prefer to build an eclectic collection, whereas others prefer to specialize in one type of art. Be careful to avoid fashion trends.
What do you need to look for in a work of art? There are many ways to appreciate and determine quality in fine art. Depending on the artwork in question some elements are more important than others. Breaking a work down into its elemental parts, however, is essential. What is the aesthetic and historical relevance? Aspects such as composition, color, surface, mannerliness, and expressiveness are very important in an abstract piece. Whereas, the narrative, subject, paint quality, play of light or draftsmanship might be more important in realism. Become acquainted with the jargon of art. Understand the difference and function of "decorative art" vs. "fine art." Be concerned about archival quality-will it stand up over time? Learn to recognize quality in all its aspects.
The value of a work of art is not necessarily the same as it's cost. As with any purchase the art consumer is looking for the value to be greater than the cost. Or, put another way, equity is the difference between the purchase price and the appraisal value. Art collectors are savvier today, not as subject to hype and the empty promises of huge investment turn-arounds. Even though art collecting is still one of the best long term investments around it is unrealistic to buy art for the sole purpose of making a financial killing. The bottom line is this: is the personal satisfaction and value you will derive from owning the work of art worth the cost? Watch out for dubious Limited edition prints or starving artist fare, dressed up to look like art.
What makes for a good art investment? In contemporary circles, one determines prices based on the quality of art, the stature of the artist (gallery/museum shows, awards, notoriety, collections, provenance of works, etc) and the fair market value of his/her work. Emerging artists are a good long-term investment if their work is of consistently high quality and if the artist has proven he/she is on a solid career track.
An investment in art will likely appreciate if the work in question has beauty and originality in its favor. Did you know that five percent of the population controls 90 percent of the wealth; these people buy and sell art. Do they know something we don't know? Don't throw your money away but don't be part of the woulda, coulda, shoulda club either. Trust your instincts. How many great pleasures, how many opportunities have passed you by because you didn't trust your instincts? Great artists have a way of tapping into the pleasure centers of the brain. Collecting their art is a kick. If you've been sitting on the bench, get into the game!
Since 1980, Robert Maniscalco's exquisite oil portraits and fine art have become part of over 850 distinguished private and public collections throughout North America. Born in Detroit in 1959, he is the son of internationally renowned portrait artist Joseph Maniscalco, with whom he apprenticed during the early 1980's. He moved to New York City in 1986 where he continued his studies and professional activities. In NYC he also worked as an actor and director on numerous stage, film and TV projects. He returned to Detroit in 1997 after a three year residency in New Orleans. In Detroit he founded the Maniscalco Gallery, which showcased many local and international artists. As host of Art Beat, the critically acclaimed PBS series on Detroit Public Television, he explored the creative process with his celebrated guests.
Excerpt from "Point of Art" by Robert Maniscalco, advice for the serious artist.
Visit my latest SCAN -with recent arts news and information from Robert Maniscalco.

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