5 Reasons Why Collecting Art Is For You

Patrick Guyton Park West Gallery

A collector’s Patrick Guyton artwork.

According to the 2017 Culture Track Report, the top response people provide when faced with a new cultural activity is, simply, “It’s not for someone like me.”

It’s easy to believe this when thinking about fine art, or even art collecting, especially when multimillion dollar auction results supports the idea that art is only for the wealthy or those “in-the-know.”

However, collecting art is a cultural activity that anyone can enjoy. There is no need to be an expert in art, and you don’t need to break the bank to own an original work of art.

Park West Gallery was founded on the notion that fine art should be accessible to everyone, so if you have doubts that collecting art is for you, let us help put them to rest.

Here are five reasons why you shouldn’t hesitate when it comes to trying your hand at collecting art.

 

1. You Can Collect What You Enjoy

Lady in Red Orlando Quevedo Park West Gallery

Lady in Red” (2017), Orlando Quevedo

This is arguably the most important reason to collect art—because you like how it looks. Your collection can focus on a certain subject, a specific artist, a particular time period, or none of the above. It is yours to curate as you see fit.

There is research to back up this claim. In a 2012 study from Barclays UK—which polled 2,000 wealthy individuals from over 17 different countries—75 percent of the survey respondents said that personal enjoyment was the primary reason why they purchased fine art.

So even the people who can attend record-breaking auctions are doing it because it makes them feel good.

 

2. There’s No Need to Be Afraid

park west gallery art auctions

Park West art teams are happy to answer any questions.

Don’t worry if you don’t know the difference between a serigraph and a lithograph. If you have little to no experience with art, galleries and museums are great places to learn.

It’s one of the reasons why Park West has teams of art consultants available to answer any questions, because the best way to learn about art is to share your curiosity with others. There are no dumb questions. The only question you should ever regret is the one you never asked.

 

3. You Set the Budget

Park West Gallery display art

Photo courtesy of Tommy

One-of-a-kind art is amazing to own, but sometimes it isn’t in the budget. Many artists create limited edition works for the express purpose of sharing their artistic vision with as many people as possible. As such, limited edition works like giclées or serigraphs are great for collectors looking for art at affordable prices.

Setting a budget helps limit you to what you like, but don’t be afraid to spend a little more for artwork you love.

 

4. It’s a Great Way to Support the Arts

Autumn de Forest art

Autumn de Forest teaches an art class at the Monthaven Arts and Cultural Center in Tennessee.

According to the TEFAF 2017 Global Art Market Report, the total global sales of art in 2016 were $45 billion.

While that’s an impressive number, it’s also a potent reminder that the arts play an important role in the global economy. Yes, art makes us happy, but it also funds important civic programs through our taxes and at the same time employs people around the world.

When you purchase artwork, you’re not just buying a pretty image. You’re also helping the arts make a difference in the world in a real, concrete way.

 

5. You Will Be Creating a Legacy

Chances are your art collection won’t rival the collections left behind by industry titans like J. Paul Getty or Solomon R. Guggenheim, but that doesn’t mean it won’t be treasured by future generations. Even if you don’t inspire your own museum, an art collection can become a prized heirloom, giving you a real and emotional legacy to hand down to your friends and family.

In the end, collecting art is something that is meant to be enjoyed. Whether you view it as a scavenger hunt, a great way to expand your horizons, or simply a way to brighten your home, collecting can be an enriching and rewarding experience for everyone.

To learn more about the art available at Park West Gallery, view our online collections or contact our gallery consultants at (800) 521-9654 ext. 4 during business hours or sales@parkwestgallery.com.

3 Responses to 5 Reasons Why Collecting Art Is For You

  1. Anna Varela says:

    My husband and live on a small income and manage to buy original artworks on what we can afford. Glad you are sharing this information. My husband and I are artists and at times, we lower our prices so that one can own our piece. My issue is i think we give our pieces away due to low pricing our work. Sometimes we get into argunents because i feel my husband practically gives his away. It takes me one to two weeks to complete a small painting and it takes him a day to a week. He said,” I can make lots of them quickly.” He also said, “people here won’t pay for the value that it is. Yes, he can produce in abundance , but he is getting older and doesn’t produce as much. I feel he is devaluing his artwork. His name is,Benjamin Varela, a Puerto Rican artist born in NEW YORK BUT RESIDES IN THE RIO GRANDE VALLEY IN DEEP SOUTH TEXAS IN A SMALL TOWN NAME ELSA, TEXAS. He stipples his works in black and white to create a black and white form and adds a tranluscent color on top of his composition. He call his technique grisaille. His favorite artist is Chuck Close. I need someone to convince him that he is important and his works should be valued accordingly. I did, i price his works now. This information helped! If people like it they will buy it. If people can’t afford a piece there are other means to create works that they can afford. That is what we are now doing. So we are good!

  2. Brenda L Lorenz says:

    At every auction I went to on all the cruises I’ve taken, they mention that Park West has a Buy-Back program.
    Is this still the case??

    • parkwestgal says:

      Hello Brenda! We have provided your question to our Client Services department and one of our representatives will be reaching out to you soon.

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