For anyone who thinks they might ever own art, first, I highly recommend it. I love art. I don't even know why. But it makes me happy. I think what it comes down to is pride and satisfaction that in some way, my society has makers, one of whom made this thing to put it in the world, ultimately. That's the only reason it was made. Art is art. And everything else, is everything else.
Second, read Don Thompson's The Twelve Million Dollar Stuffed Shark.* He's an economist who took a deep dive into the very dysfunctional world of expensive art. What he leaves you with is a better understanding of the situation: screw investment. Saatchi buys art because he loves art. Yes, he's built a fortune on it, but he also has the largest collection of undisplayed art, and it's estimated the average value of any piece in his collection may be no more than the world-wide average. But he plays his role well, and his role, an ad man, integrates very well with the scene.
If you want art, buy it. But I recommend buying local. Art is the ultimate buy-local situation. My brother is an artist. That's as local as it gets. And his is the best art I own.
I'm starting to realize a little of Saatchi's situation: if you want to show, really show, those favorite pieces, then you have to give them a lot of wall space. Which means a lot of stuff, good stuff, ends up in crates. You realize you're willing to sell it just because it breaks your heart for it to not be shown. But you'll be damned before you let it hang on a wall where it wouldn't be appreciated at all.
If you don't know many artists (if it wasn't for my brother's inside access, I would know none), I think this Amazon Fine Art thing is a fine place to start. Check the under $200 category. There's some really great pieces in there.
The other things are craigslist and gallery mailing lists. Sign up. You'll learn if your city tends to do openings on Wednesdays, Thursdays, etc. The whole scene tends to get into sync. Meet some artists. If you have something particular, a desk, a portrait, I don't know many artists who are unwilling to work on commission. Guaranteed money is hard to come by in the art world.
Second, read Don Thompson's The Twelve Million Dollar Stuffed Shark.* He's an economist who took a deep dive into the very dysfunctional world of expensive art. What he leaves you with is a better understanding of the situation: screw investment. Saatchi buys art because he loves art. Yes, he's built a fortune on it, but he also has the largest collection of undisplayed art, and it's estimated the average value of any piece in his collection may be no more than the world-wide average. But he plays his role well, and his role, an ad man, integrates very well with the scene.
If you want art, buy it. But I recommend buying local. Art is the ultimate buy-local situation. My brother is an artist. That's as local as it gets. And his is the best art I own.
I'm starting to realize a little of Saatchi's situation: if you want to show, really show, those favorite pieces, then you have to give them a lot of wall space. Which means a lot of stuff, good stuff, ends up in crates. You realize you're willing to sell it just because it breaks your heart for it to not be shown. But you'll be damned before you let it hang on a wall where it wouldn't be appreciated at all.
If you don't know many artists (if it wasn't for my brother's inside access, I would know none), I think this Amazon Fine Art thing is a fine place to start. Check the under $200 category. There's some really great pieces in there.
The other things are craigslist and gallery mailing lists. Sign up. You'll learn if your city tends to do openings on Wednesdays, Thursdays, etc. The whole scene tends to get into sync. Meet some artists. If you have something particular, a desk, a portrait, I don't know many artists who are unwilling to work on commission. Guaranteed money is hard to come by in the art world.
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*http://www.amazon.com/The-Million-Stuffed-Shark-Contemporary...