6 TIPS FOR COLLECTOR ACCORDING TO MARY ROZELL
How to start collecting art according to an expert
You’ve always wanted to collect art, but you don’t know where to start? Here are suggestions from Mary Rozell, Global Head of UBS Art Collection, for collectors.
An expert in international art collections, Mary Rozell has been the head of the UBS Art Collection since 2015, where she manages the bank’s collection, which to date numbers over 35,000 works, including paintings, photographs, drawings, prints, video installations and contemporary art sculptures, with many masterpieces by Jean-Michel Basquiat, Lucian Freud and Roy Lichtenstein.
According to Rozell there are 6 tips to take your first steps in the world of collecting: here they are!
Collect the art you like and not the market trends
Rule number one: collect the art you are passionate about. Buy only what intellectually stimulates you and visually excites you. Do not follow market trends: art is a passion, before it is an investment.
Take time to research and develop your eye
Before purchasing it is important to do research. Then visit exhibitions in museums and galleries, read and inform as much as possible. Talking to artists and professionals is a great way to get to know the art market in depth.
Managing a collection is no joke
Most collectors think that collecting art is a simple hobby. Actually owning a collection requires a great responsibility and targeted actions for its proper management.
Consider potential challenges, especially when buying new media
Thanks to technological development such as Virtual Reality and Artificial Intelligence, in recent years we have witnessed a boom in new media collecting. However, before buying this kind of art it is important to understand how to preserve it.
Online platforms for a new collection
Following the crisis of COVID-19 the art world has experienced a real digital revolution. The Online Viewing Rooms, fairs and online auctions offered multiple learning opportunities and represented a new frontier for collecting.
Embrace the adventure
One of the most important qualities of a true collector is the willingness to take risks, which often means being able to anticipate the market, being visionary and daring.
Collecting art is not a luxury for the few, but a pleasure granted to everyone, as long as you are aware of the risks and commitments, not only economic, that this practice involves. For this reason there are platforms like Art Rights, able to guide you in the proper management of your collection, especially if you are just starting out.
With the Art Rights platform you will also find the best professions that will help you create your collection, to do so discover the Art Concierge of Art Rights, the largest community of art professionals.
And you, are you ready to start your collection?
Photo Credits: 2016©AntoineBootz
