Buying Art for Money or Love?
Charles Dupplin works for the London based insurer Hiscox, and has wrote a few tips on collecting art. Hiscox also has its own collection of contemporary art here.
Dupplin's 3 tips for investing in art include..
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Buy only what you like - Makes sense to me.
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Insure your collection properly - Of course he would say that, he works at an insurance company that insures art. But seriously, if your art collection is of a decent value it would be stupid not to.
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Don’t be a magpie - He means don't hang on to something if you don't like it. Let it go, keep your art collection fluid.
He also mentions that a work does not have to cost a lot to be enjoyable art..
"Finally, it’s worth noting that the first piece of art that I ever bought cost me £22. Once infected with the bug, I continued to buy more and more expensive pieces, but the £22 piece of art hangs above my desk at home in London. I have never lost the enjoyment that I get from it." Read the full article at ArtInfo
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