Some collectors indulge in a gulp-strategy and tap a pre-planned reserve or windfall earning to pick up a rare bargain or a masterpiece beyond the regular fare. Either way, there should be enough holding capacity. At times, a high buying offer could be a ploy to draw sales for other works in the same series by an artist- that are not otherwise traceable. This often happens because the work or whole series is sought several years after its creation, and multiple ownership changes may take place.
Tuesday, September 27, 2011
Is art an investment? (A series in 6 parts)
PART III -The art collector
Like any prudent investor, a collector generally uses a nibble-strategy, picking one kind of work to build a directed or focused collection.
Corporate and institutional collectors play a major role. Many of our corporate houses regularly acquire and showcase their collections at their headquarters even if access is limited. Sponsoring and hosting art camps by seasoned collectors are also in vogue. There are a number of art clubs, and genuine art workshops that are perhaps launched with a view to create a comprehensively aware base in the Indian art world. But factors inherent to these very activities have today resulted in the hype that surrounds the purchase and value of a painting.