For anyone thinking about starting an art collection or wanting to understand more about how the contemporary art market works, Nanda Hobbs has produced a wonderful series of free resources, available to download from their website.
Short, sharp e-publications designed to build your art market knowledge and help you start or expand your collection, they have been designed to help you discover the five key criteria that make an artist collectable while outlining investment strategies that generate income from art, including how to navigate the Indigenous art market and much more.
Nanda\Hobbs is passionate about art, supporting artists and building collections of the best contemporary art. They have some of the most talented artists in Australia and abroad in their stable and produce a diverse exhibition program from their Sydney gallery and via international art fairs.
Their guide titled How The Art Market Works, explains and outlines the two sides of the market (primary and secondary) and defines the role of the main protagonists–galleries, dealers, art consultants and auction houses. It gives tips on how to buy at auction and explains the complex process of determining artwork pricing, both for the primary and secondary market.
The Investing In Art – Why + How resource shows you how to create a portfolio of ‘hard assets’ and talks about how art in a portfolio context can diversify and insulate against economic volatility. There’s also a bit on how to find the next big names, how prices are determined and how to earn money from your art investments.
Our top tip – start small by investing in emerging and upcoming artists and always only buy what you love!