Pages Menu
Categories Menu

Posted on Feb 12, 2018

Steps to become a private art collector in the city of Miami

So you live in the beautiful, sunny city of Miami Florida and you want to find something fun to do as a hobby in your spare time but also something that can be lucrative as well. Art collecting could be the perfect thing for you! Art collecting is very popular in the high society world celebrities such as Pharell Williams, George Lindemann, Leonardo Dicaprio, and Sir Elton John all have extensive collections of art. As a private art collector you have the flexibility to invest in what you want to invest in and the fun of having a hobby and something fun to do in your spare time. Being a private art collector is a great investment opportunity but only if the right steps are taken in order to properly start your collection.

The first step to starting your own private art collection is to make sure you have ample space. Art work can take up a lot of space and it is not something you can just squeeze into a corner, as it is very expensive and needs to be properly stored. The first thing you need to do is find a room in your house that you want to dedicate to just your art collection and make sure you clean it out and buy any necessary equipment or storage units that you may need in order to set up your collection.

The next step you need to take when trying to become a private art collector is to budget accordingly. Collecting art can be a very great investment; however, it is very expensive to get started. Art collections and even individual pieces can cost thousands of dollars and if you are trying to start a one of a kind collection for yourself it will not be a cheap startup cost. You need to set aside however much money you are willing to spend on your first piece of artwork and then continue to track all expenses you incur due to the art collection. After you budget, you then need to be careful not to exceed that budget or you may end up losing a lot of money and not actually ever making a profit.

The last and final step to starting your own private art collection would be to network by holding art openings and other fun social events. As an art collector you will need the company of other art collectors in order to succeed. You need to display your pieces of art by holding an art opening event and make sure to talk to as many people as you can. Collecting art is not only about the art but also about the people buying and selling the art.