I meet Niloufar Bakhtiar Bakhtiari on the Monday after Frieze week. I thought the madness was behind me. However, as soon as she greets me into her Chelsea residence in London, she tells me she will be receiving for installation, during our interview, a piece she just bought at the art fair.
What is good for Warren Buffett is good for art. Frieze week is around the corner and the inevitable questions about the art market come up. Is it the right time to buy art? Will a purchase sustain its value?
Purchasing your first artwork and starting an art collection shouldn’t feel like a daunting task. You may be well versed on what it is that you want but if you are not, that is ok too. This doesn’t need to be a life-defining moment with a clear path on what artists, medium or theme you are interested in. Have fun, follow some sensible steps and time will do the rest.
My top tips on purchasing your first artwork…
Adding to the visual abundance we will see in the week ahead during Art Basel seems redundant. What follows is my contribution to art collecting with sensitivity.
PhotoLondon fair is opening to the public this Thursday at Somerset House in London. This means photography exhibitions, talks, events and auctions galore. I have created a little collectors’ checklist as well as some highlights of the auctions coming up.