Andy'77
Junior Member
Posts โข 1,342
Likes โข 157
November 2006
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Money..., by Andy'77 on Jan 9, 2008 18:59:05 GMT 1, Don't worry, it's not another thread about investments, the credit card crunch etc. Well not directly anyway...
Just wondering how everyone else rationalises art purchases. I know when I first started buying prints in early 2006 I didn't go for the signed Failes on POW because they were too much at ยฃ75. I wouldn't buy an unsigned Big Spongefinger because ยฃ55 was too much to spend on something to go on the wall. I agonised over buying a Kozyndan because it was a little over ยฃ100.
I'm pretty sensible about spending money on anything. I haven't bought, despite the fact I'd quite like to, a PS3 because I see it as a luxury I donโt have the money for. Yet when it comes to prints, it now seems totally normal if I were to spend ยฃ200 or ยฃ300 with barely a second thought (probably due to not really having the luxury of time to think about it) which I think is pretty crazy. I spend much longer thinking about spending money on a new pair of jeans. I remember there being a load of people with very flashy cars on here so maybe there are some of you who don't even think so much about blowing a few of grand on a print.
Do you see art purchases almost as a separate entity to other purchases? I think there is something very addictive about art/print collecting, but perhaps too much of my money and time is tied up in it.
When would you draw the line and say you donโt realistically need any more? When the walls are full? When youโve a portfolio full as well? When youโre getting an extension built to get more wall space? When youโre getting an extension built just to house the postal tubes? Anyone operate a one in, one out approach?
Don't worry, it's not another thread about investments, the credit card crunch etc. Well not directly anyway...
Just wondering how everyone else rationalises art purchases. I know when I first started buying prints in early 2006 I didn't go for the signed Failes on POW because they were too much at ยฃ75. I wouldn't buy an unsigned Big Spongefinger because ยฃ55 was too much to spend on something to go on the wall. I agonised over buying a Kozyndan because it was a little over ยฃ100.
I'm pretty sensible about spending money on anything. I haven't bought, despite the fact I'd quite like to, a PS3 because I see it as a luxury I donโt have the money for. Yet when it comes to prints, it now seems totally normal if I were to spend ยฃ200 or ยฃ300 with barely a second thought (probably due to not really having the luxury of time to think about it) which I think is pretty crazy. I spend much longer thinking about spending money on a new pair of jeans. I remember there being a load of people with very flashy cars on here so maybe there are some of you who don't even think so much about blowing a few of grand on a print.
Do you see art purchases almost as a separate entity to other purchases? I think there is something very addictive about art/print collecting, but perhaps too much of my money and time is tied up in it.
When would you draw the line and say you donโt realistically need any more? When the walls are full? When youโve a portfolio full as well? When youโre getting an extension built to get more wall space? When youโre getting an extension built just to house the postal tubes? Anyone operate a one in, one out approach?
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Francis
Junior Member
Posts โข 2,571
Likes โข 137
September 2007
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Money..., by Francis on Jan 9, 2008 19:09:07 GMT 1, The reason is that _good_ artwork _usually_ appreciates in value while stuff like jeans, video games, any technology product will depreciate in value and rapidly.
The reason is that _good_ artwork _usually_ appreciates in value while stuff like jeans, video games, any technology product will depreciate in value and rapidly.
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ryskip
New Member
Posts โข 530
Likes โข 2
February 2007
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Money..., by ryskip on Jan 9, 2008 19:13:36 GMT 1, Personally, I'll always think in the terms of a short term purchase, i.e. I maybe skint this month but then I'll be ok again in a month or so and worse case scenario I can let something go. It's easier for me to justify spending ยฃ500 on a print that in 6 months is likely to be worth roughly the same, if in 6 months I need that money.
Personally, I'll always think in the terms of a short term purchase, i.e. I maybe skint this month but then I'll be ok again in a month or so and worse case scenario I can let something go. It's easier for me to justify spending ยฃ500 on a print that in 6 months is likely to be worth roughly the same, if in 6 months I need that money.
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jamesreeve5
Blank Rank
Posts โข 0
Likes โข 0
September 2012
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Money..., by jamesreeve5 on Jan 9, 2008 19:32:35 GMT 1, +1 for a good thread start
First off I have to say that yes I will drop over $1k on a piece of art without thinking, but I agonize over getting name brand vs. store brand food!
I do have a few pieces that I won't be selling unless there was ridiculous amounts of money thrown at me (my Barry McGee Original, my Mike Brodie polaroids) but, I think that with many art purchases here many people view it as the stock market, you throw in a little, have fun tracking the artists, maybe keep it longer maybe not. You can still sell something you have enjoyed hanging on your wall for a while right?
+1 for a good thread start
First off I have to say that yes I will drop over $1k on a piece of art without thinking, but I agonize over getting name brand vs. store brand food!
I do have a few pieces that I won't be selling unless there was ridiculous amounts of money thrown at me (my Barry McGee Original, my Mike Brodie polaroids) but, I think that with many art purchases here many people view it as the stock market, you throw in a little, have fun tracking the artists, maybe keep it longer maybe not. You can still sell something you have enjoyed hanging on your wall for a while right?
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jamesreeve5
Blank Rank
Posts โข 0
Likes โข 0
September 2012
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Money..., by jamesreeve5 on Jan 9, 2008 19:33:11 GMT 1, and its always fun to sell to get other pieces of art you want!
and its always fun to sell to get other pieces of art you want!
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uksnowman
New Member
Posts โข 326
Likes โข 0
August 2007
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Money..., by uksnowman on Jan 9, 2008 20:26:07 GMT 1, Great idea for a thread. You hit the nail on the head right here.
Do you see art purchases almost as a separate entity to other purchases? I think there is something very addictive about art/print collecting, but perhaps too much of my money and time is tied up in it.
An addiction is supposedly a condition of being compulsively occupied with or involved in something, which probably describes what a lot of people have on here, I guess ranging from mild to obsessive
I find it hard to rationalise buying/collecting art. It should be easy - you want to have a few nice pieces of art and start to build up a small collection. But it's harder than that. Your relative spending can increase so quickly in a short space of time.
It starts with dipping a toe in the water but you're a bit worried about which of the pieces from the ยฃ50 thread should you get, because that's all you're willing to shell out. Then after that, you spot something you really like, or you get lucky with a new limited edition release and drop ยฃ200, maybe you get that nervous feeling about it, 'cause after all it's 4 times more than you spent before. So now you have 1 or 2 nice bits of art that you received, and when you get them back from the framers and hang them up you get an instant buzz, which is even bigger when your friends come round and get envious of how cool your walls look ;D
Now you decide having 1 or 2 pieces is ok but they look a bit lonely up there on their own. So you explore more into the scene and find some work by artists you haven't seen before but you just have to have that one piece that really strikes you, even though it's several hundred pounds or more. Now you've got a few fairly expensive framed prints and some others ready to hang but now you also want some originals 'cause you want to be the only person to have that particular piece.
One day you sit down and think to yourself,s**t, my art collection is worth more than all my other possessions put together(apart from house/car - maybe even these for some!). But you still haven't even got the one piece that you're desparate for. Where does it stop? Surely this is when you're positively hooked. But where does it go from here???
Maybe it should be another thread, but I'd like to hear some fellow 'addict's' stories on how they started their collection, what inspired them to keep going, and what did they think when making big decisions along the way.
Great idea for a thread. You hit the nail on the head right here. Do you see art purchases almost as a separate entity to other purchases? I think there is something very addictive about art/print collecting, but perhaps too much of my money and time is tied up in it. An addiction is supposedly a condition of being compulsively occupied with or involved in something, which probably describes what a lot of people have on here, I guess ranging from mild to obsessive I find it hard to rationalise buying/collecting art. It should be easy - you want to have a few nice pieces of art and start to build up a small collection. But it's harder than that. Your relative spending can increase so quickly in a short space of time. It starts with dipping a toe in the water but you're a bit worried about which of the pieces from the ยฃ50 thread should you get, because that's all you're willing to shell out. Then after that, you spot something you really like, or you get lucky with a new limited edition release and drop ยฃ200, maybe you get that nervous feeling about it, 'cause after all it's 4 times more than you spent before. So now you have 1 or 2 nice bits of art that you received, and when you get them back from the framers and hang them up you get an instant buzz, which is even bigger when your friends come round and get envious of how cool your walls look ;D Now you decide having 1 or 2 pieces is ok but they look a bit lonely up there on their own. So you explore more into the scene and find some work by artists you haven't seen before but you just have to have that one piece that really strikes you, even though it's several hundred pounds or more. Now you've got a few fairly expensive framed prints and some others ready to hang but now you also want some originals 'cause you want to be the only person to have that particular piece. One day you sit down and think to yourself,s**t, my art collection is worth more than all my other possessions put together(apart from house/car - maybe even these for some!). But you still haven't even got the one piece that you're desparate for. Where does it stop? Surely this is when you're positively hooked. But where does it go from here??? Maybe it should be another thread, but I'd like to hear some fellow 'addict's' stories on how they started their collection, what inspired them to keep going, and what did they think when making big decisions along the way.
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gerry
New Member
Posts โข 303
Likes โข 0
October 2007
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Money..., by gerry on Jan 9, 2008 21:13:16 GMT 1, I've been collecting on and off for years, but only got serious in the summer really. Been an interesting and steep learning curve, missed some things i should have bought, bought a couple of things i possibly shouldn't have. I'm pretty good at getting 'addicted' to hobbies or collecting, have been all my life, so keeping a fairly careful eye on this one, as i don't want to end up skint at the end of it if my collecting eye turns elsewhere. Fairly confident it won't though, as i've been into this for over 10 years now.
My blog in part helps me keep interested in stuff and satisfy my passion without just spending the whole time buying stuff. Have also firmly fixed myself to buying just bristol related work, so with the exception of banksy, and to a degree nick walker, 3D and xenz, it's not unmanageably expensive a hobby.
The fun comes too in finding things i like from bristol artists over the years, but no one else is interested in. A challenge really, as they're not easy to find, but when i do, it's even sweeter.
That said, offer still stands for interesting and obscure bits from bristol's past!
I've been collecting on and off for years, but only got serious in the summer really. Been an interesting and steep learning curve, missed some things i should have bought, bought a couple of things i possibly shouldn't have. I'm pretty good at getting 'addicted' to hobbies or collecting, have been all my life, so keeping a fairly careful eye on this one, as i don't want to end up skint at the end of it if my collecting eye turns elsewhere. Fairly confident it won't though, as i've been into this for over 10 years now.
My blog in part helps me keep interested in stuff and satisfy my passion without just spending the whole time buying stuff. Have also firmly fixed myself to buying just bristol related work, so with the exception of banksy, and to a degree nick walker, 3D and xenz, it's not unmanageably expensive a hobby.
The fun comes too in finding things i like from bristol artists over the years, but no one else is interested in. A challenge really, as they're not easy to find, but when i do, it's even sweeter.
That said, offer still stands for interesting and obscure bits from bristol's past!
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