As an Artist, you are a hunter. You didn’t know it, but you are. You are hunting elusive and rare game called the ‘Art Collector’. Mostly solitary creatures, roaming the plains of the art gallery establishment they need very tasty bait if you want them to come out of hiding, cheque books in hand. If you actually manage to figure out how to sell art and snag enough of these collectors with your tasty wares then there is the potential for more of them to head your way, demanding all the morsels you can feed them. But, as an artist, do you have enough fresh carcasses in the cupboard?
What do collectors want?
Okay, enough already with the selling fine art safari adventure. Lets leave the Land Rover and gun behind and check out of the Treetops African resort to examine what it is that art collectors really want from an artist and their artwork.
Most people who buying art are not art collectors. They are just people who like to decorate their homes with nice things. If you and your art have a good name and that certain je ne sais quois then these home decorators will buy your art, maybe even lots of it. There is money to be made there.
Real Art Collectors on the other hand (of the serious variety) are also ‘art investors’ to varying degrees, and when I say ‘investor’ that can mean not just in terms of money. Art Collectors want much much more than a pretty picture when they are considering buying your art, but of course they may also be in the business of selling fine art themselves (ie buying your art with a view to selling your art in the future when your stardom climbs to the stratosphere).
My own art has been mostly been bought by home decorators; the people who just love it because its a beautiful thing to behold, and it makes them happy when they see it in their homes. I have though on occasion had my art purchased by the real deal collectors that artists dream about having on their exhibition mailing lists. I once delivered one of my paintings to a client who had a collection in his multi-squillion dollar home that almost made me weep with joy at seeing it (after all it’s not everyday you see a Gauguin hanging in someone’s living room.) I wish I had more clients like that, but he is the exception rather than the rule in my customer Rolodex.
So what do these elusive collectors want from us?
So what do they want from us artists when we are selling fine art, these elusive collectors?
You are selling Fine Art… not cheap art
First of all they do not want cheap art. They like expensive art. Very expensive art, and very rarely do they descend to the sub $3000 level (or thereabouts). Sub $3000 for a real collector is bargain basement art made by a bunch of unknowns, and there is bucket loads of competition in the ‘unknown artist’ marketplace. Sure, they might pick up a few trinkets under that level for fun very occasionally but mostly they themselves are hunters of next big thing and big name artists.
Why is the art they buy expensive? Well, it tends to have a track record. We’re not just talking here about a few first prize rosettes at the local show, or a few facebook ‘likes’ on your free artist website; we’re talking major recognition for an artists achievements by the tastemakers and tastebreakers of the art industry, possibly selling fine art over an extended period, so that the prices for works by that artist have been well established and are preferably heading upwards. Art collectors who like to live on the art investing side of town do not like to gamble; they like to really invest in beautiful things, for some kind of gain later (whether that be through status of ownership, preservation of ‘culture’ or financial gain).
Most serious artists who the real collectors chase do a major amount of work to get to where they are. Often they study, travel, sometimes choose to live in extreme circumstances, they mix with other about to be famous artists in ‘a school’ and they pull off major exhibitions in serious galleries of both the commercial and culturally important kind. They don’t tend to paint nice landscapes on a Sunday for delivery to the local gallery on Monday. They live full and colourful lives. They are interesting, intriguing and their legend grows as their dealers, friends and hanger-onners spread the word of their artistic exploits throughout the land. In short, they are dedicated to selling fine art to the art world in a serious way (and their dealers really know how to sell art too).
Real art collectors love a good story. They love a track record. They love an established price that has been set in sales in both the primary market (Galleries) and the secondary market (auction houses). They love to hob-nob with the best Art Gallery Directors who give them the priority inside track on what’s really going down in the art world, and they like their artists to be elusive in a manner which befits their superstar artist status (even though they might aspire to actually meet them one day).
This can be frustrating for the sub $3000 artists. We actually want to engage with our clients, we are willing to meet with them, we want them to love us and we want them to love our art. Surely art collectors will buy our art if only we can reach out to them, won’t they?
No. They won’t.