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Irish Art and the Marketplace

 

The Irish art scene has changed dramatically over the last ten years. With the emergence of new galleries, a new generation of auctioneers, and a multitude of art festivals and events throughout the country, the public at large is now spoilt for choice when it comes to buying art.

Different people buy art for different reasons: individuals or companies might want to start a collection for investment purposes, for the sake of collecting per se, or simply to decorate their home or business premises. In my experience, it is often a combination of those elements. In any case, one does not like the idea of spending a thousand euros on a piece that might depreciate and the idea that it might appreciate in time is certainly a good incentive;- ). People often ask me whether the artist whose work they contemplate buying from me is a good investment. I usually answer them by encouraging them to look at the facts, i.e. the art education and career of the artist, galleries where they have exhibited, awards or commissions that they have received, press coverage and reviews by art critics, etc. I try to stay away from gallery "jargon" but I always endeavour to give my customers all the information and knowledge I have on the artists and their work. I do give my opinion which is an informed opinion, nothing more, nothing less.

To quote artist and gallery owner Gerald Davis:

Whatever you are buying, whether it is ten euro or ten thousand, if it is for investment or for pleasure: first and foremost, YOU must like it. When it comes to buying art the old cliché is as good a rule as any: "I may not know much about art but I know what I like".

Indeed, buy what you like but "do your homework":

- Don't just buy who you like, remember that artists (even the best ones) do not always produce top quality work.  A good art dealer should always get the best works for his customers...

- Beware of speculation and hype. Words such as "internationally known artist xxx" should be taken with caution. When travelling, do buy art magazines in the countries you are visiting and check their international art sections or their coverage of international art fairs (not all art events or biennale should be considered seriously, some of them being just vanity shows...). 

 Also, fashion is the enemy of art.  Don't get carried away by the media hype surrounding a particular artist. Read as much as possible about art but always check the source of the information. Vested interest exists in all businesses and art is no exception. 

-These are just a few  guidelines, there are many more which I am happy to share with my customers.