Art fairs are another venue luring in brand new buyers. Sales at art fairs hit $13.3 billion in 2016, an increase of 57 percent since 2010, according to research via Art Basel in addition to UBS.
“which allows young collectors, brand new collectors to the market to understand to navigate the art world in an accessible way,” said Alex Donaldson, an art curator in addition to consultant in London.
Donaldson said buying art, like any some other investment, requires taking on risks. She helps brand new art buyers determine their tastes in addition to preferences in addition to set a budget, which she said doesn’t have to be millions of dollars.
“Work out what your budget is usually, what you’re looking for, in addition to try to stick to which,” Donaldson said.