Sunday, February 10, 2008
CHRISTOPHER WOOD : ADVICE TO AN ASPIRING COLLECTOR
"A aspiring collector must take a long view. Buying art is like buying property; it takes at least five or ten years to see real growth. The greatest benefits will accrue to those prepared to wait the longest, perhaps even twenty or thirty years.
Some of the most spectacular sales of the last thirty years have been of works of art purchased by the owner's father, or even grandfather. Time is always on the side of the collector, rather than the dealer, who is under pressure to sell his stock and pay his overheads.
Remember also that to buy an especially good thing, one has always to be prepared to go that little bit further on price. Be bold, it is the things one failed to buy that one always regrets. And when considering prices, try not to be too mesmerised by the past. It is more important to think about prices in the future, to think forwards rather than backwards."
Christopher Wood , art dealer and art historian
Very well said, Sir, the problem is that nobody acts according to this wise way and that Contemporary artists' works, prices and behavior are nothing else than a huge slap in the face of the poor idiots who listen to your advice.