The first steps to collecting fine art are defining your taste and understanding the art market. To become familiar with a wide range of venues and artwork, visit a variety of art galleries, artist studios, art fairs, auction houses and museum exhibitions. Stay informed of the major developments in the international art world through art magazines, catalogues, books and online resources. Although researching takes time, it is instrumental to making informed decisions as to what, when and where to buy.
Some important items to keep in mind as you look at art is the quality, authenticity, condition, provenance and value of artwork, as well as exhibition, press and sales history of artists. The credentials and history of galleries and auction houses should also be considered. Most importantly, art collectors should build a trusting relationship with art dealers while buying work that will make them happy for a long time.