EDWARD TSUMELE: Bag a piece of top local art
Auction features some of SA’s biggest names and aims to raise R2m for renovations at Johannesburg centre, writes Edward Tsumele
The question of how to collect art wisely for investment purposes is always tricky and misses are the norm rather than the exception. However, Absa’s art and museum curator, Dr Paul Bayliss, says collecting art should be simple. But he warns that people who want to do so as an investment should never follow the example of the typical South African marriage. Speaking at the media launch of the Bag Factory auction, to be hosted by Absa next week, Bayliss said knowing how long to hold on to a piece and deciding when to sell for a good return on investment always plays an important part. "In essence, the art of collecting art is very simple: follow your heart by collecting what you love, allow your emotions to dictate which piece to buy, and once you have bought the piece, never be like a typical South African marriage, which on average lasts two-and-a-half years," he says. "Unlike your typical South African marriage, which disintegrates much quicker on average, part with your art work ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.