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 ...
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