Art has a special place in my heart. It is indeed one of the things I look forward to whenever I travel. From fabulous art museums to the unpopular streets – gazing at such creative pieces is one of my simple joys in life. But I didn’t know there’s more to just appreciating art. Not until I attended Art TAP’s event recently.
The Art Society of Traders Apprentice Pilipinas, popularly known as Art TAP, held its first art event last June 18, 2016 at the Metropolitan Club, Makati entitled Art as a Form of Investment. I learn a lot about history and culture though the arts, which are some reasons why I love it, but attending the said event is the first time I get to discover art in a different perspective – as a form of investment.
Main event highlight included talks from Cecillio Tobillo and Rocky David that provided guests fundamental knowledge on the process of art collecting and investing followed by some art mentorship and Q&A round table discussions. A number of art pieces from local artists were sold and some special collection were auctioned.
Art is a form of investment.
Art is a form of real investment simply because certain pieces can increase in monetary value over time. How much can an art increase its value? There’s really no exact formula and the growth potential of art pieces are not all the same – some may do appreciate in value while others may probably not. One good example I’ve heard is the case of Ronald Ventura whose three-by-four art piece in 2003 costs around PHP15,000. But after winning some competitions, his works of the same size are now being sold for around PHP10,000,000.
Art is the next big thing.
According to Cecillio Tobillo, guest speaker and hardcore art collector himself, art is the next big thing in the Philippines. Since at the moment only 1% of our population is involve in the art scene, there’s really a huge market to be reached out there.
Right now, I’m very glad to visit places where I can view and get lost myself with some astonishing arts. But I would probably want to own some pieces in the future. This is why I was so glad to discover the 5 W’s of Art Collecting discussed by Mr. Tobillo.
The 5 W’s of Art Collecting
If you learn what kinds of art to collect, there’s a great potential that you can make it as a form of huge investment. If you’re new to the art scene and you’re interested to make art as one of your investment portfolios, remembering the 5 W’s of art collecting below might help you.
1. WHAT to collect?
Foreign or local? Masters or contemporary? Tradional or modern? I very much agree with what Mr. Tobillio said, buy that piece of art that connects to you. Buy that art work that you can stare at blankly with much joy. When it comes to investment, Mr. Tobillio advised to bank on contemporary arts because of its promising growth potential.
2. WHERE to source art?
Aside from art galleries and exhibits, you can source art in art fairs, auction houses, garage sales, thrift shops and fellow collectors. Having an art gallery himself, Mr. Tobillo recommended to ask permission to check out stock rooms when going at a gallery.
3. WHO to collect?
Don’t buy art because its artist is simply famous. Again, as previously mentioned, buy that art made by an artist you can connect with. In the unfortunate case that the value of the piece you bought might not grow that much, you will not regret buying it because you can enjoy it hanging in your wall.
Personally for Mr. Tobillo, he considers buying from artists meeting the following criteria:
- Fine Arts Student/Graduate
- Fulltime Artist
- Won/Finalist in Painting Competitions
- Has his or her own distinct style.
4. WHEN to collect?
If money is not an issue to you, buy any time you want. But if not, one good tip I discovered is to get art works from artists when they are still young because at that time, price is still much lower.
5. WHY collect?
First and foremost, you collect because you have a genuine affection for art. The next great reasons are probably to help artists, especially our local artists, and make the art community alive!
During the event, an art auction was also held. It was my first time to witness an art auction and it was really fun! It feels so great to see people give so much value to art. Art pieces from hardcore and well-known collectors Tony Herbosa and Kevin Khoe were the ones auctioned with a starting bid of PHP 10,000.
Amazing works costing PHP 5,000 and below made by our very own local artists were also showcased in Art Tap’s event. It is actually the intention of Art Tap community to provide a bridge between artists and buyers. Aside from helping local artists, it is their way to better promote art in the country.
Socialize with Artists and Art Collectors
It’s not everyday that I get to meet people with the same passion for art. More so, it’s very rare that I get to talk to artists themselves which I was able to do during the event. As talented as they are, the artists that I met are very humble and attentive, enthusiastically answering my questions. I even got tips on buying and preserving art works from them!
Mingling with art collectors and artists was more than a learning experience for me – it was a blast! And I do hope I can collect arts from my travels.
Tip: Whether you are a collector or an artist, you can join Art Tap Community in Facebook. Many artists post their works and many collectors do grab awesome deals there.