Collecting Chicago: Why Sophisticated Buyers Should Look Beyond New York, London and Los Angeles
There is a particular kind of art collector who arrives in New York with a list. The list contains the correct galleries, the correct artists, the correct auction results and, perhaps most importantly, the correct people whose approval will confirm that the collector has purchased correctly. This is an efficient way to spend a considerable amount of money. It is not necessarily a good way to build a collection. The distinction matters because art collecting, at its most serious, has never been merely the acquisition of expensive objects. Anyone with sufficient capital can buy an expensive painting; auction houses have spent generations making the procedure nearly frictionless. Building an important collection requires something more difficult: judgment exercised consistently over time, relationships that produce access and knowledge, an understanding of provenance and art history, a willingness to buy before consensus becomes comfortable, and enough intellectual independence to oc...