For me, all collecting must be done out of the love of the art. That being said, investment knowledge is absolutely mandatory so that you are really buying what you think you are buying.
I really just started buying art as a passion. I never considered it an investment, but it ended up being a good investment.
I like to think that people are buying Emilia Wickstead because they want to keep it in their wardrobe as an investment piece; she's not just buying it because it's of the moment or what's currently in season.
People tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows.
When I bought my first house in London with my husband-to-be, our surveyor said: "Nicki, you're paying top dollar, but it's not an investment," and I said: "But we're buying a home, not an investment."
Art is not an investment. Art is something you buy because you are financially solvent enough to give yourself a pleasure of living with great works rather than having to just see them in museums. People who are buying art at the top of the market as an investment are foolish.
If you ask me what I think people should be getting next season, I’ll tell you what I’d like them to buy—nothing. I’d like people to stop buying and buying and buying.
Perhaps the most extraordinary characteristic of current America is the attempt to reduce life to buying and selling. Life is not love unless love is sex and bought and sold. Life is not knowledge save knowledge of technique, of science for destruction. Life is not beauty except beauty for sale. Life is not art unless its price is high and it is sold for profit. All life is production for profit, and for what is profit but for buying and selling again?
Selling out is usually more a matter of buying in. Sell out, and you’re really buying into someone else’s system of values, rules and rewards.
There is far greater peril in buying knowledge than in buying meat and drink.
On the one hand, we're constantly told about recycling and cutting back, and on the other hand we have to buy the next gadget that comes along three weeks after the last one you bought. It's absolutely insane. We've been suckered into buying and buying and upgrading and upgrading. We're being given two very different mantras at the moment, I think.
I'm very much involved in art. I started buying art a few years ago and really like the work of T.C. Cannon, who is a native American artist. Then I was introduced to Soviet-era Russian impressionism and started collecting that, especially Gely Korzhev.
A therapist might suggest my generosity is a way of buying affection. But buying people's love has never been an issue for me. Generally speaking, I don't want their love.
To all the worryworts out there who said super PACs were going to lead to a cabal of billionaires secretly buying democracy: wrong! They are publicly buying democracy.
Whether it's buying products or researching what you're buying, or just becoming aware of what you're buying, you're saying so much with the money that you're spending.
Americans like buying American vs. buying from Chavez or buying from the Middle East.
In spite of all this noise, customers are still definitely buying in North America, and they're really, really buying internationally.