How to pick the right art?

New York art dealers will say that choosing the right abstract art can be a daunting task for many art collectors. However, with the right knowledge and guidance, you can select abstract art that not only suits your personal taste but also has the potential to grow in value over time.

Firstly, it is essential to understand that abstract art is a highly diverse category that encompasses a wide range of styles, techniques, and mediums. From the colorful canvases of Mark Rothko and Jackson Pollock to the geometric abstractions of Piet Mondrian and Kazimir Malevich, there is a vast array of abstract art to choose from.

One way to determine the value of abstract art is to look at the price history of artists over the last ten years. For example, contemporary artists like Julie Mehretu and Rashid Johnson have seen a significant increase in their market value over the last decade. Mehretu's large-scale abstract paintings have sold for over $4 million, while Johnson's mixed media works have sold for over $1 million at auction.

Another trend in the art market is the growing popularity of female abstract artists. Over the last ten years, artists like Cecily Brown, Joan Mitchell, and Helen Frankenthaler have seen a surge in demand, with their works selling for record-breaking prices at auction. For example, Frankenthaler's painting "Carousel" sold for over $3 million at auction in 2020.

When it comes to selecting abstract art, there are a few tips to keep in mind. Firstly, consider the quality of the artwork, including the artist's skill, technique, and use of materials. Look for artworks that are visually striking and have a unique and original aesthetic. Secondly, consider the historical and cultural context of the artwork. Is the artist part of a particular movement or style, and how does their work contribute to the wider discourse of abstract art? Thirdly, consider the provenance of the artwork, including its exhibition history and ownership. Has the artwork been shown in major galleries or museums, and who has owned it in the past?

In terms of current trends in abstract art, one notable movement is the rise of digital abstract art. Artists like Rafael Lozano-Hemmer and Joshua Davis are creating abstract works using computer software and algorithms, blurring the lines between art and technology. Another trend is the incorporation of environmental and ecological themes in abstract art, reflecting a growing awareness of the impact of climate change and sustainability.

Ultimately, the value of abstract art is subjective and dependent on individual taste and market trends. However, by considering the quality, context, and provenance of artworks, as well as keeping up with current trends and market movements, you can make informed decisions when selecting abstract art for your collection. Whether you are a seasoned collector or just starting, there is a wealth of abstract art to discover and appreciate.