If then, I am proposing that any “Terrill Welch original painting” could be an extreme frugality investment - what the heck do I mean by this!?
- Let’s look at endurance and quality. Skilled rendering of original art, using the best materials available will endure and maintain its quality as an object or asset. The astute artist and art collector understands the strength and vulnerabilities and specific attributes of the materials they are using (such as fat over lean for oil paintings).
- The art collector of my work, generally, has in mind a work that they will appreciate forever, rather than something that will do for now. This is an important aspect to extremely frugality in art collecting. Since these are my own practices and those of most, if not all, of the art collectors of my original paintings, it is worth expanding on this principle. An art piece may of course still fall out of favour after many years as our tastes and circumstances change but it should never be purchased as a “making do for now” solution. This is where extreme frugality is practiced at its best. This art collector will purchase small originals rather than decorative prints or decorative prints instead of greeting cards or greeting cards instead of a saved screen saver…. you get the idea. This art collector goes for the best quality they think they can manage and then stretches that little bit more. This art collector will choose to visit galleries repeatedly and spend their time with the highest quality paintings they can gain access to while leaving their own walls virtually bare rather than putting up “something” to fill the space. This art collector saves, sometimes for years, to be able to purchase an original “Terrill Welch painting” that they have come to know intimately during the wait. Once purchased, it will be treasured and will NOT be found in a yard sale or donation bin anytime soon.
- Extreme frugality in art collecting is often about researching, musing and savouring an artist’s work. The purchase is frequently a considered and thoughtful decision. Believe me when I say that no one, in all seriousness, has ever come into the gallery and said - “Oh! I just love these! Can you package up ten of them for me and I will be back later this afternoon to pick them up!” Nope! Hasn’t happened yet! Questions are more likely asked by the extreme frugality art collector such as - how does this work manifest what I aspire to create in my life? How does it fit with my vision of what is important? What does this work offer towards enhancing my experience?
- Extreme frugality in art collecting is about stewardship. The collector is aware and appreciates that they are temporary caretakers for as long as they and the art work both shall live. Except for natural disasters, there is every possibility that the original artwork will out last its owner. A purchasing decision often includes a question like - is this painting something I want to offer stewardship for the rest of my life? When we answer affirmatively to this question, then it is usually a huge “YES”!
- Extreme frugality in art collecting is about the joy factor. So often I hear back from collectors about all the things they discover in “their painting” during the practice of everyday living. The art collector is mesmerized by how the painting looks in different light or in different parts of their home or office. They tell me about the special memories the painting invokes or the aspiration it has anchored and helped them achieve. Finally, they tell me about sharing the work with family, friends and visitors. In this way, the paintings become part of a family and community experience or a view borrowed over a meal, while reading a book or reviewing work contracts.
In this way, I too, as a painter and gallery owner have learned, from you the art collectors, more about extreme frugality in art collecting. Over the past nine years as a full-time artist, I have expanded my appreciation for the freedom that comes with such carefully considered purchases and have learn much about what truly is essential to live a full and rich life, filled with simple abundance. So, we may not be living under a bridge with our shopping cart, or in a castle on the hill, but no matter where we live, we can still be art collectors with the practice of extreme frugality! Happy art collecting!