Being an art collector is an art of its own. Tracking down each piece, developing your artistic taste, and following your favorite artists all require years of dedication and passion. Each piece in your collection says something different about you, and together they paint a picture of who you are as a person.
But becoming an art collector comes with a certain level of risk. Physical art is vulnerable to fire, earthquakes, and any number of natural disasters. Art enthusiasts shudder at the prospect of losing their collections forever, while also agonizing over tasks required to keep their collections in good standing with insurance adjusters, appraisers, and conservators.
With digital documentation becoming the norm, platforms like ArtCollection.io are helping users keep track of this information. By storing high-quality photographs with proper documentation online, you can ensure that your collection is safeguarded while also having access to it anywhere around the world. To highlight a few of the other benefits of documenting your collection online, we've compiled a list of the reasons why you should be using a platform like ArtCollection.io.
It Provides You With More Security
First and foremost, documenting your art collection online provides you with a greater sense of security. Every collector knows the worries of losing their collections to fire, burglary, or an unfortunate mishap by a loved one. Institutions like the Getty, MoMA, SFMOMA, and the Louvre spend an inordinate amount of time and money on keeping their collections safe, which is something that many collectors can't afford to do.
When you document your artwork on a platform like ArtCollection.io, you make sure that you’ve taken the necessary steps to safeguard your collection. Each piece should have high quality photographs with proper records attached, such as provenance, appraisals, and bill of sale, which is incredibly important in determining the overall value of your collection.
It Helps Support Your Insurance Claims
The loss of art is a great tragedy in and of itself. The process of dealing with insurance claims afterwards can be cumbersome and add insult to injury for grieving collectors. Nobody wants to deal with loose paperwork and aggressive insurance agents when they’re trying to recover the lost value of their artwork. Digital photographs and detailed reports can help provide proof of ownership and facilitate conversations with adjusters on the overall value of your collection.
If you lose your art collection in a fire, you may also lose physical records that are vital in determining proof of ownership and authenticity. Digital platforms like ArtCollection.io help provide users with detailed reports depicting the overall value of your collection. These reports can be incredibly helpful when communicating with insurance adjusters, but can also be a great resource for auction houses, museums, and other parties interested in knowing more about your collection.
It Helps You Pass It On
Art connects us with each other. The way that one person experiences a piece of art can be entirely different from the way another sees it. To each person, however, that experience is unique and meaningful. When you eventually pass your collection on to your children or your heirs, you give them a piece of yourself. You collected each piece for a reason, because it brought you joy and meant something to you. By digitally documenting your collection, you can help them understand your passion for collecting art and how each piece came into your possession. Detailed documentation can help tell a story and ignite a passion for collecting that will hopefully survive for generations.
It Helps You Stay Organized
When you only own one or two pieces of art, it’s easy to keep your records straight. But once your collection has begun to grow and you start to accumulate over five or even ten pieces of art, you’re going to need a better documentation strategy. Records such as bill of sale and appraisal records can easily get lost or mixed up between pieces. Whether you plan to keep your artwork or sell it, you need to keep these records organized. A digital inventory management platform like ArtCollection.io helps you catalog this information and ensure that your records are always accessible and easy to find.
ArtCollection.io also provides users with a dashboard that displays information such as the overall value of your collection, the types of art you collect, the artists you collect, and the galleries you use to buy pieces for your collection. Without a digital platform like ArtCollection.io, keeping track of all of this information is a complete nightmare.
It Keeps You Up To Date With Artists You Love
One of the greatest joys of using a digital platform like ArtCollection.io is that it helps you stay up to date on your favorite artists. As your art collection grows, you may want to populate it with pieces by artists you know and love. However, it can be difficult to keep track of whose artwork is up for auction and how prices are affecting their popularity. ArtCollection.io provides users with art market alerts, detailed analytics, and a comprehensive price database that helps you stay informed on art market trends.