Will Ramsay, founder and CEO of the Affordable Art Fair, which puts on exhibits worldwide, said collecting art is easier than people might think.
However, contemporary art is likely to increase in value over the long term, Diament said.
There's also a satisfaction in buying something from a living artist, Diament said.
"Some people like color, other people like to focus on drawings without color … you have people who collect just one artist," Taylor said.
Provenance — which refers to the history and ownership of a piece — is often an important consideration when buying art.
Persons:
Nicholas Bowlby, Puja Bhatia, You've, Karen Taylor, Taylor, Maria Artool, Will Ramsay, Robert Diament, Diament, you'll, Tracey Emin, Carlotta Cardana, There's, Knight Frank, Knight, Ramsay, Eileen Agar, Jeff Spicer, George Romney, Voltaire, Magda Archer, Ella Kruglyanskaya, Carl Freedman, Benjamin Senior, Richard Parkes Bonington, Judith Burrows, he'd, It's, Artool, Isabelle Paagman, Sotheby's, Paagman, Shepard Fairey
Organizations:
CNBC, Fair, of, Bloomberg, Getty, Knight, Investment, Art Market Research, Whitechapel Gallery, Art, San, Wallace
Locations:
London, U.K, British, Austin, Berlin, Brisbane, Latvian, Britain, Venice, American, Europe, Italy, Paris, France