James Tomlinson Hill is One Billionaire who Knows His Art
A person, who buys things but does not intend using them, can be referred to as a collector, but it is unusual for some if people say that they bought it because they enjoyed looking at it. That’s because one of the main purposes of people buying things is to find a way to use them. There are a lot of people who do not see the significance of art collecting.
For some, it is an investment while for others, it conveys sentimental values to them or to the artist. It is never easy to become an art collector, as most people view it as a hobby for those with abundant money in bank accounts. This leads to the question, “Why is art so expensive?”
A Costly Hobby
Art collectors believe that a major reason for art pieces being really pricey is because of the artist. For instance, if you plan to possess an original art piece by Leonardo Da Vinci, you must have millions of dollars to afford it. This is because Da Vinci is a celebrated painter, scientist and genius in the history of the world. As he died in the fifteenth century, his works are still considered as the most unique art pieces. But there remain millions of artists all over the world waiting to be discovered. This reveals that not every piece of art is expensive, so you need not be intimidated if you wish to start your very own collection.
Passion for Art Collecting
James Tomlinson Hill, the CEO of Blackstone Alternative Asset Management is not only a philanthropic billionaire, but is also a great fan of art with his own art collection that is one of the biggest in the world. As a billionaire, he can easily buy very famous paintings of celebrated artists in history. But he never buys a painting because of the price or the artist. He revealed that he gets goosebumps every single time he looks at a piece of art he likes. The next step is to consider if it is worth looking at, on a daily basis and if it would still give him goosebumps just like when he first saw it. Most art collectors however say that the main reason for their art purchases is that art pieces can be an ideal investment. Their price increases over the years so if selling in auction years from now on, it could be sold for many millions more. However, Hill confirms that a genuine art collector does not see these pieces as an investment. It is something that is considered as a treasure. Short-term traders are rarely true art collectors.
The Art of Art Collecting
The Blackstone CEO likes to share his collection by letting people see it for free. The public will have the chance to view the greatest works of Francis Bacon, Cy Tombly, Christopher Wool, and William de Kooning at the Hill Art Foundation. Anyone can collect art, as it involves having a vision. According to art experts, start buying a piece of art that is interesting and something that astounds you, whether it’s because of the actual artistry involved or even if you simply love the colors used. There must be that elusive something that makes you want to possess it for yourself.
More in Top Bank Accounts
Celebrity Parents Are at Their Wits End as They Home-school their Kids
Celebrity parents are home-schooling and hitting the books during the coronavirus pandemic. Eva Amurri, actress taught daughter, Marlowe, 5 before giving...August 31, 2020
Struggling To Keep Those Pennies In Your Pocket? These Tips Can Help!
College is one of the most exciting phases of life, and nobody can deny that. But you’d also have to agree...August 28, 2020
This Victorian-Style Home in the Bay Area Cost Julia Roberts $8.3 Million
Pretty Woman star Julia Roberts is no stranger to the real estate scene in California. Aside from the two properties in...August 28, 2020
John Legend and Chrissy Teigen Ready to Say Goodbye to their Beverly Hills Mansion
Grammy-winning singer and pianist, John Legend, and his wife Chrissy Teigen, known for her incredible modeling career, being the author of her...August 27, 2020
The Latest fee Burden on Refinancing! Is Refinancing Your Mortgage Still a Smart Move?
During the pandemic, the price of the real estate plummeted. With this, the mortgage rates also experienced a reduction. That meant...August 27, 2020
From Farm to Table: Who are the Stars Who Grow Their Own Food – Part II
As an whole host of stars have turned vegans and lead a healthy lifestyle, many of these stars have put their...August 27, 2020
People Can’t Wait for These Luxury Hotels to Open Their Doors in 2020
New Year’s resolutions are made by all including the luxury hotel industry. Instead of diet change goals or finding love, the...August 26, 2020
These Luxury Cars were Made Famous by Iconic Superheroes On-screen
Superheroes are sharply etched characters who are amiable, kind-spirited beings to show lesser mortals, the difference between the good people and...August 25, 2020
From Farm to Table: Who are the Stars Who Grow Their Own Food – Part I
This one is for those with Green thumbs, who just need an extra push to grow their food! While some celebrities...August 24, 2020