{"id":7913,"date":"2020-10-22T07:55:33","date_gmt":"2020-10-22T07:55:33","guid":{"rendered":"https:\/\/www.rbcinsurance.com\/en-ca\/2020\/10\/22\/building-an-art-collection-from-hobby-to-passion\/"},"modified":"2023-03-06T17:24:44","modified_gmt":"2023-03-06T17:24:44","slug":"building-an-art-collection-from-hobby-to-passion","status":"publish","type":"post","link":"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/private-insurance\/building-an-art-collection-from-hobby-to-passion","title":{"rendered":"Building an Art Collection:  From Hobby to Passion"},"content":{"rendered":"\n<div class=\"wp-block-rbc-template-selector templateSelector template__article articleSingle\" data-template=\"article\">\n<div class=\"wp-block-group articleSingle__container tabListStickyWrapper is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__hero is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__hero__inner is-layout-flow wp-block-group-is-layout-flow\">\n<span class=\"rbc-yoast-breadcrum-span\"><span><a href=\"https:\/\/www.rbcinsurance.com\/en-ca\/\">Home<\/a><\/span><\/span>\n\n\n\n<div class=\"wp-block-group articleSingle__featuredImage__group is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__title__group is-layout-flow wp-block-group-is-layout-flow\"><h1 class=\"wp-block-post-title\">Building an Art Collection:  From Hobby to Passion<\/h1>\n\n\n<div class=\"wp-block-group articleSingle__date__group is-layout-flow wp-block-group-is-layout-flow\"><div class=\"wp-block-post-date\"><time datetime=\"2020-10-22T07:55:33-04:00\">October 22, 2020<\/time><\/div>\n\n\n<span class=\"wp-block-rbc-html-element articleSingle__readTime\">3 Min Read<\/span>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__author__group is-layout-flow wp-block-group-is-layout-flow\">\n<img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/06\/Avatar.webp?quality=80&w=128&h=128&crop=1\" alt=\"Alexandra Macqueen\">\n\n\n\n<div class=\"wp-block-group articleSingle__author__details is-layout-flow wp-block-group-is-layout-flow\">\n<span class=\"wp-block-rbc-html-element articleSingle__author__name\">Alexandra Macqueen<\/span>\n\n\n\n<span class=\"wp-block-rbc-html-element articleSingle__author__designation\"><\/span>\n<\/div>\n<\/div>\n<\/div>\n\n\n<figure class=\"articleSingle__featuredImage wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/203225-art-collections-thumb.jpg?quality=80&amp;w=930\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Two people looking at art in a gallery\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/203225-art-collections-thumb.jpg 930w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/203225-art-collections-thumb.jpg?resize=300,200 300w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/203225-art-collections-thumb.jpg?resize=768,512 768w, https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/203225-art-collections-thumb.jpg?resize=420,280 420w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/><\/figure><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__container__main is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-group articleSingle__container__page__nav is-layout-flow wp-block-group-is-layout-flow\">\t\t<div class=\"socials-block\">\n\t\t\t\t\t\t<p class=\"socials-block-title\">\n\t\t\tShare this article\t\t<\/p>\n\t\t<div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n\t\t\t\t\t<a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Building an Art Collection:  From Hobby to Passion &#038;body=Hi, I thought you might be interested in this article from RBC Insurance: https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/private-insurance\/building-an-art-collection-from-hobby-to-passion\" aria-label=\"Email\">\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n\t\t\t\talt=\"envelope icon\">\n\t\t\t\t<span>\n\t\t\t\tEmail\t\t\t\t<\/span>\n\t\t\t<\/a>\n\t\t<div class=\"social-button-wrapper sharing-copy-wrapper\">\n\t\t\t<button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcinsurance.com\/en-ca\/advice-learning\/private-insurance\/building-an-art-collection-from-hobby-to-passion\" aria-label=\"Copy URL\">\n\t\t\t<img\n\t\t\t\tsrc=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n\t\t\t\talt=\"copy icon\">\n\t\t\t<span id=\"sharing-copyUrl-Label\">\n\t\t\t\tCopy URL\t\t\t<\/span>\n\t\t\t<\/button>\n\t\t\t<input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n\t\t<\/div>\n\t<\/div>\n  \t\t<\/div>\t\n\t\t\n\n\n<div class=\"wp-block-rbc-tabs-list tabsList\" data-switch=\"lgBp\" data-target-heading=\"h4\"><p class=\"tabsList__heading\">On this page<\/p><div class=\"tabsList__wrapper\"><button class=\"selectDropdown__button\" aria-haspopup=\"listbox\" aria-expanded=\"false\"><span class=\"selectDropdown__title\">Building a Collection<\/span><span class=\"selectDropdown__chevron\"><\/span><\/button><ul class=\"tabsList__items selectDropdown__list\"><li class=\"selectDropdown__list__item tabsList__item selected\"><a href=\"#h-building-a-collection\">Building a Collection<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-past-present-and-future-what-motivates-an-art-collector\">Past, Present and Future: What Motivates an Art Collector?<\/a><\/li><li class=\"selectDropdown__list__item tabsList__item \"><a href=\"#h-maintaining-and-preserving-your-collection\">Maintaining and Preserving Your Collection<\/a><\/li><\/ul><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group articleSingle__content__main tabListHeadings is-layout-flow wp-block-group-is-layout-flow\">\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner \" style=\"border-radius:0x\">\n<p>For some, owning art is a way to enhance their lives and make their homes distinctive, but for others, the desire to own art grows into long-term endeavour, needing a team of professionals to help identify, acquire and preserve new works. As you continue to buy art, at some point you might ask yourself, am I an art collector?<\/p>\n<p>At <i>Art Toronto<\/i> 2018, an international contemporary and modern art fair, attendees gathered to view and admire the work of Canadian artists. Corrie Jackson, RBC Senior Art Curator, hosted a special Q&amp;A session to discuss building an art collection.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/203225-art-collections-body-1.jpg\" alt=\"man looking at painting\" \/><\/p>\n<h4 id=\"h-building-a-collection\">Building a Collection<\/h4>\n<p>For Jackson, there is a clear distinction between people who \u201clive with art&#8221; (consumers) and those who collect art (collectors). Both types of buyers are drawn to artworks they like and want to own; however, an art collector frequently is motivated by additional factors such as wanting to build an exhibit or collect around a theme.<\/p>\n<p>\u201cThe true collector has no &#8216;off button.&#8217; Collecting means you&#8217;re always in a state of development and reflection \u2014 looking for opportunities to bring new perspectives into your life,&#8221; she says.<\/p>\n<p>The drive to continue to acquire new pieces you&#8217;re interested in can define the collector. When a collector is passionate about expanding their holdings, at that point, collecting has likely become more than a hobby, and they may even be willing to \u201cstretch financially&#8221; to acquire a coveted piece.<\/p>\n<h4 id=\"h-past-present-and-future-what-motivates-an-art-collector\">Past, Present and Future: What Motivates an Art Collector?<\/h4>\n<p>Jackson suggests that the desire to buy artwork that appeals to them is rarely the sole motivating factor for the collector. Instead, people who collect art are often spurred by an interest in the past, present, or the future.<\/p>\n<ul class=\"disc-list\">\n<li>A collector who is interested in the past may collect out of nostalgia for pieces related to their personal past.<\/li>\n<li>A collection that&#8217;s focused on the present might be intended to stimulate conversations about current interests and preoccupations.<\/li>\n<li>Finally, the collection that points towards the future is activating conversations about where things, people and places are going from now forward.<\/li>\n<\/ul>\n<p>An art collection may also have an unconscious theme that can only emerge gradually, Jackson says. When the pieces of a growing collection are brought together in one place, the collector may be surprised by an \u201cah-ha moment&#8221; as a unifying idea is suddenly brought into focus.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.rbcinsurance.com\/en-ca\/wp-content\/uploads\/sites\/2\/2022\/09\/203225-art-collections-body-2.jpg\" alt=\"woman looking painting\" \/><\/p>\n<h4 id=\"h-maintaining-and-preserving-your-collection\">Maintaining and Preserving Your Collection<\/h4>\n<p>As an art collection grows it may require ongoing management; this provides an opportunity for a fresh look at all of the pieces acquired. Reviewing and adjusting your collection allows you to reassess the interests you are pursuing.<\/p>\n<p>Managing your collection can also mean ensuring its prudent maintenance. Whether displayed or in storage, professional advice can help ensure the long-term health of a collection. Galleries can help with advice to ensure your collection is appraised so that it can be insured to the appropriate value. As your collection may not be covered under standard insurance policies, you may also want to explore options for additional coverage.<\/p>\n<p>Don\u2019t miss <a href=\"https:\/\/www.arttoronto.ca\/en\/home.html\" target=\"_blank\" rel=\"noopener noreferrer\">Art Toronto 2020<\/a> which will feature a strong online presence that will take place October 28 to November 8 that will include virtual exhibitions.<\/p>\n<p>At RBC Private Insurance, our specialists will work with you to customize coverage to meet your unique needs. For more information, please call our exclusive VIP team at <strong>1-800-769-2517<\/strong>.<\/p>\n<p>\u00a0<\/p>\n\n\n\n<div class=\"wp-block-rbc-section-inner-block  section-inner block-wpr bg-light-blue rounded-corners pos-rel pad-l pad-r mob-pad-r centered-block mob-pad-l pad-t mob-pad-t pad-b mob-pad-b\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading has-text-align-center mar-t mar-b-hlf mob-mar-b-hlf mob-mar-t\" id=\"h-rbc-insurance\">RBC Insurance<\/h2>\n\n\n\n<p class=\"has-text-align-center\">We make it easy to find expert advice, money-saving tips, and a range of insurance options for every moment of life.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button has-custom-font-size aligncenter btn is-style-primary primary has-text-lg-font-size\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.rbcinsurance.com\/en-ca\/personal\/\" rel=\"noreferrer noopener\" data-dig-id=\"LP-11775-476a44f4\" data-dig-category=\"LP\" data-dig-action=\"button click\" data-dig-label=\"Learn More-https:\/\/www.rbcinsurance.com\/en-ca\/personal\/ \">Learn More<\/a><\/div>\n<\/div><\/div>\n<\/div>\n\n\n\t<style type=\"text\/css\">\n\t\t.wp-block-tk-spacer.id-d09c1ab4-bfaf-49fd-bbe9-87e4b252cfe1 {\n\t\theight: 30px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-d09c1ab4-bfaf-49fd-bbe9-87e4b252cfe1 {\n\t\t\theight: 15px;\n\t\t}\n\t}\t<\/style>\n\t<div class=\"wp-block-tk-spacer id-d09c1ab4-bfaf-49fd-bbe9-87e4b252cfe1\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse2de7ba0a\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse2de7ba0a\" data-dig-id=\"LP-HomeInsurance-14506-2de7ba0a\" data-dig-category=\"LP-HomeInsurance\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things Our Lawyers Want You to Know\"><div>Things Our Lawyers Want You to Know<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse2de7ba0a\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p class=\"has-text-sm-font-size\">*Home and auto insurance products are distributed by RBC Insurance Agency Ltd. and underwritten by Aviva General Insurance Company. In Quebec, RBC Insurance Agency Ltd. Is registered as a damage insurance agency. As a result of government-run auto insurance plans, auto insurance is not available through RBC Insurance in Manitoba, Saskatchewan and British Columbia.<\/p>\n\n\n\n<p class=\"has-text-sm-font-size\">This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Are you an art collector? Learn more about how to manage and assess your collection, and how to protect its value over time.<\/p>\n","protected":false},"author":98,"featured_media":7928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/new-rbci-design.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[41],"tags":[24,25],"article-type":[80],"ppma_author":[],"class_list":["post-7913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-insurance","tag-home","tag-wealth-management","article-type-advice-learning"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Building an Art Collection: From Hobby to Passion | RBC Insurance<\/title>\n<meta name=\"description\" content=\"An art collection can require careful management and protection, and your home insurance policy 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