Black collectors, artists talk art as an investment

John Palmer, Karen Comer-Love, Radcliffe Bailey, and gallery owner Arnika Dawkins 
photo by Patrice Worthy

The National Black Arts Festival led a panel discussion on investing in Black Art the need to support Black artists. Artists and collectors mingled at Mercedes-Benz of Buckhead, to learn about the worth of pieces by artists like Radcliffe Bailey and why it’s important to get in on the action.

Karen Comer Lowe, the director of the Chastain Art Center and advisor, says it is important to support artists but it is even more important for a novice collector to educate themselves about Black artwork. She reiterates when you see something you like ….to buy it. Most great artwork appreciates over time and Lowe says buying a piece early is crucial to adding to your collection and allows the collector to get the most out of the investment.

“Why is it important? I‘ll tell you…. I wish I would have bought a Radcliffe Bailey when I first met him,” Lowe laughs. “Now I am trying to twist a way to get a Radcliffe Bailey. Now, I may have to put down $50,000 or more because his work grew in value.  I use that example to show you should support young artists. All art does not grow in value, but some of it does. If you can’t afford to go out and pay $50,000 for art, it is important you support emerging artists on the ground level.”

One component of collecting art is to learn about the artists. The panel agreed while supporting the artists is important, it is essential to get to know artists. Lowes says the best way to meet any artist is to attend shows, even if you don’t buy the work it is important to see and learn about the person behind the piece.

 “In many cases when I start to work with someone they’ll come up and say I have this artist and that artist, and can I find something along those lines that I will like. It’s important to understand there are markets you can find art in.  I am going to say this confidently….you are not going to find collectable art in the mall,” Lowe explains.  “So that’s why it’s important you go to the events to find out who these artists are. Go to the educational programs, not just the High Museum, but the Hammond House and the smaller institutions where you can have personal interaction with the artists.”

Bailey says the collector artist relationship is symbiotic. While the collector may want to get to know the artist, Bailey says being open about your work and inspiration can make a difference between selling a piece and being overlooked. Bailey is not what some may consider an outgoing artist. The painter is known for his quiet but strong demeanor, but he makes an effort to be accessible to connect with the collectors and his subjects. He’s hosted parties at the W Hotel and The High Museum of Art as a way to familiarize himself with the community and vice-versa. Bailey says building relationships with collectors is almost more important to the artists than the collector.

“In terms of collectors, when I first started 90% of the collectors wouldn’t buy my work and that’s because of the subject matter of my work. What I learned is that it wasn’t about the subject matter it was about changing their opinion of the subject matter.  Growing up in the South there are certain sensibilities we have and I wanted to capture that in my work,” Radcliffe recalls. “To be honest I don’t like to allow people in my studio. I see it as a place to work, not a place to sell. To be able to have that relationship with a collector where they see what I do and understand, they go visit my shows in New York, and they have relationships with the dealers in New York, so the relationship with the collector is very important in terms of honoring that and understanding the way that works.”

Noted collector John Palmer says getting to know the artists also increases the value of a piece. Palmer collects African- American Contemporary Art and is a mentor to emerging visual artists. Radcliffe  describes Palmer as one of his biggest collectors, owning about eight or nine paintings. Palmer says he collects Bailey’s work because it is visually appealing and he also genuinely likes the savant as a person.

 “Radcliffe has a beautiful spirit even if he didn’t do art, he is just good people to engage and just incredibly intelligent,” Palmer says. “He has views on things that we all have in common, but his views go on a different path to create something you haven’t seen before…G-d is he intelligent.”

Palmer says listening to an artist and the story behind the work is the most crucial and exciting part of collecting.

“I know what I like. I think we should collect things that we like and love, that speak to us and say something. There comes a narrative You may enjoy an artist lines, but you haven’t begun to have an experience until you talk to her and see what this African- American sister has to say from her vantage point about the world we live in and her collective experiences,” Palmer explains. “So my thing is that art has a narrative and a narrative speaks to who the artists are and what their collective experiences are and how they come to do what they do. That’s what I think makes a difference.”

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*Radcliffe Bailey passed away on November 25, 2023