Question/Discussion: What was the most money you ever spent on art?

So.. I am in a bit of a predicament right now, mostly made up stuff in my head, but I've been very loosely told by an artists manager that I'll be able to get an original soon, since then I've been wondering a lot about what I can afford, what I am willing to afford, how much primary at this point may eben be and if I should try and approach the gallery about possible payment options (beforehand..?)..
So now I was wondering, what's your guys opinion on this? What was the most money you ever spent on art, did you think about it being an investment (either into your enjoyment of your hobby/life/home or monetary) and therefore were ready to spend that much? What would be the most you'll be ready to spend for your favourite artist right now, if you could get primary access?
Would you ever consider taking a loan for art? Did you ever max your credit card for art? I'll start and say yes, I have maxed my credit card before. I'm to this day happy I did because it was worth it and it did pay off not just money wise, but also the enjoyment I got out of the piece. No judging here haha, I know you shouldn't do that kinda stuff. I haven't taken a loan before and I have never paid anything in installments yet, though - or even asked if they offer that.
Can anyone chime in if that's a thing at galleries..? I think I heard it is..
Lucky us: People can't yet see who puts which emoji reaction, so you can kind of "vote" or answer anonymous by reacting with those, feel free to comment and tell me what you think as well! :D
Let's do it with hearts, as their cute :) (just think €, $, GBP etc. whatever applies to you - or the equivalent if you don't have such interchangeable currencies like EUR/USD/GBP right now haha)
❤️: up to 1.000,-
🧡: up to 3.000,-
💛: up to 5.000,-
💚: up to 10.000,-
💙: up to 20.000,-
💜: up to 50.000,-
🖤: up to 100.000,-
🤍: up to 200.000,-
🤎: holy shit, you're a baller

Collective Profile - @amelia

@amelia

Totally agree on having to factor many things when biting the bullet and paying big for art 💰 For me, I firstly have to have an emotional connection to the work/artist's practice and have to see myself living with it for several years. I do think about investment in the sense that I'd like to see the artist become more successful and the work more valuable, but I don't tend to buy with the focus that the artist will boom and I can resell for profit. Then I think about would I rather spend X now on this piece of art or rather on holiday/furniture/handbags (my other guilty pleasure). My biggest edition spend was €1,500 on Tunji's print with AA, which as I knew I will never be able to afford a large scale painting I jumped at the opportunity to own anything by him. My biggest original work spend is potentially €2,500 as I'm considering a small painting by Mircea Teleaga and that is really the max I'd currently spend on 1 piece... tbh I need to save for a house first before buying art to put in it!
3 months ago·
Collective Profile - @amz

@amz

really interesting response i relate to a lot of what you already said. It's interesting how priorities change when you also have other (relatively costly) hobbies/interest involved and your current life stage.
3 months ago·
Collective Profile - @amz

@amz

So many factors going into decisions. Will also depend on your stage of life...new job...family commitments etc. I think with the state of the market there is a sense of urgency as prices can double in a few months so you have to think if this is something I want and I'd consider paying for in a years time should I just go for it now?
3 months ago·
Collective Profile - @sol

@sol

What was the piece you maxed your card out for?? 👀
3 months ago·
Collective Profile - @affe

@affe

Callejas Up To You from AA - to this day the most money I spent on art.. 🥶 I wasn't expecting getting a preorder as it was very back and forth about availabilty and demand, so I got Paul Insects Together Alone just 3 weeks earlier and then, out of nowhere Curtis came through with a preorder - I just started at my new job with some months downtime between the two jobs so there was only one option to afford that second piece within the same month lol 😬
3 months ago·
Collective Profile - @christianluiten

@christianluiten

I like this question
3 months ago·
Collective Profile - @affe

@affe

Good (but very very limited) market research in how much customers may be ready to spend for art at AA haha, but I am genuinely curious especially if galleries do offer like an upfront payment to reserve a piece and then hold it for you to pay like monthly - I think I remember you or Curtis saying a Calleja Up to You (HF) was framed in the warehouse for ages as you were waiting for payment..?
3 months ago·