Invest in art you love without breaking the bank: How to buy art on a budget

Invest in art you love without breaking the bank: How to buy art on a budget

One of the reasons that I launched PxP Contemporary (and enjoy running the business) is because I love the experience of acquiring new art for my personal collection. Whether it reminds me of a special moment in my life, helps me support an artist who I truly admire, or adds personality to my apartment, each piece tells a story or evokes a certain mood. Both Kat and I wrote more about how we each got started with collecting in a blog post on Create! Magazine last year, but essentially, we both agree that building up a budget over time allowed us to make investments on the pieces of art we truly wanted to own. That said, even now, we don’t always choose to pay for artwork in full right away. We understand being cautious with spending in uncertain times, which is why PxP offers payment plans to help collectors be able to continue buying the art they love.

Kestin Cornwall Contemporary Canadian Art Black Artist

How to buy art on a budget

Depending on which work or works you’re interested in, we offer several options for payment plans. For pieces that are $1,000+ or multiple pieces totaling $1,000+, you can take advantage of our partnership with Art Money. You’ll pay an initial deposit for the artwork to the gallery and then split the rest of the balance evenly over a ten-month period interest-free (these payments will be handled by Art Money). In order to proceed with this option, you’d simply let us know the work(s) you’re interested in and then create your account with Art Money. Once they’ve verified you, we’ll get the initial deposit squared away and you can have the artwork sent to you immediately! 

For works under 1k, we offer ShopPay as an option at checkout. You can select ShopPay to split any purchase over $100 into four interest-free payments. These are paid out bi-weekly until the artwork is paid in full. Or, you can arrange a payment plan directly with the gallery instead. If you want to purchase a piece that is $800, for example, you could put down $200 as your deposit and pay $100 over the next six months, $200 over the next three months, or $300 over the next two months. We can either send you a new invoice for each installment payment or if you’re comfortable with sending us your card information, we can process the payments on our end and simply send you the receipts. We always try to be flexible with whatever works best for you.

 

The main difference between the three options is that by working with Art Money or ShopPay, you’ll get the artwork immediately, whereas with us, we will send the piece to you once it is completely paid for. Please reach out with any additional questions! Drop us a line at info@pxpcontemporary.com if you’d like to discuss payment plans further.

Cheers!
Alicia 

 

*Pictured artwork by Jenny Brown, Kestin Cornwall, and Chloe McEldowney.