I primarily buy art to show it off.

Nobody can give you advice after you've been collecting for a while. If you don't enjoy making your own decisions, you're never going to be much of a collector anyway.

If I stop being on good behaviour for a moment, my dark little secret is that I don't actually believe many people in the art world have much feeling for art and simply cannot tell a good artist from a weak one, until the artist has enjoyed the validation of others - a received pronunciation.

I primarily buy art to show it off.

The most abiding memory of visiting Lucian Freud's studio were his eyes, with the gimlet gaze of a Hooded Falcon. But he made for very relaxing company, quick to be amused at the world and his own peccadilloes. He enjoyed the seedy squalor of his rooms in a posh house in the most desirable part of Holland Park, and living up to his persona as an oddball bohemian.

Lots of ambitious work by young artists ends up in a dumpster after its warehouse debut. So an unknown artist's big glass vitrine holding a rotting cow's head covered by maggots and swarms of buzzing flies may be pretty unsellable. Until the artist becomes a star. Then he can sell anything he touches .

Artists need a lot of collectors, all kinds of collectors, buying their art.