Art can be an intimidating world. It seems that everyone understands what’s going on except you, which can make it difficult to buy your first piece of art.

It’s not that difficult, says lawyer, collector and art expert Peter Hort, an heir to the Hort art collection. It’s really about educating yourself, setting and sticking to your budget.

Educating yourself begins with visiting museums and galleries. “Decide what you like,” says Hort. “Talk to other collectors or art consultants. Go to galleries and start to meet these people and talk to other people in the community.”

Another way to get a feel for the art world is to attend art auctions to learn about value and the speed of bidding.

Once you feel confident and are ready to make your first purchase, it’s about setting and sticking to your budget. Hort says to buy what you love but if you’re going to spend a lot of money, you may want it to be an investment piece. The reason why you should set a budget is because you could get carried away during an art auction. The energy of the room and the rapid-fire pace of bidding could make you blow your budget.

When buying art, all most people have to go on is their gut. This isn't a bad way to go about it actually. Kelsey Hubbard speaks with the director of NY's Andrea Rosen Gallery and gets a few tips on how to cultivate an art collection.