A collapsible easel for holding items to be displayed, the easel having a top assembly and a base assembly. The base assembly includes two front legs and a rear leg, each leg pivotally mounted to the top assembly with cushion members forcing part of the top assembly to provide a slight restriction against pivoted movement of the two front legs. A V-shaped spring assembly is pivotally mounted on the rear leg, and is removably attached to each front leg. Insertion of portions of the spring assembly into apertures in the front legs, allows the easel to stand in a tripod configuration. Removal of portions of the V-shaped spring assembly from the apertures in the front legs allows the legs to be folded together. In another embodiment, a collapsible brace assembly connects the rear leg to the front legs. The collapsible brace assembly comprises a pair of lateral struts extending between and engaging each of the front legs and a bracket connecting the lateral struts. The bracket of the brace assembly further engages a rear extension assembly which extends to and is pivotally connected to the rear leg. The dimensions of the lateral struts and the rear extension assembly are determined by a first open tripod position and a second closed position of the easel such that the easel may be folded flat for easy transportation and storage.