Buying art is a great way to take advantage of the art market. Art can be an investment as well as a collectible, and it is also a great way to decorate your home. No matter what your reason for buying art, you should follow some basic rules to make sure you are getting the best deal and aren’t getting ripped off.
Here are some tips on how to buy art safely.
The art market is a business and, like all businesses, it seeks to sell as much of its product as possible for as much money as possible. Many buyers and sellers in the art market are not professionals and buyers should be aware that their interests may differ from those of experienced art dealers who represent the seller.
For example, when you buy from a gallery or dealer, you are paying for expertise, for the care with which your purchase is packaged and insured, for any import duties or other taxes collected by customs authorities when your purchase enters your country, for shipping and delivery costs and for any other services provided by your dealer.
Art galleries and dealers do not include the above charges in the price they display to you because they are added later. Therefore, if you buy direct from an artist or an individual seller on the Internet or through an auction house or at a live auction, these costs will be your responsibility.
Once you have purchased a work of art, there are additional costs to consider: insurance (you will be responsible for insuring your artwork when it is in transit), storage and maintenance costs (if you decide to store or maintain the work yourself) and any applicable taxes (federal, state or local). If you want to resell your artwork at some
Here is a list of art terms to help you understand what the artist has to offer you.
Art Terms* Artwork: The piece that is being sold. It can be an oil painting, a watercolor, or any other kind of artwork.
* Art Prints: Any kind of artwork that has been reproduced and is available in multiple copies (usually in black and white).
* Artist: The person who created the artwork or art print.
* Authentication: A certificate issued by a reputable expert confirming that the artwork that was presented for authentication is really the work of the artist stated to be its author.
Art is a big world. The more you learn about it, the more you’ll realize that it’s something that belongs to everyone and no one can have an opinion on everything. You can’t be an expert in everything and every piece of art will challenge your taste even if you’re very familiar with the art history, as well as your finances.
Art can be a rewarding investment because it has the potential to rise in value. However, art is also a risky investment because you don’t know whether the work was created by an artist who is on the rise or one who is losing popularity. Here are some signs that can help you identify which artists are riding high:
– Artwork by the artist was recently being sold for 10%-20% less than you paid for your piece. If demand for his work continues to wane, you may have to mark down your pieces as well.
– The artist has received recent critical acclaim for his body of work or for work that overlaps with yours. This means he could get even more popular in the future, which would allow you to sell your pieces at a higher price.
– There is an active secondary market for similar artworks by other artists and rising prices could mean that your piece will also become more valuable.
– The artwork has been featured in magazines and newspapers lately. If this is due to the artist’s popularity, your artwork will become more valuable over time as well.
If any of these signs seem like they apply to you, then your art may be a great investment! However, if none of them seem applicable, then it’s probably time