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TIPS FOR BUYING ART

21 April 2009 No Comment

Investing in Art is perhaps something that was unheard of even 10 years ago. As we all know, famous masterpieces appreciate in value and not depreciate. Not often but sometimes it can be a wonderful deal when the piece of art fetches the returns on investment in a big way. Perhaps more rare is perhaps a masterpiece being discovered in an obscure flea market and sold off for ten times the price it was bought for. In this digital age however, it’s more and more difficult to separate the genuine from the fakes and there are a few simple thing that one can do. It just takes some common sense really. If you have found a painting that you really like consider these things first;

a.-A profile of the artist and his previous works.

b.-History of the painting that one is interested in.

c.-If the painting is sold in the gallery then a certificate mentioning the date of painting, acknowledgment of the artist and authorization of the gallery owner to sell the painting is required.

d.-If possible check out some more art galleries and more paintings too.

e.-Sales talk by the gallery is generally to make sure the buyer will not change his mind. So read in between the sales talk and then decide.

f.-Get to talk to the artist if possible about the inspiration to paint it

g.-Resale terms and conditions should be chalked out too if you wish that the same gallery do the job later.

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