Monday, August 3, 2009
What to avoid when buying art
"Buy from reputable art dealers" ...That's easy to say, but how can you - the uninitiated - discern between a reputable dealer and a less reputable one?
When you are purchasing art, for more than $700 for an original work on paper or $2000 for a painting, it is a good idea to work with a reputable dealer. Do your research on artnet.com or artinfo.com.
Avoid any dealer with who sells Salvador Dali, Peter Max or Norman Rockwell. Other artists to avoid are Tarkay, Erte, Earle, Jiang, Chagall (late), LeRoy Neiman, and Agam etc. They are all overpriced.
Avoid buying art from the framer in your local shopping mall. Typically, they know little about the realities of the broader art market.
Avoid galleries located in tourist areas, hotels, airports, shopping malls. The average person only thinks about buying art on vacation, some galleries take advantage of that.
Avoid the "Limited Edition Print" and dealers who sells them. They are often nothing more than overpriced, signed posters.
Avoid the dealer who talks investment and offers a "Certificate of Authenticity". Certificates of authenticity are usually phony. They lead you to believe that you have an original piece of work when in reality you may not.
Avoid buying art at auction on cruise ships. See the numerous lawsuits over counterfeit Dali prints on www.fineartregistry.com
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