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5 points for starting out Investing in Art

  1. Take your time: Keep your hands a long way from your wallet. Spend six months looking, thinking and deciding on what art you like.
  2. Then look-see: Get out and about as much as possible to view all manner of artworks. Collectors should visit art galleries and private collections, attend exhibitions and auction house sales.
  3. Always buy quality: The quality proposition is the most significant consideration when purchasing an artwork. A bad picture by a good artist will never become a good painting.
  4. Be prepared to pay a fair price: What the seller or market may want is not necessarily a fair price. Don’t focus on a cheap price, at the expense of quality. A “fair price” in essence must be fair to all.
  5. Find your art buying partner: Every major art collection was done in alliance with a quality art consultant or dealer. Quality art partners will help a collector sort the good from bad. They will tutor, confront and hopefully expand an art collector’s eye (no matter how experienced the collector) and they will hunt down that rare or hard to obtain artwork.