The figures prove it: the contemporary art market is booming, and more and more private individuals and institutions are buying works of art. The few questions inherent in the process of buying works of art can, however, put a damper on the enthusiasm observed. If you ask yourself the right questions, there's really no need.
Buying a work of art: the essential questions to ask yourself
There are generally two main reasons for buying a work of art:
- an investment approach with the aim of increasing and diversifying an asset base,
- the satisfaction of an epicurean need, the desire to please oneself and bring joy by acquiring an aesthetically pleasing and delightful art object.
Once you've established the market or emotional process, there are some key questions to answer that will guide your choices. Here are the main ones:
– Should you focus on well-known or up-and-coming artists? While the big names in art are always in demand, a developing artist could become the Picasso or Andy Warhol of tomorrow!
– How can I find out what artists are worth? There are various ways of finding out, including the press, specialist websites and professional advice.
- How do you know if a work of art is authentic? Every work of art must be sold with a certificate of authenticity attesting to its authorship. If this is not the case, there is a problem. Demand this certificate at all costs at the time of purchase.
If you have any questions before buying a work of art, which is perfectly legitimate, don't hesitate to ask for reassurance. by reading the full guide which we published on the Artalistic! website.