It could be that one work is subject to very different market forces than the other. Just because one artwork costs less than another doesn’t mean it’s a good deal. And remember! If you don’t want to live with it, it’s not worth buying at any price. Or you can approach it as a financial decision, after first acknowledging that even the best-laid plans still don’t guarantee a return on investment.Įither way, you can use the following as a guide. You can consider the acquisition as you would a chair or lamp, something to be used and enjoyed but not resold. That said, there are approaches you can take to art buying. In other words, don’t stress out about buying art as an investment, because it’s generally a bad one. The rest of us are left to buy art that will almost certainly lose value - and never gain it back - the second we hang it on the wall. If the value of a piece of art ever goes up, it usually does so through a small number of traditional, surprisingly predictable channels: art dealers who persuade their wealthy clients to spend more auction houses that entice wealthy collectors to bid higher wealthy collectors themselves buying and selling art to each-other and finally through an ecosystem of curators, scholars, critics and tastemakers who contribute, in whatever elliptical way, to perceptions of worth.
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