Advice on
acquiring paintings or starting a collection
The art business is a profession,
with rules and laws governing its transactions. However, there is
no law that prohibits the charging or exorbitant sums of money for
sub-standard work or work by artists of limited importance whose
prices are, for whatever reason, inflated.
One example may be
found in the client who was asked for almost €500,000 for a
painting worth less than half that sum.
Our fees in this
instance were €1,500. We do not charge a percentage for this type
of work, rather we apply an hourly rate and estimate in advance
the total fees which will apply.
The same principals apply to the acquisition of lesser works. If
you are considering spending a couple of thousand euros we will be
happy to advise you for a small fee.
Identifying the artists whose work will hold its value in the long
term requires skill and expertise. Don’t be afraid to seek advice
from professionals.
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