Loss of money on investments in art: 10 anti-soviets

Losing money invested in art can be easily. But besides the traditional scenarios with the purchase of fakes, there are other more reliable ways. We will talk about them.

Harmful advice number 1. Close your eyes to the statistics of auction sales (prices, supply and demand).

Harmful advice number 2. Do not listen to the advice of experts in a certain area, but rely on your own "and I like it, I will take it."

Harmful advice number 3. Buy the work of lesser-known authors at a deliberately inflated price.

Harmful advice number 4. Reason so, if the picture is old, bought at auction somewhere abroad, then it must be valuable.

Harmful advice number 5. Invest in the promotion of an unknown artist or sculptor. Finance his exhibitions, the creation of directories, and somehow more thoughtlessly spend your money on "promotion."

Harmful advice number 6. Fully rely on the opinion of only familiar sellers. And this is despite the creeping doubts about their expertise.

Harmful advice number 7. Chase for big names, not paying attention to the history and state of the work of art.

Harmful advice number 8. Believe any success stories in the art space, rumors, gossip, contrived ratings.

Harmful advice number 9. Do not sell previously purchased works of art. Only constantly and indiscriminately buy them.

Harmful advice number 10. Play against the market and buy not in demand paintings, sculptures, and more.

Anti-soviets seem to be understandable. And it will seem to you that these are truisms. But many collectors and people involved in investing in art, continue to attack the same rake.

But seriously, rely on the professional assessment of an authoritative expert, in-depth knowledge of the history of a particular work of art, as well as constantly monitor the market.