| The acquiring of art for business purposes
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| | credentials are questionable at best.
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| has increased since the early 80's and has
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| | To prevent fraud and also ensure the value
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| kept pace with other investments and in
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| | of a piece, authenticating artwork with
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| sometimes outperformed other investments.
| |
| | documentation, or provenance, can be a
|
| It is important for investors to remember
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| | great idea. An authorized appraiser can
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| that there is a finite amount of artwork
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| | make sure the proper documentation is in
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| from famous artist waiting to be bought
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| | order to determine the pieces true worth.
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| and sold. Therefore, more moderate returns
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| | Most new art investments aren't made with
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| on art investments should be expected.
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| | all the pertinent information at hand. Art
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| Art, like many other investments, can lose
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| | investing is a business and it's important
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| or gain value quite quickly. Art is unique
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| | to invest in that business aggressively.
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| from those markets, though, because the
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| | If it's possible to invest more money in
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| reasons for a change in value are often
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| | an artist premiere pieces of art, then
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| unforeseen and objective. Unlike stocks
| |
| | that's what should be done. Buying a piece
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| and real estate, an art investor can't go
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| | that an investor likes as well as captures
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| to a single source and find out exactly
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| | the interest of the industry is quite
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| what an art investment is worth.
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| | important.
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| As a business, art investing can mean
| |
| | Many critics of the business or art
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| quite a return if the piece is held for
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| | investing might contend that art is
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| long enough. Many investors new to the art
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| | entirely too unrealistic as an investment
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| buying industry have been attracted by the
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| | strategy. They conclude that while stocks
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| advertising of record art sales which have
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| | and other conventional investments bring
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| taken place in recent years. A large
| |
| | in a steady income, artwork only becomes
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| return isn't guaranteed, but it's
| |
| | profitable if it can be resold. The profit
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| certainly a possibility that's intriguing.
| |
| | resale value of art is never an exact
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| Besides giving some a very tidy return,
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| | science.
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| the business of art investing isn't
| |
| | Acquiring art has quickly become a
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| subject to market fluctuations like other
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| | feasible part of a diversified portfolio.
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| investments. Buying art doesn't require as
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| | This is not only the case in America, but
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| many fees and related costs that, say,
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| | in countries worldwide. The Middle East
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| buying stocks does. That is an added
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| | and Far East have hosted investors who've
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| benefit for art buyers who are already
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| | completely bought into the idea of
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| seeing higher than average returns.
| |
| | investing. As of late, the Austrailian art
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| The biggest downside to art investing as a
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| | market has become more prominent as well.
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| business is not making the wrong
| |
| | Many a multi-million and billionaire
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| acquisition, but becoming subject to
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| | foreign business persons have invested
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| industry fraud. Having phony artwork and
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| | steeply in Western art antiquities and
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| passed off as real has lost art buyers
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| | newer creations. It makes sense that the
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| millions of dollars. Usually, the people
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| | business of art investing intrigues so
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| passing off these fraudulent pieces are
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| | many as the world economy broadens and
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| themselves frauds whose brokering
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| | traditional investing becomes less sure.
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