Many art collectors forgo insurance; some because of the prohibitive cost, others over the inconvenience, and the vast majority because they assume “it won’t happen to me”. To be clear, if you own any artwork worth a few thousand dollars or more, you should definitely insure the collection.
There are many factors that go into pricing a piece of art. Sure, some of them are less tangible than others, but they’re all quite easy to follow once you observe them. So, without further ado, let’s take a look at the factors which really determine the price of the art.
It’s important to stay within budget and, if you’re investing in art, it should match the rest of the room. But those aren’t our only two considerations. Let’s take a look at all those swirling thoughts which dominate our decisions when buying artwork, and see which matter most.
Investment in emerging artists is a necessary step as we look towards the future of contemporary art. If a world void of original art holds no interest for you, or you simply want to locate inexpensive, original works, then consider casting your net among emerging talents.
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