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Art Tip 181: Paintings at Auctions - To Buy or Not to Buy...
Buying paintings from auctions can be quite tricky for the inexperienced art buyer. The variety and amount of painting pieces available at auctions can easily confuse a first time buyer at a public sale.
The record price at most sales is not truly indicative of the actual market value of the painting . Oftentimes you may end up paying too much for a painting . On the other hand, if you intend to sell artworks through auctions, you may end up with less than the actual market value of the painting .
The bottom line? Do your homework and affiliate only with reputable auction houses or online sites.
Art Tip 182: Paintings - Buying from Art Dealers
It is advisable for first time buyers of paintings to purchase their first painting and succeeding art acquisitions from a reputable and responsible art dealer. This is because a respectable are dealers can
provide novice buyers with the information they need to make an informed decision.
Professional art dealers also provide a price that is more likely reflective of the artwork's true market value. Most dealers are more flexible and would be willing to adjust prices also when possible.
Art Tip 183: Art Galleries - Helping You Decide
We all have to start somewhere. If you are new to the wonderful world of paintings and are quite unsure of what to buy or what styles suits you and your abode, then start accumulating knowledge by visiting art galleries.
You need not leave your own room even as there are many art gallery 'exhibits' you can see online. However, feel free to visit an actual art gallery too as they give one a real feel of artworks. Further, gallery owners love to talk and you can get a tip or two from them.
Art Tip 184: Art Auctions - Confusing Guess-timates
Art auctions provide bidders with auction catalogs prior to the actual bidding.
These programs provide an estimated value of the items to be sold during the actual sale.
Often these prices are based on the sale of paintings or artworks of similar nature, however these prices are not truly reflective of the actual market value of the items as most available data is
incomplete. Seek the help of a responsible art dealer to get the accurate price if you are unsure of the worth of the artwork you like.
Art Tip 185: Art Auctions - Scrutinize Bargains Closely
When bidding at art auctions , be wary of artworks that sell below the projected pre-sale price because these may not necessarily be a bargain.
Not all pieces in an auction sell at their estimated pre-sale price. This is due to a number of reasons, it is possible that the estimate is too high and that no one would like to bid on it. Often though the
condition of the painting itself may be questionable or the provenance record may be suspicious and other bidders may have been tipped off.
Art Tip 186: Art Auctions - Bid... Don't Overpay
Set a limit for yourself before buying at art auctions . Oftentimes, the most expensive artworks sold at an auction are not really the best. There are times when the price of a lesser-valued painting by a
famous artist may escalate only due to the excitement of the auction.
When this happens, most bidders, especially inexperienced buyers tend to overreact for fear of missing the chance of buying what they perceive to be a priceless painting. Buying merely on impulse might
cause you to overpay and worse for a painting you might not even like.
Art Tip 187: Buying Artworks Online
Buying art through the Internet is the same as buying artworks offline (i.e., through retail and auctions). This is because most physical art dealers are available online through their own websites so the 'goods' are available to a wide market.
Many sites post information regarding available paintings for sale at other websites, while a great many also actively sell paintings themselves. Art dealer websites that sell paintings themselves charge their commissions to the buyer and or the seller.
Art Tip 188: Buying Artworks Online II
It is best to follow the same precautions you would do with any other kind of purchase when you buy your artworks whether on the Internet or through a reputable art dealer.
Call or email the dealer about the painting you are interested in. Request for a report regarding the existing state of the artwork along with a photograph. Set up an appointment with the dealer to view the painting in person and make sure the terms of your arrangement are put into writing.
Art Tip 189: Beware of Fake Paintings
The Internet provides access to many artwork resources. First time buyers should be cautious when dealing online and conduct business only with reputable art dealers to avoid purchasing fake paintings .
Buyers should also be aware of the proliferation of fakes and artwork forgeries on the Internet. Many websites that sell expensive artworks make an effort to protect consumers by only allowing sales of
registered dealers. Buyers may request for a certificate of authenticity for a painting from a qualified art professional prior to any sale.
Art Tip 190: Purchasing and Viewing Paintings Online
Buying paintings online can save you the trouble of dealing with stuck-up salespeople that often try to dictate what you should or shouldn't buy. Browsing online lets you view artwork leisurely.
Before buying a painting , decide on where you plan to hang it and measure the area. It is also best to view available artworks online at the largest possible size preferably using a high resolution monitor.
Buyers can expect to spend an average of $2000 for a quality painting purchased online. You can also search for artworks within a specific price range at websites that specialize in selling paintings.
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