Frequently asked questions on art, buying and selling art, collecting and investing in art
Following are some of the art questions we have come across.
We thought the answers should give a first insight, so we deliberately kept them rather short.
If you would like to know more on a particular topic, email us on info@bhfineart.com.
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Why should one buy art at all? No-one
“should” buy art. However, if you love looking, using your mind and
learning, then art can be a very rewarding interest – and you might end
up “having to” buy art. Great art will expose you to new worlds and
ideas and widen your horizon.
However,
buy art only when you have done your homework thoroughly. Never buy art
just because it is touted as a “sure investment”, this is a sure way to
disappointment.
Isn't art a pursuit just for the wealthy? No. We believe that anyone with an interest can own original works of art by renowned artists if they really want. “Big”
money doesn’t necessarily buy good art, and even just “small” money can
provide you with an artwork that will hold its value (unlike your new
car for instance…). It is all in the know-how – as in knowing what art
and artists you like, the budgeting, careful planning and seeking
impartial advice, and then buying from the right sources when the time
is right. What is original art? Any
work that the artist has put the main ideas towards and has been
predominantly involved in the execution, eg. an oil painting, a
watercolour, a drawing. Original limited edition prints are defined by
the printing techniques used to create the image. There are four main
techniques:
lithographs,
screenprints,
intaglio prints, eg. etchings or engravings,
relief prints, eg. woodblock or linocut prints
Limited
edition prints are hand signed by the artist, titled and numbered,
usually not more than 50 or a 100, called the edition, plus some
artist’s proofs (written A/P on the print) and possibly printer’s
proofs (P/P). After print production, the image-bearing medium is
destroyed, so that no more works can be printed, thus limiting the
edition.
Limited
edition prints are a comparatively affordable way of acquiring a work
by one of the great artists. The numbering does not influence the value.
What do I need to do to start an art collection?
Learn about art and the artist
Think
about your collecting guidelines, eg. works of a particular period or
area, of a certain artist, of a subject matter or the technique, eg
works on paper
Set yourself a budget
Buy what you like
Buy an established or promising artist’s work
Buy from a reputable source
Get professional, independent advice
Be prepared to “make mistakes” and for the fact that your taste will change
If you would like a sounding board, then see what our art advisory service could do to give you a head start in the art world. What is provenance? Provenance
is French, meaning the source or origin where an artwork comes from.
With valuable works, it is vital to know the provenance or history of
ownership, in order to prove its authenticity. Documents such as
purchase receipts and certificates from reputable sources as well as
expert reports are the main ways of establishing the provenance.
When you buy a work, it is therefore very important to keep all related documents, even all labels on the back of the artwork.
Does it matter how big an artwork is? Yes,
it does: smaller works by the one and same artist cost less, as do his
works on paper. It is a good idea to compare prices of works in various
techniques by the same artist, you might find that you prefer works on
paper to oils on canvas…
Is it safe to buy art on ebay? Maybe,
if you know what you are looking at and know the seller. But bear in
mind: buyer beware - the seller might not be knowledgeable about art
and techniques himself. And true bargains are usually recognised only
by experienced buyers.
It
is a lot wiser to buy certainly your first works where you actually can
see and examine them and where you know the vendor, e.g. a recognised
gallery or a reputable fine art auction house. That way, you also have
recourse, if ever you should need it.
How do I sell an artwork? This
very much depends on the artist and the type of work. With every work
or collection, you’ll need to establish what the market value is and
research which would be the best market for that work, both
geographically and the method of sale, eg. private treaty, through a
gallery or at a fine art auction. It is a good idea to seek impartial
advice from an independent art consultant who knows the art market
well.
How do I look after my artwork? In
general, artworks don’t like direct sunlight, humidity and heat. Works
on paper are a lot more delicate than oil paintings and should not be
exposed to direct sunlight, hung on outside walls nor close to heated
surfaces, eg fireplaces, to keep them in good condition.
How do I frame an artwork? Valuable
artworks need to be framed accordingly, the best is conservation
framing, where only acid-free materials are used, and in case of works
on paper, UV-resistant glass. The glass must not touch the artwork,
otherwise there can be humidity gathering on the surface, which in turn
will lead to foxing, unsightly brown spots on the paper. And these can
only be removed by a professional restorer.
The
choice of frame very much depends on the artwork itself, as it should
enhance the artwork, not just match the furniture. Trust a good
professional framer’s advice on that one.