Navigating the Luxury Art World: An Uncharted Journey for the Bourgeois
The fascinating world of luxury artwork is not for the faint of heart. Much like the Amazon rainforest, venturing into it unprepared could leave you lost, bamboozled, and – worst of all – poorer than an art critic in a billionaire's gallery! (There you go, an art joke to lighten the mood! You're welcome.)
The Art-pocalypse: Learning to Read the Luxurious Landscape
If you think navigating the luxury art world is as easy as bidding for a Picasso, allow me to introduce you to the 'Art-pocalypse' – a term used when a well-meaning art enthusiast ends up buying a forgery worth a fortune, only to realize it later. According to an ArtTactic and Hiscox Report, almost 63% of art collectors have been sold a forgery once in their life! Let's ensure you're not next on this dubious list, shall we?
The Curious Case of Informed Decisions
Buying artwork doesn't solely rely on having a keen eye or deep pockets. It's more about making an informed decision. Remember what Dalí said, "A true artist is not one who is inspired, but one who inspires others." As luxury artwork owners, our journey is not just about acquiring but inspiring through our collection. Sounds like a Herculean task, doesn’t it? Worry not, we've got your back (or in this case your wallet!).
The Masterpiece of Understanding Authenticity
Knowing the history of the artwork and the credibility of the artists is as essential as recognizing a Van Gogh from a Warhol. As Picasso once said, "Art is a lie that makes us realize truth," so let's steer clear of those lies that are just...lies. Effortlessly tackle this, thanks to databases like the Art Loss Register or Art Recovery Group. They can quickly brief you on the history of the artwork and ensure you’re not buying from any stolen or looted pieces.
The Bold and the Beautiful Bidding Wars
Finally, let's talk about bidding, the blood sport of the luxury art world. Shows like the Auction House and The Price of Everything have glamorized the bidding war, but remember, it's only a war if you're prepared to fight. Or in this case, bid correctly. Websites such as bidsquare.com or artprice.com can help you dive headfirst, lurking or emerging, out of the bidding ocean.
