What evaluations to do before buying antiques and works of art
The purchase of a work of art or an antique good, even more than any other type of product, requires careful evaluation.
This need is dictated not only by the fact that it is often a considerable investment, but also by the variability in the estimation of the value of these assets and by a number of other considerations.
In this article we analyze the three essential evaluations before buying antiques and works of art.
The first reflection is undoubtedly that of an aesthetic nature.
The preference for one or another artistic expression, furniture or antiques must necessarily visually satisfy the buyer.
A premise that might seem obvious but in reality it is necessary above all in the current market perspective. Investing in art cannot and should not be considered exclusively an economic investment.
Secondly, the assessments must concern some intrinsic characteristics of the object itself, also carefully analyzing the related risks.
We therefore mean all those factors that contribute to increasing or not the value of the object (cultural, economic or commercial), such as the author and the origin, the subject, the state of conservation, and last but not least the publications or citations. by critics, museum and art exhibition certifications.
Third key factor, the financial side.
Fundamental consideration whatever the motivation that leads the buyer to conclude the negotiation, but above all where it is also intended as an asset investment
In this case, the assessments of the interested party must also take into consideration the trend of the art market with its specificities, the knowledge of supply and demand and the evolution of prices, in order to be able to better target one’s own investment.
In this sense, we point out the analysis “Collecting and Investing in Art” prepared by Artprice.
According to the aforementioned report, the Global Price Index * has grown by 36% since 2000.
(* calculated on the basis of all global award results).
In the Deloitte art and finance report of 2018, in recent years real services have been created by Wealth Management dedicated to consulting on art (and investments on it), as an integral part of wealth management.
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