How to invest in art - Quiz
  • 1. What is the first step in investing in art?
A) Ignoring provenance
B) Buying the most expensive piece
C) Research and Education
D) Following trends blindly
  • 2. What is 'provenance' in the art world?
A) The gallery's profit margin
B) The history of ownership of a piece
C) The artist's birthplace
D) The frame's material
  • 3. Which of these is NOT a factor affecting art valuation?
A) Historical significance
B) Artist's reputation
C) Condition of the artwork
D) The color of the artist's hair
  • 4. What does 'edition number' indicate in a print?
A) The date the print was made
B) The artist's favorite number
C) The print's position in a series
D) The print's value
  • 5. What is diversification in an art portfolio?
A) Investing in different styles and artists
B) Always buying the same artist
C) Only buying paintings
D) Buying only one type of art
  • 6. Where is a good place to start buying art?
A) Telemarketing schemes
B) Pyramid schemes
C) Local galleries and art fairs
D) Black market
  • 7. What is an 'auction record'?
A) The artist's biography
B) A legal document prohibiting sales
C) The price a work sold for at auction
D) A museum's exhibition schedule
  • 8. Why is condition important when buying art?
A) Adds character
B) Can be easily fixed
C) Affects value and longevity
D) Doesn't matter
  • 9. What is 'conservation' in art?
A) Preserving and restoring artwork
B) Destroying artwork
C) Creating artwork
D) Selling artwork
  • 10. What is the role of an art advisor?
A) Providing expert advice on buying and selling art
B) Framing pictures
C) Cleaning artwork
D) Hanging artwork
  • 11. What is 'contemporary art'?
A) Art made in the present day
B) Art made in the Renaissance
C) Art made in ancient times
D) Art that is always cheap
  • 12. What is a certificate of authenticity?
A) A receipt for purchase
B) A guarantee of future price increases
C) A decorative frame
D) Document verifying the artwork's genuineness
  • 13. What is a 'retrospective' exhibition?
A) An exhibition of modern furniture
B) An exhibit of old photographs
C) A small group show
D) A comprehensive exhibition of an artist's career
  • 14. Which of these is a potential risk of investing in art?
A) Lack of liquidity
B) Immediate profit
C) Constant popularity
D) Guaranteed high returns
  • 15. What is 'art insurance'?
A) A type of art appraisal
B) A competition for artists
C) A tax on artwork
D) Protection against damage or theft
  • 16. What is 'art market speculation'?
A) Avoiding art investments
B) Buying art for personal enjoyment
C) Buying art with the expectation of a quick profit
D) Investing long-term in established artists
  • 17. What does 'signed and numbered' mean on a limited edition print?
A) It's always valuable
B) It's a mass-produced item
C) It's a forgery
D) The artist signed it, and it's part of a limited series
  • 18. What should you consider when storing art?
A) Temperature and humidity
B) Stacking artworks on top of each other
C) Leaving it in direct sunlight
D) Storing it in a damp basement
  • 19. What is an 'art fair'?
A) A competition for emerging artists
B) A historical society meeting
C) A museum exhibit
D) An event where galleries display and sell art
  • 20. What are 'Emerging artists'?
A) Artists who only create paintings
B) Dead artists
C) Well-known and established artists
D) Artists at the beginning of their careers
  • 21. What is the 'Secondary market' for art?
A) The sale of art supplies
B) The sale of framing materials
C) The artist's studio
D) The resale of art after its initial sale
  • 22. What is a 'Tax advantage' in art investment?
A) Ignoring tax laws
B) Paying higher taxes
C) Always avoiding taxes completely
D) Potentially lower capital gains taxes depending on the region
  • 23. What is an 'appraisal'?
A) A museum ticket
B) A legal contract
C) Professional estimation of an artwork's value
D) The artist's biography
  • 24. What is 'Art Basel'?
A) A major international art fair
B) A type of paint
C) A museum in Switzerland
D) A famous artist
  • 25. What does 'limited edition' mean?
A) Unlimited copies can be made
B) Only a certain number of copies exist
C) Exclusively paintings
D) Always more valuable
  • 26. What is a 'private treaty sale'?
A) A sale involving the government
B) A public auction
C) A sale negotiated directly between buyer and seller
D) A sale at auction
  • 27. What are 'Art Funds'?
A) Investment vehicles pooling money to buy art
B) Charitable donations for art
C) Government subsidies for artists
D) A type of loan for art students
  • 28. What is 'Patronage' in the art world?
A) Criticizing art
B) Financial support for artists
C) Stealing artwork
D) Ignoring art
  • 29. What is a 'Biennale'?
A) A type of brush
B) An art event that takes place every two years
C) A museum director
D) A type of painting
  • 30. What is 'value investing' in the art world?
A) Ignoring research
B) Buying art based on hype
C) Short-term speculation
D) Buying undervalued art with long-term growth potential
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