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