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