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