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How to invest in art - Quiz
Contributed by: Frost
  • 1. What is the first step in investing in art?
A) Following trends blindly
B) Research and Education
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 gallery's profit margin
C) The frame's material
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) Artist's reputation
D) Historical significance
  • 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) Only buying paintings
B) Always buying the same artist
C) Investing in different styles and artists
D) Buying only one type of art
  • 6. Where is a good place to start buying art?
A) Telemarketing schemes
B) Local galleries and art fairs
C) Pyramid schemes
D) Black market
  • 7. What is an 'auction record'?
A) A museum's exhibition schedule
B) The price a work sold for at auction
C) The artist's biography
D) A legal document prohibiting sales
  • 8. Why is condition important when buying art?
A) Adds character
B) Can be easily fixed
C) Doesn't matter
D) Affects value and longevity
  • 9. What is 'conservation' in art?
A) Destroying artwork
B) Selling artwork
C) Creating artwork
D) Preserving and restoring artwork
  • 10. What is the role of an art advisor?
A) Cleaning artwork
B) Providing expert advice on buying and selling art
C) Framing pictures
D) Hanging artwork
  • 11. What is 'contemporary art'?
A) Art made in ancient times
B) Art made in the Renaissance
C) Art made in the present day
D) Art that is always cheap
  • 12. What is a certificate of authenticity?
A) A guarantee of future price increases
B) A receipt for purchase
C) A decorative frame
D) Document verifying the artwork's genuineness
  • 13. What is a 'retrospective' exhibition?
A) A small group show
B) A comprehensive exhibition of an artist's career
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) Constant popularity
B) Immediate profit
C) Guaranteed high returns
D) Lack of liquidity
  • 15. What is 'art insurance'?
A) A competition for artists
B) A type of art appraisal
C) A tax on artwork
D) Protection against damage or theft
  • 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) The artist signed it, and it's part of a limited series
B) It's always valuable
C) It's a mass-produced item
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) Artists who only create paintings
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 resale of art after its initial sale
C) The sale of framing materials
D) The artist's studio
  • 22. What is a 'Tax advantage' in art investment?
A) Paying higher taxes
B) Always avoiding taxes completely
C) Potentially lower capital gains taxes depending on the region
D) Ignoring tax laws
  • 23. What is an 'appraisal'?
A) The artist's biography
B) A museum ticket
C) Professional estimation of an artwork's value
D) A legal contract
  • 24. What is 'Art Basel'?
A) A famous artist
B) A major international art fair
C) A type of paint
D) A museum in Switzerland
  • 25. What does 'limited edition' mean?
A) Only a certain number of copies exist
B) Always more valuable
C) Exclusively paintings
D) Unlimited copies can be made
  • 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) 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) Criticizing art
B) Stealing artwork
C) Financial support for artists
D) Ignoring art
  • 29. What is a 'Biennale'?
A) A museum director
B) A type of painting
C) A type of brush
D) An art event that takes place every two years
  • 30. What is 'value investing' in the art world?
A) Buying undervalued art with long-term growth potential
B) Ignoring research
C) Buying art based on hype
D) Short-term speculation
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