Richard Polsky has issued his “Nine Ways to Lose Money in the Art Market” on artnet.com. Here’s a summary:
- Buy a Mediocre Painting Instead of a Great Print
- Let the Auction Houses Talk Down Your Reserve
- Accept a Mere 10% Discount from a Gallery
- Buy with Your Ears
- Buy an Atypical Work
- Buy a Work from a Blue-Chip Gallery without Being Properly Introduced
- Buy a Work by an Artist Wh0’s “In Play”
- Buy a Work Right After an Artist Has Died
- Buy Works of Unusually Large Scale
To get the
Nine Ways to Lose Money in the Art Market (Artnet.com)
