Richard Polsky has issued his “Nine Ways to Lose Money in the Art Market” on artnet.com. Here’s a summary:

1. Buy a Mediocre Painting Instead of a Great Print
2. Let the Auction Houses Talk Down Your Reserve
3. Accept a Mere 10% Discount from a Gallery
4. Buy with Your Ears
5. Buy an Atypical Work
6. Buy a Work from a Blue-Chip Gallery without Being Properly Introduced
7. Buy a Work by an Artist Wh0’s “In Play”
8. Buy a Work Right After an Artist Has Died
9. Buy Works of Unusually Large Scale

To get the

Nine Ways to Lose Money in the Art Market (Artnet.com)