What 5 of the World’s Riskiest Art Buys Tell Us About Collecting Art Today

As the art world braces for an estimated $2 billion fall auction season in the next few weeks, it’s no secret that the global art market is moving ahead at a rapid-fire pace. The stakes appear higher than ever with an unprecedented number of seven-, eight-, even nine-figure works on the auction block. While headlines frequently trumpet enormous prices for masterpieces that appreciate at stunning rates over years or decades, there are also plenty of inherent risks involved when dealing with such pricey individual objects. Read on for artnet news rundown of  some of the biggest pitfalls and common risks facing art buyers today.

Source

Leave a comment

Your email address will not be published.