November 8, 2009

Due Diligence Eliminates Fine Art Mistakes


The Art Law Blog provides perspective concerning the recently dismissed Court Case involving a Julian Schnabel Painting purchased for $380,000 from an Art Dealer who allegedly had said it was worth "at least $500,000" when its true market value "was no more than $110,000."

Savvy Collectors recognize the importance of independent due diligence; too bad the UK couple did not get a second opinion before spending $500,000., on overpriced Dali Prints viewed while on a Cruise Ship.

Just because an Art Dealer, Art Consultant, Art Broker and/or Auction House Specialist makes a claim, never assume it is true.

It is always best to purchase Art from Professional Art Dealers who are also Experts in their fields.
The moment you hear any type of pressure tactics, run.
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