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<p>[QUOTE=&quot;verybrad, post: 34072, member: 37&quot;]When purchasing for investment or resale, I tend to think pennies on the dollar. You have to remember that auction prices reported are for a particular work on a given day. You also have to be cognizant that the prices quoted also include selling fees that come off the top. The art market fluctuates quite a bit for works at the lower level of value for listed artists. Subject matter and size make a difference. All these things need to be taken in to account when evaluating art. This is why you often see quite different values realized for various works by a given artist.</p><p><br /></p><p>Some of this does not matter quite as much when purchasing to hold. However, if you are buying just because you find a listed artist and don&#039;t love the art, you will soon find yourself with a lot of works with money invested with little intrinsic value to yourself. Unless something is just dirt cheap, I tend to evaluate works with an eye for myself.&nbsp; I always ask the question of whether or not this is a work that I would want to hang on my wall.&nbsp; If the answer is yes, I might be willing to pay a bit more for a given work. </p><p><br /></p><p>Don&#039;t be afraid to pass works by unless you absolutely love them. I have found that there are endless buying opportunities. Another work of equal or better value is right around the corner. Also keep in mind that all purchases have opportunity costs. Unless you are independently wealthy, buying something now because you find it may mean that you won&#039;t have the funds to purchase something better down the line.&nbsp; Believe me, I have been there and done that.[/QUOTE]</p><p><br /></p>

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