3 Checks Before Investing in an Art Collectible

Without these checks, the investment may go south
June 17, 2023

Investing in art is not a secret any more to be an alternative to make money. However, like every other aspects in life, doing  due diligence is a must before the jump. This article aims to help readers understand some basic "to-dos" before pulling out credit card to finish the transaction. 

 IMAGE FOR BLOG CAUTION BEFORE BUYING

1. Check the condition 

It is very exciting to see a great deal online. Many limited edition collectibles end up in very different conditions due to various care levels.  Online photos, many of which, don't reflect the real product but when the product was in mint condition. After receiving the product, there are scratches, worns and other damages. The buyer wastes time and money during this process. Examing the art collectible with your own eyes, as far as we see, is the best way to decide to purchase or not. 5Art Gallery presents the products at its brick-and-mortar at 8250 Melrose Ave, Los Angeles, CA 90036. We welcome any collectors to visit our store and see the real deals. 

 

2. Check the provenence 

Knowing where your desired art piece has been is very crucial before purchasing. No one wants to buy something which was stolen from others. A product with a clear background check can help your ownership to be worry-free after purchasing. It is always a good idea to ask for the previous purchase invoices and prove the sources. 

 

3. Check the purchase policy

No one likes to read small-font, multiple pages of purchase agreements. However, it is very crucial to understand what you pay for.  Return is not necessarily a good policy for high-value and fake-prone products.The reason is that swapping products can easily happen and be very difficult to spot. Once the business allows returns, it is open to potential swaps.To make sure the returned goods are not fake is very difficult for some products. 5Art Gallery do not take returns (except for specific conditions) due to the reason described above, as we want to make sure our 100% authenticity of the products. 

 

5Art Gallery aims to provide quality service and 100 authentic art collectibles to our clients. We work hard to provide relevant and useful content to you for a better art investing journey. Please subscrie to our newsletter if you find the article useful. Do not hesitate to reach us if you have any questions: gallery@5-art.com