In lots of ways investing in fine art is quite similar to investing in many alternative types of investments. Fine art purchases require good homework, fair understanding and a punctual outlook of the risk at hand. Many people invest in fine art as a short term investment while others invest more for the long run. It really relies on your individual scenario and your risk level.
Whether you choose to buy by yourself or decide to invest with the expertise of a broker depends entirely on your personal case. For some people a dealer may be the favorable way to go. For others it might be best to shop yourself. By investing on your own you will clearly avoid commissions and lots of the fees associated to fine art, but alternatively you might also avoid some premium fine art.
Before you go out and purchase any piece of art make sure that you have done the proper analysis. The last item you want to do is purchase some "new" painting only to learn that it is not as new as you originally thought it was. And yes, this happens much more often than you might think. We always need to be careful of others selling you fakes. Be sure to equip yourself with the correct team to make certain that your fine art is exactly what it is supposed to be. The last item you want to do is get taken by somebody looking to make an easy dollar.
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