Industry Tips
Art/Collectible Investments
Are you considering a major investment in art or collectible items? If so, the BBB suggests that you approach these opportunities with care, and make sure that you know exactly what you are buying before you sign any contracts or invest your money.
The BBB suggests that you check the seller's business and customer references, carefully investigate any claims made by
the seller on the potential returns on the investment, and obtain a second opinion from an impartial appraiser on the value of any proposed purchases.
Make sure all oral promises are put into writing, and that the sellers return or refund policies are spelled out in the agreement to purchase. A legitimate dealer should not have any hesitation in doing so. Also make sure that a complete description of the item you are purchasing is described in detail in the agreement before you sign it.
Remember that many artworks and collectible items fluctuate dramatically in value under different circumstances. Do your research before you invest for optimum results.