Whether art collecting is your pleasure or investment, you should first research any artwork you consider buying and understand its condition before you decide if you are ready to purchase it. At Lowy, our experts have spent their careers addressing the authenticity and the state of preservation of artworks of all periods, from Old Masters to Contemporary. Here are five questions our team recommends you ask before buying a piece of art:
2. How much of the piece has been restored?
It has been estimated that about 20 percent of what you see in a museum reflects the work of fine art conservators rather than of the artist’s hands. This makes sense for objects that are hundreds or thousands of years old, but a large amount of restoration is unacceptable for any art purchase unless all the conservation has been fully disclosed and the object’s price reflects this condition.
3. Is the work a marriage?
This is a major concern for period furniture, classic cars, silver, and objects of vertu. It is not unusual for these objects, which were in daily use, to have replacement parts substituting original ones, but these replacement parts should be disclosed and, again, the price should reflect the changes from the original condition.
4. Does the work have inherent vice?
Inherent vice refers to the presence of physical elements that were never meant to have sustained, long-term use and function. Consider, for instance, a collage incorporating newspaper or masking tape; a Naum Gabo sculpture made from cellulose acetate; or a mid-century design chair filled with polyurethane foam—all materials that will change in appearance and/or will not survive into the future. Understanding the question of inherent vice is critical to purchases of contemporary art, which has risk built into its DNA.
5. Is the work actively degrading?
It is well known that textile dyes are susceptible to damage due to light, but only recently has the art market field begun realizing that the pigments used by the Impressionists, Post-Impressionists, and the Early Modernists—including Vincent van Gogh, Henri Matisse, Claude Monet, and Pablo Picasso—are extremely light sensitive. If you consider purchasing an artwork dating from any of these periods (roughly 1880s to 1920s), then it is critical to examine the state of preservation of the pigments and to understand the parameters that will be required to display the piece properly so as to minimize further light damage over time.
By keeping these questions in mind, art collectors can get carried away with their emotions in the best possible sense: fall in love with artworks and know that these treasures will sustain the passion they have found in art collecting for years to come.
Have other questions or concerns? Contact us for a house call or evaluation in New York and surrounding areas. Or explore Lowy’s antique frames catalog ranging from 17th century through to 20th century.