How to Exploit Dirty Art – artmarketblog.com
In modern society everyone seems to be determined to fit in as much into their day as possible and most people seem to be under the impression that with every single event in their lives, no matter how small, “time is of the essence”. Because of the hectic lives most people lead these days there has been a drop in the demand and value of artistic objects that require some sort of ongoing maintenance such as brass and silver. No longer is it considered worth while to get out the silver table ware on a Sunday afternoon and have a good old family polishing session. The change in lifestyle has also affected the desirability of silver with the use of silver ware declining due to the huge reduction in the number of people who entertain on a regular basis or are not entertaining the sort of crowd who would appreciate being served from a silver teapot.
There is also a tendency for people fail to properly care for their artworks for the same reason that they neglect their silver or brass ware. If you have ever been to an art auction you would most likely have seen an array of paintings covered in layers of dust and who knows what else being put under the hammer. Savvy collectors and dealers will buy these paintings, clean them up, and then sell them on for an easy profit that is basically the result of people’s lack of free time.
Just because people aren’t interested in silver at the current time doesn’t mean that they won’t be interested in silver in 5 or 10 years time so you might like to take advantage of the low prices being asked for antique silver many of which will be no more than the value of the metal its self. The same philosophy goes for paintings in need of cleaning or repair, just make sure that the cost of cleaning or repair will not be greater than the profit you are likely to make.
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.