Michelle Leder
03/01/2007
Experts advise collectors to follow these steps to reduce their chances of purchasing a forged or stolen piece of art:
• Examine a piece closely during the preview process. Avoid bidding on items unless you have previewed them.
• Before buying a painting, make certain it is listed in the artist’s catalogue raisonné, a complete chronicle of an artist’s known works. Prints are typically listed in a separate catalog. "If you are unable to do your own homework, hire someone," AXA Insurance’s Vivian Ebersman advises.
• Check a reseller’s return policy to make certain it covers problematic artwork, and know the statute of limitations. Most reputable dealers and auction houses offer such policies.
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