Reliable art advising (III)
A four point guide for buying Cuban visual arts
To achieve 100 % valuable Cuban art investments, we advise to reach out to the proper instances. With the title "Reliable arts advising" comes the third part of our series "A four point guide for buying Cuban visual arts".
In Cuba art consulting services (legal, financial, authentication, etc.), are dispersed and disconnected, which deprives collectors of a comprehensive and standardized management system to support the needs related to the commercialization of Cuban visual arts. In the international playground it is the opposite as there are incredible art dealers, art advisors and professionals who work diligently defending the best commercializing practices. This opposition, however, is surpassed by the need for collectors to receive the best advice, and the reality is that, as expected, Cuba is the natural terrain to turn to.
<<This series does not lay out a step by step manual for buying Cuban visual arts; the intention is to be narrative to collectors about the context in which a Cuban art acquisition takes place and some of the categories involved in the process.>>
Reliable art advising: be determined to measure and test the credibility of your consulting sources as a dependable experts in visual arts.
Although Cuban fine arts have been highly regarded internationally since the 1940s, the expected momentum has never been fully achieved in the international art bazaar. This incongruence, in unison to illogic internal commercializing practices and lack of propper regulation leaded by Cuban state institutions, led to the pavement of a very weak art trading apparatus inside the Island. This is still in some degree Cuba’s art market blueprint, and it defines an unfortunate scenery in which some unscrupulous individuals have stepped in to take advantage of the status quo in the art trading business domestically and also internationally.
- Ask for references.
* Supportive documentation about the credentials of the experts involved.
* Documentation reflecting the processes and metods employed for the substantiation of the art acquisition and the subsecuent tasks taking place through invoices, legal paperwork, bibliography, etc.
It is known and well reported that some alleged art dealers have taken part into recent circulations of notorious Avant-Garde Cuban forgeries not only damaging the market for the historic masters but also placing fraud schemes involving American prominent artists such as Jackson Pollock with the notorious Cuban Pollock painting, a vulgar falsification with ties to some Cuban self-proclaimed art dealers.
Thanks to platforms like LinkedIn and other social media, you can draw clues about the suitability of who is handling the fine art consultation and purchase. Internet is an incredible tool but keep in mind that in cases of nonliving Cuban masters and avant-garde artists, the exhaustiveness of the process is very important.
Today with the right guidance, collectors can be directed to support their inquiries with immaculate art appraisals as never before in the Cuban art bazaar. Cuba Fine Art Box concedes vastly relevance to the obligation to examine and look across your advising sources and contrast them to the extent that your investment deserves. In the case of an unfashionable impression in this regard, admit yourself to question the advising source.
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