How does one go about acquiring one of these works of art? There are some classic, fundamental rules that have stood the test of time:
- Pay minimum prices for maximum quality.
- Acquire works in the top 20% of the artist’s output whenever possible. Critics, scholars, museum curators, high-level dealers and very knowledgeable collectors provide insight and direction that can be tapped into for guidance.
- Acquire these top works prior to price appreciation that is caused by increased worldwide demand. There will never be more Picassos produced, so when demand increases, available supply decreases and subsequently prices must increase. The simple rule of supply and demand.
- Buy from reputable sources. There are far too many people who sell reproductions and damaged merchandise. Top dealers are top dealers because they do all the research and due diligence on behalf of their clientele.With the ever-growing fascination with Picasso, the question today is how many of his prints will still be available in 10 or 20 years from now. Just imagine the thrill of owning a work produced by the hand of Picasso himself. It doesn’t only have to only be a dream!
Richard P. van Pelt, Ph.D. • February 17, 2020