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Assessment
What is a recommended strategy for art collecting during a recession?
Focus on emerging artists who may not be widely recognized yet.
Invest heavily in high-priced artworks only.
Avoid purchasing any art to save money.
Only buy art from established galleries.
How can collectors assess value during a recession?
By analyzing sales trends from previous economic downturns.
Ignoring past performance since it doesn't affect future prices.
Only relying on appraisals from a single source.
Focusing solely on the artist's fame.
What is a potential benefit of art collecting during economic downturns?
Art prices often drop, allowing collectors to acquire works at lower prices.
All artworks ensure a fast return on investment.
Art becomes less risky as a financial asset during recessions.
Collectors can avoid any market competition.
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