The Law (in Plain English) for Collectors: A Guide for Lovers of Art and Antiques
By Leonard D. DuBoff and Sarah J. Tugman
()
About this ebook
In The Law (in Plain English)® for Collectors, Leonard DuBoff and Sarah Tugman provide helpful advice on all things legal when it comes to art, antiques, and other collectibles. Whether readers are into coins or Queen Anne furniture, paintings or vintage books, this guide contains useful and practical information readers need to know to protect and enjoy their collections. Among other important concerns, readers will learn how to:
- Navigate purchases and customs
- Select insurance plans
- Properly file taxes
- Loan out pieces to galleries, museums, and shows
- Bestow work to future generations
Read more from Leonard D. Du Boff
The Law (in Plain English) for Small Business (Sixth Edition) Rating: 0 out of 5 stars0 ratings
Related to The Law (in Plain English) for Collectors
Titles in the series (12)
The Law (in Plain English) for Collectors: A Guide for Lovers of Art and Antiques Rating: 0 out of 5 stars0 ratingsThe Law (in Plain English) for Publishers Rating: 0 out of 5 stars0 ratingsThe Law (in Plain English) for Writers (Fifth Edition) Rating: 0 out of 5 stars0 ratingsThe Law (in Plain English) for Galleries Rating: 3 out of 5 stars3/5The Law (in Plain English) for Photographers Rating: 0 out of 5 stars0 ratingsThe Law (in Plain English) for Nonprofit Organizations Rating: 0 out of 5 stars0 ratingsThe Law (in Plain English) for Small Business (Fifth Edition) Rating: 0 out of 5 stars0 ratingsThe Law (in Plain English) for Galleries: A Guide for Selling Arts and Crafts Rating: 0 out of 5 stars0 ratingsEstate Planning (in Plain English) Rating: 0 out of 5 stars0 ratingsThe Law (in Plain English) for Photographers Rating: 0 out of 5 stars0 ratingsEmployment Law (in Plain English) Rating: 0 out of 5 stars0 ratingsThe Law (in Plain English) for Restaurants: A Guide for the Food and Beverage Industry Rating: 0 out of 5 stars0 ratings
Related ebooks
The Law (in Plain English) for Galleries: A Guide for Selling Arts and Crafts Rating: 0 out of 5 stars0 ratingsVisual Arts and the Law: A Handbook for Professionals Rating: 0 out of 5 stars0 ratingsTracing Your Legal Ancestors: A Guide for Family Historians Rating: 0 out of 5 stars0 ratingsThe Artist-Gallery Partnership: A Practical Guide to Consigning Art Rating: 0 out of 5 stars0 ratingsCollecting and Care of Fine Art: An Introduction to Purchasing, Investing, Evaluating, Restoring, and More Rating: 0 out of 5 stars0 ratingsCollect Value Divest Rating: 0 out of 5 stars0 ratings101 Extraordinary Investments: Curious, Unusual and Bizarre Ways to Make Money: A handbook for the adventurous collector Rating: 0 out of 5 stars0 ratingsMake Money Collecting Books, Get Free Celebrity Autographs and more! Rating: 5 out of 5 stars5/5Money of South America: MONEY OF THE WORLD, #1 Rating: 0 out of 5 stars0 ratingsNumismatic Archaeology/Archaeological Numismatics Rating: 5 out of 5 stars5/5Price Guide for Collectible Playing Cards: Volume Ii: Standard Souvenir Rating: 0 out of 5 stars0 ratingsFrom One Auction Buyer and Reseller To Another Rating: 0 out of 5 stars0 ratingsConfederate Money Values Rating: 0 out of 5 stars0 ratingsCome Collect with Me: Musings on Collecting and American Antiques Rating: 0 out of 5 stars0 ratingsThe Law (in Plain English) for Galleries Rating: 3 out of 5 stars3/5Consignment Gold Rush: The Ultimate Startup Guide Rating: 0 out of 5 stars0 ratingsAntiques for Everyone - A Beginner's Guide to Becoming an Antiques Dealer Rating: 0 out of 5 stars0 ratingsDigging for Treasure: A Guide to Finding Valuable Victorian Rubbish Dumps Rating: 0 out of 5 stars0 ratingsCollecting Chinese Mud Men: Information and Illustrations Rating: 0 out of 5 stars0 ratingsCollecting Old Glass, English and Irish Rating: 0 out of 5 stars0 ratingsReal or Fake: Studies in Authentication Rating: 4 out of 5 stars4/5The Adhesive Postage Stamp Rating: 0 out of 5 stars0 ratingsCigarette Cards and How to Collect Them Rating: 0 out of 5 stars0 ratingsPrice Guide for Collectible Playing Cards: Volume Iii: Non-Standard Rating: 0 out of 5 stars0 ratingsMade for Trade: A New View of Icenian Coinage Rating: 5 out of 5 stars5/5Look for the Silver Lining : Adventures in the Antique Silver Market...April - November, 2016 Rating: 0 out of 5 stars0 ratingsCollected Books: The Guide to Identification and Values: Fourth Edition Rating: 3 out of 5 stars3/5Investing in Collectables: An Investor's Guide to Turning Your Passion Into a Portfolio Rating: 0 out of 5 stars0 ratingsCoins of England and the United Kingdom (2022): Decimal Issues Rating: 0 out of 5 stars0 ratings
Law For You
Legal Words You Should Know: Over 1,000 Essential Terms to Understand Contracts, Wills, and the Legal System Rating: 4 out of 5 stars4/5Verbal Judo, Second Edition: The Gentle Art of Persuasion Rating: 4 out of 5 stars4/5No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State Rating: 4 out of 5 stars4/5Trans: When Ideology Meets Reality Rating: 3 out of 5 stars3/5The Everything Guide To Being A Paralegal: Winning Secrets to a Successful Career! Rating: 5 out of 5 stars5/5Devil in the Grove: Thurgood Marshall, the Groveland Boys, and the Dawn of a New America Rating: 4 out of 5 stars4/5The ZERO Percent: Secrets of the United States, the Power of Trust, Nationality, Banking and ZERO TAXES! Rating: 5 out of 5 stars5/5Law For Dummies Rating: 4 out of 5 stars4/5Legal Writing in Plain English: A Text with Exercises Rating: 3 out of 5 stars3/5Win Your Case: How to Present, Persuade, and Prevail--Every Place, Every Time Rating: 5 out of 5 stars5/5Wills and Trusts Kit For Dummies Rating: 5 out of 5 stars5/5The Pro Se Litigant's Civil Litigation Handbook: How to Represent Yourself in a Civil Lawsuit Rating: 5 out of 5 stars5/5The Paralegal's Handbook: A Complete Reference for All Your Daily Tasks Rating: 4 out of 5 stars4/58 Living Trust Forms: Legal Self-Help Guide Rating: 5 out of 5 stars5/5Estate & Trust Administration For Dummies Rating: 0 out of 5 stars0 ratingsThe Socratic Method: A Practitioner's Handbook Rating: 4 out of 5 stars4/5The Law Rating: 4 out of 5 stars4/5The LLC and Corporation Start-Up Guide: Your Complete Guide to Launching the Right Business Rating: 5 out of 5 stars5/5The Everything Executor and Trustee Book: A Step-by-Step Guide to Estate and Trust Administration Rating: 3 out of 5 stars3/5How to Think Like a Lawyer--and Why: A Common-Sense Guide to Everyday Dilemmas Rating: 3 out of 5 stars3/5Win In Court Every Time Rating: 5 out of 5 stars5/5Know Your Rights: A Survival Guide for Non-Lawyers Rating: 0 out of 5 stars0 ratingsDeath in Mud Lick: A Coal Country Fight against the Drug Companies That Delivered the Opioid Epidemic Rating: 4 out of 5 stars4/5Patents, Copyrights and Trademarks For Dummies Rating: 4 out of 5 stars4/5Executor's Guide, The: Settling a Loved One's Estate or Trust Rating: 0 out of 5 stars0 ratingsDrafting Affidavits and Statements Rating: 4 out of 5 stars4/5The Mueller Report: Final Special Counsel Report of President Donald Trump and Russia Collusion Rating: 4 out of 5 stars4/5
Reviews for The Law (in Plain English) for Collectors
0 ratings0 reviews
Book preview
The Law (in Plain English) for Collectors - Leonard D. DuBoff
Praise for The Law (in Plain English)® for Collectors
"Savvy art collectors who want to protect themselves and their investments would be wise to read The Law (in Plain English)® for Collectors. The book provides valuable guidance that collectors of all levels can rely on."
—Dale Chihuly, artist
To keep your collecting fun and protect yourself when purchasing or selling, you need the invaluable legal information contained in this book.
—Stanley Wanlass, president, Renaissance International, Inc.
"As one of the largest collectors of post-WWII prints and multiples of American artists, I have found The Law (in Plain English)® for Collectors to be immensely helpful. Anyone interested in collecting and anyone who has a collection of art or anything collectible should know the legal rules about their collections."
—Jordan Schnitzer
Half Title of Law (in Plain English) for CollectorsTitle Page of Law (in Plain English) for CollectorsCopyright © 2018 by Leonard D. DuBoff and Sarah J. Tugman
All rights reserved. Copyright under Berne Copyright Convention, Universal Copyright Convention, and Pan American Copyright Convention. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means, electronic, mechanical, photocopying, recording or otherwise, without the express written consent of the publisher, except in the case of brief excerpts in critical reviews or articles. All inquiries should be addressed to Allworth Press, 307 West 36th Street, 11th Floor, New York, NY 10018.
Allworth Press books may be purchased in bulk at special discounts for sales promotion, corporate gifts, fund-raising, or educational purposes. Special editions can also be created to specifications. For details, contact the Special Sales Department, Allworth Press, 307 West 36th Street, 11th Floor, New York, NY 10018 or info@skyhorsepublishing.com.
22 21 20 19 18 5 4 3 2 1
Published by Allworth Press, an imprint of Skyhorse Publishing, Inc. 307 West 36th Street, 11th Floor, New York, NY 10018. Allworth Press® is a registered trademark of Skyhorse Publishing, Inc.®, a Delaware corporation.
www.allworth.com
Cover design by Mary Belibasakis
Library of Congress Cataloging-in-Publication Data
Names: DuBoff, Leonard D. | Tugman, Sarah J.
Title: The law (in plain English) for collectors: a guide for lovers of art and antiques / Leonard D. DuBoff and Sarah J. Tugman, Attorneys-at-Law.
Description: New York, New York: Allworth Press, an imprint of Skyhorse Publishing, Inc., 2018. | Includes index.
Identifiers: LCCN 2018017975 (print) | LCCN 2018019820 (ebook) | ISBN 9781621536703 (eBook) | ISBN 9781621536680 (pbk.: alk. paper)
Subjects: LCSH: Law and art—United States. | Antiques business—Law and legislation—United States. | Collectors and collecting—Legal status, laws, etc.—United States.
Classification: LCC KF390.A7 (ebook) | LCC KF390.A7 D83 2018 (print) | DDC 344.73/097—dc23
LC record available at https://lccn.loc.gov/2018017975
Print ISBN: 978-1-62153-668-0
eBook ISBN: 978-1-62153-670-3
Printed in the United States of America
Note: The Law (in Plain English)® for Collectors is a revised and updated edition of The Antique and Art Collector’s Legal Guide.
Dedication
To my mother, Millicent, for teaching me to love beautiful things; to my wife, Mary Ann, for sharing that love with me; and to my grandson Brian, who will hopefully carry on our tradition.
—Leonard D. DuBoff
To my husband, Greg—without any doubt the love of my life; my father (a lawyer), who instilled a sense of justice in me from my earliest years; my mother, who always set a good example with respect to the English language; both my brothers Bill, and my son Bill.
—Sarah J. Tugman
Table of Contents
Preface
Acknowledgments
Introduction
PART I—ACQUISITION AND PROTECTION
Chapter 1: Getting Started
Researching
Locating
Helpful Precautions
Chapter 2: Purchasing and Reselling Your Collectibles
Dealers
Purchases from Artists and Craftspeople
Auctions
Auction Basics
Auction Tactics
General Restrictions
Chapter 3: Due Diligence on Purchase and/or Sale
Stolen Goods
Warranties
Chapter 4: Authenticating the Work
Forgeries
Protections
Expert Evaluation
Multiples Legislation
Certification Marks
Conclusion
Chapter 5: Inventory and Insurance
Inventory
Insurance
Chapter 6: Protection from Theft
Anonymity
Alarm Systems
Exterior Considerations
Identifying Your Property
Victim of Burglary
Chapter 7: Investments
Collectors
Investment Potential
Investment Considerations and Sources of Information
Financing Investments
Chapter 8: Conservation and Restoration
Suggested Methods of Display
Signs of Deterioration
Professional Conservators
Conservation and Restoration Techniques
PART II—SPECIFIC LEGAL ISSUES
Chapter 9: Copyright
Copyright Act of 1976 as Amended
Copyright Protection
Registration
Copyright Notice
Copyright Owner
Work for Hire
Transferring Copyright
Duration of Copyright
Public Domain
Copyright Infringement and Remedies
Fair Use
Conclusion
Chapter 10: When Rights Collide
Moral Rights
General Concepts of Artists’ Rights
Resale Royalties
Chapter 11: Tax Considerations
Income Tax
Capital Gains
Deductions
Losses
Charitable Contributions
Gift and Estate Considerations
Chapter 12: Import and Export
Customs Duties
Duty-Free Entry for Art
Functional Works, Such As Crafts, Toys, and Other Collectibles
Exemptions from Duty for Antiquities and Certain Collectors’ Items
Effect of Free Trade Agreements
Export Restrictions
Import Restrictions
Endangered and Other Protected Species
Chapter 13: When Your Artwork Is Held by Others
Bailment
Bailments for Mutual Benefit
Lending
Chapter 14: The Collector’s Estate
The Will
Intestate Distributions
Distributions to a Spouse Left Out of the Will
Distributing Property Outside the Will
Estate Taxes
Professional Estate Planning
Chapter 15: Finding a Lawyer and an Accountant
Finding a Lawyer
Evaluating a Lawyer
Using a Lawyer
Finding an Accountant
Appendix A: List of Organizations
Appendix B: List of Publications
Appendix C: Selected Laws Governing Artists and Dealers
Appendix D: Other Resources
Glossary
About the Authors
Index
Preface
It seems that people have collected items since the dawn of time. The process appears to cut across cultural lines and geographic boundaries. Even primitive societies, such as the people who settled North America, displayed their wealth and stature by exhibiting the spoils of war. In The Odyssey, Homer has an extensive discussion of the trophies collected as symbols of victory. Few collectors today are as dramatic in their methods of acquiring items for their collections as the Homeric heroes, yet they are probably just as diligent.
This book began as the logical extension of a progression of writings for institutions and individuals involved in the world of art, antiques, and cultural property. In 1974, I was privileged to chair the first multinational conference devoted to Art Law. Participants included leading museum professionals, international scholars, creative people, scientists, and a host of participants in the world of art, antiques, and cultural property. The conference proceedings were published as a book entitled Art Law: Domestic and International, which, with the assistance of a National Endowment for the Arts grant, helped lay the foundation for the field of Art Law.
Through my teaching and lectures as a professor of law at Lewis and Clark Law School, I was able to develop additional material and The Deskbook of Art Law (first published in the mid-seventies, revised and updated numerous times currently published by Lexis-Nexis in three volumes, and cited by courts, the US Congress, state legislatures, and professionals), emerged. The Deskbook was intended to aid professionals such as judges, lawyers, legislators, museum professionals, and the like with the emerging field of Art Law. Later, I wrote The Art Business Encyclopedia and The Crafts Business Encyclopedia for the creative person.
When law schools in the United States began offering Art Law for students, I wrote Art Law in a Nutshell for them. This book was then translated into Chinese and it is currently being used in law schools throughout China. As Art Law became more popular, many law professors made it clear that they needed an actual text, and so I worked with professor Michael Murray, currently at University of Massachusetts School of Law, as well as professor Sherri Burr, of the University of New Mexico School of Law, and the three of us wrote Cases and Materials on Art Law.
When the gallery professionals I worked with requested specific information to assist them in their activities, I wrote The Law (in Plain English)® for Art and Crafts Galleries, which is currently being revised and updated. I also wrote The Law (in Plain English)® for Crafts, now in its fifth edition, as another book in that series.
I believed that all aspects of the field had been provided for but, to my chagrin, I learned that the collectors, perhaps the most active participants in the marketplace, had not been served. I, therefore, wrote the Antique and Art Collector’s Legal Guide, which was published in 2005. That book has now been revised, updated, and published as another book in the Plain English series entitled The Law (in Plain English)® for Collectors with the subtitle A Guide for Lovers of Art and Antiques. It is intended to provide you, the collector, with a clear understanding of many of the issues that are important in your collecting activities.
—Leonard D. DuBoff
Portland, Oregon, February 2018
Acknowledgments
The process of collecting material, digesting it, researching issues that arise, and determining which issues are most relevant to a potential reader, particularly in a field as broad as this, is extraordinary. I was, therefore, fortunate to have the help of many colleagues and friends while working on this book. It is impossible to identify all of the individuals who have contributed to this work, but there are some who deserve special mention.
I would, therefore, like to thank my coauthor, Sally Tugman, Esq., of counsel with the DuBoff Law Group, P.C., who has spent many off-duty hours running down information that appears in the pages that follow. Her knowledge, skill, and dedication are unsurpassed.
I would also like to thank Sara Cain for her skill in converting my scraps of paper, incomprehensible interlineations, and cryptic notes into a readable manuscript. Megan Randall has devoted many hours to assisting me with this project. I would also like to thank my brother, Michael DuBoff, for his recommendations and suggestions. Michael, an attorney with the law firm of Ballon Stoll Bader & Nadler P.C., is extremely knowledgeable about this field as well.
Greg O’Keefe, a CPA in Lincoln City, Oregon, Gregory Roer, a Seattle, Washington, CPA, and Darlene Johnson, a Washington CPA, have all been kind enough to review the tax issues discussed in this volume. As pointed out in this book, it is important to always obtain the best, and that is what I did when I requested input from them. They are brilliant accountants, and their help with the accounting material that appears in this volume is greatly appreciated.
I would like to thank Tad Crawford, principal with Allworth Press and Skyhorse Publishing, for agreeing to publish this book. Tad and I have worked together for many years, and I am honored to be numbered among the authors in his company’s stable of authors.
I would also like to thank my children, Collen Rose DuBoff, Robert Courtney DuBoff, and Sabrina Ashley DuBoff, my grandson, Brian Michael DuBoff-Lopez, and my granddaughter Athena Marivella DuBoff-Lopez for their understanding and cooperation. There were many days when I remained closeted in my study working on this volume instead of spending time with them.
Finally, I would like to express my sincerest appreciation to Mary Ann Crawford DuBoff, my partner in law and in life for the last fifty-one years. Mary Ann is also an active participant in the world of collecting. Through her buying service, Globe Galleries, she has firsthand knowledge of the needs and wants of collectors. She has provided me with more support, aid, assistance, and collegiality than any person has a right to expect. Her fingerprints and golden touch are evident in virtually every part of the volume. One could not ask for a better collaborator in life’s activities.
—Leonard D. DuBoff
Introduction
The material that appears throughout this book is applicable to all levels of collectors, as well as to all forms of art, antiquities, and other collectibles. Whether a collector is interested in acquiring an inexpensive collectible or a museum-quality masterpiece, the same rules and precautions apply.
The first section of this book is designed to provide an understanding of the fundamentals of being a collector and issues surrounding buying and owning art, antiques, and other collectibles. This book is meant to provide information helpful when purchasing, preserving, conserving, and selling your collection. Information on protecting your collection is included and specific advice is offered on the steps to be taken to secure your home as well as how to properly insure against any loss. Knowing what not to do is just as important as knowing what to do.
This book is also meant to point out legal issues to be aware of, to allow you to avoid problems before they occur. The second section of the book deals with specific legal issues. The saying that an ounce of prevention is worth a pound of cure is never more true than when dealing in art.
PART I
Acquisition and Protection
CHAPTER 1
Getting Started
While there are many considerations to being a collector, to take on that role you must begin collecting something. You may have already decided on what you like and want without even realizing it. Take a look at your home or office decor. Where do your tastes lie? Perhaps you have always liked a particular style or media, but have yet to make that first purchase. Either way, your first step is to research.
RESEARCHING
Read about the arts, crafts, antiques, or the categories of collectibles that you have decided on. Your local public library will have books on history, artists, craftspeople, studios, manufacturers, and the market, as well as dictionaries defining art terms. It will also contain books on all types of collectibles. Many museums also have libraries that are open to the public. (For museum lists, see appendix D.)
Read the arts section of your local newspaper, which will probably contain a calendar of events and reviews of local and regional exhibitions.
Arts, crafts, antiques, and collectibles magazines, available by subscription or at the library, are also useful resources. Most public libraries have a directory of magazines that will aid you in identifying the best magazine(s) for your interest area. If you have chosen a certain medium to collect, consider subscribing to specific magazines such as Metalsmith or Sculpture. (See appendix B for addresses, phone numbers and website addresses.)
The Web is also a great resource for researching collectibles. You should also surf the Web for similar information and perhaps buying opportunities. One of the best sites for determining the availability of all collectibles is eBay.
Museums, historical societies, libraries, auction houses, galleries, and associations have websites, which can be valuable research tools. Learning about your collectible is as easy as hooking up to the Internet. Many collectors participate in chat rooms and forums to discuss the availability, price, and characteristics of their collections.
Auction catalogs are another good resource. These catalogs provide information about available items, as well as current prices. Catalogs are generally supplemented by a post-sale sheet listing the price at which each item sold.
Television also offers learning opportunities. Public television and other stations devote programs to antiques and collectibles.
For example, PBS has developed a following for its popular Antiques Roadshow and its companion program, Antiques Roadshow UK, both of which provide viewers with information about antiques and collectibles. It also provides some viewers the opportunity to have their own items evaluated when the traveling show is in their locale or to view prior appraisals on the website: http://www.pbs.org/wgbh/roadshow/appraisals/.
There are also special programs about antiques and collectibles on cable television. Historical and other information with respect to a variety of collectibles can also be gleaned from watching Pawn Stars and American Pickers.
Aspiring creative people will probably not be discussed in national publications. Local gallery shows may be the only way for you to find out about these artists and craftspeople. In many cities, galleries coordinate openings to occur on the same evening, so that collectors can go gallery-hopping. You will not only see what is out there, but can also meet the creators and other collectors. Ask each gallery if it publishes a newsletter for its patrons and, if so, add your name to the mailing list. If you are interested in the work of a particular creative person, return to the gallery carrying that person’s work and request to see his or her portfolio. This will give you an idea of the range of work available.
These files often include press clippings about the person, as well. Ask for any available catalogs of the person’s work and be sure to find out whether he or she works in any other media. If paintings are out of your price range, you might consider purchasing drawings or prints by the same artist.
Visiting antique shops, malls, and secondhand stores can help you locate antiques and collectibles—often at fair prices. Frequent exposure to the vast array of available items will tend to refine your taste and make you a more discerning collector. It will also help you to establish a rapport with the staff, who may be willing to help you find specific items. In fact, many dealers will actually search for items that they feel will be of interest to their regular customers.
Most local museums and/or historical societies offer memberships that are well worth the cost. You will have access not only to the permanent collections and traveling exhibitions, but also to lectures, subscriptions, and institutional publications. Many museums and historical societies arrange tours for their members and other events that present opportunities to meet other collectors. Most museums and historical societies also sponsor special-interest affiliates such as, an Oriental study society or a Civil War arms study society. Try to visit museums and historical societies when traveling, as well.
LOCATING
Galleries and Shops
There are numerous galleries and shops to peruse and enjoy. Care should be taken, however, in investigating them before making a purchase. It is important to identify, as much as is possible, the reputation of each as well as the reputation of their owners. See the discussion below about how to identify a reputable establishment. Although the most obvious place to buy art is at a gallery or shop, many other possibilities exist.
Art and Craft Fairs and Expositions
You should consider attending art and craft expositions. These expositions are where many galleries pick up the works that they then offer for sale. Art expositions include Art New York, EXPO Chicago, several fairs and expositions in Los Angeles, and Fine Art Asia in Hong Kong. Many crafts expos have retail and wholesale days, some only have wholesale days.
Some larger craft fairs are: ACC (American Craft Council) Fairs and the American Made Show (formerly Buyer’s Market of American Crafts). An antiques and collectibles show in Portland, Oregon, is advertised as the nation’s largest antiques and collectibles show and is held yearly.
There are many collectors’ expos conducted throughout the country. These expositions are broad based, covering every type of collectible. You should check the appropriate section of your local newspaper and online for the dates and locations of these fairs and expositions.
Garage, Estate, and Rummage Sales
Antiques and art can be found in shops and antiques stores, but searching garage sales, estate sales, and rummage sales can be more exciting. Finding a heretofore undiscovered gem is both rewarding and fun.
Live Auctions
Auctions are another common place to buy art, antiques, and collectibles. Large auction houses, such as Sotheby’s and Christie’s (see appendix A), offer works in every category, from Old Masters to contemporary items—furniture, books, autographs, and virtually every form of collectible. Locally, check your telephone yellow pages or online for the names of auction galleries in your area. In addition, museums sometimes sell pieces from their collections through public auction. Try to meet local auctioneers known for handling impressive estate sales. It is well worth a