Art dealing can be a tricky business. Insiders share the ins and outs of their 'unusual' world

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Art dealers said the business can be risky and buying art can be motivated by emotions.

Younger dealers CNBC spoke to had portfolio careers, working in interior design or being artists themselves.

Dealing in art is a trade Lambert described as "unusual," because art is often a purchase driven by emotion rather than need. "You don't need it. You don't have to have it. People want it, they aspire to it. From that regard, I suppose it's unusual. And I think most most people that buy art are investing in something for themselves ... they want to look at it and enjoy it every day," Lambert said.

The Decorative Fair held in Battersea Park, London, on January 26, 2023. The event, where dealers exhibit, is held three times a year and has been running since 1985.Less experienced dealers may feel they need to wait years to be ready to display their pieces for sale at the fair, she said, but Relic was invited to share a stand with an established exhibitor.

 

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