is being able to know when the best time to sell is which may mean utilising the services of an advisor or consultant. It is also extremely important to know how much you need to sell your art investment for to cover the selling costs, and to make a percentage profit that you are happy with. Because of the nature of the art market it is important not only expect to have to hold your art investment for a long period of time, but also to expect to have to sell your investment at any time if the opportunity comes along to make a considerable profit. A particular event or occurrence could potentially have an extremely positive effect on the value of your art investment which would be too good to ignore, but could also eventuate at any time with short notice. Therefore, I cannot stress enough how important it is to know how much you need to sell your art investment for to cover the selling costs, and to make a percentage profit that you are happy with, so that if an opportunity comes up to sell your investment you are able to make an informed and quick decision. In short, be prepared to hold your art investment for a long period of time, and also be prepared to sell at any time.
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications