What is an Acquisition? - Art Terms
An acquisition is a strategic process of purchasing an artwork for a collection, involving careful consideration of provenance, market value, artistic significance, and collection goals.
This critical art market transaction can be undertaken by individual collectors, museums, corporate collections, or galleries seeking to expand their holdings. Successful acquisitions require extensive research, understanding of the artist's market position, artwork condition, and potential future value appreciation.
The process often involves negotiation, expert consultation, and alignment with broader collection development strategies.