What are the common pitfalls in buying art?

It is crucial to follow the process of due diligence at all times when building a museum-quality art collection. One of the common dangers in buying a work is not seeing it in person. Another potential problem comes from not verifying the information provided on the work, such as dates, provenance, condition and, of course, value. Often people will overpay for a work. And, in the worst-case scenario, you could end up with a fake work of art and have to spend time and resources going to court.