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Book Review: The Art Hunters Handbook: How To Buy Art For $5.00 And Sell It For One Million Dollars by Les and Sue Fox

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The Art Hunters Handbook: How To Buy Art For $5.00 And Sell It For One Million Dollars by Les and Sue Fox is a treasure loaded with the secrets of how to locate fine art cheaply. The information contained in this book is valuable because the art of collecting is fraught with acquisitions later discovered to be copies by expert appraisers.

Most people know about Goodwill Industries, the Salvation Army and neighborhood flea markets. There are other secondary markets like estate sales,  foreclosures, starving artist sales and a host of places generally unbeknownst to the public at large, which the authors set out.

More, a beauty of this book is that the methodology for identifying a valuable original painting is described in some level of detail. Generally, an oil painting has a texture that can be felt. There is a raised appearance with visible brushstrokes.

A stretcher is the inner frame which holds the painted canvas in place. A painting shows its age unless it has been cleaned professionally. Wood darkens to yellow or brown. Spots and stains appear on the back of the canvas. The paint dries and cracks. Paper labels, metal plates, gallery descriptions and serial numbers are all signs of reproductions.

Numerous stories of fine art purchased for pennies on the dollar are told in the book. For instance, Mr. Leiter visited a Los Angeles garage sale and purchased a painting wrapped in a blanket for five dollars. The painting turned out to be “Ripening Pairs” by Decker. It was sold to the National Gallery of Art for $1 million.

The Foxes provide artist profiles from the Hudson River School to Impressionism, Cubism, Modernism and Abstract Art. Examples of the popular artists portrayed in this book include Josef Albers, Thomas Hart Benton, Albert Bierstadt, Franz Bischoff, Charles Schulz, Andrea Derain, Robert Henri, George Loftus Noyes, Joseph Raphael, Rufino Tamayo and Margarite Zorach.

The Art Hunters Handbook: How To Buy Art For $5.00 And Sell It For One Million Dollars by Les and Sue Fox is an important acquisition for collectors, educators, estate administrators and art enthusiasts everywhere.

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About Dr Joseph S Maresca

I've taught approx. 34 sections of collegiate courses including computer applications, college algebra, collegiate statistics, law, accounting, finance and economics. The experience includes service as a Board Director on the CPA Journal and Editor of the CPA Candidates Inc. Newsletter. In college, I worked as a statistics lab assistant. Manhattan College awarded a BS in an allied area of operations research. The program included courses in calculus, ordinary differential equations, probability, statistical inference, linear algebra , the more advanced operations research, price analysis and econometrics. Membership in the Delta Mu Delta National Honor Society was granted together with the degree. My experience includes both private account and industry. In addition, I've worked extensively in the Examinations Division of the AICPA from time to time. Recently, I passed the Engineering in Training Exam which consisted of 9 hours of examination in chemistry, physics, calculus, differential equations, linear algebra, probability/ statistics, fluids, electronics, materials science/structure of matter, mechanics, statics, thermodynamics, computer science, dynamics and a host of minor subject areas like engineering economics. A very small percentage of engineers actually take and pass the EIT exam. The number has hovered at circa 5%. Several decades ago, I passed the CPA examination and obtained another license in Computer Information Systems Auditing. A CISA must have knowledge in the areas of data center review, systems applications, the operating system of the computer, disaster recovery, contingency planning, developmental systems, the standards which govern facility reviews and a host of other areas. An MBA in Accounting with an Advanced Professional Certificate in Computer Applications/ Information Systems , an Advanced Professional Certificate in Finance and an Advanced Professional Certificate in Organizational Design were earned at New York University-Graduate School of Business (Stern ). In December of 2005, an earned PhD in Accounting was granted by the Ross College. The program entrance requires a previous Masters Degree for admittance together with a host of other criteria. The REGISTRAR of Ross College contact is: Tel . US 202-318-4454 FAX [records for Dr. Joseph S. Maresca Box 646 Bronxville NY 10708-3602] The clinical experience included the teaching of approximately 34 sections of college accounting, economics, statistics, college algebra, law, thesis project coursework and the professional grading of approx. 50,000 CPA examination essays with the American Institute of Certified Public Accountants. Additionally, membership is held in the Sigma Beta Delta International Honor Society chartered in 1994. Significant writings include over 10 copyrights in the name of the author (Joseph S. Maresca) and a patent in the earthquake sciences.