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Galerie ConcordeTerrible experience

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Bought 3 pieces over a period of time, always having to move up in price with the promise of 18% or more within 6 months. At last I told the broker when he sent me a check for the trade in amount I would buy the nest piece. Have been trying to seel them for at least 3 yeas always being told the Nieman piece is in 2nd position, the Michel deleque piece in 4th and the Hibel in 5th. With the excuse there is 'too many pieces on the market' That is understandable so why are they continuing their efforts to put more out there.

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  • Mo
    Morgan Apr 15, 2009

    Bought 3 pieces over a period of time, always having to move up in price with the promise of 18% or more within 6 months. At last I told the broker when he sent me a check for the trade in amount I would buy the nest piece. Have been trying to seel them for at least 3 yeas always being told the Nieman piece is in 2nd position, the Michel deleque piece in 4th and the Hibel in 5th. With the excuse there is 'too many pieces on the market' That is understandable so why are they continuing their efforts to put more out there.

    0 Votes
  • Sadly, they are trying to "put more pieces out there" not for the good of art investment, but for their own pockets.

    Galerie Concorde, among about a half-dozen similar "galleries" in Montreal are nothing more than an art "retailer's retailer". They will sell you a piece for at least 200% (often more) than what it's real value is under the guise that you're getting it for pennies on the dollar.

    Their "gallery" is a locked-door facility, with "viewings on an invitation-only basis" - what that means is that they don't want the general public to see what is in reality a boiler-room facility who's goal is to sell as much art at super-inflated prices as possible.

    I would know - about 10 years ago when I first moved to Montreal I had the <ahem> pleasure of working for one of Concorde's competitors. That job lasted me 3 days - first 2 days were "training" in the investment pitch (which at the time seemed credible), and the third finding out what the real deal was with the pieces, and subsequent up-sells. The "certificates of authenticity" weren't worth the paper they are printed on, and are best used as bathroom tissue quite frankly. It literally made me physically ill.

    Best advice for anyone reading this (and hopefully it's read before "investing" in art sold over a phone) - buy your pieces at a reputable gallery or auction house.

    0 Votes
  • Ne
    Nettyestes Feb 04, 2013
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    a verified customer
    Verified customer

    So those of you that purchased art from this place, what have you done with it? Is ther a way to sell them? I have three that I would love to get rid of.

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