A lot of people like to collect artwork. The vast majority buy prints, and occasionally an original, they like from local galleries and big box stores. There are others who are serious collectors though. These are individuals who have the resources to spend considerable sums on works they believe will increase in value. These are the art lovers who call on art advisors NYC experts know will have the best suggestions for making wise investments.
Not everyone needs their own personal advisor when it comes to choosing art for personal use. If you are someone who loves to spend time in galleries and decorates your home according to your tastes, you probably have all the information you need to buy paintings, textiles, and pottery. For people who consider the pieces they buy primarily investments, hiring a professional to give advice and assistance can be critical.
If you are going to the expense of hiring this kind of professional, you need one with an advanced degree in the field and with a solid background in the history, artists, periods, and genres. This individual should know which new artists have the most potential. An advisor negotiates with galleries and bids at auctions on behalf of their clients. Traditionally, advisors are paid a percentage of the purchased artwork or put on a monthly or annual retainer.
In order to be effective agents for their clients, advisors must understand what influences the market, be adept at analyzing auction sales, and know how the artistic community operates privately. The first understanding an advisor and client must have is the client's budgetary commitment. Once the advisor has this information, it is possible to expose the client to the highest quality choices within those monetary constraints.
Even the most talented artists have periods when they struggle and produce work that is not up to expectations. An important part of an advisor's job is to educate a client's eye, so that person is more able to tell what makes one piece great and another merely acceptable. The same holds true when the client is interested in purchasing artwork from different periods or in different styles.
People who don't know better assume an exclusive gallery shows all of its pieces to the general public. What many don't understand is that valued and serious gallery clients are always contacted when the gallery comes in possession of a piece the owner believes will interest a client. A professional advisor can overcome some of this bias.
Collecting at this level involves more than purchasing artwork and waiting for it to increase in value. There are legal, tax, and sometimes international, implications to this kind of investing. An advisor can represent a client with their attorneys, accountants, and bankers to resolve complicated issues.
For those who love art, collecting can be a fascinating hobby. You can spend as much or as little as you want, and still enjoy it. For serious investors, art is also a business proposition that requires expert advice.
Not everyone needs their own personal advisor when it comes to choosing art for personal use. If you are someone who loves to spend time in galleries and decorates your home according to your tastes, you probably have all the information you need to buy paintings, textiles, and pottery. For people who consider the pieces they buy primarily investments, hiring a professional to give advice and assistance can be critical.
If you are going to the expense of hiring this kind of professional, you need one with an advanced degree in the field and with a solid background in the history, artists, periods, and genres. This individual should know which new artists have the most potential. An advisor negotiates with galleries and bids at auctions on behalf of their clients. Traditionally, advisors are paid a percentage of the purchased artwork or put on a monthly or annual retainer.
In order to be effective agents for their clients, advisors must understand what influences the market, be adept at analyzing auction sales, and know how the artistic community operates privately. The first understanding an advisor and client must have is the client's budgetary commitment. Once the advisor has this information, it is possible to expose the client to the highest quality choices within those monetary constraints.
Even the most talented artists have periods when they struggle and produce work that is not up to expectations. An important part of an advisor's job is to educate a client's eye, so that person is more able to tell what makes one piece great and another merely acceptable. The same holds true when the client is interested in purchasing artwork from different periods or in different styles.
People who don't know better assume an exclusive gallery shows all of its pieces to the general public. What many don't understand is that valued and serious gallery clients are always contacted when the gallery comes in possession of a piece the owner believes will interest a client. A professional advisor can overcome some of this bias.
Collecting at this level involves more than purchasing artwork and waiting for it to increase in value. There are legal, tax, and sometimes international, implications to this kind of investing. An advisor can represent a client with their attorneys, accountants, and bankers to resolve complicated issues.
For those who love art, collecting can be a fascinating hobby. You can spend as much or as little as you want, and still enjoy it. For serious investors, art is also a business proposition that requires expert advice.
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