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.
For most, an artistic advisor is unnecessary. Individuals who buy works they like and hang them for purposes of decoration, don't need a professional to tell them which pieces are better than others and why. Casual buyers are more interested in the way textiles, pottery, and paintings look in their homes than whether or not they will one day to worth a lot of money.
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.
An artistic advisor has to understand what is influencing the art world and the market. They analyze auction sales, and have an intimate knowledge of what really goes on behind the art world's facade. One of the first conversations an advisor has to have with a client is how much of an annual investment the client is willing to make in artwork. That is a vital piece of information that allows the advisor to recommend the best quality within the prescribed budget.
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.
New collectors may think every piece of art the gallery has is displayed publicly. This is seldom true. Most gallery owners will call their best clients when they obtain important works in which those clients have expressed an interest. They have an unspoken first right of refusal. Advisors establish working relationships with gallery owners to give their clients the same privileges.
For serious, investment minded collectors, artwork is much more than just something to hang on the wall and watch increase in value. There are equally serious tax, legal, and occasionally global implications that can be complicated and expensive. An artistic advisor can step in to work with accountants, attorneys and bankers.
People collect for different reasons. For ordinary people who love art, finding a nice piece unexpectedly, and having the opportunity to purchase it, is a great experience. For an investor, finding an important work and having an advisor suggest it is undervalued is an equally great experience.
For most, an artistic advisor is unnecessary. Individuals who buy works they like and hang them for purposes of decoration, don't need a professional to tell them which pieces are better than others and why. Casual buyers are more interested in the way textiles, pottery, and paintings look in their homes than whether or not they will one day to worth a lot of money.
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.
An artistic advisor has to understand what is influencing the art world and the market. They analyze auction sales, and have an intimate knowledge of what really goes on behind the art world's facade. One of the first conversations an advisor has to have with a client is how much of an annual investment the client is willing to make in artwork. That is a vital piece of information that allows the advisor to recommend the best quality within the prescribed budget.
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.
New collectors may think every piece of art the gallery has is displayed publicly. This is seldom true. Most gallery owners will call their best clients when they obtain important works in which those clients have expressed an interest. They have an unspoken first right of refusal. Advisors establish working relationships with gallery owners to give their clients the same privileges.
For serious, investment minded collectors, artwork is much more than just something to hang on the wall and watch increase in value. There are equally serious tax, legal, and occasionally global implications that can be complicated and expensive. An artistic advisor can step in to work with accountants, attorneys and bankers.
People collect for different reasons. For ordinary people who love art, finding a nice piece unexpectedly, and having the opportunity to purchase it, is a great experience. For an investor, finding an important work and having an advisor suggest it is undervalued is an equally great experience.
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