For most people collecting artwork means putting their kid's drawings up on the refrigerator or displaying family photos around their houses. A few individuals are serious collectors who put their money into fine artwork, because they have a passion for it, but also because they consider it an investment, much in the same way they would put money in the stock market. For these people the art advisors NYC experts recommend are critical.
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.
An artistic advisor is a person with advanced education in the subject including history, genres, and artists. The individual knows which up and coming artists are the most promising and introduces clients to the most influential experts in the market. They will negotiate with galleries for their clients and bid for them at auctions. For this service, an advisor will either accept a percentage of the purchase price or charge a monthly or annual fee.
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.
Just because an artist is well known doesn't mean every piece he or she produces is an automatic masterpiece. Sometimes inexperienced collectors are too quick to spend money on a work that will never produce the kind of dividends the client expects. It is the advisor's job to point this out and steer the person toward work that may not be as famous, but has more potential.
Some inexperienced collectors assume that galleries treat all their clients alike. In most cases, this could not be further from the truth. Gallery owners routinely contact their preferred clients to let them know when an important piece will be available. A good advisor will already have a good relationship with the owner and get the same confidential information.
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.
An artistic advisor is a person with advanced education in the subject including history, genres, and artists. The individual knows which up and coming artists are the most promising and introduces clients to the most influential experts in the market. They will negotiate with galleries for their clients and bid for them at auctions. For this service, an advisor will either accept a percentage of the purchase price or charge a monthly or annual fee.
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.
Just because an artist is well known doesn't mean every piece he or she produces is an automatic masterpiece. Sometimes inexperienced collectors are too quick to spend money on a work that will never produce the kind of dividends the client expects. It is the advisor's job to point this out and steer the person toward work that may not be as famous, but has more potential.
Some inexperienced collectors assume that galleries treat all their clients alike. In most cases, this could not be further from the truth. Gallery owners routinely contact their preferred clients to let them know when an important piece will be available. A good advisor will already have a good relationship with the owner and get the same confidential information.
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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