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 many collectors an artistic advisor is more than they require. On their own, they can browse galleries and decorate their homes with paintings, pottery, and textiles that please them and enhance their decor. If you have decided to invest in artwork, in a business sense, then finding an expert assistant who has the knowledge to suggest which pieces will give you the best return is an important decision.
Serious investors, on the other hand, usually need an experienced professional with an extensive background in academic studies that include history, artists, genres, and styles. These are the people who know which young artists are most likely to become important in the creative world. They are experts who can introduce clients to the artistic world's most influential people. An advisor will bid for a client at an auction and negotiate with galleries.
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.
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.
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.
For art lovers, at all levels, discovering a painting or piece of pottery that they love, and can afford, is a great pleasure. Serious investors look at artwork differently. With the help of a talented advisor, their purchase decisions include the prospect of increased wealth.
For many collectors an artistic advisor is more than they require. On their own, they can browse galleries and decorate their homes with paintings, pottery, and textiles that please them and enhance their decor. If you have decided to invest in artwork, in a business sense, then finding an expert assistant who has the knowledge to suggest which pieces will give you the best return is an important decision.
Serious investors, on the other hand, usually need an experienced professional with an extensive background in academic studies that include history, artists, genres, and styles. These are the people who know which young artists are most likely to become important in the creative world. They are experts who can introduce clients to the artistic world's most influential people. An advisor will bid for a client at an auction and negotiate with galleries.
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.
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.
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.
For art lovers, at all levels, discovering a painting or piece of pottery that they love, and can afford, is a great pleasure. Serious investors look at artwork differently. With the help of a talented advisor, their purchase decisions include the prospect of increased wealth.
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