lundi 22 janvier 2018

The Art Advisors NYC Experts Recommend Help Collectors Improve Their Portfolios

By Andrew Taylor


Most people who love art enjoy collecting it in some form. Very few are in a position to purchase important work, but many get pieces from local galleries, antique and big box stores. Serious collectors in are another class. Most appreciate fine works, and have the money to buy them, but are also interested in artwork as investment material, purchasing only those pieces they believe will increase in value. These are the people who call on the art advisors NYC experts suggest.

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.

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 advisor is a vital source with vast knowledge when it comes to market influences, analyzing sales at auction, and how the market actually operates behind the scenes. One of the first things an advisor has to understand is the level of commitment a potential client is willing to bring to investment purchases. Once a budget is in place, the advisor can teach the individual to recognize the highest quality artistic possibilities within that 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.

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.

Serious collecting can have international, tax, and legal implications that require the services of experienced bankers, lawyers, and accountants. It is customary for important clients to leave these kinds of details to the professionals. An artistic advisor will work with the client's representatives to handle these 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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