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How The Art Advisors NYC Collectors Retain Improve Their Investment Portfolio

By Andrew Taylor


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.

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.

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 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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