How The Art Advisors NYC Collectors Retain Improve Their Investment Portfolio

By Andrew Taylor


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 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.

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.

Inexperienced clients sometimes hear the name of a famous artist and get excited about acquiring an available piece. A good advisor knows that not every piece of art an artist produces is a masterpiece. Some works are worth more than others, and it is an advisor's job to point this out to their clients.

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.

Collecting at this level involves more than purchasing artwork and waiting for it to increase in value. There are legal, tax, and sometimes international, implications to this kind of investing. An advisor can represent a client with their attorneys, accountants, and bankers to resolve complicated 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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