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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.

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.

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.

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.

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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