Apart from having an impact on their career, investing in living artists can change the future of art as a whole. If we want to have a constant flow of quality art in the future, we need to invest in the artists of today. However, supporting upcoming artists goes beyond the world of art and affects the entire society.
It appears that there is no industry in the UK which will be untouched by Brexit, including the art world. What does the British art industry look like in post-Brexit Britain? With her extensive experience, Olyvia Kwok is perfectly placed to be able to help us to unlock how Brexit might impact the UK art industry.
Art advisors work both with individual and corporate clients, seasoned collectors and art collecting novices. Art advisors cover everything from big corporate acquisitions to small one-time purchases. They can help their clients decorate hotels or source a single piece for a specific collection.
Sometimes it seems like artists get instant recognition for their work. But more often than not the success of an artist is the result of a thought-through strategy constructed by other art professionals. Let's talk about the role of galleries, dealers and artists’ estates in building powerful artists’ brands.
Although some art investors manage to get high returns on their purchases, investing in art is, in fact, a high-risk endeavor. Art investments carry a wide range of risks and expenses that many people aren’t aware of when entering the market - let's look into some of them.
Art auctions are considered the most transparent art trade channel out there – sales are clear, prices are made public, anybody can participate. However, there are some unclear practices that cast a shadow over the seemingly straightforward auction process.
Purchasing or selling art can be a long process with lots of factors that can affect the final price. One of them is taxes you'll have to pay. Various taxes can significantly raise the price of the artwork. That’s why we composed a list of several different taxes you'll have to pay when purchasing or selling art.
The price of art depends on many factors, some of which can be manipulated by collectors to grow the value of their pieces. Let’s take a look at how collectors can influence these factors to increase the value of their collection.
The invention of cryptocurrency has inspired artists from all over the globe to create new, exciting types of art: crypto-inspired art and crypto-collectibles. In case you missed this important milestone in art history, we’re here to remind you of a few art pieces that wouldn’t exist without cryptocurrencies.
Corporate art collections have been around since the 1950s, when David Rockefeller decided that Chase Manhattan Bank should begin to acquire art. Other banks followed his lead and create collections of their own. Even today, the largest corporate art collection in the world belongs to a bank - Deutsche Bank.
Freeports are a popular solution for art buyers today. They are located in duty-free zones outside of anybody's jurisdiction and anybody's tax bills. Tax benefits are the number one reason why many collectors opt for keeping their art in freeports, but there are many other advantages freeports offer to their users.
Limited edition prints are often seen as mass-produced copies of famous artworks. But prints can be just as valuable as other artworks. Buying prints can be a great way to acquire pieces by famous artists at affordable prices or they can be a great way for new art collectors to kick off their collection.
- Page 1 of 2