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.