Nov 12, 2018
In the past decade or so, the way that art is exhibited, bought and sold has made a major shift. The number of art fairs is at a record high. For some galleries, these art fairs can be highly beneficial, as sellers are able to increase their visibility and widen their market. Participating in art fairs year-round can be an immense financial burden, and yet if galleries choose to opt out, they are considered irrelevant. This high-cost, high-risk atmosphere of most art fairs poses an immense threat to the existence of smaller brick and mortar gallery spaces and can be very costly and profit-eating even to the established galleries.
As New York-based artist consultant Elliott Levenglick, who r ...
Sep 11, 2018
5 Tech Companies Offer Efficient Information Sharing
The art market is evolving as more and more art transactions are taking place online. However, despite grabbing most of the headlines, e-commerce sites aren’t the only platforms that are revolutionizing the art world via tech. A number of companies offer software solutions to help art market businesses -from auction houses to galleries to art consultant firms - run their businesses more efficiently.
Due to the historical and prospective significance of the works being bought and sold, art transactions require a complex web of data that is continually evolving about both the object and its sales. With the help of online software pro ...
Aug 30, 2018
By Diane Jackson, Chief Operating Officer and Director of Finance at Huntington T. Block Insurance Agency, Inc., a division of Aon
With the 2018 hurricane season upon us and the most damaging California wildfire blazing – not to mention the prospect of winter weather around the corner – it’s more important than ever for art collectors to create a plan of attack for how to keep their collection safe if a natural disaster were to occur. Failing to have a proactive plan in place leaves collectors vulnerable to having to react quickly in dangerous situations, upping the chance art may be damaged in hasty transit or, worse yet, have to be left behind at a moment’s notice. ...
Jul 11, 2018
One of the most vital services for art collectors that is commonly overlooked is collection management. As a collection grows, having a collection management specialist by your side can be incredibly beneficial to save you time and headaches in both the short and long terms.
While more and more larger private collections are being overseen by collection management specialists, this field is still unknown to many newer collectors and industry insiders. We spoke with four experts from the field about why a collector should hire a collection management specialist, what services they offer, how to hire the best specialist, and why your art consultant may not be enough.
Cataloguing & Beyond ...
May 21, 2018
What to Expect As You Become a Part Owner of a Masterpiece
Not everyone can own a masterpiece. Besides the often prohibitive price tags, you also have to wait for one to come up at auction, and not all art lovers have adequate wall space. One of the greatest troubles (and joys) of paintings and sculptures is that there’s just one of each.
Art funds, however, allow individuals to share ownership as they make investments in aesthetic assets including masterpieces. Around since 1974 (according to Artsy.net), these entities have shifted over the years to accommodate new investors and eras of art history. Now, you need not be a millionaire, nor an Old Masters aficionado, to buy in. This y ...
Mar 06, 2018
Let’s leave art theft to Hollywood. Glamorous and alluring as The Thomas Crown Affair and similar films may be, true art crime leaves its victims feeling attacked, struggling with insurance companies, and grieving for prized possessions. It also happens more frequently than you may expect: tens of thousands of artworks, worth billions of dollars, go missing every year. In 2004, the FBI even set up their own Art Crime Team, comprised of 16 special agents. They maintain a National Stolen Art File, where you’ll find missing works by artists ranging from Abstract Expressionist Franz Kline to Andy Warhol. From Pre-Columbian stone bears to screen prints, art of all media, from all eras ...
Mar 05, 2018
The Clarion List continues our series of interviews with leading art companies. Whether you are learning about these companies for the first time or are already familiar with their services, we hope this series helps shed insight into each’s distinct niche and makes the art services market in general more transparent.
This month we discussed art storage and collection protection with Kimberly Jones, Vice President at Fortress Miami, a museum quality art storage and services company. Learn about how to prepare your collection for hurricane season, why "after the storm" events can be more dangerous than "during the storm" events, and why this art storage company decided to open in hurri ...
Jan 16, 2018
By Peter Falk, Co-Founder and Head of Research for Private Art Transaction Alliance, LLC in New York
For most of the 20th century transactions in the art market were largely under the control of brick-and-mortar art galleries and the major auction houses. Galleries sold privately at what were considered to be retail prices — this defines the primary market. They nurtured artist’s careers and established value benchmarks. As time passed, the auction houses fed off the galleries’ consistent promotional efforts and sold works publicly at what were often by comparison, wholesale prices, and this defines the re-sale or secondary market. But, by 1990 auction price results had be ...
Jan 16, 2018
Plus Tips for Investing in Art That Needs (or May Soon Need) Conservation
Art conservation--generally the purview of trade publications--became major news this fall with the case of Leonardo da Vinci’s Salvator Mundi (Savior of the World). The painting, which sold at Christie’s Post-War and Contemporary Art Evening Sale this past November, realized a price of over $450 million. Yet, it also attracted much attention for the dramatic lengths that conservators had gone to alter the surface. Publications from The Daily Mail to New York Magazine discussed the intensive alterations that a world-class team had made to the warped and scratched original. da Vinci made the painting around ...
Jan 11, 2018
by Daria Pletneva, Creative Director at ARTI.NYC
It can often be a lengthy process to source a single work of art for a single empty wall. Sourcing art works in bulk for a commercial space can therefore seem to be an almost insurmountable, difficult task for some interior designers, architects and even new art consultants. However, with careful planning, one can create a cohesive, enjoyable art plan for a large spaces. The following article presents my advice for sourcing and installing 20+ artworks for large projects like townhomes, commercial buildings, hotel chains, restaurants, and even airports.
Plan and Discuss
This step is as evident as it is crucial and underestimated. In building ...