Interview of the Month with Arthena

Apr 08, 2016

The Clarion List continues our series of interviews with leading art service providers. 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 make the art services market in general more transparent.
This month we discussed the unique art market start-up Arthena with Madelaine D’Angelo, Founder & CEO,and Katya Khazei Director of Marketing. Learn what makes their platform unique among art funds, and how their new product can help gallerists, advisors and experienced collectors co-invest in art with their friends and peers.
The Clarion List: What is A ...

What It’s Worth: How Art Appraisers Value Art

Apr 08, 2016

There are many reasons to call in a professional art appraiser to determine the value of a work of art or an entire collection. You may be dividing an inherited collection among heirs, seeking to collateralize a loan or need to raise cash quickly.
A valuation may be needed to:
- Ascertain the fair market value for an estate, donations or for the IRS
- Determine the net marketable cash value (after expenses) in the event of a divorce or lawsuit
- Obtain a retail replacement value for insurance
- Fix a salvage value (for after a catastrophe)
- Set a value for the purposes of loan collateral
- Find out the liquidation value (during a bankruptcy or to cover large expenses like tuition or ...

Private Art Dealers—The Ultimate Art Market Insiders

Apr 08, 2016

Private Art Dealers are growing in both numbers and influence as more and more art collectors choose to buy and sell art behind closed doors. Private dealers offer access to networks of artists and collectors, insider’s knowledge of the marketplace and great pricing. Savvy collectors, corporations and institutions are discovering the advantages of one-on-one brokered art deals in the midst of a competitive and sometimes overwhelming art world of public galleries, auctions houses, online sales and art fairs.
Knowledge of the Marketplace and a Passion for Art
Many private dealers have long experience in galleries, auction houses and museums. Some keep a foot in each camp, by continuing ...

Interview of the Month: Rosanna Cundall, Managing Director, Sophie Macpherson Ltd.

Mar 15, 2016

The Clarion List continues our series of interviews with leading art service providers. 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 make the art services market in general more transparent.
This month we discussed the specialized art recruitment industry with Rosanna Cundall, Managing Director of leading search firm Sophie Macpherson Ltd.  Learn how the art market has drastically changed for employers and employees alike in the last 15 years, what makes SML unique, and predictions for the future of art market recruiting.
The Clarion List: What ...

Interview with Rebecca Wilson, Chief Curator and VP, Art Advisory at Saatchi Art

Feb 17, 2016

We continue our series of interviews with leading art service providers. 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 make the art services market in general more transparent.
This month we discussed how e-commerce is shaking up the art market with Rebecca Wilson, Chief Curator and VP of the leading online platform Saatchi Art. Curious about buying art online? Learn how it works on their platform, about their unique point of difference, and about the tens of thousands of artists choosing to sell via Saatchi Art.
The Clarion List: What is Saatchi Art? ...

Interview with Heather Marx Art Advisory

Jan 07, 2016

We continue our series of interviews with leading art service providers. 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 make the art services market in general more transparent.
For our first interview of 2016, Heather Marx of Heather Marx Art Advisory discusses what it’s like to be a Bay Area-based art consultant, strange client requests, misconceptions about her field, the SF art market and more.
The Clarion List: What services does Heather Marx Art Advisory offer clients?
Heather Marx: We offer a comprehensive list of services for individuals ...

Art Law & Art Recovery: How Stolen Art Became Stalin's Art

Dec 15, 2015

Holocaust art recovery cases are the most compelling cases in fine art law. We cheer for the families who have spent generations trying to recover their priceless treasures systematically stolen by the Nazi regime before and during World War II. On Oct 2015, United States Court Appeals affirmed in favor of Yale University in a case brought against them by a man whose grandfather's Van Gogh was seized by the Bolsheviks as “state property" in 1918. So, apparently not all tyrant art seizures are considered equal. For sure, a potential can of worms exists if we second guess a foreign state’s government conduct towards its citizens. Do we really want to question a government seizure f ...

A Guide to Art Investment for the Uninitiated

Nov 23, 2015

Looking for an alternative form of investment? Fine art can bring great rewards, but you need to do your homework and seek advice. When Grace Cossington Smith's modernist painting The Window sold for double its pre-sale estimate at a Sotheby's Australia auction in November 2014, the local art world was aghast.

What To Know What's Going On In The Contemporary Art Market? Look At The Day Sales

Nov 20, 2015

As everyone in the art market knows, the day sales are where business gets done. Dealers buy, sell and trade in the room; collectors, well, collect. The secondary market breathes in and out as a greater volume of works at lower price points trades.

Purchasing Fine Art Is Increasingly Just a Click Away

Oct 29, 2015

Since the dawn of the web, companies have tried - and mostly failed - to sell fine art online. In 1999, for example, eBay bought Butterfield & Butterfield, one of the largest traditional auction houses, for $260 million, promising to use technology to bring fine art to the masses.
#ecommerce #collecting

Have Multi-Million Dollar Forgery Scandals Changed the Art Market for Good?

Oct 20, 2015

There's a consensus, though, that the very obstacles to determining authenticity highlighted by Knoedler and Beltracchi are still formidable, because the ways of doing business have changed little, if at all. Consider provenance. If a work can be traced from the current owner back to the artist, it's almost a guarantee of authenticity.

Purchasing Art in a Market Full of Forgeries: Risks and Legal Remedies for Buyers

Oct 14, 2015

by Leila Amineddoleh. Since the first lawsuit against the Knoedler Gallery was filed for selling forgeries, the art world has been abuzz with stories of high-end fakes. However, forgeries are not a new phenomenon. The law of supply and demand dictates that there will be no end to the rising value of artworks done by the hands of “masters.” And with soaring market prices, art forgery will proliferate as forgers find incentive in skyrocketing sales. At the heart of forgery disputes is the determination of authenticity. Who makes these determinations? How does the market and legal world handle a battle of experts? Moreover, what remedies are available to disappointed buyers? The bes ...

Developing DNA as a Standard for Authenticating Art

Oct 13, 2015

The artist Eric Fischl remembers the time a friend waved a catalog at him to alert him that one of his paintings was up for auction for six figures in London. In reality, the work was a fake, but so convincing, Mr. Fischl said, "I thought I was losing my mind."

Estate Planning Can Get Tricky When Art Is Concerned

Oct 02, 2015

Art investors are nearly always advised not to invest in art at all, but to collect it. Buy what you like, the conventional wisdom goes, not what you expect to increase in value. But collectors still must contemplate financial matters, especially related to inheritance, advisers say.
Source : the new york times

Should you invest in booming global art market?

Oct 02, 2015

With major art fairs taking place across the globe from Chicago to Istanbul to Shanghai, art enthusiasts, collectors and sophisticated investors alike are questioning whether to acquire works of fine art as investments. And as significant appreciation emerges in some corners of the art market, we see growing interest from clients about incorporating art into their investment portfolios.

Navigating the Art Scene With a Wingman for Hire, With Insights from The Clarion List

Oct 02, 2015

"...An option for serious shoppers is an art adviser, who can guide collectors through the city’s galleries and auction houses. Fee structures vary, but in a common scenario, the adviser will charge a 10% commission while negotiating a trade discount to help defray costs...."
 
Read Full Story here
 

Restoring the Value of Damaged Art

Sep 28, 2015

Insurers of fine art hear lots of excuses in their line of work. Almost as many as third-grade teachers. The movers dropped it. A pipe broke and sprayed water all over it. Somewhere, a dog is likely to have eaten at least one collector's favorite painting.

Selling an Art Collection: A 5 Step Art Market Adventure

Sep 18, 2015

If you’ve inherited an art collection and you’re considering selling all or part of it, you are in for an art market adventure! It can be an emotional and financial roller coaster ride, so it pays to take your time, consult with experts and enjoy learning about the other side of art collecting. Step One—Discover What You Have So You Can Sell The very first step is to figure out what—exactly—you now own and how much the individual pieces are worth in today’s market. This is a good time to bring in both an art appraiser (to help you get an idea of current market values) and an art conservator to assess any damage that may need to be addressed prior to sales. ...

You Don't Have to Be Mad to Invest in Art, But You Do Have To Be Realistic

Sep 17, 2015

Even if you’re tempted by arguments that art is the next new asset class, and data such as the Mei Moses World All Art Index, which as of June 2015 had outperformed the S&P 500 since the end of 2013, there are a few caveats to bear in mind. First, you can’t and shouldn’t view a work of art as an investment, regardless of what some economists argue. Sure, your new painting may hold its value and may even appreciate. But art is the most illiquid and opaque market imaginable, one that makes the murky worlds of hedge funds and private equity look positively transparent in comparison. Read more...
Source : the guardian - Suzanne McGee 

Why Did I Buy THAT? And 5 Other Art Collector Mistakes To Avoid

Sep 02, 2015

Why did I buy THAT? It seemed like a good idea at the time, but now that you’ve brought home the latest addition to your collection, you are second-guessing the decision to buy it. What happened? 
 Source: Tumbler

Art Collector Wingmen: The 7 Experts You’ll Need on Your Team When You Get Serious about Collecting

Jun 29, 2015

Creating a Serious Art Collection
Anyone with a passion for art and some discretionary funds can buy a few collectables for their home. It’s a lovely idea and we hope everyone enjoys art as an integral part of life. But collecting is much more than hanging a painting over your sofa. It’s a leap into the heart of the art world, a strange and wonderful junction where love, taste and commerce meet. When you are ready to get serious about collecting, it’s smart to consult professionals who will help you navigate the complex process of creating and nurturing your collection.
Here are the seven experts you should tap when you get serious about art: Art Title Provider, Art Consu ...

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