Three Reasons To Consider an Art Advisor
by Kwami Merzier
Whether a greenhorn or a veteran, getting access to the art you want to purchase can be stressful. As the art market continues to grow, more and more collectors are flooding the market. These collectors are buying limited pieces from some of the more well-known and well received emerging artists. With the vast amount of options and competition from other buyers, many collectors opt for an art advisor. To get a better understanding of the benefits of art advisory, lets look at a few reasons to consider one:
Refine Your Art Taste
Before you can successfully begin you art buying career, you must identify what type of art you want to buy. A qualified art advisor will initially give you an interview to get a better understanding of what type of art you have a tendency of leaning towards. In addition, they can then take this knowledge, decide if your taste is profitable or not, and/or push you in the direction that you need to go. Not only can one help you unleash your inner art aficionado, but they can also educate you on the business side of the market. You can develop a great grasp of auction sales and the inner workings of the market working with them. Being more knowledgable allows for a more enjoyable and profitable process.
Access New Dealers
Unfortunately, many galleries won’t do business with a collector who does not have an established presence. In fact a lot of galleries save some of their best works for some of their most loyal clients. An art advisor is a great way to circumvent this problem. Throughout their years of experience, art advisors will have developed a large network of collectors, galleries, and sellers. This means that when they are working with you, their resources are within your reach. They can pull strings and get you access to more elusive galleries allowing you to get your hands on work that you otherwise wouldn’t.
Part of an art advisors job is to manage and limit the transaction risk associated with buying art. Due to their understanding of the market , they can easily tell if a piece of art is overpriced or is a feasible investment. They are more suited to act as your advocate and negotiate for you. Advisors can also let you know what pieces are more profitable than others through market analysis. Advisors may sometimes have additional discounts with certain galleries which could allow you to receive certain pieces for a fraction of what they were priced for.
With all these factors in mind, an art advisor should be on the top of your list if you want to minimize risk, have a better art selection, and have access to more art.