Through Art Market & You, Art From Us provides you Analysis, Opinion and Factual Reports regarding the current on-goings of the Global Art Market. In this article, we explore the ever-changing role of an art advisor.
The Field of Art Advisory
The field of art advisory has witnessed major shifts in recent years. This is due to the ever changing nature of the art market. Thus, an art advisor’s role is no longer limited to providing expert opinion.
An advisor plays an important part in every stage of an art purchase. Furthermore, she also helps curating individual collections. Let us consider a few key aspects of art advisory.
Relevance of an Art Advisor
1. Providing Access – A reputed art advisor is able to offer her clients access to rare works. Such works may not be accessible on the open market. Galleries tend to reserve their best works for their most exclusive clients. Having an art agent certainly helps get your foot through the door.
2. Identify Tastes – The advisor’s core competence is to match the client’s taste to the best work. Such workd must be affordable. It must fit the client’s collection and be a good investment. Reconciliating taste with budget is crucial.
3. Tracking works – Oftentimes an art advisor is asked to track a particular. Such a work may be crucial to a client’s collection. Finding and negotiating for it is a challenge.
4. Provide financial services – Providing support on taxation and investment comes with the territory in art advisory.
5. Manage art-buying experience – Art fairs and gallery visits can be overwhelming. Thus, part of the advisor’s job is to manage the process of purchasing art for their client.
6. Curate a coherent collection – A collector may impulsively desire certain works. However, the advisor must always consider the wider collection of her client. Therefore, if a work does not fit into the larger narrative, the purchase should be avoided.
Apart from these core duties, the advisor also maintains client confidentiality. Further, she filters information for the client and helps build a collection that is valuable and important.
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