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  • Contemporary art

Buying art can be great fun but it’s also a very serious and complex venture. The art world is in constant flux, which has developed a need for art advisors. Keeping track of which pieces are for sale, and what new artists are hot, is a full time job. However, finding the right adviser can be a challenge. Trust is a key component in the relationship between adviser and collector. When trust is gone, the parties usually end up in court as in the recent case of the Iranian-born collector Eskandar Maleki and his former art adviser Amir Shariat. Maleki is suing his former art adviser for taking undisclosed commissions and unauthorized profits from the sale and purchase of art over nine years, asking for the restitution of more than $1m plus €800,000.

Contemporary art

Daniel Arsham

 

Range of Skills

Fine art is considered a relatively stable long-term investment. An art advisor is a person who consults individuals or businesses about which pieces of art they should acquire. A art consultant draws from a specialized knowledge of art sales, art, entrepreneurship, networking and the art scene. This advice may be used for a wide range of purposes, from building a personal collection, to designing an art program for a chain of hotels, to building an investment portfolio. Art consultants bring to the table a range of skills including a keen sense of how to match artwork to specific businesses or private collection.

Contemporary art

Parker Ito

 

Dealers and Advisers

While some galleries serve as art consultants, they tend to be limited to their own inventory. In comparison, an art advisor is free to choose any work that suits their client. The key difference between a dealer and an adviser is that art advisor should not represent any special interests other than the client’s. A skilled art consultant knows clients’ likes and dislikes, their budget and their desires and aspirations. Art advisors consider each client’s unique needs and budget, and then consider hundreds of works before making a recommendation.

Contemporary art

David Ostrowski

 

Online Sources

One shouldn’t lose sight of the growing number of online art sources such as Art.sy, Artnet or Widewalls itself, which in a way serve as art advisors too. We keep track of which pieces of art are sold and at what price, and what new artists are hot. This way we offer collectors and art lovers a valuable overview of the state of things in the art market and draw their attention to good investments.

Contemporary art

Christian Rosa

 

 

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