Art Advisory & Art Investments

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Explore the world of art with a professional Art Advisor, how to select the right one

16 January 2016

Art has many forms; it comes in various shapes and sizes and exists in things big and small! Many people are attracted towards art; be it a personal hobby or as a means of investment. With numerous artists around the world and uncountable pieces of art it is impossible for an individual to get their hands on the most exclusive and refined arts. The very first thing is to know what your exact passion is. What kind of art interests you? What is it that you are looking for?
An Art Advisor is a professional in the field of art. As mentioned earlier art is extensive and exists all around. An art advisor knows the right sources and the best places to acquire art forms that interest you. It’s an expensive passion and many have lost money by placing it on the wrong art pieces or involving with artists that dupe clients for money. You can avoid such risks by working with an art advisor. It’s important to understand the difference between an advisor and an agent. An agent is just a broker who earns money from the investor and seller by making a contact between the two. An agent does not necessarily understand art. Whereas, an art advisor understands art and works on the basis of individual needs and requirements. An advisor invests time and efforts in helping you acquire rare art pieces from around the world after research and study.

How to select an Art Advisor?

There are many sources and Leeds online that can help you get in touch with an art advisor. You need to evaluate an advisor and make a final choice after carefully understanding their individual nature of work and experience. Another way could be to ask within your network for a reliable art advisor. First try to understand the kind of work an advisor has done. A detailed understanding of past projects can help you understand their limitations and experience. You need to have an open communication to understand their work and also explain your needs. It’s a two way interaction that must be able to satisfy both parties. Once you know their experience you need to know their skill sets. Try to divulge into their exact strong points and forte.

Ask for ideas and suggestions to understand their bent of mind. Giving opinions and making suggestions may limit the advisor. Instead, allow them to be creative and think independently to support your needs. This will help you visualize their work and set expectations. Also have an open conversation about the work to expect. Some art advisors only help find Leeds and refer sources where as some go beyond and help acquire the art pieces too. So u need to know, from the very beginning, the exact services to be expected.

Discussing a budget and financial limitations is another extremely important aspect. Art is expensive and your art advisor must be aware of your exact budget. Talk about the possible extension, if any, and also consider the service fee of the art advisor. An art advisor is a professional who will help you in exchange of remuneration. This may vary based on your needs and the work it involves. Discuss all these in the beginning to avoid any unforeseen financial expenses in the end. Discuss every aspect related to shipping charges, framing charges, consultation fees etc. You need to know the exact amount of money involved. An art advisor can also help you insure your art. So talk to them about art insurance and come to a common conclusion.

The greatest wealth of an advisor is access. An art advisor is aware of sources and can help you reach them. So understand the extent of their reach and try to maximize yours through them. While auctions are the most common way of acquiring art, an advisor may be in touch with artists who do not usually auction their art pieces and sell on the basis if network and trust. For those who collect art as a form of investment it becomes even more important to reach out to untapped resources to collect rare pieces of art that are not easily available or accessible in the market. It just makes the investment more profitable. After all, the rarer the piece, more the value!

Being an art advisor has become a trend today. Considering the money involved it is lucrative and this leads to many novice and unprofessional advisors entering the market. It thus becomes important to thoroughly evaluate experience and past work to make an informed choice and work with skilled professionals.
Another advantage of working with an art advisor is the fact that all transactions are devoid of emotions. As a passionate art collector you may be tempted to spend over your budget just because you truly admire something. But an art advisor does not let emotions sway their transactions. They make reasonable decisions based on logic and reasoning. This is something even the seller is aware of and thus all transactions are clean and to the point. The interesting part is what fascinates one may be ordinary to another. So, you need to work with an advisor who does not follow common notions of art forms but understands your individual taste and choice.

An art advisor can also help you give direction to your needs. If you are starting out new or are unsure about what to invest in, an advisor can help you understand the various aspects and set directions for you. So talk about your end result and see if you have a clear way to achieve it. This is particularly true for investors who like art but do not collect for passion but investment.

The market value of art pieces is dynamic and an art advisor will ensure you only pay the right amount. The advisor will simplify the process of buying art and navigate you to the most potential resources. Their knowledge and interest will help you acquire only genuine and the very best art pieces available in the market. An art advisor gives sound advice and is the guide you need!

The world of art is very widespread and you definitely need an advisor to reach the corners and scale demographic distances. It also helps you associate with the very best in the market and completely negates the risk of losses or being cheated. Some people skip the process of working with an art advisor to avoid unnecessary fees and payments but in the end pay more for art pieces or completely miss the opportunity of acquiring something unique. It’s a small but smart investment that can maximize profit and be a fruitful investment in the end. Working with an advisor also helps you save time and money. They do all the running around and lengthy negotiations on your behalf. It may not be possible for you to travel from one place to another but an advisor will do it for you. In the end, you save time, money, effort and also get the reward of rare and unique art pieces that match your style and at the best prices! It’s a great deal!

Daniel Turriani

Founding director

JT Art Asset