Art advisors are an excellent resource to help you make an informed purchase. They are like walking encyclopedias of the world of art. These professionals have connections with galleries and can make your experience with buying art more pleasant. An art advisor also charges a sliding scale commission and cultivates relationships with buyers and galleries. Here are three reasons to work with an advisor:
What is an art advisor?
An art advisor is someone who understands the art market and is a ‘walking, talking encyclopedia.’ The services of an advisor include:
- Advising clients on what works to buy.
- Negotiating with galleries.
- Bidding at auctions.
- Introducing clients to other market experts.
Some advisors offer services for a fixed monthly fee, while others charge a percentage of the sale price. In addition to educating clients, an art advisor provides access to the highest quality works. The art advisor swipes through thousands of images to narrow their choices. In addition to education and experience, they challenge clients’ tastes and find works that challenge their thinking.
They help clients make better-informed purchases.
While many art advisors have theoretical backgrounds, they do not know the practicalities of the art market. While this can be helpful, most advisors are limited to the theoretical aspects of the art market and cannot offer practical advice, such as negotiation skills. Fine art brokers are a notable exception to this rule. In addition to providing valuable advice, art advisors can act as intermediaries between buyers and sellers.
A successful art advisor uses their relationships with artists, galleries, and private collectors to help clients make more informed purchases. Many sought-after artists have waiting lists, leaving collectors feeling left out. A good art advisor can negotiate deals with galleries and access works out of your price range. Ultimately, a good art advisor is an invaluable asset. If you have a specific budget or collecting style, an art advisor can help you find the perfect piece to fill it.
They charge a sliding scale commission.
Art advisors typically charge a sliding-scale commission on the sale of art, charging 20% of the price for pieces under $100,000 and 5% for works valued at more than $1 million. An art advisor typically holds a bachelor’s degree and may have a background in fine art, graphic design, editing, photography, or some combination of these. The service can be extremely valuable to individuals and businesses seeking to acquire high-end artwork.
The art world can be overwhelming, so that an art advisor can be invaluable. They can educate collectors on the market, suggest art that would suit a new apartment, and provide access to a wide range of works by difficult-to-acquire artists. An art advisor also keeps up with current trends, including emerging artists redefining the field. Because of their extensive knowledge and experience, art advisors help their clients make better decisions. They often encourage their clients to consider works they might not normally gravitate toward but can provide valuable insight into art’s value.
They cultivate relationships with galleries.
When choosing a new work of art to sell, art advisors can open many doors. Not only can they help you find the most coveted works by a particular artist, but they can also convince galleries to buy your work. Often, the most desirable artists have long waiting lists, but art advisors have a knack for bridging the gap. As an art advisor, you’ll be able to convince galleries to place your top works on their walls.
As more collectors turn to art advisors for guidance, the demand for their expertise has increased. They help clients purchase works by reducing friction and managing risk associated with the art purchasing process. Besides their extensive art training, these professionals have an established network of contacts and can leverage their expertise to provide the best possible service. They can also help clients create a philosophical foundation for their significant collections.