The first rule of collection building is to identify client preferences for certain kinds of art, individual artists and artworks. There are many different places to acquire artwork, some reputable and some not so much. Often people are showing you work that they want to sell you, not work that will nourish or challenge or satisfy you. Many galleries and consultants are not interested in the sale of secondary market works of art. The reason is that resale and secondary works of art more often carry lower commissions than works that are acquired when first available to the market place. The result is that there are few dealers who make these works available to the seller who has decided to bring these works back to the marketplace.
Assist novice collectors in developing appropriate collecting strategies
Review of existing collection, which may include appraisal and brokerage of selected pieces for resale, suggested restoration, reframing, and placement of art.
Selection of fine art for purchase from a wide range of sources including regional, national, and international galleries, private dealers, unaffiliated artists' studios, and works for resale from auctions, individual and corporate clients.
Presentation of proposed fine art options to clients using a combination of images and actual artworks.
Purchasing art on the client's behalf negotiating the best price.
Maintenance and rotation of the art collection.
Resale of artwork when appropriate.
Refer legitimate appraisers to value art collection for insurance or auction.
Check the provenance and perform due diligence for a potential purchase as well.
Collection preservation and conservation management
Curating, planning and budgeting for purchases
Advice on what and when to buy and sell
Geographical reach & representation
- Regular appraisals for insurance