Find Answers to Your Art Collecting and Appraisal Questions
Is Art a Good Investment?
The answer is it depends. The art market is huge and for art to appreciate, for starters it has to have a secondary market. This is quite rare and only very small percentage will fall into this category. Understanding which art is likely to fall into this category takes a lot of expertise and since art in general is made with other intentions (i.e. its creative value), there are a great deal of variables that have to come together for an artist's work to appreciate. For a deeper dive, check out my YouTube video "Why the Art Market is Different than the Stock Market"
What is an Art Appraisal?
An art appraisal is technically an opinion of value, however, this has a lot more layers to it than that definition makes it sound. A formal appraisal is often misrepresented as a one page document that just has a value stated on it. A qualified appraisal is one that follows specific rules and ethics and is governed by the Uniformed Standards of Appraisal Practice. This is the same body that sets the standards for real estate appraisals.
To Learn more, check out my YouTube video "What is an Art Appraisal (& What is not)"
A What Does an Art Consultant Do?
An art consultant provides unbiased and educated information that helps collectors buy art wisely. An art consultant comes into you home and provides you with options that you aren't going to find in just the local galleries. They will tie in your story, with the design of your home to create a world class collection that you love.
To learn more, check out my YouTube video: "What does an Art Consultant Do"
What is the Difference Between the Primary and Secondary Art Market?
The primary art market the artist is paid directly (after costs) and it is the first time the art has been offered for sale. In the secondary art market, the art is being resold by the owner at that time.