The Role of the Art Advisor
What is an Art Advisor?
The art world is vast and complex. For collectors and investors who wish to diversify their investment portfolio and minimize their overall risk, working with an art advisor is a prudent decision.
A qualified art advisor is an individual who is deeply familiar with art theory and criticism as well as the primary and secondary art markets. They are both a connoisseur and a market expert. Art advisors traditionally hold a graduate degree in art history, art business, or fine arts administration, and have professional experience in either the primary or secondary art market.
In hiring an art advisor, you will be introduced to new artists and movements that compliment your taste profile and are within your budget. An advisor can manage the logistics of buying, maintaining, and selling single works, or entire collections, all while mitigating risk.
How Do You Choose an Art Advisor?
When selecting an art advisor, it is important to find a professional who is unbiased, knowledgeable, and understanding of your taste profile and financial goals. Collectors and their advisors should have ongoing and frequent communication.
How Do Art Advisors Charge?
The most common fee-structure used by art advisors is commissioned-based. In certain circumstances, an art advisor will work off of an hourly-rate or retainer-based fee-structure. The exact nature of an advisor's fee-structure is typically based upon the specific wants and needs of the collector.