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Art Investment as an Effective Strategy of Portfolio Diversification

Art Investment as an Effective Strategy of Portfolio Diversification

Collecting, Art Market
10 Apr 2018

Mr. Francesco Gibbi, Alternative Investments Advisor, Founder & CEO of LOT-ART shares some insight into Art investment as a strategy for Portfolio Diversification

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 Working models: Developing new gallery structures

Working models: Developing new gallery structures

Art Fairs, Art Market
17 Mar 2018

Mid-size and small galleries are facing well-publicized challenges. In this talk, five young gallerists debate new models and approaches

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What You Should Know If You Want To Be An Art Advisor

What You Should Know If You Want To Be An Art Advisor

Art Market
07 Mar 2018

Written by Alina Girshovich for Sotheby's Institute of Art. Excerpted from a talk by Suzanne Julig, art advisor, MA Art Business faculty, and Program Director of Summer Study in New York.

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What Art Collectors Need To Know About Fair Market Value And Insurance Value For Works Of Art

What Art Collectors Need To Know About Fair Market Value And Insurance Value For Works Of Art

Art Market
25 Feb 2018

The IRS defines fair market value as the price that property would sell for on the open market, as agreed upon between a ...

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From Studio to Factory: Is Overproduction the Greatest Threat to the Market for Contemporary Art?

From Studio to Factory: Is Overproduction the Greatest Threat to the Market for Contemporary Art?

Art Market
02 Feb 2018

In an excerpt from her new book, Dark Side of the Boom, Georgina Adam visits some of the world's most productive artists for Artnet.

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Art & Finance: This Year In Review

Art & Finance: This Year In Review

Collecting, Art Market
11 Jan 2018

As the art world reflects on 2017, Mary Ahearn for ArtTactic looks back on some of the most important art market developments this past year, and what to expect in 2018

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2018 Art Market Predictions

2018 Art Market Predictions

Art Market
31 Dec 2017

Jason Bailey of Artnome presents the findings from their intersections of art, technology, and data over the last few years.

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Who Are the Most Influential Curators of the Last Century? 19 Art-World Tastemakers Weigh In

Who Are the Most Influential Curators of the Last Century? 19 Art-World Tastemakers Weigh In

Art Market
06 Oct 2017

Artnet explored who are the heroes of the curatorial field, and why?

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Five Questions On How To Become An Art Advisor

Five Questions On How To Become An Art Advisor

About art, Art Market
09 Sep 2017

Useful questions to ask yourself if you want to become an art advisor by Tang Art Advisory.

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Opening a Successful Art Gallery: Where to Start

Opening a Successful Art Gallery: Where to Start

Art Market
07 Jul 2017

Samantha McAvoy's five takeouts from the discussion by leading New York gallerists Stefania Bortolami, James Fuentes and Richard Taittinger.

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Theft, Fakes and Forgery...Understanding Art Crime in a Global Art Market

Theft, Fakes and Forgery...Understanding Art Crime in a Global Art Market

Collecting, Art Market
01 May 2017

Gareth Fletcher on art theft for Sotheby's Institute of Art

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The Key Findings of Art Basel’s 2017 Global Art Market Report

The Key Findings of Art Basel’s 2017 Global Art Market Report

Art Market
22 Mar 2017

Auction sales fell, dealers saw an uptick, and art fairs are more important than ever. Eileen Kinsella for Artnet

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How to grow SA's R90bn creative economy

How to grow SA's R90bn creative economy

Art Market
10 Mar 2017

We need art both for its intrinsic value and for its market value, says Professor Jen Snowball.  

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8 Tips to shape your first art world CV

8 Tips to shape your first art world CV

Art Market
13 Jan 2017

Learn how to craft the perfect Curriculum Vitae for a successful career in the art world

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Five Steps to Art World Success

Five Steps to Art World Success

Art Market
05 Dec 2016

Working in the art world offers a whole range of career options - from curating to teaching, writing and more. Whichever path you choose ...

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Art Demystified: How Are Wealthy Busy People Changing the Art Market?

Art Demystified: How Are Wealthy Busy People Changing the Art Market?

Art Fairs, Art Market
13 Oct 2016

Henri Neuendorf posits that galleries have all but become traveling merchants in the world of the "working-rich" for Artnet. “One of the things that people point to a lot is the growth of the fairs, the importance of the fairs,” Art Basel director Marc Spiegler said at the Talking Galleries conference in Barcelona last year. “And I think part of that is because the fairs have done a good job of being a place where you can get an overview of a global market at a moment where the art world is internationalizing constantly.” According to the TEFAF Art Market Report, art fairs made up 40 percent of gallery sales in 2015, compared to 48 percent of sales made in-gallery. The Financial Times estimates that some galleries make up to 70 percent of their annual turnover at the fairs. According to Spiegler, the increasing share of sales made at fairs is due to a simple factor: wealthy new buyers entering the art market don’t have the time to dedicate to weekends visiting galleries in Chelsea or Mayfair. “The future clients of most galleries are people who are really, really busy.” Spiegler said. “They are really, really wealthy—but they are really, really busy.” Thus, as the art market has expanded internationally, and the demographics of art collectors has shifted from the leisure class to the “working rich,” the importance of the convenient trade fair format has gained importance and traction. As collectors have grown accustomed to the “one-stop-shopping” experience of the fair, the marketplace for art has gradually decentralized from the brick and mortar gallery space to the art fair. Gallerists have increasingly become traveling merchants, exhibiting and selling artworks in convention centers around the world. This development has a very real downside. The internationalization of the art trade has put a strain on galleries who now have to budget not only for rent and salaries, but also for the expenses associated with a variety of fairs, which encompass expensive specialized art shipping, insurance, booth rental, and accommodation in foreign cities. Additionally, exhibiting at art fairs takes time and money away from the gallery program. However, today’s clients expect their favorite galleries to attend art fairs. Many business-savvy contemporary artists want their work to be shown in that context. Galleries have grown reliant on gaining access to the marketplace that major art fairs provide. So for now, the fair format is here to stay. Pic: Getty Images Source: Artnet https://news.artnet.com/market/art-demystified-art-fairs-market-698750

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Why Do So Many Art Galleries Lose Money?

Why Do So Many Art Galleries Lose Money?

Art Market
30 Jul 2015

James Tarmy introduces German author Magnus Resch's book Management of Art Galleries which explores the financial sustainability of galleries. 

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Selling art: 17 top tips from the experts

Selling art: 17 top tips from the experts

Art Market, Artist Support
05 Mar 2013

17 Top Tips from industry experts on how to sell art. 

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