1AN News

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Art & Finance Report 2016

February 9, 2017

The 2016 Art & Finance report comes at a challenging time for both the art market and the wealth management industry. With art market growth showing signs of slowing toward the end of 2015 and in early 2016, combined with slower economic growth, increasing volatility in the financial markets, and geopolitical uncertainty, the picture is becoming more complex and unpredictable. Maybe it is exactly this…

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Buy What You Love

February 2, 2017

This is the advice from Annelien Bruins and so many other seasoned professionals in the art world. Bruins has worked for over 15 years in the industry and has advised and managed private and corporate art collections around the world. For emerging artists’ work, Bruins believes that collectors should buy what they’ll love and want to live with. True, some very savvy collectors are able…

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Artemundi’s Art Market Forecast 2017

January 26, 2017

2016 year was a pivotal one for the art and auction world. Saatchi Gallery held its first all-female show in January. David Bowie’s death rendered him one of the most talked-about collectors of the year. The news of the Brexit vote in late June caught the world by surprise, and caused a rippling of concerns across stake-holding nations. The sale of Claude Monet’s Grainstack for…

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Art has its Feet Firmly Planted in Two Worlds

January 19, 2017

For many, art is treated as a commodity and a financial asset. In fact for the past 35 years, much of the growth in the global art market has been the result of the ‘financialization’ of art – art being used as a store of value. And yet if art is a commodity, it is unlike almost any other commodity in the world. Specifically, it…

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When it comes to Taxes, Ignorance is far from Bliss

January 3, 2017

Taxes are waiting for you around every corner. In fact, sales taxes vary by state and rates can reach 10% of a selling price depending on the city/state combination. Whether you’re an art buyer or seller, ignoring these taxes is never a great idea. The key to understanding how taxes are applied is something called ‘nexus’. No we’re not taking about the boarder entry pass….

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Protecting the Intangible Assets of a Visual Artist’s Work: Estate Planning and Management of Copyrights to Create Value and Preserve Legacy (Part I)

December 16, 2016

Storage, conservation, and cataloging needs create special problems for the visual artist’s estate. It is important to separate artistic property from other physical possessions. — Barbara Hoffman, Attorney I am frequently called upon with respect to the planning of visual artist’s estates, particularly as it concerns the development and preservation of the artist’s legacy. Whether creating artist endowed foundations during the artist’s lifetime or planning…

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DEMOCRATIZATION OF ART: THE RISE OF A NEW ART MARKET’S PARADIGM

December 9, 2016

Pronounce the word “art”, to conjure up the image of an intellectual and sensitive practice reserved only to the upper class and aristocracy. A sacred aura still attaches to the word. Yet the notion of art as elitist is decades out of date. So out of date, in fact, that a new paradigm is emerging, and has been since about the turn of the millennium….

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THE HABITS OF SUCCESSFUL COLLECTORS

December 2, 2016

Whatever the reason for your art purchase, be it passion, financial investment, or a combination of the two, take insider advice from our experts. Here, we offer invaluable tips and techniques for successful collecting, including new ways to enlist specialist advice, utilising technologies and social media for your own research, and navigating art fair etiquette. Until fairly recently, almost all art purchases, made by both…

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VIDEO: Tips for Attending an Art Fair

November 21, 2016

Why Should You Attend an Art Fair? What’s the Best Approach When Navigating Through a Fair? How is the Accessible Art Fair is Different from Other Art Fairs? Why did You Bring this Concept to New York City? Join the brains behind the new Accessible Art Fair New York, Maria Van Vlodrop and Stephanie Manasseh, as they provide insights into how to navigate an art…

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VIDEO: Shedding Light on the Contemporary Art Market

November 21, 2016

Just how dynamic is the contemporary art market? Should we expect any adjustments or corrections in the next few years? Who are the top ranking contemporary artists right now? What should first time collectors keep in mind? Join artnet’s Post War & Contemporary Art specialist, Jacqueline Towers-Perkins, as she provides her perspective on this hugely dynamic market and on buying trends for contemporary artists including…

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