LATEST ART INDUSTRY TRENDS

The art market has become more transparent over the past 20 years but some areas remain opaque. The art advisory field is a good example. No industry-wide standard exists for best practice: not for individual art advisors nor art advisory firms. Oftentimes this opacity prevents collectors from hiring an art advisor. This is unfortunate because a good art advisor provides tremendous value to their clients: educating them on art, saving them time and money, and reducing their transactional risk. Aspiring art advisors, too, are left to their own devices when it comes to navigating the idiosyncrasies of the art market. No education exists on topics such as appropriate fee models or managing client relationships, including potential conflicts of interest.

Susannah Wilson joined artnet in 2013 as the Director of Strategy, where she combines her expertise in the worlds of art and business. Previously, she earned her Honors Bachelor’s degree in the History of Art and Architecture from Harvard University and has experience in all sectors of the art market, including galleries, auction houses, and […]