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The Four Stages of Collecting – Part I: Before You Buy

Speaker(s): Megan Fox Kelly

The Four Stages of Collecting – Part I: Before You Buy

This first session in our four-part series will discuss the best way to embark on your journey as a collector.

Talk Details

We will discuss how to create a meaningful collection based on your personal needs, interests and resources. And we’ll explain the finer details of the acquisition process and how you can benefit from services of an experienced advisor even before you make that first purchase.

Participants will learn:

  • How to define your unique collection strategy
  • About the tools available to new and experienced collectors
  • When and how to work with a qualified advisor
  • The financial and personal commitment involved in collecting art

Please be sure to join us for the rest of the series:

Part II
Taxes and Legal Obligations: This session will cover purchasing process, applicable taxes and “hidden costs”, freeport storage, resale issues and capital gains taxes, Visual Artist Rights Act and copyright issues.

Part III
Managing your collection: An expert will discuss conservation, documentation, condition reports and photography, databases, installation, storage and other logistics.

September – Part IV
Collecting for the Next Generation: Attendees will learn about long-term care, stewardship and succession planning, art donations to non-profit, and supporting your local arts community as part of your overall collection strategy.

Target audience: Art collectors of all levels.


Speaker Details

Megan Fox Kelly

Megan Fox Kelly builds and manages collections for an international mix of individuals, museums, estates and foundations.  Her full service advisory business provides curatorial and market advice and museum-quality fine art services for collectors, attorneys, financial advisors and estates.

Her academic training includes an MA in the History of Art from Brown University.  Megan’s professional training began in the Curatorial and Special Exhibitions Departments of the National Gallery of Art, Washington, DC.  This strong foundation in proper museum practice continues to inform her work for clients today.  

After ten years in the international art business, she established Megan Fox Kelly Art Advisory in New York in 1999.  Megan has curated collections of important 19th and 20th century American and European art, Post-War and Contemporary art, and vintage and contemporary photography.

In addition to advising clients on acquisitions and sales of works of art for their collections, her practice includes collection management, estate planning and execution, strategic planning and feasibility studies for museums, exhibition planning and administration, and fine art appraisal services.  Megan has served as the advisor to numerous artist and collector estates including the Estate of Michael Crichton and the Estate of Robert DeNiro, Sr.

Megan is a board member of the Association of Professional Art Advisors.  She is an U.S.P.A.P. certified appraiser and has a Certificate of Appraisal Studies from New York University.  She is a well-regarded expert and speaker specializing in the art market and collecting.

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