As the Art Industry Has Ballooned, So Has the Number of People Claiming to Be Expert Advisors. Here’s How to Tell If They Actually Are
A collector s relationship with an art advisor can be extremely rewarding or discouraging.
Megan Fox Kelly. Photo: Lauren Kallen
Four months ago, an investment advisor for a family office approached us to consult on a collection of contemporary art that her clients had been building with the help of an art advisor. The majority of the works were by curatorially well-regarded artists who have dominated the market over the past decade and have seen their prices consistently rise. Yet after a recent appraisal, the clients were surprised to learn that many pieces were valued for far less than what they’d paid even though their art advisor had led them to believe that the works would increase in value.