The act of investing in art and collecting has been rapidly rising in popularity over the years, with more and more people looking to invest in art than ever before on a global scale.
With the increase in art collectors and avid art buyers comes the demand for a good art advisor to help those along their art-buying journey.
In this article we are going to explain what an art advisor is and how you can benefit from having one, along with the difference between an art advisor and an art dealer – so read on for more information on this.
What Is an Art Advisor?
An art advisor is a professional who helps art collectors and investors find the right pieces to suit their budgets and their needs.
A great advisor of art can help with art acquisitions and be an art consultant for those with a private collection whilst being well versed to be able to offer valuable art investment advice and top tips on building an art collection.
What Does an Art Advisor Do?
The role of an art advisor can differ slightly depending on the type of client they are working with. Take private collectors for example – with private collectors, art advisors will often be the curator and will help the client by offering them pieces that fit their personal taste or interests when it comes to art.
Art advisors can also help by advising on the framing, lighting and conditions in which to store the artwork for the perfect storage and display solutions.
For those looking for some serious art investments, art advisors can advise on what art to purchase and when to purchase art for the maximum profits to be made on art.
Many art advisors will have a type of art that they specialise in. Therefore, you need to be matched with the right type of advisor who can meet your needs specifically, and help you with what you are looking for while accommodating your art tastes.
How Can I Benefit From an Art Advisor?
You will benefit from having an art advisor if you are wanting to invest in or purchase art. This is because the art market and the art world can be difficult to navigate, so having an expert in the art field by your side can help you when making important investment decisions.
Similar to having a financial advisor helping you, by advising what to invest your money in, an art advisor can do the same but in regards to art. From the information your art advisor has given you, you can make an informed and confident choice about what art you want to invest in.
You may be interested in contemporary art, rare art, blue chip artists or up-and-coming artists and therefore acquiring art with the help of an art advisor who specialises in one of these fields can really help you.
Whatever you are after, buying and collecting art is fun and an enjoyable experience, gaining an art advisor to help you along the way can help you with your journey of investing in art and adding to your collection. Ultimately, an art advisor can tell you everything you need to know about investing in art.
Art Advisor vs Art Dealer – What’s the Difference?
Both art advisors and art dealers have to be experts in art and have extensive knowledge of art history. An art dealer has a responsibility to represent the artist’s work, when the art dealer manages to sell the artist’s work they will take a percentage of the sale price of the art piece, this can range anywhere between 20% – 40% of the final price.
An art advisor works for clients, providing them with all the information they need on the art they are interested in, giving them neutral advice and guidance on the process of acquiring a piece of art and building on their collection.
The key takeaway to understanding the difference between an art advisor and an art dealer is, whilst they both have the expertise which allows them to help someone create a collection of art, the fee structure is different for each.
An advisor and a dealer are compensated from different sides. The fee for an art dealer comes from the sale of the artwork whereas an art advisor’s fee comes from the paying client.
An Art Advisor’s Process
When identifying an art advisor to help you with buying art, there are likely to be the following main steps to the process.
Your art advisor will need to discuss what you are hoping to achieve from working with them and how you wish to add or build your art collection. In this stage, your advisor will learn more about your tastes.
Your art advisor will research all suitable artwork available for you once they have gotten to understand your needs. They will look at art within galleries, art fairs and art auction houses too.
Art advisors have a lot of contacts and a great network of artists and dealers to find their clients the perfect pieces of artwork that are specifically great for their tastes and budget.
Upon finding art that is suitable for their client, art advisors will present it to you in the form of an art proposal. You, as the client, will be able to ask any questions about the artwork at this stage.
Final Decision and Acquisition
You will be able to make the final decisions about the artwork your advisor has found, deciding whether or not to purchase any art pieces. Art advisors can get help with negotiating a fair price for you. They can also help with the framing of the art, handling and shipment.
How Grove Gallery Can Help
Grove Gallery can help you if you need an art advisor. We are a trusted London art gallery and we have experience working with clients from across the globe. We have dedicated advisors ready and waiting to help you with your art investing journey.
Art advisors are an indispensable tool that any art buyer should take advantage of if they are serious about creating the perfect and most worthwhile collection. Using an art advisor’s guidance will help to enhance your home with art and enrich your future investments and finances.
Whoever you are, whatever your background is, or your experience with art, we are open and willing to help all. Whether you are an art collector or investor, we can help you all year round so get in touch with us at Grove Gallery today.