With countless galleries, art fairs and art auctions across the UK, it can be difficult to find the right place to buy art – and even more difficult to know which art is profitable. If you’re considering investing in art, then chances are, you’re considering hiring an art advisor or liaising with an art consultant. However, you may be wondering whether speaking to an art advisor is worth it.
This is what we are going to explore in this blog – the benefits of working with an art advisor when investing in art. Read on to learn more about the role of an art advisor, and some top reasons why you need an art advisor if you’re looking to invest in art.
What is An Art Advisor?
An art advisor is somebody with vast experience or knowledge in the world of art. They have the skills needed to evaluate artwork, as well as the ability to determine whether a piece of work is authentic and of high quality.
Often, art advisors have a professional background in the industry, whether it be working in a museum or art gallery, or experience managing art. Ultimately, an art advisor has an eye for art – and can advise you on the best art to buy. If you’re a client looking to sell artwork, an art advisor can advise you as to the best places to sell your artwork, the best time to sell, and how to sell to maximise profit.
Art Advisor vs Art Dealer
Art advisors and art dealers both have the knowledge to create a quality art collection – however, art advisors and art dealers represent opposing sides. Art dealers have a responsibility to the artists they work with as well as the collection of art.
An art advisor, however, works for a client – and acts as an unbiased guide that helps a client obtain a piece of artwork or build their collection. Now you understand the difference between art advisors and art dealers, let’s discuss what an art consultant does, and how the role differs from advisory and dealer services.
An art consultant focuses primarily on contemporary art as well as commissioning work for certain projects – and art advisors will deal with individuals to build their collections, whether it be for investment or aesthetic purposes.
The Benefits of Consulting With an Art Advisor
There are many benefits to consulting with an art advisor. Ultimately, an art advisor can help you to navigate the world of art. You may be looking to buy your first piece of art, or you may be looking to grow your collection – there are many reasons why you may wish to liaise with an art advisor.
The art market can be intimidating, especially if you’re new to the scene. In the industry, knowledge is everything – an art advisor can use their wealth of knowledge and experience in the industry to ease the process for you.
Likewise, the art market is considered a highly relationship-based world, and art advisors typically have a strong network of valuable connections you can benefit from. Read on for some of the key benefits, from gaining a further understanding of the industry to discovering more profitable pieces.
An Art Advisor Can Help You Understand The Art Market
Art advisors have a firm knowledge of not only the art market but the history of art – art advisors will also have a grasp of the international art market. It’s no secret that the art market is always evolving, and a quality art advisor can keep you up to date with changes in trends.
It takes time to build extensive knowledge of the art world, and it can be difficult to navigate your way around the art market, even if you’re an avid art collector.
With an advisor, you can not only gain further knowledge of art but spend more time enjoying investing in art and owning a collection of art you love. Working with an industry expert can ultimately give you the best chance of acquiring art at the right price – or selling at the right moment to achieve a profit.
Art Advisors Understand What is Profitable
As well as having a vast knowledge of art history, art trends and artists, art advisors also understand what artworks are profitable. It can be taught to know which pieces to invest in if you’re looking to make a profit, and several factors can increase the chances of successful art investment.
For example, personal connections, knowledge, experience, and business activities can all work towards a profitable investment. These are all tools in an art advisor’s arsenal – an art advisor can use their connections, expertise, experience, and more to gain an insight into blue-chip artists with works on the market, as well as emerging artists whose art is set to rocket in value.
Art Advisors Have Valuable Industry Connections
Experts in the art industry have spent their lives building and maintaining professional relationships with not only artists but galleries, auction houses, investors and private collectors.
As a client, you can make the most of your advisor’s connections and be a step ahead of others without a large network on hand. A seasoned art advisor can help to look out for profitable opportunities and match you with the right buyer or seller at the right time.
Art Advisory Services at Grove Gallery
At Grove Gallery, we understand how difficult it can be, not only to find art at the right price and sell at the right time, but to understand the complex workings of the global art world. This is why we offer expert and impartial art advisory services.
You can take advantage of our wealth of experience and knowledge to source both primary and secondary pieces of art that you can invest in. Our team of professionals can help our clients generate an average of 8% – 12% profit from contemporary art annually, guiding you through the process from start to finish.
Overall, this can increase the chance of success in your investments. Our relationship doesn’t have to end once you’ve purchased a piece of art – we can help you to build your portfolio and help to sell your art to make a sizable profit.
Explore our London gallery today to see our artwork in person – or if you wish to learn more, you can contact our team at 020 8103 4905, or download our art investment guide here.