Handicapping Auction Prices for Andreas Gursky Photographs
The buyer on the phone wouldn’t give up. The floor was mobbed at Christie’s New York 2011 evening auction, but where was this collector? The pretty 25-year-old on a corded phone nodded to the tuxedoed...
View ArticleImpact an Artist Career Has on Sales
There are no guarantees for the financial performance of an artwork. The art market is highly fragmented and each micro-market within the art market, both for living and deceased artists, is subject to...
View ArticlePast Results: No Guarantee of Future Performance
Volatility is an intrinsic part of any financial market. It can negatively affect investors’ confidence, but it can also be a positive phenomenon because it provides arbitrage opportunities for those...
View ArticleArt and Taxes, Part I: Sales and Use Tax for Art Buyers
There are few financial decisions these days that do not involve taxes. Buying, owning and selling art all generate significant tax liabilities that art collectors, particularly art investors, need to...
View ArticleNovember Auctions in New York Show Market Strength
Twice a year, collectors, art aficionados and art advisors congregate in New York to witness the world’s top artworks go on the block at Christie’s, Sotheby’s and Phillips. Between the three houses,...
View ArticleArt and Taxes Part II – Selling Art: Capital Gains
There are few financial decisions these days that do not involve taxes. Buying, owning and selling art generate significant tax liabilities that art collectors need to be aware of. This is the second...
View ArticleAt Auction: Highlights in the London Art Auctions this February
There is much unrest in the auction world as competition for market share of the $65 billion or so global art market continues to intensify. Guarantees to sellers are now commonplace at the...
View ArticleArt and Taxes Part III: Impact of Estate Taxes on Art Ownership
There are few financial decisions these days that do not involve taxes. Buying, owning and selling art all generate significant tax liabilities that art collectors need to be aware of. This final...
View ArticleDebunking an Art Myth: Is the Art Market Uncorrelated to the Financial Markets?
Proponents of art investment often claim that the art market is uncorrelated to the financial markets. Therefore, they argue, art is an excellent portfolio diversifier and a certain percentage of your...
View ArticleArt Purchases: Art Auctions and Art Fairs Examined
Art collectors contemplating their first major art acquisition may have walked into a couple of previews at the New York auction houses or attended art fairs during Art Basel Miami Beach Week, The...
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