Filtering by Category: art collector
Holiday Art Sale
Artists keep 80% profit
Here is a list of Art Fairs happening in New York City in March 2017: Spring/Break Art Show, NADA, Independent, ADAA, the Armory Show .... Volta, Scope and a few more not listed here...Read More
Part II : Where to Go + What You'll Find
If you live in New York, Miami, London or another metropolis that hosts annual art fairs, rejoice. If not, start booking your tickets. Cultural tourism is exhilarating! Buying artwork while on vacation is more memorable than a souvenir. And unlike that salt water taffy on your shelf, it may increase in value. This is an opportunity to rub elbows with dealers, collectors and artists from all over the world. What are you waiting for?
Usually, there is one primary fair and many satellite fairs. Art Basel and the Armory Show are examples of primary fairs, and the biggest players in the artworld attend including blue chip galleries from around the world, collectors building a legacy, top critics, artists represented at the fair, and hordes of art students. Because of this, the primary fair is typically crowded, expensive and elitist. If you are already entrenched in the artworld, you know that this comes with the territory. If this sounds intimidating, read on.
Art Fairs are like bison,
they travel in herds.
Choosing which fairs to attend largely depends on your goals. For example, are you looking to acquire a piece of artwork from China or Europe? Well, you can save thousands on international shipping if you buy an artwork on display during the fair, assuming you live nearby, you can use proximity to your advantage. This is just one example of the ways you can benefit from attending an art fair, but we suggest you do your homework.
Research ahead of time, your Future Self will thank you
-Select galleries you would like to work with
-Select artists you would like to collect
-If you MUST HAVE a certain piece, go to the VIP Preview and claim it before someone else does
-If you already have a relationship with the gallery showing the artwork you desire, contact the dealer in advance to arrange a time to stop by
-If you trust your taste already, go to the newer fairs
We suggest going to one fair that has museum quality work as well as one of the more cutting edge fairs. This allows you to learn about contemporary art that has already been tested by the market + art made last month in a loft in Brooklyn. You will witness tight professional exhibits and the exchange of huge sums of money, eavesdrop politely, and possibly chat with dealers or other collectors. Fairs like Volta or Pulse have collectible work in a more relaxed environment. As New Yorkers who have access to blue chip galleries and museum exhibits year-round, we prefer the edgier art found at Spring/Break Art Show, Independent and NADA.
An artist’s reputation, and sales record in the art market sets the price tag, which can rise exponentially from one year to the next. If you can’t tell the difference between Mike Kelley and a new grad from Cranbrook, hold onto your Amex and seek the professional advice of an art advisor. Nudge nudge, we can help ;)
We at Neesh have our favorite fairs, and our bias leans towards those that appreciate and promote emerging art. If you are a new collector, on a budget, or just wanna see what’s available, feel free to reach out to us.
Part I : Why You Should Go + What to Expect
Art Fairs provide us with an exhaustive selection of what's hot in the international art scene. Or at least, what is for sale. This gives new collectors the opportunity to meet face-to-face with gallerists (also called dealers) and learn about the work on display. The gallery scene can be intimidating, so if you are looking to get your feet wet & learn about contemporary art, this is a great place to start. If you are serious about collecting, you already know that much of the most desirable work is claimed at VIP Previews.
If this is your first time venturing to art fairs, there is a great explanation in Forbes regarding tickets, protocol and what to wear. You will have to wait until next December for Art Basel Miami Beach, but scroll down to the 7 ESSENTIAL TIPS FOR ATTENDING AN ART FAIR.
Collectors flock from all over the globe to attend the fairs, and competition is stiff. In fact, some galleries won't sell to a new collector unless they are introduced by someone they trust. This makes sense if you consider that artwork represents the culture of our time! Assuming it grows in value as a cultural object, both the artist and dealer hope that it will be shown in museums, and may call on you (or your children) decades from now to loan the art for serious exhibitions. Dealers have the goal of optimizing the return on investment for all. Respect that.
Building a relationship with an artist or dealer takes time--money alone may not be enough to win the prize. The international artworld takes itself very seriously. These are not just pretty pictures. Think of the role of a collector as the caretaker of the artwork. No matter how you approach collecting, you have to gain the trust of those selling to you.
Now that you know the basics, how do you choose your fairs? You probably can't (or don't want to) see them all. We suggest a few tactics in the next article, click here.
Why hog all of this know-how? If you are serious about learning more about how art is made, displayed and collected, we have started a list of must reads, tools of the trade, and general supplies we find useful. Click the button below.
Want to learn more about a particular topic? We are building our list. Care to recommend an art book, tool or resource? Get in touch.