Art Collecting Today

The art market is opaque and confusing to even the most experienced collectors. It is a lightly regulated market in which insiders have a substantial advantage over collectors. What are the best ways to evaluate, buy, and sell fine art while avoiding costly mistakes and time-consuming roadblocks? Wh [...]
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The art market is opaque and confusing to even the most experienced collectors. It is a lightly regulated market in which insiders have a substantial advantage over collectors. What are the best ways to evaluate, buy, and sell fine art while avoiding costly mistakes and time-consuming roadblocks? What are the behind-the-scenes business practices that cost collectors money? In Art Collecting Today, industry expert Doug Woodham distills his decades of experience into an indispensable guide for collectors and industry professionals to the ins and outs of the fine-art market. Informed by the author's time as president of the Americas for Christie's Auction House, one of the world's leading art businesses, the book illuminates how to navigate the art market--from what collectors need to know when they buy art through galleries, auction houses, art fairs, and art advisors to how the art market puts a price on works of art for sale. Lessons from top collectors and industry insiders will teach seasoned and new collectors alike strategies to achieve their collecting goals while avoiding the pitfalls and scoundrels.Detailed chapters include such important topics as: How technology is driving democratization The demand for recognizable ("brand name") art An increase in demand for work by living artists The roles of galleries, auction houses, and art advisors How recent trends are impacting the market What factors one should consider when buying a piece of art When it's time to start selling art The impact of taxes on art collecting Grounded in real-life stories from the field, Art Collecting Today is the essential practical guide to navigating today's fine-art market.