1. What is your background?
An art advisor should have extensive knowledge and experience in evaluating artworks, negotiating purchases, and handling logistics from the beginning to the end. As there isn't any certified license to be an art advisor, an art advisor should have been trained professional academically in the areas of Art History, Museum Study, and/or Art Business. Qualified experience would be with galleries, auction houses, museums, corporate collection acquisition, and other art consulting firms. Don't believe in referral only.
2. What's the process for hiring an art advisor?
The first step is an introductory session to be familiarized with your need. Contact the potential advisor with your goals such as buying for specific spaces, completing a collection with a certain focus, starting a project to build a family collection and so on. Generally, you will have an initial in-person meeting to determine taste, areas of interest and to see what kind of art you enjoy and wish to purchase. Jung & Co. is based on New York, but is available to proceed by telephone and email. Then, it enters into confidential art advisory contracts.
3. What's the best way to start collecting?
If you are not sure about your taste or direction for your collection, first off, educate yourself by going to museums and galleries in a local area. Do a guided tour or take advantage of less-expensive audio guide to get more information than mindlessly stroll down the exhibition hall. Ask questions to the museum docent or gallerists. Refine your taste and idea to be ready to build a long-term collection. Imagine what you would like to become. Would you like to surrounded by certain style, color, aesthetic? (MENTAL IMAGE). Are you looking to build an important collection that will gain value, or just to find art you love? The best way to start is seeing good art a lot.
4. What mistakes do new collectors make?
Buying something that has expensive name tag. Also, skipping the safety measure. Damage happens during the transit the most. I strongly advise you to use fine art bonded handler and shipper which is the only way to insure your artwork from damage.
5. Do I need extra insurance for my collection?
Yes. Usually, your homeowner policy doesn't cover your art collection and even if it is somewhat covered it is not as comprehensive as the fine art insurers like AIG, AXA or Chubb can provide. Jung & Co. can
6. What should I expect to get when I purchase the artworks?
Make sure you have a certificate of authenticity from where you purchased the work. Ask any printed or electronic materials about the artist and the work such as art books, exhibition catalogs, and press coverages. Artist's CV is going to evolved over time, however, it is good to have it. If there is any specific instruction to take care of the artwork, especially for sculpture and installation works, consult the gallery personnel or artist.
7. Is there a written agreement?
Think of your lawyer and accountant. Your advisor will handle many details of acquiring your property. The agreement should reflect the details like the hourly rate, type of service, and how long the payment or retainer extends. For example, if the advisor not only assists acquisition of artworks but also handles archiving the information in the internal system, it would be extra and it should be discussed when you are drawing a written agreement.
8. What segments are undervalued?
9. Where are the best places to buy art?
10.