leslierankow

Contemporary and Modern Art Advisory Service

A focus on quality: Van de Weghe Fine Art’s exhibition history

ALEXANDER CALDER
Three Segments, 1973
Hanging Mobile
VAN DE WEGHE FINE ART
November 2001 – January 2002

THE ART MARKET EMBRACES MANY WAYS OF DOING BUSINESS. PRIVATE DEALERS AND GALLERIES OFTEN CONCENTRATE ON A PARTICULAR MEDIUM, SUCH AS PRINTS OR PHOTOGRAPHY, A SPECIFIC PERIOD RANGING FROM OLD MASTERS TO CUTTING-EDGE CONTEMPORARY ART, OR A DISTINCT GENRE SUCH AS REPRESENTATIONAL OR ABSTRACT. AN ESSENTIAL DECISION FOR A GALLERIST OR DEALER IS WHETHER TO REPRESENT WORKS FROM THE PRIMARY OR SECONDARY MARKET AS A DIFFERENT SET OF CONSIDERATIONS FACTOR INTO THAT DEFINING CHOICE.

 

FRANK STELLA
Catal Hüyük (level VII) Shrine VII .45, 2000.
Aluminum and stainless steel
12’8″ x 14’4″ x 11’2″ (3.86 x 4.37 x 3.4 m)
VAN DE WEGHE FINE ART
November 2001 – January 2002

THE FIRST SALE OF A WORK OF ART EITHER FROM AN ARTIST’S STUDIO OR FROM A GALLERY DEFINES THE TERM “PRIMARY MARKET”. THE “SECONDARY MARKET” REPRESENTS WORKS THAT HAVE ALREADY BEEN SOLD AT LEAST ONCE AND FIND THEIR WAY BACK ONTO THE MARKET. THERE ARE MANY REASONS COLLECTORS CHOOSE TO DEACCESSION A WORK APART FROM THE OBVIOUS LIQUIDATION OF AN ASSET, AMONG THEM THE OPPORTUNITY TO UPGRADE TO A MORE SIGNIFICANT WORK BY THAT ARTIST, TO PROFIT FROM A SIGNIFICANT SURGE IN THE VALUE OF THE WORK SINCE ITS INITIAL PURCHASE OR TO DIVERSIFY THE HOLDINGS IN THEIR COLLECTION.  SOME GALLERIES DEPEND ON SECONDARY MARKET SALES OF ESTABLISHED ARTISTS OR ARTISTS’ ESTATES TO SUPPORT EXHIBITIONS OF WORKS BY THE EMERGING OR CUTTING-EDGE ARTISTS THEY REPRESENT.

THE ULTIMATE CRITERIA FOR WORKS IN THE SECONDARY MARKET IS QUALITY : THE SIGNIFICANCE OF THE WORK IN THE CONTEXT OF THE ARTIST’S OEUVRE, PROVENANCE, ITS EXHIBITION HISTORY, CONDITION, AND RARITY IN THE MARKET.

AS A DEALER AND GALLERIST, SINCE ITS OPENING IN 2000, VAN DE WEGHE FINE ART HAS FOCUSED ON SECONDARY MARKET WORKS OF ART, SETTING THE HIGHEST STANDARD OF WORKS OF IMPECCABLE QUALITY BY ESTABLISHED MODERN AND CONTEMPORARY MASTERS IN THE CONTEXT OF EXHIBITIONS THAT DEEPEN OUR UNDERSTANDING OF THESE ARTISTS.

THE LRFA BLOG IS VERY PLEASED TO WELCOME CHRISTOPHE VAN DE WEGHE BACK.

CHRISTOPHE, IN 2001 YOU OPENED A BEAUTIFUL, EXTENSIVE SPACE ON 23rd STREET IN CHELSEA WITH AN INAUGURAL EXHIBITION OF MONUMENTAL SCULPTURE BY FRANK STELLA, RICHARD SERRA AND ALEXANDER CALDER.

RICHARD SERRA
Kamakura Keystone, 1987
3 Hot-Rolled Steel Plates
VAN DE WEGHE FINE ART
November 2001 – January 2002

HOW DID THE MOVE FROM YOUR FIRST GALLERY ON EAST 76th  TO MUCH LARGER QUARTERS AFFECT YOUR EXHIBITION PROGRAM?

I decided to buy the space in Chelsea, and closed on September 13, 2001. I was crazy to do it then but I made the deal with the broker, Howard Reed, shook his hand, and did it! 

I have kept my concentration on the secondary market, specializing in work by modern, post-war and contemporary European and American artists. The gallery offers historically focused exhibitions, all accompanied by publications, that impact art historically as well as on the secondary market. It is my intent to promote works of quality, offer scholarship and value to our collectors.

http://www.vdwny.com

RICHARD SERRA
Where I’ve Always Come From, 1969/1981
VAN DE WEGHE FINE ART
February – May 2002

WHAT WERE SOME OF THE EXHIBITIONS IN THE 23rd STREET GALLERY THAT RESONATE THE MOST STRONGLY WITH YOU?

In February 2002, the gallery presented Richard Serra’s Prop sculptures. The exhibition was the first to focus on this dimension of his work, one of the most important series in his oeuvre. These sculptures are formed as metal plates, bars and falls of lead or steel. As a young man, Serra first encountered the material, lead antimony, used in commercial sheet metal, pipes and castings when working as a young man at steel mills and shipyards  to help send himself to school.

I wanted to deal with the volume, weight, mass, and directionality of the space … to make the volume of the space tangible, so that it is understood immediately, physically, by your body; not so that the sculpture is a body in relation to your body, but that the volume, through the placement of the sculptural elements, becomes manifest in a way that you experience it as a whole.–Richard Serra, 1992, Art of Our Time: 1950 to the Present, Walker Art Center. 

The exhibition was an incredible monumentally scaled installation involving a whole crew and engineering specialists. Our gallery walls needed to be reinforced to sustain the weight of the sculpture.

BRUCE NAUMAN
Neons, Sculptures, Drawings
Van de Weghe Fine Art
October 17 – December 14, 2002
Installation view

Another exhibit I was very pleased to organize was a historical exhibition of the works of Bruce Nauman. Nauman’s contribution to the aesthetic practice at the turn of the 21st Century has been nothing short of astounding. He has really been a sort of father figure for contemporary artists in the same way that Picasso was for his generation. He was a pioneer of new media such as video in the 60s and installation in the 70s and the exhibit included a wax version of Nauman’s iconic Henry Moore Bound to Fall, two early resin and fiberglass works from 1965 and a wonderful array of over twenty works on paper including a seminal group of drawings from the 60s based on the artist’s body as well as large-scale works that relate to his neons and sculptures.

 

ANDY WARHOL
Self-Portraits 1963-1986
Van de Weghe Fine Art
Installation view

An exhibition of which I am particularly proud is Warhol Self-Portraits: 1963 – 1986, that we held in April/May 2005. It was the first New York show devoted to Warhol’s images of himself and included  more than thirty-five paintings, with examples of almost all of the self-portrait images that Warhol made throughout his career.

I very much liked how many different variations exist. We would not be able to put together this exhibition today as the insurance would be prohibitive and I’m happy to have been able to do it when I did.

ANDY WARHOL
Self-Portraits 1963-1986, Van de Weghe Fine Art
April 20 – May 27, 2005

IN OUR NEXT POST, CHRISTOPHE WILL CONTINUE TO TRACK THE HISTORY OF GALLERY EXHIBITIONS.

CHRISTOPHE HAS A PARTICULARLY ASTUTE KNOWLEDGE OF  MASTER ARTISTS AND THE MARKET. DO TAKE THIS OPPORTUNITY TO POSE ANY QUESTIONS YOU MIGHT HAVE.

THANK YOU ALL FOR FOLLOWING THE LRFA BLOG!

 

 

Setting a high standard: Van de Weghe Fine Art opens in 2000 with a Warhol exhibit

Current Exhibition
HENRIQUE OLIVEIRA
Van de Weghe Fine Art

THE ART EMPIRE CREATED BY LARRY GAGOSIAN IS OFTEN SCRUTINIZED AND ANALYZED AS ARE MOST HIGHLY SUCCESSFUL OPERATIONS IN EVERY INDUSTRY. IN 2016, PHAIDON PUBLISHED “MANAGEMENT OF ART GALLERIES”, A UNIQUE RESEARCH PROJECT ANALYZING THE INNER LIFE OF ART GALLERIES BY MAGNUS RESCH, ART MARKET ANALYST, TECH ENTREPRENEUR AND PhD IN ECONOMICS. ONE OF THE UNDISPUTED CHARACTERISTICS OF GAGOSIAN’S SUCCESS, A NETWORK OF 16 OUTSTANDING GALLERIES AROUND THE GLOBE, IS THE INDEPENDENT, ENTREPRENEURIAL SPIRIT OF ITS DIRECTORS.

https://www.amazon.com/gp/product/0714873268/ref=as_li_tl?ie=UTF8&tag=magnusresch-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0714873268&linkId=c7800f188d45652867475947b6ce55b9

CONFIRMED BY CAIT MUNRO IN AN ARTICLE ON ARTNET, AUGUST 5, 2015:

With spaces all over the world, Gagosian relies on a team of trusted directors to manage day-to-day operations and liaise with big-name artists and collectors. Each employee is reportedly assigned to manage an artist, while collectors are assigned to whomever they dealt with upon first contact.

IN 2015, JOURNALIST BRIAN BOUCHER, A CONTRIBUTING EDITOR TO ARTNET news TOOK A LOOK “INSIDE GAGOSIAN GALLERY’S TALENT FACTORY”, TRACKING THE PROFESSIONAL ACCOMPLISHMENTS OF “FORMER STAFFERS WHO HAVE GONE ON TO DO GREAT THINGS ON THEIR OWN”.

THE ARTICLE WOULD NOT HAVE BEEN COMPLETE WITHOUT A PROFILE ON CHRISTOPHE VAN DE WEGHE, FOUNDER AND OWNER OF VAN DE WEGHE FINE ART, 1018 MADISON AVENUE, BETWEEN 78th AND 79th STREET IN NEW YORK.

http://www.vdwny.com/

Christophe van de Weghe

Christophe van de Weghe, New York dealer

After spending seven years as a salesman with Gagosian, from 1993 to 2000, Christophe van de Weghe has gone on to run a Madison Avenue gallery. Van de Weghe exhibits at top art fairs like Frieze Masters, Art Basel, TEFAF and FIAC. He deals in modern and contemporary artists from Carl Andre and Francis to Rudolf Stingel and Christopher Wool.

 

Carl Andre
Third Copper Square, 2007
Andre / Calder/ Judd
August 1 – September 2, 2010

When asked what was the best thing he learned from the master dealer, Van de Weghe was unsentimental: “How to buy and sell artwork!”

One thing you probably didn’t know about the Belgian-born dealer is that from 1986 to 1989, he was an accomplished professional tennis player, ranked among the top 500 in his class worldwide by the Association of Tennis Professionals, he told artnet News.

https://news.artnet.com/market/gagosian-gallery-art-world-talent-factory-349742

CHRISTOPHE, WELCOME BACK TO THE LRFA BLOG. TO CONTINUE…

GAGOSIAN IS AN EXTREMELY POWERFUL INTERNATIONAL FORCE IN THE ART WORLD, REPRESENTING ARTISTS’ ESTATES, ESTABLISHED CONTEMPORARY MASTERS AND CONTEMPORARY ARTISTS WITH ACKNOWLEDGED CRITICAL AND COMMERCIAL RECOGNITION.

WHAT PROMPTED YOUR DECISION TO LEAVE AND OPEN YOUR OWN GALLERY?

After seven years, I had accumulated great experience and was doing well financially, but it was in me to have my own business. I had an entrepreneurial spirit from the start, liking the challenge of taking risks.

In 2000, I had heard about a small space on 76th Street between Park and Madison that housed Per Skarstedt, and I was very interested. After seven years, it was time to do it! I asked Larry if he would have lunch with me and told him I wanted to show him something, that I wanted him to see a space and was thinking about opening my own gallery. “I need your blessing, Larry, everything I know, I’ve learned from you and it is very important that you agree it’s time to fly with my own wings. There was one artist, in particular, that I was very close to that I wanted to exhibit. Larry said it was a very good idea and to do it. My first sale, in partnership with Larry, was a Warhol and it sold quickly. 

 

ANDY WARHOL: Works on paper from the early 60’s
An illustrated catalogue, with an essay by Gerard Malanga, who worked with Warhol during the ‘60s

THE INAUGURAL EXHIBITION AT VAN DE WEGHE FINE ART IN NOVEMBER-DECEMBER 2000, WAS ANDY WARHOL: WORKS ON PAPER FROM THE EARLY 60s. EVERY WORK WAS FIRST-TIER, WARHOL’S MOST ICONIC IMAGES:  THE CAMPBELL’S SOUP CANS, DOLLAR BILLS, AD LOGOS AND CELEBRITY PORTRAITS. THE EXHIBIT INCLUDED RARE, HAND-MADE WORKS ON PAPER AS WELL AS UNIQUE SILKSCREENED IMAGES. THE EXHIBIT WAS DOCUMENTED WITH AN ILLUSTRATED CATALOGUE WITH AN ESSAY BY GERALD MALANGA WHO HAD WORKED WITH WARHOL DURING THE 60s.

CHRISTOPHE, YOU SET A PRECEDENT WITH THIS EXHIBIT IN LAUNCHING SHOWS WITH HISTORICAL SIGNIFICANCE AND CURATORIAL IMPORT. HOW DID YOU DECIDE ON THIS SHOW AND WHAT DO YOU RECALL OF THE PUBLIC’S RESPONSE AT THE TIME?

When I opened the exhibit on 76th Street with Warhol’s Works on Paper From the Sixties I was able to obtain some great loans culled from a number of private collections. The exhibit provided a great opportunity to document Warhol’s talent as a draftsman and his experimental use of techniques that trace his path from the handmade to the ready-made.

One day during the show, I was sitting in my office and two people called, one a prominent Hollywood star and the other a famous singer in a well-known band. I was very proud that these people, whom I didn’t know, would call me to ask about the exhibit and that I had taken the leap to have my name on the door.

I soon outgrew the space and moved to 23rd Street between 10th and 11th Avenue in Chelsea.

LVR ASIDE TO CHRISTOPHE

I remember stopping by 76th Street to see an exhibition and visit with you. You sounded me out about taking a big space in Chelsea. I must have been playing devil’s advocate (“the voice of reason”) and I clearly remember your reply. 

This is the right time for me to do this. I have no wife and children yet and can take the risk”.

It rang so true. I was impressed by Christophe’s self-awareness and sense of purpose. I was certain the move would be expansive in every sense.  It is so nice when one’s powers of prediction prove  true – and in this case, it was accurate and  then some!

 

VAN DE WEGHE FINE ART
2003
521 West 21st Street

IN OUR NEXT BLOG POST, WE WILL TRAVEL TO CHELSEA AND THE OPENING OF VAN DE WEGHE FINE ART IN A  4000 SQUARE FOOT GALLERY SPACE. THE NEW LOCATION AFFORDED THE GALLERY THE OPPORTUNITY  TO PRESENT  MORE EXTENSIVE EXHIBITIONS AND SIGNIFICANT LARGE-SCALE WORKS.

PLEASE JOIN US!

An introduction to Christophe van de Weghe, international art dealer and New York gallerist

Christophe Van de Weghe

CHRISTOPHE VAN DE WEGHE LAUNCHED VAN DE WEGHE FINE ART IN 1999 WITH A STELLAR EXHIBITION OF ANDY WARHOL WORKS ON PAPER FROM THE EARLY 60s.

Andy Warhol
Works on paper Installation

FROM ITS INCEPTION TO THE PRESENT DAY, VAN DE WEGHE FINE ART SETS THE HIGHEST STANDARD OF EXCELLENCE IN EXHIBITING SECONDARY MARKET WORKS BY MODERN AND CONTEMPORARY EUROPEAN AND AMERICAN MASTERS.

IT IS TRULY A PRIVILEGE AND A PLEASURE TO INTRODUCE CHRISTOPHE, A TRUSTED FRIEND AND COLLEAGUE, TO THE LRFA BLOG. I HAVE ADMIRED HIM SINCE OUR FIRST ENCOUNTERS WHEN HE WORKED AT GAGOSIAN GALLERY AND HIS INTERNATIONAL RECOGNITION AND SUCCESS HAVE FAR SURPASSED EVEN MY INITIAL CONVICTION THAT HE WOULD BECOME ONE OF THE GREAT DEALERS AND GENTLEMEN IN THE ART WORLD.

PABLO PICASSO: Works on Paper, Van de Weghe Fine Art November 7 – December 17, 2013, Installation view

THE LRFA BLOG IS DELIGHTED TO SHARE THE GALLERY’S SEVENTEEN-YEAR HISTORY AND CONTRIBUTION TO OUR KNOWLEDGE AND APPRECIATION OF THE HISTORICAL SIGNIFICANCE AND IMPACT OF SUCH MODERN MASTERS AS PICASSO AND ALEXANDER CALDER AND CONTEMPORARY LUMINARIES AS BASQUIAT, WARHOL, KELLY AND SERRA.

http://www.vdwny.com

CHRISTOPHE, WELCOME!

YOU ARE ORIGINALLY FROM BELGIUM, A COUNTRY ALTHOUGH SMALL IN SIZE THAT ENJOYS A LONG AND IMPRESSIVE ARTISTIC TRADITION REFLECTING THE INFLUENCES OF BOTH ITS FRENCH AND DUTCH CULTURES.

WHAT WAS THE PATH THAT BROUGHT YOU FROM A CHILDHOOD IN EUROPE TO A LIFE IN NEW YORK?

I used to be a tennis player but I was injured when I was 18 ½ years old and has a serious back issue. I couldn’t play professionally for two years and had to have back surgery. I had been on a tennis scholarship at school and had traveled the whole world.

I didn’t want to go to college at all so I decided to go to California to attend Pepperdine University. The main campus is in Malibu with a 830-acre campus overlooking the Pacific Ocean. I shifted my sports to swimming and shifted my academy focus to art history. I was interested in art dealing and in the art that I viewed in museums.

DID YOUR FAMILY COLLECT ART? WHAT WERE YOUR FIRST POSITION IN THE ART WORLD? WAS IT ALWAYS IN THE GALLERY SECTOR?

My family were not collectors. My parents were divorced but my stepfather was a collector. My first job was my own business. When I returned to Belgium, I opened a small gallery by the sea, in the Belgian town called Knokke, which is located in the province of West Flanders.

Knokke was a seaside resort, a gathering place in the summer for some of Europe’s wealthiest families and attracted film celebrities such as Frank Sinatra, Maurice Chevalier and Marlene Dietrich.  The centerpiece of the town is a modern building, the Casino, that housed a wonderful mural, Le domaine enchante, a series of eight canvases that Magritte painted to fulfill a commission from Gustave Nellens, owner of the seaside Casino Communal at Knokke-le-Zoute in Belgium.

 

Rene Magritte Le Domaine Enchante Casino, Knokke

I began showing some American artists such as Ed Ruscha, whom I had met when I was in California and had become friends with the gallery dealer Jim Corcoran. Jim had introduced me to Ed Ruscha and I gave him a show in 1993. I didn’t sell anything at the time – the works were black and white with letters.

Edward Ruscha
The End #1
1993
Tate Modern

It was the early 90s and the art market was dead. The art gallery scene that flourished in the 80s was decimated by a recession and Jim Corcoran, whose gallery was the premier showcase for California artists such as Ed Ruscha, Billy Al Bengston and Kenneth Price, closed. Corcoran joined forces with the collector, Goldman Sachs chair, Robert Mnuchin, in a new gallery venture in New York, C&M Arts.

Larry Gagosian and Masa Takayama
Opening of Kappo Masa

WHEN WE FIRST MET AND BEGAN WORKING TOGETHER, YOU WERE A DIRECTOR AT GAGOSIAN GALLERY IN NEW YORK. HOW LONG WERE YOU WITH THE GALLERY AND WHAT WERE SOME OF THE PROFESSIONAL HIGHLIGHTS THAT STAND OUT FROM THAT PERIOD OF TIME?

At the time, the biggest gallery was Pace. I was interested, from the beginning, in the art market, the auctions and the New York art world. I attended a lot of sales, and would write down all the prices of the things that sold, analyzing what was selling, trying to determine why the art market goes up and the way in which it goes down. I’d always spend May and November in New York during the auction months, and one evening, at Nell’s, a popular bar/restaurant on West 14TH Street, I met Larry Gagosian.

Having just attended an auction uptown, I said to Larry, “You bought a wonderful David Hockney. I’d love to have a job with you. I think I can sell.” And he said, “Come by tomorrow and drop off your resume.”

I went by the gallery the next day and Larry looked at my resume. He told me I had zero experience, that I was a professional tennis player, but that he’d give me one month. “See what you can do”, he said. During that month, I made every appointment imaginable with potential buyers, went to every opening, and only on the very last day of the trial month, I sold a Basquiat for $50k- it was 1993. I gave Larry the invoice, put it on his desk, and said, “I’ve made a sale”. He said, “OK, I’ll give you a job at $30k a year plus 10% of the gallery profits.

 In three and one-half years, I was the top sales person. Larry had two galleries in New York, one uptown and one downtown and one in LA and had shows with David Salle, Phillip Taaffe, Warhol and Basquiat.

IN OUR NEXT LRFA POST, CHRISTOPHE WILL DISCUSS THE OPENING OF HIS FIRST GALLERY IN NEW YORK AND SOME OF ITS MANY EXCEPTIONAL EXHIBITIONS.

IN THE MEANTIME, BE SURE TO VISIT THE VAN DE WEGHE BOOTH #8 AT  TEFAF, AT THE PARK AVENUE ARMORY ON 57th STREET, THE ILLUSTRIOUS MAASTRICHT FAIR LAUNCH IN NEW YORK AND THE GALLERY.

https://www.tefaf.com/fairs/tefaf-new-york-spring

CURRENTLY, AT VAN DE WEGHE FINE ART, 1018 MADISON AVENUE, BETWEEN 78TH AND 79TH STREET, THE GALLERY HOSTS AN INSTALLATION BY THE BRILLIANT CONTEMPORARY BRAZILIAN ARTIST, HENRIQUE OLIVEIRA, WHOSE WORK CHRISTOPHE FIRST VIEWED IN PARIS. DON’T MISS IT!

Henrique Oliviera
Palais de Tokyo Installation
2013-2016

 

HENRIQUE OLIVEIRA
Drawing for the Present Installation, 2017
Van de Weghe Fine Art

Taxes: present and future with art business specialist, CPA Steven Goldglit

PASSING A BUSINESS FROM ONE GENERATION TO THE NEXT IS USUALLY A GRADUAL PROCESS RATHER THAN A SINGULAR EVENT OFTEN COMPLICATED BY FAMILY DYNAMICS OR THE DIFFICULTY OF THE FOUNDER TO PASS ON THE TORCH BUT SUCCESSION PLANNING IS A CRUCIAL COMPONENT FOR ANYONE INTERESTED IN LEAVING A LEGACY.

IN ENTREPRENEUR.COM, SERIAL ENTREPRENEUR MARK TOREN WRITES:

One great benchmark of leadership is to create your legacy and then step away from it to ensure it goes on without you. If you leave and your legacy goes with you, then the vision wasn’t big enough. To create a legacy strong enough that when you step down, the dream carries on, you should be thinking about autonomy and your personal exit strategy at all times to test weaknesses and holes in your big vision. 

https://www.entrepreneur.com/article/231855

TODAY’S LRFA BLOG POST EXPLORES THIS QUESTION WITH TAX EXPERT AND CPA STEVEN GOLDGLIT.

GOLDGLIT & COMPANY, WAS ORIGINALLY FOUNDED AS A PARTNERSHIP BETWEEN STEVEN AND HIS FATHER, A BUSINESS IN WHICH SHARED VALUES, MUTUAL RESPECT AND THE SPECIALIZATION OF TAX AND BUSINESS PLANNING FOR THE ART WORLD, CREATED A SUCCESSFUL SYNERGY.

http://www.goldglit.com/about

STEVEN, CREATIVE WORK IN GENERAL, THE ROLE OF AN ADVISOR OR DEALER, OR THE IDENTITY OF A GALLERY SEEM SO CLEARLY ASSOCIATED WITH A SINGULAR VISION. DO MANY GALLERIES AND ART-RELATED BUSINESSES HAVE BUYERS? CERTAINLY INVENTORY IS A CONCRETE ENTITY THAT CAN BE EVALUATED BUT HOW IS THE REPUTATION OF THE BUSINESS AND ITS ARTIST AND CLIENT BASE (AND WHETHER THEY REMAIN LOYAL TO A NEW OWNER) DETERMINED?

The sale of a gallery to an unrelated person is a very difficult transaction and you rarely see this put into action. Most change in ownership of a gallery is within a family between generations – Sonnabend, Pace, etc. Sales to outside persons are rare and tend to fail. As there are no contracts between Artists and Galleries and the continued representation of an artist by a gallery is based solely upon relationships, if the artists and collectors have no previous relationship or confidence in the new owner the gallery will fail. As such, 3rd party purchasers are very leery of the industry and galleries tend to have a measurable lifespan without turnover.

ONE OF THE CHARACTERISTICS OF YOUR FIRM IS YOUR AVAILABILITY, YOUR HANDS-ON ATTENTION TO CLIENT CONCERNS AND COMMITMENT TO OUR WELL-BEING. IS THAT A LEGACY THAT YOU INHERITED FROM YOUR FATHER? HOW WOULD YOU CHARACTERIZE THE STRENGTHS AND SPECIALTIES OF OTHER MEMBERS OF THE TEAM?

Yes, my father was very much like me in his approach to the firm and client needs. I like to see myself as extremely loyal to my clients and willing to do almost anything (legal of course) for them. I know they appreciate this about me and trust me with all aspects of their lives. I become friends with many of my clients and we rarely lose a client unless something goes very wrong. Our team at Goldglit & Company LLP takes its clues from me and treats our clients the same as I would. We try to never let a client down and always try to meet their expectations of how we should work for them. We are now 10 people at Goldglit & Company with more clients than ever before so our principles get challenged all the time, but we always remember how we should be treating our clients and working hard for them, and that always rises to the top. We have CPAs and Accountants with tax specialties, estate expertise and general accounting skills. Our staff is picked based upon how they can interact with our clients and by their strengths.

 

WHAT ARE YOUR PLANS FOR THE FUTURE OF GOLDGLIT AND COMPANY? DO YOU GROWING THE FIRM OR INCLUDING A MORE DIVERSIFIED CLIENT BASE?

I am very happy with the size of the Firm and do not think we will grow any more unless our client base continues to grow. We do work with new clients all the time but try to limit clients to the Arts – Galleries, Artists, and Designers. If a business does not have any ties to any of these fields I am not as aggressive to bring them on as clients. But exceptions always apply!  My 2 business partners have been bringing on new clients as well, but they always are tied to the Arts

 

WHAT DO YOU ANTICIPATE AS THE TAX REFORMS AND CHANGES WE WILL FACE AS INDIVIDUALS, SOLE ENTREPRENEURS AND CORPORATE ENTITITES IN THE YEARS AHEAD?

As mentioned earlier the new Administration has indicated a desire to lower tax rates – Corporate taxes, personal income taxes and capital gains tax. With the failure of the attempted restructuring of Obamacare (Affordable Care Act)it seems that amending the tax code and tax rates will be pushed further down the line for completion. But the Administration and Congress have clearly stated that lowering tax rates is a primary goal, one that will be addressed within the first 6-9 months of the new Administration. I do believe this will be accomplished in some form before the end of 2017, and if they are successful it may mean significant tax cuts for tax year 2017 and into the future, and all taxpayers need to be aware of this and plan accordingly.

NEW YORK CITY IS THE ART DESTINATION IN THE MONTH OF MAY WITH A FULL CALENDAR: THE FRIEZE ART FAIR, THE OPENING OF MAASTRICHT’S TEFAF AT THE PARK AVENUE ARMORY, AUCTION PREVIEWS AND SALES. GALLERIES PLAN IMPORTANT EXHIBITIONS IN ANTICIPATION OF THE MUSEUM CURATORS, COLLECTORS AND DEALERS THAT DESCEND UPON THE CITY.

NO ONE IS MORE RESPECTED OR ADMIRED THAN CHRISTOPHE VAN DE WEGHE, A SEASONED SECONDARY MARKET DEALER AND FOUNDER AND PRINCIPLE OF VAN DE WEGHE FINE ARTS WHOSE EXHIBITION HISTORY IS MUSEUM WORTHY. IT IS WITH GREAT PLEASURE THAT THE LRFA BLOG WELCOME CHRISTOPHE IN OUR NEXT SERIES OF POSTS.

THE LRFA BLOG LOOKS FORWARD TO YOUR COMMENTS AND QUESTIONS!

 

 

The role of a manager in an artist’s world, with tax expert Steven Goldglit

 

THE DEBATE OVER WHETHER VISUAL ARTISTS NEED MANAGERS LEAPED TO THE FOREFRONT OF ART WORLD WHEN, IN 2015, UNITED TALENT AGENCY’S JOSHUA ROTH LAUNCHED A FINE ARTS DIVISION TO MINE A NEW MARKET. TRADITIONALLY, THE PRIMARY GALLERY REPRESENTING AN ARTIST’S WORK HAS HAD THE PROPRIETARY ROLE OF ORGANIZING EXHIBITIONS BOTH AT THEIR VENUE AND AT OTHER GALLERIES AND MUSEUMS AND SECURING PUBLIC COMMISSIONS. OFTEN ARTISTS, PARTICULARLY ESTABLISHED ONES WHO ENJOY AN INTERNATIONAL REPUTATION, REQUIRE ADDITIONAL ADVICE AND EXPERT COUNSEL FOR A LARGER AND LONGER-TERM PERSPECTIVE. A MANAGER OR MANAGEMENT TEAM WITH EXPERTISE IN MARKETING, BUSINESS MANAGEMENT, LEGACY AND ESTATE DECISIONS COMES ON BOARD TO WORK IN TANDEM WITH THE GALLERIES AND WITH A TEAM OF SPECIALISTS SUCH AS ATTORNEYS AND TAX ADVISORS.

SINCE ITS INCEPTION, GOLDGLIT AND COMPANY HAS NURTURED ITS RELATIONSHIP WITH VISUAL ARTISTS, GALLERIES, PRIVATE DEALERS AND MANY IN OTHER CREATIVE FIELDS. IN TODAY’S LRFA POST WITH STEVEN GOLDGLIT, FOUNDER AND PRINCIPLE OF THE TAX AND ACCOUNTING FIRM, WE EXPLORE THE ASPECTS OF BUSINESS AND FINANCIAL PLANNING CRUCIAL TO SUCCESS.

http://www.goldglit.com/about

STEVEN, WELCOME BACK!

SO MUCH OF A GALLERY OR ART ADVISORY SERVICE AND, NOW THAT I THINK OF IT, AN ARTIST’S BUSINESS IF THEY ARE NOT REPRESENTED FULLY BY A GALLERY OR IF THEY PREFER TO MANAGE THEIR OWN MULTIPLE GALLERY REPRESENTATIONS, ARE TRANSACTIONAL.

DO YOU ADVISE CLIENTS IN TERMS OF POTENTIAL DEALS SOLELY IN TAX TERMS OR IN A MORE GENERAL ADVISORY CAPACITY?

We advise clients on transactions on a regular basis, along with their attorneys. We will handle any aspect of the deal – negotiation, terms, tax implications etc., but will not handle contracts. We always insist upon the use of an attorney for that aspect of the transaction.

I KNOW YOU ENJOY VISITING GALLERIES AND ATTENDING OPENINGS. DO YOU AND YOUR WIFE COLLECT?IF SO, WHAT IS THE AREA OF INTEREST? HAVING AN ENORMOUS PROFESSIONAL LEGACY FROM YOUR DAD AS WELL AS EXPERIENCE AS MANAGING DIRECTOR OF THE FIRM, ARE YOUR CHOICES INFLUENCED BY AN ARTIST’S STANDING IN THE ART WORLD?

My wife Lisa and I have become art collectors and have a rather wonderful collection – in my opinion. We attend Art Fairs around the world and have purchased art from Galleries and Artists I work with and know well, and from galleries and artists I have no previous connection to. We are drawn to art on a piece by piece basis, but tend to gravitate towards more conceptual artworks.

 

CREATIVE WORK IN GENERAL, AN ART ADVISORY SERVICE OR THE CHARACTER OF A GALLERY SEEM SO CLEARLY ASSOCIATED WITH A SINGULAR VISION. DO MANY GALLERIES AND ART-RELATED BUSINESSES HAVE BUYERS? CERTAINLY INVENTORY IS A CONCRETE ENTITY AND CAN BE EVALUATED BUT HOW IS THE REPUTATION, ARTIST ROSTER AND CLIENT BASE (AND WHETHER THEY REMAIN LOYAL TO A NEW OWNER) DETERMINED?

The sale of a gallery to an unrelated person is a very difficult transaction and you rarely see this put into action. Most change in ownership of a gallery is within a family between generations – Sonnabend, Pace, etc. Sales to outside persons are rare and tend to fail. As there are no contracts between Artists and Galleries and the continued representation of an artist by a gallery is based solely upon relationships, if the artists and collectors have no previous relationship or confidence in the new owner the gallery will fail. As such, 3rd party purchasers are very leery of the industry and galleries tend to have a measurable lifespan without turnover.

IN OUR NEXT LRFA POST, STEVEN WILL SHARE HIS EXPERT OPINION ON THE VIABILITY OF SELLING AN ART BUSINESS AND THE GENERAL TAX LANDSCAPE THAT LIES AHEAD.

PLEASE JOIN US!

Reap the rewards: ways to shelter income with tax expert Steven Goldglit

AS WE RAPIDLY APPROACH APRIL 18th, THIS YEAR’S DEADLINE FOR FILING PERSONAL TAXES, THE GENERAL HUE AND CRY, BE IT AT A DINING TABLE LADEN WITH HALF-COMPLETED FORMS, YOUR CPA’s OFFICE OR IN A DESPERADO LAST MINUTE VISIT TO A TAX-PREPARATION COMPANY WITH A DUFFLE BAG OF UNSORTED RECEIPTS, IS HOW LITTLE WE END UP WITH, AFTER WITHHOLDING, FOR ALL OF OUR HARD WORK!  TO ENCOURAGE SAVING FOR RETIREMENT, OUR FEDERAL GOVERNMENT DOES OFFER TAX BREAKS WHEN SAVING IN SPECIFIC WAYS THAT INCLUDE 401Ks, IRAs, ROTH IRAs, SAVER’S CREDIT, OR TAX-FREE CHARITABLE CONTRIBUTIONS. CHOOSING THE RIGHT PLAN REQUIRES KNOWLEDGE AND PLANNING.

THE BEST WAYS TO STRUCTURE RETIREMENT SAVINGS TO DEFER TAXES IS AN AREA OF EXPERTISE AS REFINED AS THE KNOWLEDGE OF ANTIQUITIES OR OLD MASTER PAINTINGS. A CERTIFIED PUBLIC ACCOUNTANT CAN GUIDE YOU TOWARDS THE OPTIONS THAT ARE THE MOST ADVANTAGEOUS TO YOUR SPECIFIC SITUATION AND GOALS. EXPERIENCE IN THE NUANCES OF A SPECIFIC INDUSTRY ON THE PART OF THE ACCOUNTING FIRM PROVIDES AN ADDITIONAL EDGE.

SINCE ITS INCEPTION,  STEVEN GOLDGLIT AND HIS TEAM AT GOLDGLIT & COMPANY OFFER ASTUTE ASSISTANCE IN THE AREA OF FINE ARTS, GRAPHIC ARTS AND CREATIVE FIELDS SUCH AS ARCHITECTURE, DESIGN AND WRITING.

http://www.goldglit.com

 

 

 

TODAY, THE LRFA BLOG IS PLEASED TO CONTINUE ITS DIALOGUE WITH STEVEN.

STEVEN, THANKS FOR JOINING US. TAX LAWS ARE NEVER STATIC. HOW PROACTIVE IS THE FIRM IN EVALUATING TAX PLANNING OPPORTUNITIES OR PRECAUTIONS THAT CHANGE IN ACCORDANCE WITH THE FEDERAL AND STATE LAWS?

A good CPA firm must be aware of existing tax laws and changes so that they can properly advise their clients. Potential changes to the tax code must also be considered as future changes can impact the timing of decisions. For instance, the current Presidential Administration has indicated a desire to lower both corporate and personal income tax rates. As such, we try to analyze the timing of these changes and advise clients as to when they should engage in selling property or recognizing income. If we don’t stay on top of the tax code our advice to our clients may result in tax payments in excess of what is reasonable, and no one likes that. As such we subscribe to a few services that issue daily reports on the tax code, current tax law cases and potential changes being discussed by Congress. We use this info to properly advise our existing clients.

THERE ARE MANY VEHICLES THAT SHELTER INCOME FOR THE FUTURE. WHAT ARE SOME THAT ARE THE MOST APPROPRIATE FOR ART RELATED INDIVIDUALS AND BUSINESSES IN THE ARTS AND WHY?

Retirement plans are a great way to shelter income in current years and save for later in life. SEP IRA’s are used by self-employed individuals (Artists) and allow for $54,000 (for 2017) to be deducted against current income as a retirement plan contribution.  In addition, the income in your retirement plan is not taxed as earned and the tax is deferred until you make a distribution from the plan. You can also use regular IRA’s, Roth IRA’s, profit-sharing plans and defined benefit plans. The proper plan for your business depends upon cash flow, asset base and current income. You can also use insurance products to shelter income – whole life insurance plans and annuities. Real estate has proven to be an effective way to develop wealth within the property, using a refinance option to cash out without incurring a tax liability.

 

DO YOU WORK WITH CLIENTS SOLELY IN NEW YORK OR THE TRI-STATE AREA OR DOES THE FIRM WORK WITH ARTISTS AND GALLERIES THROUGHOUT THE UNITED STATES?

The majority of our clients are based in NY but have additional business locations outside NY, such as Connecticut, California and Florida. We also have a lot of clients from Europe that have opened in NYC as a second location and we have developed relationships with Accountants and Attorneys overseas.

THE ART BUSINESS, AS ARTIST OR DEALER, IS TRANSACTIONAL AND A DIALOGUE WITH AN EXPERIENCED TAX MANAGEMENT FIRM IS AN INVALUABLE RESOURCE.

IN OUR NEXT POST, STEVEN WILL OUTLINE OTHER ASPECTS TO CONSIDER IN THE ART OF FINANCIAL AND TAX PLANNING IN THE ART BUSINESS.

JOIN US, COMMENT, ASK QUESTIONS. THE LRFA BLOG APPRECIATES THE DIALOGUE!

 

Welcome to Powerstrike: Stronger for Life

GOOD NEWS IS WORTH SHARING, GREAT NEWS DEMANDS IT! READERS OF THE LRFA BLOG LAST SEPTEMBER WERE INTRODUCED TO ILARIA MONTAGNANI, FOUNDER AND PRESIDENT OF POWERSTRIKE, A PROGRAM OF GROUND-BREAKING WORKOUTS, TO SPREAD THE WORD ABOUT HER KICKSTARTER PROJECT, STRONGER FOR LIFE, A DOCUMENTARY ON ILARIA’S BATTLE WITH BREAST CANCER. HAPPILY, ILARIA NOW MAINTAINS HER FULL RIGOROUS TEACHING AND TRAINING SCHEDULE.

TO SHARE HER PASSION AND KNOWLEDGE WITH AS MANY AS POSSIBLE, THIS MONTH POWERSTRIKE OFFERS A NEW FEATURE:  ARTICLES BY ILARIA DOCUMENTING THE TRAINING GUIDELINES AND MINDSET THAT EMBRACE BOTH MENTAL AND PHYSICAL CHALLENGES.

SEE FOR YOURSELF! COME TO CLASS OR SUBSCRIBE TO THE ON DEMAND VIDEO WORKOUTS. EXCEED YOUR EXPECTATIONS!

https://www.powerstrike.com

WITH ILARIA AND HER POWERSTRIKE TEAM AT YOUR BACK,  IT’S SMOOTH SAILING AHEAD!

 

HERE’S THE FIRST ONE:  Never a Mindless Workout

https://www.linkedin.com/pulse/never-mindless-workout-ilaria-montagnani?published=t

 

 

WELCOME TO POWERSTRIKE

My philosophy: Exercise Makes You Stronger For Life, is built on the belief that we can all live a healthier, happier and better life if we respect and exercise our bodies.  I have applied this principle to my life and have been teaching it through my programs for over 20 years.

I can understand the challenges you face every day and how making your health a priority can be hard.  We all need a little inspiration and guidance to be active, stay strong and continue to take care of our bodies.

Starting this month, I would like to share with you what allows me to reach my true fitness potential, my training principles that are just as much mental as they are physical, and help to bring out the athlete in each of you.

My Team and I want to see you succeed and will show you ways you can push yourself to the next level – as fitness instructors, this is what we do best – we love to train and to motivate others to stay healthy and strong.

Let’s continue to get stronger together.

In health,

Ilaria Montagnani

President, Powerstrike Inc.



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Copyright © 2017 Powerstrike Inc.
All rights reserved.

 

Art and Taxes, with Steven Goldglit, CPA to the art world

THE ART OF RECORD KEEPING OFTEN ELICITS A GROAN. ARTISTS WOULD RATHER BE IN THEIR STUDIOS WORKING OR THINKING ABOUT THE CREATIVE ASPECTS OF THEIR WORK. GALLERISTS AND DEALERS WOULD RATHER BE CURATING THE NEXT SEASON’S  EXHIBITIONS AND ART FAIR PROGRAM OR CLOSING ON A CURRENT SALE. WHAT CAN THE SOURCE OF MOTIVATION TO INSPIRE CAREFUL AND METICULOUS ACCOUNTING? THINK OF IT AS A GROWTH STRATEGY. BY KEEPING YOUR BOOKS IN ORDER, YOU HAVE A REALISTIC, OBJECTIVE EVALUATION OF THE VALUE OF YOUR BUSINESS, THE AREAS THAT NEED ATTENTION, THE EXPENSES THAT COULD BE REDUCED OR ELIMINATED, CASH FLOW, THE STRENGTHS AND WEAKNESSES OF YOUR CURRENT FINANCIAL SITUATION AND ITS POTENTIAL TO EXPAND AND EVOLVE IN WAYS THAT YOU DREAM ABOUT.

THE OTHER SMART STRATEGY IS TO HAVE THE SUPPORT AND GUIDANCE OF AN EXPERIENCED AND SOLID ACCOUNTING FIRM, PARTICULARLY ONE THAT SPECIALIZES IN THE NUANCES, RISKS AND REWARDS OF THE ART BUSINESS, SUCH AS GOLDGLIT & COMPANY. ORIGINALLY CO-FOUNDED BY STEVEN GOLDGLIT AND HIS FATHER SEVERAL DECADES AGO, IN A WORLD OF COMPLICATED AND CHANGING TAX LAWS AND LOOPHOLES, IT IS CRUCIAL TO FISCAL HEALTH BE IT PERSONAL OR PROFESSIONAL.

TODAY, THE LRFA BLOG IS VERY PLEASED TO CONTINUE ITS CONVERSATION WITH STEVEN GOLDGLIT ABOUT HIS FIRM’S SERVICES AND ITS PARTICULAR FOCUS ON ARTISTS AND ART RELATED BUSINESSES.

STEVEN, WELCOME BACK! HOW LARGE IS GOLDGLIT AND COMPANY AND WHAT ARE THE SCOPE OF SERVICES IT PROVIDES?

HOW MUCH INVOLVEMENT WITH THEIR TAX, BUSINESS AND FAMILY ESTATE PLANNING DOES THE FIRM PROVIDE? WHAT IS SCOPE OF ACCOUNTING SERVICES AT GOLDGLIT?

We are a 10 person firm, with 8 accountants and 2 support staff. Small enough to be very nimble in response to clients’ needs but mature enough to have the ability to handle just about all client issues. We provide a variety of services to our clients:

  • Tax preparation and accounting needs
  • Business consulting including sale and acquisition of business
  • Estate planning and post death reporting
  • Audit representation before IRS, NY State and other jurisdictions
  • Audit, review and compilation reporting
  • Bookkeeping
  • Transactional services

WHAT ARE SOME OF THE SPECIFIC NEEDS THAT AN ARTIST OR AN INDIVIDUAL IN OTHERS CREATIVE FIELDS REQUIRE IN TERMS OF ORGANIZING THE PRACTICAL ASPECT OF THEIR BUSINESS. WHAT IS THE BEST ADVICE YOU GIVE A NEW CLIENT IN TERMS OF RECORD KEEPING, TAX FILING AND ESTATE PLANNING?

Artists need to understand that being an artist requires being a business person. The most successful artists understand this and manage their art careers like a business. This requires proper record keeping and hiring the support staff that is needed for a business – CPA, Attorney, Bookkeeper and assistant. They should make sure their offices run properly and that they are keeping track of all business expenses using a simple Accounting program such as Quicken or Quickbooks.

WHAT ARE THE CONCERNS OF INDIVIDUAL SELF-EMPLOYED PROFESSIONALS IN THE ARTS? FOR CREATIVE CLIENTS, WHERE THE FLOW OF INCOME IS UNPREDICTABLE, HOW DO YOU RECOMMEND THEY CUSHION THESE PEAKS AND VALLEYS?

Artists should organize their business studio as a single member LLC for liability protection, especially if they have employees. They should maintain separate business and personal bank accounts and understand the monthly costs of running the studio so that they can plan cash flow properly. But the 1 thing I always tell Artists is to keep a few artworks they create each year and store them away and only sell when necessary – cash crunch, real estate purchase, etc. It’s like built in savings accounts that can be turned into cash as needed.

WHAT ARE THE MOST CRUCIAL ASPECTS OF GOOD BUSINESS ACCOUNTING MANAGEMENT IN THE ARTS SPECIFICALLY AND IN ANY BUSINESS IN GENERAL?

It is always best to organize your business properly to maximize your deductions and minimize tax costs and potential liability.  Hire a good CPA that is familiar with your business field and they will help guide you to make the proper business decisions. Accounting records must be maintained properly with easy access so that you understand how your business is running, if it’s profitable and if expenses are in line with standards, or if they are excessive and require some cuts. You may eventually need a business loan and clear concise accounting management and records will give a banker comfort to know that the business can handle and repay a loan.

IN THE NEXT POST, STEVEN WILL EDUCATE US ON THE CURRENT TAX LAWS AND THOSE THAT SPECIFICALLY AFFECT ARTISTS AND ART-RELATED INDUSTRIES. THANKS FOR FOLLOWING THE LRFA BLOG!

Tax Time with the art world’s tax expert Steven Goldglit

STEVEN GOLDGLIT
Goldglit & Company

GOLDGLIT & COMPANY, NEW YORK BASED CERTIFIED PUBLIC ACCOUNTANTS, SPECIALIZES IN THE ACCOUNTING AND TAX CONCERNS OF INDIVIDUAL CREATIVE ARTISTS AND ART-RELATED BUSINESSES.  ORIGINALLY FOUNDED BY HIS FATHER KEN GOLDGLIT, STEVEN, MANAGING PARTNER OF THE FIRM, HAS CONTINUED IN HIS FOOTSTEPS, PROVIDING SERVICES THAT OFFER EXPERTISE IN THE SPECIAL FIDUCIARY AND TAX CONSIDERATIONS AND CONCERNS OF ARTISTS, GALLERISTS, DEALERS AND DESIGNERS, EVERYONE, FOR THAT MATTER,  IN THE FINE ARTS INDUSTRY AND OTHER CREATIVE FIELDS.

STEVEN, WELCOME TO THE LRFA BLOG. THANK YOU SO MUCH FOR TAKING THE TIME TO CONTRIBUTE. PLEASE TELL US ABOUT THE HISTORY OF THE FIRM.

Goldglit & Company LLP was founded in 2011 as a Partnership between my father, Ken, and myself. It is the successor firm to KL Goldglit & Co. that my father founded in the 1980’s. The practice started with a broad assortment of art-related clients and has expanded from this base to our current position in the art world today. As the art market has continued to grow and expand, we continue to grow. With the current influx of European galleries into the NYC art market, we have taken on an international client base as well.

http://www.goldglit.com/services

 

HOW DID THE FIRM INITIALLY DECIDE TO FOCUS ON THE ART WORLD? APPROXIMATELY HOW MANY CLIENTS DO YOU REPRESENT THAT ARE INDIVIDUALS VERSUS CORPORATIONS? WHAT IS THE BREAKDOWN BETWEEN ARTISTS, ART GALLERIES, AND OTHER CREATIVE FIELDS SUCH AS ARCHITECTURE, DESIGN, AND PUBLISHING.

My father’s first art client was Leo Castelli and the practice expanded from there. Leo felt it would be great if his accountant also was the accountant for the artists the gallery represented as it would make business dealings very smooth. We have followed this principle to date as we work with many of the artists our gallery clients’ exhibit. Most of the gallery clients are either Corporations or Partnerships, but the artists are almost always self-employed as a single member LLC (best for income tax and estate tax planning). As we work with many more artists than galleries, the majority of our clients is individual tax reporters. Between galleries, artists and art dealers, they account for approximately 80% of our total clients. We have other creative type clients – architects, writers, graphic designers and event planners. Every now and then we get a client who not involved with the arts or design fields, but it is not often!

WHAT PROMPTED YOUR DECISION TO FOLLOW IN YOUR FATHER’S FOOT STEPS?

I graduated with a BS degree in finance from the University of Maryland and thought I would become a successful bond trader. When I was interviewing and focusing on a company and a position, the stock market crash of 1987 occurred and my potential jobs were all put on hold or terminated. This was a very scary moment for me and I decided, at my father’s urging, to get my Masters Degree in Tax and Accounting which I completed at LIU in 1990. After 2 years at Price Waterhouse doing audit work, my father asked me to join his firm – he was not well – and I accepted and have been there ever since!

HOW WOULD YOU DESCRIBE THE DIFFERENCES AND SIMILARITIES OF THE FIRM WITH WHICH YOU WERE AFFILIATED BEFORE JOINING GOLDGLIT & CO.?

My time at Price Waterhouse – the largest of the Big 8 accounting firms when I joined – was very productive. I learned a great deal about how companies operate and spent a lot of time engaging with company management to broaden my abilities. The managing partner of PW was very happy with my work and I was on a path to success at PW but I began to lose interest in audit work and decided I wanted to focus more on small business and tax matters. In the end, I was happy at PW with what I learned, and it helped make me a better CPA.

THIS IS A PERIOD FRAUGHT WITH TAX DEADLINES AND FILINGS BUT, AS YOU CAN SEE, STEVEN IS VERY ENGAGED IN WHAT HE DOES AND WE WELCOME ANY AND ALL RELATED QUESTIONS. IN THE NEXT LRFA POST, WE WILL LEARN MORE ABOUT THE FIRM AND HOW TO BEST PLAN DURING THE YEAR FOR TAX TIME!

 

Join Nicholas Christopher of Turon Travel in Dallas for the Art Fair and the city’s pleasures

Thomas Struth: Places
Dallas Parking Lot, 2001
C-print

IN DALLAS, FROM FRIDAY, APRIL 7th THROUGH SUNDAY, APRIL 9th, PROMINENT INTERNATIONAL AND NATIONAL GALLERIES WILL EXHIBIT A DIVERSE RANGE OF MODERN AND CONTEMPORARY ART AT THE 9TH ANNUAL ART FAIR. LOCATED IN THE FASHION INDUSTRY GALLERY ON ROSS AVENUE IN THE DALLAS ARTS DISTRICT. THE FIG SPECIAL EVENTS VENUE CONSISTS OF ALMOST 74,0000 SQUARE FEET IN A MID-CENTURY MODERN BUILDING. IT FEATURES AN ADJACENT PROMENADE NEXT TO A BEAUTIFUL PRIVATE PARK RIGHT ACROSS FROM THE DALLAS MUSEUM OF ART AND THE NASHER SCULPTURE CENTER.

 

Mark Di Suvero (left)
Joan Miro (rear right)
Nasher Sculpture Garden

IN TODAY’S LRFA POST, NICHOLAS CHRISTOPHER, FOUNDER OF TURON TRAVEL, THE GO-TO TRAVEL AGENCY FOR ALL THE ART FAIRS AROUND THE WORLD, SHARES SOME FAVORITE ART VENUES AND RESTAURANTS THAT MAKE THIS GREAT AMERICAN CITY A TERRIFIC DESTINATION!

THANK YOU, NICHOLAS, AND THANK YOU, FOLLOWERS OF THE LRFA BLOG.

https://www.turontravel.com/about-us

Mona Hatoum
Silence, 1994
Laboratory glass tubes
The Warehouse collection

The Warehouse, a project initiated by Howard Rachofsky and the late Vernon Faulconer is just a short cab ride from the fair.  Located in an adapted industrial building, with 18,000 sq ft of exhibition space, The Warehouse presents carefully considered, original exhibitions of works from The Rachofsky Collection, complemented by art acquired jointly with the Dallas Museum of Art and works on loan from other significant institutions and private collections. The mission of The Warehouse is philanthropy at its best.

In 2013, Rachofsky and Faulconer, both devoted to education in the arts, decided to make their collections available to curators, scholars, critics and students, to encourage new dialogues about postwar Modern and contemporary art. At the heart of the project is an adapted industrial building on 14105 Inwood Road in Dallas, containing art storage facilities, an extensive library, and 18,000 square feet of flexible exhibition space. 

The Warehouse
THINKING OUT LOUD: NOTES FOR AN EVOLVING COLLECTION
January 30 – April 30, 2017

As The Warehouse begins its fifth year, the current exhibition THINKING OUT LOUD: NOTES FOR AN EVOLVING COLLECTION, January 30 – April 30, 2017,  focuses on the personal collecting impulse of its two founders and reflects the pluralistic nature of contemporary art at this moment, when no dominant art movement controls the conversation. Allan Schwartzman has curated not one but several ideas that interest us, embracing recent acquisitions as well as older works not previously presented at The Warehouse.

http://thewarehousedallas.org/exhibition/

Pia Camil
The Little Dog Laughed, 2014
Installation View
Dallas Contemporary

Another must see before your leave is The Dallas Contemporary, a non-collecting art museum presenting new and challenging ideas from regional, national and international artists. The institution is committed to engaging the public through exhibitions, lectures, educational programs and events.  Their highlighted exhibitions in April will feature Pai Camil, a Mexican born artist who draws from the symbolic universe of contemporary consumerism, incorporating the signs, objects and things that form part of everyday life. Also on exhibit are works by Keer Tanchak, a Dallas based painter,  choosing aluminum for its smooth surface and neutral color. This allows the artist  to cut his paintings into any shape the subject may dictate, specifically Rococo imagery.

http://www.dallascontemporary.org/

All that walking, all that art appreciation, helps work up an appetite.  Here are some local pick hits:

The Capital Grille

Capital Grille

An outpost of the upscale steakhouse chain offers classic American fare & a clubby, refined setting.  From steaks to a locally sourced menu as great place to recharge  your batteries.

A Dallas staple located in the Crescent Hotel, the Capital Grille rewards diners with dry-aged steaks cooked to perfection. The 22-oz. Delmonico bone-in rib-eye stands out as the restaurant’s signature item. Seafood options like lobster bisque and grilled salmon are also expertly prepared. Wines (over 400 varieties) are available by the bottle and the glass. An interior of mahogany, oil paintings, and leather seating provides a classy yet unpretentious setting. If you’re looking to impress clients over an elegant business lunch, THIS is the spot to take them – it’s in the perfect location and the atmosphere there will win them over for sure.

http://www.thecapitalgrille.com/locations/tx/dallas/dallas/8012?cmpid=br:TCG_ag:ogv_ch:ppc_ca:TCG-DallasUptown-TX-BR_dt:08-14-2014_gt:TCG—Dallas_sn:goo_kw:capital-grille-dallas_ct:text

The Mansion Restaurant

The Mansion Restaurant

One of the great classic dining experiences in Dallas is The Mansion Restaurant is located in the legendary Rosewood Mansion on Turtle Creek.  Executive Chef Tom Parlo offers Contemporary American cuisine sparked with global overtones. The Mansion Restaurant has been pleasings its guests for over 35 years, offering a beautifully detailed classic environment and the same attention to quality in the menu,  providing one of the most inviting, approachable fine dining experience in Texas.

https://www.rosewoodhotels.com/en/mansion-on-turtle-creek-dallas/dining/mansion-restaurant

Tei-An

For a very special evening in the Arts District, Tei-An offers first tier Japanese cuisine. To quote Zagat: “Exquisite” food, including sushi and “wonderful” handmade noodles, a “trendy yet elegant” scene and “impeccable” service combine at this Arts District Japanese, “one of the best restaurants in Dallas”; interiors with “sleek styling” plus a rooftop cocktail bar with killer views add to the appeal, and help offset high prices.  What more can we say?

http://www.tei-an.com/

APRIL 18th LOOMS AHEAD, THIS YEAR’S DEADLINE FOR PERSONAL TAX RETURNS, MARCH 15th JUST HAVING PASSED FOR CORPORATE. THERE IS NO ONE MORE SEASONED AND EXPERIENCED IN THE ART OF TAX AND FINANCIAL PLANNING FOR THE ART INDUSTRY THAN STEVEN GOLDGLIT AND HIS STAFF AT GOLDGLIT AND COMPANY.

IN THE NEXT LRFA POSTS, STEVEN WILL SHARE HIS EXPERTISE AND EXPERIENCE. WE ALWAYS WELCOME ANY QUESTIONS AND CONCERNS YOU MIGHT WISH TO POSE.

TAKE AIM AND FIRE AWAY!