Leslie Rankow Fine Arts

INTERNATIONAL ART ADVISORY SERVICE

Guiseppe Penone for the holidays, (hint, hint), wonderful selections from Gagosian’s rare book dealer, Doug Flamm

Giuseppe Penone, Essere fiume 7 (To Be a River), 2000 River stone and quarry stone of white Carrara marble, in 2 parts, each: 18 ⅞ × 29 ½ × 24 ⅞ inches (48 × 75 × 63 cm), installed at Whitechapel Gallery, London, September 4, 2012–October 27, 2013© Archivio Penone

Giuseppe Penone, Essere fiume 7 (To Be a River), 2000

River stone and quarry stone of white Carrara marble, in 2 parts, each: 18 ⅞ × 29 ½ × 24 ⅞ inches (48 × 75 × 63 cm), installed at Whitechapel Gallery, London, September 4, 2012–October 27, 2013

Essere fiume (To be a River, 1981) marked an important turning point in Penone’s practice. Extracting chunks of stone or marble from the source of a river, he carved them so that they resembled the smaller, smoother stones at the bottom of the riverbed, mimicking the effects of water on the rocks’ shape and size.

© Archivio Penone

Giuseppe Penone
Matrice

ONE OF THE MOST COMPELLING INTERNATIONAL ARTISTS WORKING TODAY IS GIUSEPPE PENONE. BORN IN A SMALL TOWN NEAR TURIN, HE STUDIED AT THE ACCADEMIA DI BELLE ARTE AND WAS EXPOSED TO A VARIETY OF POST-WAR ART DURING HIS EARLY TWENTIES AND SOON BECAME A MEMBER OF THE YOUNGER GENERATION OF ARTE POVERA ARTISTS. THE TRAJECTORY OF HIS CAREER CONSISTENTLY REVEALS A DEEP CONCERN WITH THE RELATIONSHIP BETWEEN MAN AND NATURE. HE WALKED INTO THE WOODS AND BECAME AN ARTIST WHOSE FOCUS IS THE TRANSFORMATION OF NATURAL ELEMENTS INTO CONCRETE VISUAL, TACTILE PHYSICAL EXPERIENCES. HIS UNREMITTING DEVOTION TOWARDS NATURE AND ITS TRANSFORMATIVE POWERS, UNDERLINED BY HIS TRANSFORMATION OF NATURE ITSELF, SPEAKS TO US TODAY.

Throughout his fifty-year career, Giuseppe Penone has employed a wide range of materials and forms in an exploration of the fundamental language of sculpture. A protagonist of Arte Povera, Penone explores respiration, growth, and aging—among other involuntary processes—to create an expansive body of work including sculpture, performance, works on paper, and photography.

Penone’s early performance-based works evolved in direct response to the forests near his native village of Garessio, Italy, where he interacted with trees, water, and marble. In the Alpi Marittime (Maritime Alps) works (1968), his gestures and interventions left physical traces over extended periods of time: tree trunks were distorted by copper wire, stones, and bronze casts of the artist’s hand; mechanisms made of ropes and deer hides reacted to the weather; and casts of Penone’s face, hands, and feet were immersed in a stream bed.

Giuseppe Penone
Trees (Alberi)

In 1969 Penone created the first of his Alberi (Trees): “stripped” trees made by carving into mature timbers and removing the wood along the outer growth rings to reveal the memory of a sapling at the core of the trunk. This ongoing series has taken on various permutations as Penone refines his techniques and experiments with different sizes and installations. In 1970 he even carved an Albero in the presence of an audience, merging sculpture and performance. This same year he made the Rovesciare i propri occhi (Reversing One’s Eyes) works, in which he wore custom-made mirrored contact lenses and had himself photographed. The lenses, though they deprived the artist of his own gaze, allowed him to objectively record images, literally reflecting his surroundings.

https://gagosian.com/artists/giuseppe-penone/

REPRESENTED BY GAGOSIAN GALLERY, GAGOSIAN SHOP AT 976 MADISON CURRENTLY HAS SOME EXCEPTIONAL BOOKS AND ETCHINGS ON GIUSEPPE PENNONE ON DISPLAY FOR THE HOLIDAYS. THE WORK ITSELF SPEAKS OF BOTH THE TEMPORAL AND THE ETERNAL AND ARE AS UNIQUE AND EMOTIVE AS ANY ARTIST THAT COMES TO MIND. THE BOOKS REFLECT THIS AESTHETIC BEAUTIFULLY.

GIUSEPPE PENONE

The Inner Life of Forms

Includes Essays by Tim Ingold, Remi Labrusse, Emily Braun, Salvatore Settis, and a conversation with Carlos Basualdo and Guiseppe Penone

Giuseppe Penone The Inner Life of Forms Gagosian Shop 976 Madison Avenue, New York

In the 1990s Penone worked on the Anatomie (Anatomies, 1992–), which included Carrara marble and other stones carved in high relief to echo vascular and muscular systems, as well as the Propagazioni (Propagations, 1995), a series of drawings based on the concentric linear patterns of a fingerprint. Since then he has continued to expand upon many of his earlier series and to work on the Idee di pietra (Ideas of Stone) sculptures (2003–), in which he juxtaposes rocks and trees to highlight the balance between verticality and horizontality and the interplay of gravity and growth. Penone has also designed two gardens, one in Turin and one in the Reggia di Venaria in Piedmont.

In Penone’s work, sculptural transformations draw the viewer’s attention to details that have long existed but are easily overlooked. By bringing the grandeur—as well as the modesty and intimacy—of raw but also cultural material into various settings, Penone raises questions about sculpture and its essence.

Giuseppe Penone
Identity
Etching

Giuseppe Penone

Identity

Identity is accompanied by a special edition cover of the monograph, Giuseppe Penone: The Inner Life of Forms and an archival folder with an original poem written by the artist.

The black version of Identity comes in an edition of 50

The prints are Drypoint etching on BFK Rives paper, printed by Atelier René Tazé, Paris, and published by Gagosian 2018

Etching size: 13 3/8 × 9 7/8 inches (34 × 25 cm)
Paper size: 19 7/8 × 15 1/8 inches (50.5 × 38.2 cm)

Choice of presentation options:

Custom designed, cloth covered clamshell box that includes archival inner folder to house print and special edition of the monograph

Framed print (white wood), archival folder, and special edition of the monograph

———-

About the monograph:

Giuseppe Penone
The Inner Life of Forms

Published in 2018

Essays by Tim Ingold, Rémi Labrusse, Emily Braun, and Salvatore Settis; Conversation between Giuseppe Penone and Carlos Basualdo; Biographical Notes by Ruggero Penone; 12 Booklet Essays by Daniela Lancioni

11 × 8 5/8 inches (27.9 × 21.9 cm); 13 paperbacks totaling 490 pages, in a box; Fully illustrated

Published by Gagosian; Designed by Graphic Thought Facility, London; Printed by Pureprint Group, Uckfield, UK; Distributed by Rizzoli International Publications, Inc., in association with Gagosian

WHAT A TREASURE TO GIVE OR TO GET AT ANY TIME OF YEAR.  THANK YOU, DOUG, FOR SHARING THIS WITH THE LRFA BLOG.

MORE TO FOLLOW!

Gagosian Shop opens in Paris with grand eclat, thanks to rare book specialist Doug Flamm.

Doug Flamm
Gagosian Gallery

“Blue…is beyond dimensions, whereas the other colors are not. All colors arouse specific ideas, while blue suggests at most the sea and the sky; and they, after all, are in actual, visible nature what is most abstract.”

Yves Klein

Yves Klein
Anthropometries

ONE OF THE MOST INNOVATIVE AND BRILLIANT ARTISTS OF ANY TIME IS YVES KLEIN (1928-1962). ALTHOUGH HE DIED AT THE VERY YOUNG AGE OF 34, HIS UNIQUE ICONOCLASTIC ATTITUDE CONTINUES TO BE AN INFLUENCE TODAY. IN 1957, KLEIN ENTERED HIS BLUE PERIOD. HE BEGAN USING NUDE MODELS AS “LIVING PAINTBRUSHES”, COVERING THEM IN PAINT AND DRAGGING AND PRESSING THEIR BODIES ACROSS PAPER AND CANVAS. IN 1960, HE PATENTED INTERNATIONAL KLEIN BLUE, A COLOR HE CREATED WITH THE HELP OF A CHEMIST, A PIGMENT HE APPLIED TO SPONGES ATTACHED TO CANVAS AS RELIEF ELEMENTS OR POSITIONED ON WIRE STANDS TO CREATE BIOMORPHIC SCULPTURES. HE CLAIMED THAT KLEIN BLUE WAS THE PHYSICAL MANIFESTATION OF COSMIC ENERGY. WHETHER HE TRULY BELIEVED IN THE MYSTICAL CAPACITY OF THE ARTIST TO CREATE AESTHETIC EXPERIENCES OUT OF THIN AIR OR WAS A SUBLIME COMMENTATOR ON THE METAPHYSICAL INCLINATIONS OF MANY MODERN PAINTERS, REMAINS A QUESTION TODAY.

Yves Klein sponge
Collection, Guggenheim Museum

 

IN OCTOBER 2018, DOUG FLAMM, RARE BOOK SPECIALIST AT GAGOSIAN GALLERY, OPENED A SECOND VENUE FOR THE WONDERFUL GAGOSIAN SHOP LOCATED IN NEW YORK AT 976 MADISON AVENUE (ACROSS FROM THE CARLYLE HOTEL) IN PARIS, IN THE EIGHTH ARRONDISSEMENT AT 6 RUE DE PONTHIEU, NEXT TO THE GAGOSIAN GALLERY PARIS.

Gagosian Shop, Paris
YVES KLEIN: By the Book
October 12 – December 22, 2018

THE FIRST EXHIBITION IS DEDICATED TO YVES KLEIN, ENTITLED YVES KLEIN: BY THE BOOK, AS A TRIBUTE TO CELEBRATE WHAT WOULD HAVE BEEN HIS NINETIETH BIRTHDAY. THE SHOP TAKEOVER INCLUDES RARE BOOKS AND EPHEMERA. IN VARIOUS WAYS, THESE PRINTED WORKS SUCH AS Dimanche 27 novembre 1960 “Le journal d’un seul jour” (1960)  AND Les Fondements du Judo (1954), HELPED KLEIN TO ARTICULATE HIS IDEAS TO A BROADER AUDIENCE. SIGNIFICANT NEW AND OUT-OF-PRINT MONOGRAPHS AND EXHIBITION CATALOGUES ARE ALSO AVAILABLE.

https://www.gagosianshop.com/shop/paris

Dimanche 27 Novembre 1960

 

IF PARIS SEEMS TOO FAR AWAY, VISIT DOUG HERE IN NEW YORK TO SEE WHAT WONDERFUL YVES KLEIN BOOKS AND MEMORABILIA HE CAN RECOMMEND FOR THIS HOLIDAY GIFT-GIVING TO SOMEONE VERY SPECIAL OR AS A RARE AND EXQUISITE ADDITION TO YOUR OWN ART LIBRARY.

Gagosian Shop, Paris
YVES KLEIN: By the Book
October 12 -December 22, 2018

 

Snow is in the air– time to head to Gagosian to chat with the gallery’s rare book specialist, Doug Flamm

Doug Flamm
Rare Book Specialist
Gagosian Gallery

ONE OF MY FAVORITE PASTIMES AS THE HOLIDAYS APPROACH IS THE EXCUSE TO VISIT WITH DOUG FLAMM, RARE BOOK SPECIALIST AT GAGOSIAN GALLERY, TO SEE WHAT TREASURES HE HAS AND BENEFIT FROM HIS EXPERT ADVICE AND INTUITION ABOUT THE PERFECT GIFTS FOR CLIENTS AND FRIENDS.

Bill Katz and Adam Weinberg

HERE’S THE FIRST TEASER- SOMEONE UNFAMILIAR TO THE LRFA BLOG- WILLIAM KATZ, BUT NO LONGER, THANKS TO DOUG.

Katz’s name may be unknown to the general public, but for decades he has served as designer, architect and aesthetic consigliere to many of the world’s creative heavyweights—particularly A-list artists such as Anselm Kiefer, Cy Twombly and Jasper Johns. Although these aren’t generally the kind of people who seek out second opinions about how things should look, they all rely on Katz as their secret weapon. When Kiefer saw a run-down 17th-century hôtel particulier for sale in Paris’s Marais neighborhood, he flew Katz in from New York to help decide whether the space could be transformed into his new home and studio. Recently completed and already legendary in art-world circles, the compound now takes up 60,000 square feet of central Paris real estate, including three underground floors that stretch almost an entire city block.

William Katz

Like his designs, Katz’s career path evinces a deceptive simplicity: You don’t immediately see the effort and ambition behind it. While an undergrad at Johns Hopkins University in the Sixties, Katz was staggered by a Baltimore production of Edward Albee’s The Zoo Story. He found Albee’s address and convinced him to guest-lecture at Hopkins. Afterward, “Edward said, ‘If you’re ever in New York, come visit,’” he recalls. Katz managed to squeeze it into his schedule a week later.

After graduating, Katz moved to Manhattan, where he quickly zeroed in on some of the city’s most interesting people—Robert Indiana, Marisol, Andy Warhol—and made himself indispensable. “I wasn’t sure what I wanted to do,” he recalls. “So I would work in the studio, stretch canvases, run errands.”

Phillips de Pury
London Headquarters 2008
raw space

In 2008, Katz was commissioned to design the much-buzzed-about new European headquarters of auction house Phillips de Pury & Company, in an old mail-sorting depot on Howick Place in London.

https://www.wmagazine.com/story/bill-katz

Robert Indiana
LOVE

BILL KATZ WORKED AS ROBERT INDIANA’S STUDIO ASSISTANT AND WAS INSTRUMENTAL IN THE CONCEPTION OF INDIANA’S ICONIC LOVE SCULPTURE.

Bill Katz, interior designer and architect, and Indiana’s assistant at the time: I was helping in the studio while Bob was painting his “LOVE Show” for the Stable Gallery. Mostly doing very menial things. But at one point when he was thinking about making LOVE in two panels inside a box, I suggested it might be better in three dimensions outside the box. He said, “Why don’t you make something to see what it might look like?” I made a version in papier-mâché. It gave Bob the idea to have a sculpture carved out of solid aluminum, which was in the exhibition in 1966.

Stamped Indelibly Edited and Published by William Katz

AT GAGOSIAN GALLERY BOOKSTORE AT 976 MADISON ACROSS FROM THE CARLYLE HOTEL, THIS WONDERFUL PORTFOLIO, STAMPED INDELIBLY, EDITED AND PUBLISHED BY WILLIAM KATZ, OFFERS A POP ART RARITY AND DOCUMENTS BILL KATZ’S OWN WIT AND STYLE IS ON DISPLAY.

Robert Creeley
Stamped Indelibly
Edited and published by William Katz

William Katz

Stamped Indelibly

Edited by William Katz

Collection of 15 rubber stamp prints by Robert Creeley, Tom Wesselmann, Red Grooms & Kenneth Koch, Marisol, Robert Indiana, Josef Levi, Gerard Malanga, Allen Jones, Andy Warhol, Peter Saul, Claes Oldenburg, Allen Ginsberg and John Willenbecher.

11 1/2 x 9 7/8 inches (29.2 x 25.1 cm)

Edition of 225

$14,000

The playful and intriguing Stamped Indelibly is a limited-edition bound portfolio of rubber stamp prints by Andy Warhol, Tom Wesselmann, and other leading 1960s Pop artists. The fifteen prints are tipped-in to a linen bound book and signed by each artist with the exception of Red Grooms, while the Warhol print features the artist’s iconic rubber stamp signature. This Pop art rarity was edited and published by William Katz in 1967 in an edition of 225 and originally sold through Multiples, Inc.

Andy Warhol
Stamped Indelibly
Edited and published by William Katz

APAA: best practices now and in the future

APAA

THE ASSOCIATION OF PROFESSIONAL ART ADVISORS IS UNIQUE IN OFFERING A FORMAL REGULATORY BODY OF RULES FOR THEIR MEMBERS. THIS CODE OF ETHICS MAINTAINS THAT FIRST AND FOREMOST, AN ADVISOR SHOULD SERVE THE NEEDS OF THE CLIENT, NOT HOLD INVENTORY, OR ACCEPT ADDITIONAL COMPENSATION THAT COULD CREATE A CONFLICT OF INTEREST.
ON A PRACTICAL NOTE, THE EXPERIENCE AND EXPERTISE AN ADVISOR CAN DEMONSTRATE IN THE DAILY REQUIREMENTS OF THE JOB (SHIPPING, INSURANCE, FRAMING, CONSERVATION, ETC.)  REASSURE A CLIENT THAT THE ADVISOR KNOWS WHAT HE OR SHE IS DOING WITH THE DETAILS AS WELL AS THE BIGGER PICTURE OF THE MARKET, AUCTION AND BIDDING.  APAA PROVIDES A PHENOMENAL SUPPORT SYTEM, SENDING NEARLY DAILY EMAILS REQUESTING AND GIVING RECOMMENDATIONS OF SPECIALISTS IN THE ART WORLD’S FROM AROUND THE WORLD.
TODAY, WE WELCOME BACK WENDY CROMWELL, BOARD MEMBER OF APAA, FOUNDER AND PRINCIPAL OF CROMWELL ART, LLC. TO SPEAK ON THIS AND THE FUTURE OF APAA.

WENDY, HOW DOES THE APAA PROVIDE INFORMATION ON THE SERVICE INDUSTRY THAT IS CRUCIAL TO THE ROLE OF THE ART ADVISOR? WHAT ARE SOME CATEGORIES OF INFORMATION THAT ARE AVAILABLE?

One of the great aspects of membership is our ability to tap into each other’s expertise. If you need an installer in Shanghai or a framer in Dubai, an APAA member will have a suggestion for you. These contacts and resources – appraisers, framers, installers, insurance experts, lighting specialists, photographers, shipping/storage experts – are part of a database maintained by APAA that is accessible to APAA members.

APAA PROVIDES A CONNECTION TO BUSINESS THAT PROVIDE RESOURCES THAT ARE VITAL TO THE ART COMMUNITY, SUCH AS LICENSED APPRAISALS, MARKETING, LIGHTING, TRANSPORT AND STORAGE. HOW DID THIS LIST EVOLVE AND WHAT ARE THE CRITERIA FOR BEING INCLUDED?

APAA Affiliate members are industry experts who are recommended by current APAA members.  The criteria for Affiliates is similar to those for advisors – everyone has at least 10 years’ experience in the field.

APAA IS PREDOMINANTLY AMERICAN IN MEMBERSHIP BUT WHAT OTHER COUNTRIES ARE REPRESENTED AND WHAT ARE YOUR PLANS TO EXPAND THE MEMBERSHIP NOW THAT WE ARE LIVING IN A GLOBALIZED ART MARKET?

Many of APAA’s US members have been working internationally for decades. Over time, the business practices of our colleagues worldwide have begun to reflect APAA’s code of ethics and best practices, and there are a growing number of APAA members in London, Paris, the Netherlands and Switzerland.  We hope to see more growth in Asia and the Pacific Rim in the coming years.

WHAT ARE SOME OF YOUR FUTURE PLANS FOR APAA IN GENERAL AND FOR PANEL DISCUSSIONS, MEMBERSHIP EVENTS?

Technology makes it possible for APAA members to be in regular communication, but the opportunity to meet in person is always energizing. Our annual meeting is coming up on May 1, and we recently toured the Rockefeller collection at Christie’s in advance of those sales.  We’ll also focus on member programs in Atlanta, Boston, Chicago, London, Los Angeles, San Francisco, Seattle, and Washington DC. The goal is to provide timely, smart information that supports APAA members in their work, and helps spread the philosophy of connoisseurship and best practices to the art field at large.

WENDY, AND THE TEAM AT APAA, THIS COULD NOT HAVE BEEN MORE INFORMATIVE OR BETTER RECEIVED. THE LRFA BLOG THANKS YOU FOR YOUR CONTRIBUTION AND SUPPORT!

APAA advisors read the art market’s ebb and flow with insight and accuracy

Association of Professional Art Advisors

IN A RECENT ARTICLE IN ARTnet NEWS ENTITLED “AFTER A LONG SLEEP, THE MARKET WOKE UP”, GUNTHER FORG’S CAREER IS ANALYZED IN DEPTH TO ILLUSTRATE AN EXCELLENT EXAMPLE OF A GENERATION OF ABSTRACT ARTISTS THAT HAD BEEN FORGOTTEN AND NOW ENJOY A RENEWED INTEREST IN PAINTINGS THAT SYNTHESIZE BOTH THE TRADITIONS OF ABSTRACT EXPRESSIONISM AND MINIMALISM. THE MARKET FOR GUNTHER FORG’S WORK HAS BENEFITED ENORMOUSLY SINCE HAUSER & WIRTH NOW REPRESENTS THE ARTIST’S ESTATE AND PLANS MAJOR EXHIBITIONS BOTH IN THEIR NEW YORK AND HONG KONG GALLERY AND THANKS TO A TRAVELING RETROSPECTIVE “A FRAGILE BEAUTY”, ORGANIZED BY AMSTERDAM’S PRESTIGIOUS STEDELIJK MUSEUM IN CONJUNCTION WITH THE DALLAS MUSEUM OF ART (ON VIEW THROUGH JANUARY 2019).

Gunther Forg

HOW DOES A COLLECTOR EVALUATE THIS SPIKE IN FORG’S MARKET WHEN CONSIDERING AN ACQUISITION OF A WORK? WITH THE HELP OF AN ADVISOR MEMBER OF APAA WHO CAN DETERMINE WHETHER THIS IS A TEMPORARY TREND OR A MORE LASTING SHIFT.

Wendy Cromwell
Cromwell Art LLC

IN THE ARTnet ARTICLE PUBLISHED ON NOVEMBER 1st, THE AUTHOR TURNS TO THE EXPERTISE OF WENDY CROMWELL OF CROMWELL LLC, BOARD MEMBER OF APAA:

All Boats Rise With a Rising Tide

Some say the mercurial rise in Förg’s market has less to do with the artist himself and more to do with the market at large, which has expanded and developed an infatuation with overlooked estates over the past five years. 

“The market loves estates of good artists with a ton of available material,” art advisor Wendy Cromwell said. “The period between 2013 and the present has been one of unprecedented growth in the art market. There is so much demand and so little inventory. That is why his work became so widely known all of a sudden—after a long sleep, it woke up.”

Even though European audiences may be familiar with the German post-modernist’s work, the advisor contends that he remains underexposed in America—not to mention Asia and further afield. But with the Dallas show underway and Hauser & Wirth’s shows in the works for 2019, a proper contextualization of his broad oeuvre could take him to the next level in the international market.

“A well-curated [museum] show, when it’s good, typically does stimulate growth in the market and I do anticipate that,” Cromwell said.

 https://news.artnet.com/market/gunther-forg-market-1371922 

APAA
Art Fair

ANOTHER APAA CONTRIBUTION TO THE UNDERSTANDING OF THE MARKET FOCUES ON THE REVOCATION OF THE 1031 EXCHANGE LAW. DIANA WIERBICKI, WHO HEADS THE ART AND TAXATION LEGAL DEPARTMENT AT WITHERS BERGMAN, WHOSE KNOWLEDGE AND COMMITMENT TO THE FIELD IS RENOWNED, ENGAGES IN A DIALOGUE WITH ART ADVISOR EXTRAORDINAIRE, AND APAA MEMBER, TODD LEVIN, WHO TAKES A MORE CONSERVATIVE VIEW,  IN THEIR DISCUSSION OF THE RECENT TIMES ARTICLE.

Ms. Wierbicki thinks the reform will affect some collectors’ willingness to sell. “It depends on the age of the collector,” said Ms. Wierbicki. “The older generation is going to be more thoughtful,” she added. Collectors whose artworks have soared in value may want to pass them onto family members, rather than face a capital gains bill of 28 percent, she said.

As for younger collectors, “this higher expense of getting out may make them think about investing in other markets,” said Ms. Wierbicki.

Others with expertise in the art market point out that the 1031 exchange was only used by relatively few ultra-wealthy collectors who were regular sellers as well as buyers.

“They’re a small subset,” said Todd Levin, an art adviser based in New York. “They’re not the whole art market, and we’re only talking about America. But the effect won’t be negligible.”

Todd Levin
Levin Art Group

https://www.nytimes.com/2018/09/14/arts/design/art-1031-exchanges-guarantees.html

NB

IRC SECTION 1031

Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states:

“No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment.”

As the above example demonstrates, tax-deferred exchanges allow investors to defer capital gain taxes as well as facilitate significant portfolio growth and increased return on investment. In order to access the full potential of these benefits, it is crucial to have a comprehensive knowledge of the exchange process and the Section 1031 code.

TUNE IN NEXT TIME WHEN THE LRFA BLOG CONTINUES TO SHARE THE EXCEPTIONAL RANGE OF SERVICES THAT APAA MEMBERS PROVIDE.

UNTIL THEN, ENJOY THE AUCTIONS!

APAA: social media, webinars, 21st century tools for advisors

APAA
Association of Professional Art Advisors

WORKING WITH AN APAA ART ADVISOR ENSURES THAT WHILE YOU ARE EXPLORING THE VAST AND COMPLEX WORLD OF FINE ART, YOU WILL BE GIVEN ADVICE FROM AN IMPARTIAL, EXPERIENCED PROFESSIONAL WHO, AS YOUR ADVOCATE, WORKS ONLY ON YOUR BEHALF. A GOOD ADVISOR WILL FIND THE APPROPRIATE ARTWORK FOR YOU TO CONSIDER, HELP YOU ASSESS THE CONDITION AND MATERIALS, ANALYZE THE CURRENT MARKET AND ASSIST YOU IN NEGOTIATING THE BEST POSSIBLE PRICE. THE GLOBAL ART MARKET CAN BE OPAQUE AND CONFUSING, AND A GOOD ADVISOR WILL BE ABLE TO EXPERTLY NAVIGATE THAT WORLD FOR YOU.

https://artadvisors.org

THE APAA HAS TAKEN A PROACTIVE ROLE IN PROVIDING A FOUR PART WEBINAR THAT PROVIDES CLEAR AND SIMPLE GUIDANCE THAT ADDRESSES  ALL THE STAGES OF COLLECTING, FROM HOW TO START DECIDING WHAT ART TO BUY TO HOW TO CONSCIENTIOUSLY LEAVE A COLLECTION TO ONE’S HEIRS WITH EVERY STEP IN-BETWEEN. THIS SERIES REPRESENTS THE DEFINITION OF TRANSPARENCY AND IT IS A CREDIT TO APAA TO PROVIDE THIS VIA ONE ART NATION ONLINE AT NO COST.

https://www.oneartnation.com/

WENDY, WELCOME BACK TO THE LRFA BLOG.

APAA HAS PROVIDED EXCELLENT WEBINARS, ONE BY THE CURRENT PRESIDENT OF APAA, MEGAN FOX KELLY, AND ANOTHER BY A PERSONAL AND PROFESSIONAL FRIEND, EXPERT ART ATTORNEY DIANA WIERBICKI, PARTNER AND GLOBAL HEAD OF ART LAW AT WITHERS. CAN ANYONE GAIN ACCESS TO THESE COURSES AND HOW?

APAA’s Four Stages of Collecting series can be found on-line at One Art Nation. In addition to Megan Fox Kelly and Diana Wierbicki, there are webinars with experts Andrea Wood, registrar and co-founder of ARCS, as well as Peggy Hollander, founder of The Succession Group – an advisory firm focused on wealth transfer and succession planning.

THE FOUR STAGES OF COLLECTING PROVIDE INVALUABLE ADVICE FROM EXPERTS ABOUT THE RESPONSIBILITY OF BEING A COLLECTOR. ADVISORS SHOULD CERTAINLY TAKE ADVANTAGE OF THE ACCESSIBILITY TO THIS INFORMATION THAT APAA PROVIDES – TO EDUCATE THEMSELVES AND THEIR CLIENTS!

Megan Fox Kelly
President, APAA

WEBINAR 1: BEFORE YOU BUY

We will discuss how to create a meaningful collection based on your personal needs, interests and resources. And we’ll explain the finer details of the acquisition process and how you can benefit from services of an experienced advisor even before you make that first purchase.

Participants will learn:

  • How to define your unique collection strategy
  • About the tools available to new and experienced collectors
  • When and how to work with a qualified advisor
  • The financial and personal commitment involved in collecting art

SOCIAL MEDIA IS A FORCE OF BUSINESS LIFE AND APAA HAS PROVIDED SEVERAL EXCELLENT PANELS ON THE BEST WAY TO TAKE ADVANTAGE OF OUR FREE 2.0 WORLD.

WHAT ARE SOME RECENT EVENTS? WHAT DID THEY EMPHASIZE? HOW CAN APAA MEMBERS TAKE ADVANTAGE OF THE FREE MARKETING THAT SOCIAL PLATFORMS PROVIDE?

Social media can be a real benefit for independent entrepreneurs, and Instagram has had an enormous impact on our field.  The most important take away from our social media panel at Phillips last fall was the importance of a distinct point of view, and the need for a strong narrative. APAA’s own social media focuses primarily on Facebook as a vehicle for sharing articles and information about the art field, and on Twitter for sharing information in real time.

WEBINAR 2: LEGAL AND TAX CONSIDERATIONS IN COLLECTING

Diana Wierbicki
Withers Bergman

Diana Wierbicki’s practice is focused on art law dealing with purchases, sales, loans, consignments and charitable giving of works of art. Diana has counseled art collectors and art dealers on all aspects of their art transactions. Diana is also a member of the Wealth Planning practice group and advises high net worth individuals and their families on tax, trust and estate planning matters, as well as on commercial transactions associated with that planning.

 

ANOTHER ASPECT OF APAA THAT I ADMIRE IS THE SUPPORTIVE WORKING RELATIONSHIP THAT MEMBERS HAVE WITH EACH OTHER IN A VERY ENTREPRENEURIAL AND COMPETITIVE INDUSTRY. HOW DO YOU GO ABOUT ENCOURAGING THE SPIRIT OF EXCHANGE?

The collegial spirit of APAA builds on the reasons that APAA was founded nearly 30 years ago – to share best practices and adhere to an ethical working style. APAA members are drawn together by our mutual respect and shared philosophies.

HOW WILLING ARE APAA MEMBERS TO SHARE THEIR EXPERTISE WITH NEWER ADVISORS?

Education and mentoring are important aspects of professional development, and ensure continued best practices in the field.  Although APAA membership requires at least five years running one’s own advisory practice, with an additional five years of experience in the field prior to that, APAA as an organization provides as much foundational information as possible to help guide newer advisors as they grow into their practice.

 

WEBINAR 3: COLLECTION MANAGEMENT

Andrea Wood
Independent art registrar and art management

Participants will also learn about the importance of collections data management, inventories and databases, proper installation, storage, packing and shipping, fine arts insurance, condition reports and conservation, and managing loans to exhibitions.

Andrea Wood, independent registrar and art management consultant, has over 22 years registration experience. Through her New York based business, Andrea Wood Art Management, she currently manages art collections for private collectors and artists, as well as working with museums and galleries on exhibitions and collections projects.

HOW DO YOU PROVIDE INFORMATION ON THE SERVICE INDUSTRY (TRANSPORT, INSURANCE, CONSERVATION) THAT IS CRUCIAL TO AN ART ADVISOR? WHAT ARE SOME CATEGORIES OF INFORMATION THAT ARE AVAILABLE?

One of the great aspects of membership is our ability to tap into each other’s expertise. If you need an installer in Shanghai or a framer in Dubai, an APAA member will have a suggestion for you. These contacts and resources – appraisers, framers, installers, insurance experts, lighting specialists, photographers, shipping/storage experts – are part of a database maintained by APAA that is accessible to APAA members.

YOU  HAVE PROVIDED EXCELLENT WEBINARS, ONE BY THE CURRENT PRESIDENT OF APAA, MEGAN FOX KELLY, AND ANOTHER BY A PERSONAL AND PROFESSIONAL FRIEND, EXPERT ART ATTORNEY DIANA WIERBICKI, PARTNER AND GLOBAL HEAD OF ART LAW AT WITHERS. CAN ANYONE GAIN ACCESS TO THESE COURSES AND HOW?

APAA’s Four Stages of Collecting series can be found on-line at One Art Nation. In addition to Megan Fox Kelly and Diana Wierbicki, there are webinars with experts Andrea Wood, registrar and co-founder of ARCS, as well as Peggy Hollander, founder of The Succession Group – an advisory firm focused on wealth transfer and succession planning.

THE FOUR STAGES OF COLLECTING PROVIDE INVALUABLE ADVICE FROM EXPERTS ABOUT THE RESPONSIBILITY OF BEING A COLLECTOR. ADVISORS SHOULD CERTAINLY TAKE ADVANTAGE OF THE ACCESSIBILITY TO THIS INFORMATION THAT APAA PROVIDES – TO EDUCATE THEMSELVES AND THEIR CLIENTS!

WEBINAR 4: COLLECTING FOR THE NEXT GENERATION

Peggy Hollander
The Succession Group

Peggy M. Hollander is the founder and managing partner of The Succession Group. Under her leadership, The Succession Group has gained widespread recognition for its capabilities in creating innovative, customized, insurance-related wealth-transfer and multi-generational business succession plans for an exclusive roster of high-net-worth individuals, families, and affluent business owners.For more than 20 years Ms. Hollander has applied her professional knowledge and experience serving the needs of clients, providing advice and counsel regarding succession planning not only for financial assets, but for other valuables such as art collections. 

THE SUCCESSION GROUP, NEW TO THE LRFA BLOG, IS A TERRIFIC FIRM FOCUSING ON LEGACY ISSUES IN COLLECTING

Part I: Before You Buy – This first session covers the best way to embark on your journey as a collector.
Part II: Legal and Tax Issues – This second session discusses the legal and tax issues that are essential knowledge for art collectors.
Part III: Managing your collection – This session explains how utilizing a registrar can be an asset to your collection, weighing in on topics such as finding a qualified contract registrar and what a registrar does.

IN OUR NEXT LRFA BLOG, WENDY CROMWELL, APAA BOARD MEMBER AND FOUNDER OF CROMWELL ART LLC, WILL SHARE THE APAA’S VISION OF THE FUTURE OF THE ART MARKET AND THE APAA’S INTEGRAL ROLE.

PLEASE JOIN US. IF YOU HAVE QUESTIONS AND COMMENTS, HERE ARE THE EXPERTS WHO CAN ELOQUENTLY ANSWER ANY AND ALL!

On a personal note

To Everyone who donated:

Thank you all for your phenomenal response to my appeal to support the documentary, Stronger for Life, the story of Ilaria Montagnani, founder of Powerstrike, an athlete and fitness expert and her battle with cancer.  Your generosity of heart has meant more than I can say.

To those who meant to and it got lost in the deluge of emails and texts that assault us on a daily basis, please go to  www.strongerforlife.film to donate and for anyone who didn’t have the time to spread this appeal to your social media community of friends, family and colleagues, I hope you will take the time to do so now.

Thanks to the editor, the consulting producer and Ilaria’s vision and determination, this is turning out to be an impactful and powerful film – it can help so many people, not only cancer victims and their families, but everyone who has to overcome life’s challenges—and that, I guess, means all of us.

So many thanks,

Leslie

Leslie Rankow

Executive Producer

Stronger for Life

 

Fostering education and scholarship at the Association of Professional Art Advisors (APAA)

APAA Members Megan Fox Kelly and Todd Levin on Giving Advice in the Global Art Market
Dickinson Gallery
Expressionism in Europe

THE ASSOCIATION OF PROFESSIONAL ART ADVISORS OFFERS A BROAD SPECTRUM OF SPECIALIZATIONS IN NUMEROUS GEOGRAPHICAL LOCATIONS. SPECIALISTS WITH A KNOWLEDGE OF PRE-19th CENTURY ART AND 19th CENTURY ART HAVE PASSED THE APAA’S RIGOROUS MEMBERSHIP REQUIREMENTS AS WELL AS THOSE IN IMPRESSIONIST AND MODERN AND POST-WAR AND CONTEMPORARY ART. APAA MEMBERS ARE RECOGNIZED EXPERTS IN THEIR FIELDS AND ARE COMMITTED TO PROMOTING THE VALUE OF ART IN PUBLIC AND PRIVATE SECTORS. THEY ARE LOCATED IN EVERY REGION OF THE UNITED STATES AND INTERNATIONALLY AS WELL.

TODAY, WE WELCOME BACK WENDY CROMWELL, FOUNDER AND PRINCIPAL OF CROMWELL ART LLC, WHO SERVES ON THE BOARD OF THE APAA AND ON ITS MEMBERSHIP COMMITTEE, TO TELL US APAA WITH TODAY’S FOCUS ON THE MANY ART-RELATED PANELS AND DISCUSSIONS THAT THE APAA OFFERS IN ADDITION TO THE ART ADVISORY SERVICES OF TRUSTED SPECIALISTS IN MANY REGIONS AND AREAS OF COLLECTING.

https://artadvisors.org

Yayoi Kusama
Flowers That Bloom at Midnight
33 Tehama residential tower, San Francisco

WENDY, HOW DID THE ORGANIZATION GROW AND HOW LARGE IS IT NOW?

APAA currently has 170 members. Membership is by invitation, and the organization has grown slowly over time.

WHAT IS THE DEFINITION OF AN APAA ART ADVISOR? ARE THERE SPECIFIC CREDENTIALS OR CERTIFICATES YOU REQUIRE?

An APAA art advisor ensures that you will be given advice from an impartial, experienced professional who works only on your behalf. An art advisor will find the appropriate artwork for you to consider, help you assess the condition and materials, analyze the current market and assist you in negotiating the best possible price. The global art market can be opaque and confusing, and a good advisor will be able to expertly navigate that world for you. 

APAA members have a demonstrated expertise in the art market and maintain good working relationships within the arts community. We expect members to have a depth of knowledge in a broad range of areas including museum-quality methodology and all aspects of the care and maintenance of fine art collections.

Jim Campbell
Salesforce Tower, San Francisco

WHAT ARE SOME OF THE COLLECTIONS, BOTH PERSONAL AND CORPORATE, THAT HAVE BEEN FORMED BY APAA MEMBERS?

APAA members tend toward discretion, and they are actively engaged with their clients.  In our 2016 survey of members, 27% of those at liberty to respond purchased more than $330 million in works at auction – a 75% increase over 2013.  37% of those at liberty to respond purchased nearly $374 million in works of art at galleries and art fairs during the past three years between 2013 and 2016.   13% of respondents purchased $863,000 worth of art on-line – on-level with 2013 results. In a first time measurement, 27% of respondents sold more than $136,000,000 in art work on behalf of their clients.  Additionally, 45% of APAA respondents commissioned work directly from artists.

HOW DO YOU MONITOR THE ADVISORS TO INSURE THESE STANDARDS ARE MAINTAINED?

APAA has excellent working relationships with advisors, private dealers, gallerists, auction houses and service providers.  Should someone believe that an APAA member has acted in violation of the organization’s Code of Ethics, APAA will investigate, and, if appropriate, hold a hearing of the Professional Practice Committee. Violation of the APAA Code of Ethics may be grounds for expulsion from the organization.

FORTRESS
Museum Quality Storage and Services

YOU PROVIDE WONDERFUL LECTURES AND SEMINARS OPEN TO APAA MEMBERS ACROSS THE COUNTRY, RECENTLY A PANEL DISCUSSION ON RISK MANAGEMENT WITH FORTRESS, A PRESTIGE ART STORAGE AND TRANSPORT FIRM AND RISK STRATEGIES COMPANY, A NATIONAL BROKERAGE.  WHAT ARE SOME OF THE OTHER PANEL DISCUSSIONS THAT APAA HAS ORGANIZED?

APAA has a conference on public art coming up in San Fransisco that will focus on two new projects – Jim Campbell’s work at the Sales Force Tower, and Yoyoi Kusama’s work at 33 Tehama – as well as tours of Dolby Labs and Facebook’s art programs, among others.  We’re also planning an event in Los Angeles in May focused on shipping, insurance and registrarial practices for collectors and advisors.  We’ve filmed a number of our previous panels and they can be found on the APAA website, as well as on One Art Nation.

ON OCTOBER 29, 2018 APAA OFFERS A WONDERFUL PANEL DISCUSSION AT THE EXCEPTIONAL TEFAF FAIR, NEW YORK FALL, AT THE PARK AVENUE ARMORY, MODERATED BY THE SENIOR CURATOR FOR COLLECTIONS AT THE GUGGENHEIM MUSEUM, SUSAN DAVIDSON, JUST ONE OF ITS MANY INFORMATIVE AND HIGHLY RELEVANT EVENTS.

TEFAF
NY Fall 2018
Park Avenue Armory

JUDGING ART: VETTING IN THE WORLD’S TOP MUSEUMS, ART FAIRS AND ART COLLECTIONS

TEFAF NY Fall

Monday, October 29, 2018 at 11 am

To present a truly exceptional selection of artwork, whether for a museum exhibition, an international art fair booth or a private collection, art experts must follow a strict vetting process which separates the artistic wheat from the chaff. They rely on excellent connoisseurship and at times state-of-the-art scientific tools to evaluate historical importance, condition, provenance, and various intangible factors to determine whether an artwork makes the cut. This panel of specialists reveals their own backstage stories about how certain outstanding objects were chosen and others eliminated and the difficult decision-making that is a part of the process.

PANELISTS

Pierre Terjanian, Arthur Ochs Sulzberger Curator in Charge, Department of Arms and Armor, The Metropolitan Museum of Art

Elizabeth Szancer, Art Advisor, ESK Art and Vice-President, Association of Professional Art Advisors

Emanuela Tarizzo, Gallery Director, Tomasso Brothers Fine Art

MODERATOR

Susan Davidson, art historian and curator, former Senior Curator for Collections & Exhibitions, the Solomon R. Guggenheim Museum

IN OUR NEXT LRFA BLOG POST, WENDY CROMWELL OF CROMWELL ART, LLC, AND BOARD MEMBER OF APAA, SPEAKS ABOUT THE COLLEGIAL NATURE OF THE ASSOCIATION. ART DEALING AND ADVISING IS A COMPETITIVE BUSINESS, WITH A FAIRLY LIMITED NUMBER OF COLLECTORS IN THE CONTEXT OF THE OVERALL POPULATION, WITH A FOCUS ON A FEW MAJOR U.S. CITIES SUCH AS NEW YORK, LOS ANGELES, DALLAS, CHICAGO AND SAN FRANCISCO.  IT IS REFRESHING TO SEE THE COLLABORATIVE AND HELPFUL NATURE THAT EXISTS BETWEEN MEMBERS OF THE APAA.

MORE TO FOLLOW!

The Art Business Conference Launches First Asia Edition in Shanghai on November 9, 2018

The Art Business Conference Launches First Asia Edition in Shanghai, November 9th 2018

The Art Business Conference (ABC) and YT Media (YT) announce an exclusive partnership to co-host The Art Business Conference Asia edition in Shanghai on November 9th, 2018, during the Shanghai art fair week.

IN A RECENT LRFA BLOG POST, WE ASKED LOUISE HAMLIN, FOUNDER AND ORGANIZER OF THE ART BUSINESS CONFERENCE IN LONDON AND NEW YORK WHAT HER AMBITIONS WERE FOR THE FUTURE, AND SHE STATED HOLDING A CONFERENCE IN ASIA. KNOWING HER, IT IS NO SURPRISE THAT SHE HAS MADE HER GOAL COME TRUE, AND VERY QUICKLY, AND THE FIRST ASIA EDITION OF THE ART BUSINESS CONFERENCE WILL BE LAUNCHED IN THE MARVELOUS CITY OF SHANGHAI ON NOVEMBER 9th, 2018.  CONGRATULATIONS, LOUISE!

INTRODUCING KEYNOTE SPEAKER

FRANCESCO BONAMI

 As a leading global curator, and former director of the Venice Biennale and Whitney Biennial, Francesco recently commented that the biennial model is “stale if not dead”.  Francesco will offer his perspective on the global art world and what and how technologies might impact the way we look and collect art in the future. He will discuss the mutation of what he calls “the Biennial’s disease into the art fair epidemy” and how these two phenomenon create the gallery crisis and the mega dealer syndrome.

The Art Business Conference was launched in London in 2014 and in New York in 2017 and has established itself as the leading international art market conference for senior art market professionals. The one-day conference provides an international platform and network with in-depth discussions of the dynamics of buying and selling art, plus the latest industry trends, technologies, legislation and best practice in the art market. So far in 2018, the conferences have welcomed over 350 organisations and 650 paying delegates. Both the New York and London conferences have been chaired by the internationally acclaimed art market journalist and writer, Georgina Adam, and each conference has welcomed top level speakers from museums, auction houses, art galleries, dealers, government regulators, collectors, and business professionals internationally.

YT Media is a leading digital art media devoted to creativity, innovation and origination. Founded by a veteran art journalist XU Ning in 2014 in Beijing, YT Media has been witnessing the tremendous growth of the art market in mainland China by reporting art market news both from China and internationally. In March, 2018, YT introduced a one- day conference ‘ART&_Business’ and now the addition of The Art Business Conference Asia represents an exciting growing portfolio of art events across Asia for the company.

Art Business Conference
Louise Hamlin (far left)

Louise Hamlin, the founder of The Art Business Conference, says, ‘As the conference grows, the next step for us is to launch in Asia, with some of the fastest growing and most dynamic art markets in the world. We are delighted to be partnering with YT Media to realise this ambition and to bring the first conference to Shanghai in November.’

ABOUT THE ART BUSINESS CONFERENCE

The Art Business Conference was launched in London in 2014 and in New York in 2017 and has established itself as the leading international art market conference for senior art market professionals. The one-day conference provides an international platform and network with in-depth discussions of the dynamics of buying and selling art, plus the latest industry trends, technologies, legislation and best practice in the art market. So far in 2018, the conferences have welcomed over 350 organisations and 650 paying delegates. Both the New York and London conferences have been chaired by the internationally acclaimed art market journalist and writer, Georgina Adam, and each conference has welcomed top level speakers from museums, auction houses, art galleries, dealers, government, collectors, and business professionals internationally.

Please visit http://www.theartbusinessconference.com for more information.

INSTAGRAM:art_market_minds TWITTER:@artmarketminds

ABOUT YT CREATIVE MEDIA

YT is a leading media organization devoted to creativity, innovation and origination. Specialized in the areas by the likes of art, fashion, creative and more, YT explores the tremendous potential of the ever-growing market in China with the forerunners in the industries including art, cultural, creative, technology and more.

As the only all-in-one multimedia platform in China dedicated to art and culture, YT Creative Media combines the functions of a traditional website, a mobile app and a social network. With an impressive database of 100 million users and 300 million views, it brings to the audience an all-new experience through tightly curated content, as well as top- quality original visual productions.

Committed to making art more accessible by the community, Artic Consulting, under YT Creative Media, offers organizations, government, institutions and brands consultancy services with a vision of “Art As Branding”.

A warm welcome to Wendy Cromwell of the Association of Professional Art Advisors

Wendy Cromwell
Cromwell Art LLC
Board of Directors, APAA

ART ADVISORY SERVICES CAN RUN THE GAMUT FROM THE FRIENDLY NEIGHBOR WITH “TASTE” WHO HELPS PURCHASE A PAINTING FOR OVER THE SOFA TO THE ART HISTORIAN STEEPED IN DEGREES AND A KNOWLEDGE OF A PARTICULAR PERIOD, THE ART MARKET, ITS AUCTION POLICIES, THE BEST GALLERIES AND PRIVATE DEALERS AND A CURATORIAL EYE THAT MAKES UNEXPECTED AND BRILLIANT JUXTAPOSITIONS TO ENLIVEN AND INDIVIDUATE AN ART COLLECTION. THE BEST ADVISORS ARE EDUCATORS WORKING WITH CLIENTS NOT JUST TO SELL THEM THE LATEST, HOTTEST KID ON THE AUCTION BLOCK BUT TO INFORM THEM OF THE HISTORY OF THE PERIOD AND TO PLACE WORKS IN A HISTORICAL CONTENT AND IN A QUALITATIVE COMPARISON TO OTHER WORKS.

THE ASSOCIATION OF PROFESSIONAL ART ADVISORS (APAA) IS A NON-PROFIT MEMBERSHIP ORGANIZATION OF THE WORLD’S LEADING FINE ART ADVISORS, CURATORS AND CORPORATE ART MANAGERS. WITH MORE THAN 170 INDEPENDENT ART ADVISORS FROM 31 CITIES PRACTICING IN MANY AREAS OF SPECIALIZATION, APAA’S MEMBERSHIP HAS A WIDE RANGE OF EXPERIENCE AND EXPERIENCE. SINCE IT WAS FOUNDED, ITS MISSION IS TO:

establish and disseminate the highest possible principles and guidelines for art advisors in acquiring, maintaining and presenting art for their clients. We are united by our standards of professionalism, and uphold these standards in our work with corporations, public art projects and private collections.

https://artadvisors.org

IT IS A PLEASURE AND A PRIVILEGE FOR THE LRFA BLOG TO INTRODUCE WENDY CROMWELL, PRINCIPAL OF CROMWELL ART, LLC, WHO SERVES ON THE BOARD OF APAA AND INTRODUCED ME TO THE ORGANIZATION SEVERAL YEARS AGO.

NADA Panel 2018

WENDY, WHEN WAS THE ASSOCIATION OF PROFESSIONAL ART ADVISORS FOUNDED AND WHO WERE ITS FOUNDING MEMBERS?

The Association of Professional Art Advisors was founded in 1980 under the leadership of Mary Lanier, the organization’s first president, as well as Celia Ascher, Janice Oresman and Tamara Thomas.  Janice Oresman continues to be an active APAA member. Mary was the Director of the Chase Manhattan Bank Collection, Celia put together the McRory Collection, which was eventually donated to MoMA. Tamara was working for Security Pacific and Janice was buying art for a few firms, including Amerada Hess, Chemical Bank and Simpson Thacher & Bartlett. These advisors also had private clients.

WHAT MOTIVATED THEM TO FORM AN ASSOCIATION?

APAA’s founders were at the forefront of a nascent field, in which both individuals and corporations were contacting experts with art history backgrounds and work experience in the art world to help them build art collections. And yet, there was no public, professional identity of “an art advisor” at that time. The founders recognized the need to codify best practices and created APAA as an organization to professionalize the field of art advisory. Foundational to the founding of APAA was the Code of Ethics and codification of best practices. Today, as the art advisory field has expanded beyond anything the founders could have envisioned, APAA’s presence as the trusted membership organization for the advisory field has never been more important.

Social Media Panel
Phillips New York

WHAT IS YOUR CODE OF ETHICS?

  • APAA members may not maintain inventory for sale, accept artwork on consignment or act as private dealers in any transaction.
  • APAA members maintain lawful practices, complying with state and federal laws in taxation, exercising due diligence in researching the provenance of recommended acquisitions, and refusing any requests by clients or vendors to subvert the law in any fashion.
  • APAA members should not perform services that would be, or appear to be, adverse to the interests of his or her client unless those services are fully disclosed to the client and the client provides advance consent to the services in writing.
  • APAA members do not accept financial compensation that creates a conflict of interest between the member and their client.
  • APAA members do not solicit or accept compensation from service providers or vendors.

HOW WOULD YOU DESCRIBE THE CURRENT MISSION AND GOALS OF THE APAA?

APAA’s mission is to establish and disseminate the highest possible principles and guidelines for art advisors in acquiring, maintaining and presenting art for their clients. APAA’s goal is to foster excellence in the art advisory field by emphasizing integrity, connoisseurship and education as the foundations of professional practice. 

Art Leaders Summit
Megan Fox Kelly, President APAA

 

IN OUR NEXT LRFA BLOG POST, WE WILL LEARN MORE ABOUT THIS ORGANIZATION.  ALTHOUGH THERE HAS BEEN A GREAT DEAL OF CONVERSATION ABOUT THE LACK OF TRANSPARENCY IN THE ART WORLD, FOR PEOPLE WITH A KNOWLEDGE OF HOW IT WORKS, IT IS AS CLEAR IN ITS FORM AS ANY MARKET. THE APAA CERTAINLY CONTRIBUTES ENORMOUSLY IN SUPPORTING THE INTEGRITY AND SCHOLARSHIP OF AN INTEGRAL PART OF THIS WORLD, THE ART OF ART ADVISING.

TO BE CONTINUED…