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

by leslierankowfinearts

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!