Leslie Rankow Fine Arts

INTERNATIONAL ART ADVISORY SERVICE

Category: Uncategorized

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…

Shifting tastes: the market for American art with expert Debra Force of Debra Force Fine Art

AT THE AMERICAN ART AUCTIONS, FINE PAINTINGS, SCULPTURES AND WORKS ON PAPER ARE OFFERED FROM THE COLONIAL TO THE POST-WAR PERIOD, INCLUDING WORKS BY THE HUDSON RIVER SCHOOL, THE AMERICAN IMPRESSIONISTS AND THE ASH CAN SCHOOL. OVER THE PAST DECADE, THE AMERICAN ART DEPARTMENT AT CHRISTIE’S STATES THAT IT HAS SET MORE THAN 100 WORLD RECORDS, ACHIEVING RECORD PRICES FOR IMPORTANT NAMES SUCH AS EDWARD HOPPER, ANDREW WYETH AND GEORGIA O’KEEFFE. HOWEVER, BOTH THE AUCTION HOUSES AND GALLERIES SPECIALIZING IN THIS AREA HAVE SEEN A DOWNTURN IN THIS MARKET.

https://www.christies.com/departments/American-Art-3-1.aspx

ONE OF THE EXCEPTIONS WAS THE CHRISTIE’S SALE OF THE EXTRAORDINARY DAVID AND PEGGY ROCKEFELLER COLLECTION THAT REPRESENTED ONE OF THE BEST SINGLE OWNER COLLECTIONS TO COME TO MARKET. HIGHLIGHTS OF AN AMERICAN ART COLLECTION DESCRIBED AS “VIRTUALLY ENCYCLOPAEDIC” INCLUDED EDWARD HOPPER’S CAPE ANN GRANITE, PAINTED IN THE SUMMER OF 1928 ($8.4m), GEORGIA O’KEEFFE’S NEAR ABIQUIU, NEW MEXICO ($8.4m) and MILTON AVERY’S WOMEN WITH REBOZA ($2.5m). THIS SALE, HOWEVER, WAS AN EXCEPTION TO THE GENERAL CLIMATE OF THE AMERICAN MARKET.

WE ARE FORTUNATE TO HAVE DEBRA FORCE, OF DEBRA FORCE FINE ART, A SEASONED EXPERT IN AMERICAN ART OF EVERY PERIOD, PROVIDE HER ANALYSIS OF THE PRESENT AND FUTURE MARKET IN AMERICAN ART.

http://www.debraforce.com/

DEBRA, HOW DO YOU VIEW THE AMERICAN MARKET AT THE PRESENT TIME AND HOW HAS IT CHANGED IN THE LAST DECADE?

The traditional American art market is stable.  It had been at its height up to 2008, but became much softer after that date.  As collectors become older, they are no longer buying as much and younger people do not seem to have an interest in this aspect of Fine Art.  Thus, we are dealing with a more limited market base and of course, do not have international interest in this area. 

Prices for many things are much reduced from what they were over ten years ago, particularly for early and historical material, genre painting, Hudson River painting, and Ashcan artists.  However, we are seeing some revitalization with certain artists in these areas as well as with the American Impressionists.  For those looking for this type of material, there are more reasonable prices and, in some cases, bargains to be had.  Museums are finding that they can now buy artists on their wish lists that fall into these categories. 

Joseph Stella
The Red Pitcher
Oil on canvas

American Modernism and Regionalism, as well as works by African-American and women artists, are very hot, while Surrealism and Magic Realism are rising in popularity. Many of the post-war second- and third-tier Abstract Expressionists are also coming under the umbrella of traditional American art as we move more solidly into the 21st Century.

WHAT DO YOU SEE AS THE FUTURE OF THE AMERICAN ART MARKET? DO YOU FEEL THAT SOME OF THE LESSER KNOWN ARTISTS WHO WERE WILDLY COLLECTED BY THE LAST GENERATION WILL REBOUND IN TERMS OF PRESENCE AND PRICE?

It is my hope that younger people will turn to and revere traditional American art, which suffers somewhat like the American furniture and decorative arts market, as time marches on.  To do so, American history needs to be taught at both secondary and college levels, museums need to exhibit this type of art and not just focus upon what is “sexy” or of the moment, and auction houses and galleries need to embrace it, rather than shying away from it. 

Milton Avery
Woman with Rebozo, 1946
Christie’s sale, David Rockefeller Collection

Much of the material that is less collectible today does not receive adequate recognition in the marketplace and is routinely relegated to lesser sales or online auctions rather than in the mainstream or in prominent sales.  [Certainly, although the provenance had added cache to the works sold at the Rockefeller sale at Christie’s, the overwhelming exposure did wonders to attract buyers to much of the 19th-century material that sold for double or more what they had been making.]  The validity of the past that has much to teach us in understanding the world today as well as the evolution of Contemporary art, needs to be made apparent to younger generations. 

Georgia O’Keeffe
New Mexico – near Taos 1929
Christie’s sale, David Rockefeller Collection

The other challenge is garnering international interest in American art, as we head toward a more global society.  This is already happening to a degree as the Terra Foundation and others sponsor exhibitions of American art abroad that have been well received to the audiences there; hopefully, this will translate into the market as well. 

As older collectors divest their collections, more major works of art will presumably enter the market and therefore, should generate renewed interest among known buyers as well as attracting new ones.

Presently, buyers are more attracted to well-known artists rather than those less renowned.  Until the market for traditional American art is more buoyant overall, I fear that more minor artists will continue to be neglected.  The only departure from this state is the collectability of lesser Modernist and Post-War artists who are now embraced, as prices for the more blue-chip works from this era are escalating.

DEBRA, THANK YOU SO MUCH FOR YOUR KNOWLEDGE, EXPERTISE AND ANALYSIS OF AMERICAN ART.

IN OUR NEXT LRFA BLOG, I AM HONORED TO INTRODUCE WENDY CROMWELL, WHO SERVES ON THE BOARD OF DIRECTORS OF THE ASSOCIATION OF PROFESSIONAL ART ADVISORS (APAA), AN OUTSTANDING NON-PROFIT ORGANIZATION MADE UP OF LEADING ART ADVISORS, CURATORS AND CORPORATE ART MANAGERS. APAA IS DEDICATED TO ESTABLISHING AND MAINTAINING THE HIGHEST PRINCIPLES AND GUIDELINES FOR ACQUIRING, MAINTAINING AND SELLING ART.

PLEASE JOIN US!

 

An appeal to support Stronger for Life, a documentary in the works on fitness expert Ilaria Montagnani, breast cancer survivor

Dear Friends and Colleagues,

As you know, October is Breast Cancer Awareness month. I am writing you a personal note in my unexpected role of Executive Producer of a documentary, Stronger for Life, the story of a very dear friend and international fitness expert, Ilaria Montagnani, and her battle with breast cancer.

Ilaria is extremely private but when diagnosed two years ago, she determined that she would share her journey to help cancer victims and their families and to advocate early detection. Ilaria  is proof that her lifetime dedication to developing physical strength and fitness and to always strive to reach the highest levels of accomplishment serve to create a mental armor that can change the quality of every life in facing adversity of every kind.

Please take a minute to look at the website and trailer.

http://www.strongerforlife.film

We have an excellent editor and cinematographer, an Emmy-award winning consulting producer, strong footage which includes interviews with the cancer surgeon and plastic surgeon at Mt. Sinai,  Ilaria’s treatment choices and painful recover, the story of Ilaria’s family in Florence, Italy, and her father’s death from cancer last year, her achievements in the fitness world as a Nike Spokesperson and recipient of the Equinox Life Time Achievement Award, countless television and media coverage, and most of all, the impact, as an athlete, that cancer had on her livelihood, her work and her mission in life to help others. Ilaria’s determination and strength in the face of this diagnosis is a lesson for us all.

The Crowdfunding and Kickstarter campaigns were very successful thanks to Ilaria’s friends, family and  her fitness community  but we need more to complete the film, for post-production, film festival entries, marketing and distribution.  Some obvious organizations and charities include breast cancer groups, fitness companies, Nike, Equinox, Mt. Sinai,  women entrepreneur organizations, health brands such as Garden of Life and Bulletproof and Italian American organizations. All contributions are tax-deductible through Creative Visions’ fiscal sponsorship.

If this appeal resonates with you, please donate what you can and please share this email with your friends and colleagues. If you serve on a committee or a board that might be a candidate for corporate sponsorship or a grant, please let me know and I would be very pleased to contact them.

Thank you for your support. It means more to me than I can say

Sincerely,

Leslie

Curatorial expertise, a tradition with American art dealer, Debra Force

Debra Force at the Art Show at the Park Avenue Armory
with modernist works by Stuart Davis and Charles Burchfield

MENTION ART AUCTION AND IMAGES Of FAST-PACED AUCTIONEERS, ADRENALIN-FUELED BIDDING AND ELEVENTH HOUR DRAMA COME TO MIND. WHILE WE THINK THAT’S THE FUN PART, IT CAN ALSO FEEL INTIMIDATING TO A FIRST TIME COLLECTOR. **  THIS IS AN AREA OF COLLECTING IN WHICH EVEN THE MOST SOPHISTICATED COLLECTOR CAN BENEFIT FROM THE KNOWLEDGE AND EXPERIENCE OF AN ART ADVISOR.  DETERMINING THE VALUE OF THE WORK, GUIDING THE CLIENT IN THE BIDDING PROCESS AND ESTABLISHING A JUDICIOUS PRICE CEILING, EXAMINING THE WORK’S CONDITION AND COMPARING THIS ARTWORK TO OTHERS IN THE MARKET, BOTH CURRENTLY AND HISTORICALLY, AND ABOVE ALL, AS A COOL SAVVY AND SENSE OF TIMING IN THE AUCTION ROOM ARE ALL SKILLS THAT ARE DEVELOPED OVER THE YEARS. ONE OF THE MOST ACTIVE AND SEASONED BUYERS IN THE AMERICAN ART MARKET IN DEBRA FORCE.  I HAVE WITNESSED HER ACQUIRE SUPERB WORKS OF AMERICAN ART ON BEHALF OF PRIVATE COLLECTORS AND MUSEUMS FROM MANY AN AUCTION SALE.

TODAY, DEBRA FORCE RETURNS TO THE LRFA BLOG TO TELL US HOW SHE DOES IT.

**https://www.christies.com/buying-services/buying-guide/

http://www.debraforce.com/artists

Winslow Homer
The Red Canoe

THE CONSULTING SERVICES THE GALLERY PROVIDE A WIDE AREA OF EXPERTISE TO AN EVEN WIDER RANGE OF BOTH INDIVIDUAL AND INSTITUTIONAL ENTITIES.

DEBRA, PLEASE DESCRIBE SOME OF THE MOST SIGNIFICANT TRANSACTIONS AND WHY THEY STAND OUT.

 I have several clients for whom I buy at auction. Over the years, I have gotten to know them very well to the point that they may rely on my judgment to buy such works sight unseen. I was able to buy Winslow Homer’s “The Red Canoe” for a private collector in 1999 at Sotheby’s; it is the record price for the artist at auction.  It was truly an exciting moment as was the time I bought Thomas Hart Benton’s “Ozark Autumn” for a museum at Christie’s in 2015; it too holds the record price for the artist at auction.  The museum had been wanting a Benton for decades, and it was fulfilling to find the right work for their collection.

 

Thomas Hart Benton
Ozark Autumn

There have been surprises also.  I was bidding on an important Norman Rockwell, “Framed,” at Sotheby’s in 2002 that sold for the reserve price under its estimate of $ 800,000-1,200,000; this is unheard of with Rockwell’s work.  The reason was that the person who would have been the underbidder never made it to the auction, as they were stuck in traffic and their cell phone died.  This is the beauty of chance at auction and what can happen.

Walt Kuhn
Chico in a Silk Hat

For another private collector, I bought a terrific, very tough Walt Kuhn, “Chico in Silk Hat,” at Sotheby’s in 2005; it also holds record price for the artist at auction.  When I took the painting to install it in the client’s apartment, their miniature white dog barked and barked and hopped around the room, taking the sitter, who is an evil-looking clown, for a person.  This was my first and only experience of seeing an animal reacting to art.

And, on occasion, I work on bigger projects, such as helping a collector furnish their beach house in the Hamptons with a whole collection of works from the 1960s-1980s.  It was great fun.

IN WHAT WAYS DO YOU ADVICE TRUSTS, LAW FIRMS AND BANKS? ARE THEY SEEKING YOUR CONSULTING SERVICES ON BEHALF OF CLIENTS AND, IF SO,  WHAT ARE THE CIRCUMSTANCES?

I have not worked with trusts, law firms or banks in locating works of art per se, except for offering works that we have in inventory to Citibank’s Art Advisory Service.  However, I have helped law firms and trusts obtain proposals for selling at auction and assisting them in making a choice for the sale and in determining the best venue for the sale.

Lockwood de Forest

YOUR CURATORIAL HISTORY IS OUTSTANDING, AND EXHIBITIONS ARE OFTEN ACCOMPANIED BY SCHOLARLY CATALOGUES. ONE OF THE MOST BEAUTIFUL AND INFORMATIVE WAS “AN EXOTIC JOURNEY: THE FURNITURE AND PAINTINGS OF LOCKWOOD DE FOREST”. THIS IS A PERFECT EXAMPLE OF SCHOLARSHIP AND RESEARCH, TRACING THE TRADITION OF OUR CONTINUING INTEREST IN THE ART OF THE EAST IN GENERAL AND IN THE WORK OF LOCKWOOD DE FOREST IN PARTICULAR.

There is an ongoing tradition of westerners commissioning decorative objects from the Far East. The classic example of this trend was the China trade in the early 19th century when America was flooded with porcelains, paintings, and furniture made in China after western models.

A generation later, Lockwood de Forest (1850 – 1932) followed this pattern by commissioning decorative arts in India for American interiors. De Forest developed his interest in Indian design in the 1880s when he visited the country during his honeymoon. He eventually established a studio in the city of Ahmedabad where he had teak and brass panels fabricated for import to America for use in his furniture designs. Friend and decorator Louis Comfort Tiffany also employed de Forest’s panels in his furniture.

De Forest designed with a western lens, not striving to create facsimiles of Indian designs, but incorporating those elements into contemporary designs, as seen in this bench. The intricate panels were carved in India and then assembled with pieces manufactured in New York.

http://decoration-ancientandmodern.com/post/113350966220/an-exotic-journey-the-furniture-and-paintings-of

Cahoon Museum of American Art

WHAT ARE SOME OF THE EXHIBITIONS WE CAN LOOK FORWARD THIS YEAR?

We currently have an exhibition of Herman Maril’s Provincetown works to coincide with an exhibition at the Cahoon Museum on Cape Cod.  It will be followed by a special exhibition of newly found watercolors of the landscape and points of interest in Pennsylvania and Virginia by George Luks. We are also in the process of working on shows that feature more traditional art alongside photography and contemporary works of similar subjects.  And, given my interest in expatriate painting, we are planning an exhibition of works from France, Italy, and England from the late 19th-mid-20thCenturies.

Herman Meril:  The Provincetown Paintings September 5 – October 19, 2018

 

 

IN OUR FINAL BLOG WITH DEBRA, SHE WILL SHARE HER PERSPECTIVE ON THE CURRENT MARKET FOR AMERICAN ART AND ITS FUTURE. HER INSIGHTS ARE NOT ONLY ACCURATE BUT INVALUABLE.

PLEASE JOIN US!