With the development of art investment market, more and more investors are considering investing in art. However, art investment can be risky without proper guidance. A reliable art investment consultant is crucial for success. In this article, we will discuss key factors in finding an ideal art investment advisor, including their credentials, experience, services and fees. This will help investors make an informed decision when selecting an art consultant.
Check their professional credentials and certifications
A trustworthy art consultant should have proper credentials like CFA (Chartered Financial Analyst) or AM (Accredited Member of Appraisers Association of America). These qualifications indicate they have the required skills and knowledge in art appraisal, authentication, art market analysis and art investment management. Ask for certifications and contact the issuing institutions if necessary.
Look for solid experience in art and finance
An experienced consultant understands both art and investments. Ask about their work experience in galleries, auction houses, museums or financial institutions. Long-time experience in art dealing, collecting and investments is a plus. They will have the expertise to assess artworks and guide your investment portfolio.
Understand their services and specialities
A good consultant provides services like sourcing and authenticating artworks, creating investment plans, managing collections, art financing, estate planning, etc. Understand their offerings and specialty areas like Modern Art, Chinese antiquities, jewelry, etc. Work with a consultant who specializes in your preferred art genres or artists.
Ask about their fees and compensation structure
Art consultants charge in different ways – hourly fees, monthly retainer, commissions or asset-based fees. Ask upfront about their fee structure and estimated overall costs. A transparent fee model ensures there are no hidden charges.
Check client reviews and references
Client testimonials and reviews reveal the consultant’s reputation and services. Ask for references and contact them. A reputable consultant should have a good number of satisfied long-term clients.
Finding the right art consultant is key to succeed in art investing. Do comprehensive due diligence – verify their credentials, experience, services, fees and client reviews. This helps find a reliable advisor who understands your goals and builds a profitable art portfolio.