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PRESENTATION OUTLINE
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Art Collecting: A Crash Course
The ins and outs of the art market + a guide to starting your own art collection
Tze Chun
Founder, Uprise Art | @tzechengchun @upriseNYC
TIME, LOCATION, DIRECTION
Given the opaque nature of the gallery world, and the high barrier to entry, there was much room for improvement.
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www.upriseart.com
@uprisenyc on Instagram and Twitter
Uprise Art maintains a strong curatorial mission, but makes art collecting friendlier, easier, and more accessible - at any price point.
@uprisenyc on Instagram and Twitter
Uprise Art maintains a strong curatorial mission, but makes art collecting friendlier, easier, and more accessible - at any price point.
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Your turn!
TODAY:
- Overview of art world
- Why collect art?
- Practical tips for collecting
PRIMARY MARKET
artwork sold for the first time
The primary market refers to the first time artwork is introduced to the market, usually by an artist selling work to a collector through their gallery.
Galleries
Galleries are the lifeblood of artists, helping them shape their voice, offering feedback, and managing all their transactions, marketing, exhibitions, and pricing.
Consultants and Advisors
Independent art advisors and consultants can be retained to help you find and purchase artwork.
Uprise Art offers this service free of charge, email advisors@upriseart.com to connect with a personal art advisor.
Uprise Art offers this service free of charge, email advisors@upriseart.com to connect with a personal art advisor.
SECONDARY MARKET
Resale of artwork
The secondary art market refers to the resale of artwork from one owner to another. This usually is from a seller to a buyer through an auction house, but can also be collect to collector, or facilitated through the original gallery or an independent dealer.
Photo by Financial Times photos
Auction Houses
Christie's and Sotheby's are the two largest players. Others include Phillips and Bonhams. Visit their websites for a calendar of sales which you can attend by RSVPing.
THE ART WORLD
Photo by Ludovico Cera
Artists
According to the NEA's studio of artist in America over the course of 30 years: https://www.arts.gov/sites/default/files/ArtistsInWorkforce.pdf
More than one-fifth of all U.S. artists live in 5 major
metropolitan areas: Los Angeles, New York, Chicago,
Washington, DC, and Boston.
More than one-fifth of all U.S. artists live in 5 major
metropolitan areas: Los Angeles, New York, Chicago,
Washington, DC, and Boston.
Collectors
Sometimes collectors will collect on a theme, or decide to support artists working in a specific place, around a concept, or in a specific medium.
WHY COLLECT?
SURROUND YOURSELF WITH ART THAT SPEAKS TO YOU
Support living artists
Live with art
Art as Investment
To follow investment grade works (works above in the hundred's of thousands of dollars), check out the TEFAF, Art Price, and Mei Moses Art Index annual reports
Art Funds
Art funds are where individual investors pool funds to collectively acquire, or invest in the production of, artwork.
PRACTICAL TIPS
Starting your art collection
WHERE
BOOKS + MAGAZINES
ArtNet
Art F City
Art Forum
Modern Painters
Hyperallergic
ArtSlant
Art in America
Art + Auction
Art Review
The Art Newspaper
ArtHaps
Artsy
Art F City
Art Forum
Modern Painters
Hyperallergic
ArtSlant
Art in America
Art + Auction
Art Review
The Art Newspaper
ArtHaps
Artsy
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Art Fairs
In the US, the largest Art Fair weeks are The Armory Show (NYC), Frieze Week (NYC), and Art Basel Miami Beach (Miami).
For passes to fairs, email tze@upriseart.com
For passes to fairs, email tze@upriseart.com
Gallery openings
Chelsea and Lower East Side galleries have numerous openings on Thursdays. Check the previously mentioned publications for listings.
MFA Shows
Hunter, Parsons, Pratt, The School of Visual Arts, Columbia and other BFA and MFA programs have end of the year shows.
Advisors
WHAT
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PRINTS & EDITIONS
Click to Edit
WHAT'S INCLUDED?
SALES TAX, FRAMING, PREMIUMS, ADVISORS
Ask questions to make sure you know exactly what will be added above the list price or hammer price (at auction).
CONNECTION
Collect art to support and build relationships with artists.
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WWW.UPRISEART.COM
TWITTER + INSTAGRAM @UPRISENYC
tze@upriseart.com
@tzechengchun
Thank you!
Stay in touch
