Ideas for New Collectors

Welcome

Dec 1

Penta features an article by Abby Schultz highlighting conversations with APAA member Suzanne Gyorgy, Global Head, Art Advisory & Finance, Citi Private Bank and APAA sponsor Naomi Baigell, Managing Director, TPC Art Finance, with thoughts for those new to collecting. Suzanne Gyorgy suggests not thinking about the future value of whatever work catches your eye. “You should buy art that excites you and that you respond to.” Established artists who may not be as well known as they once were like American modernists of the 1940s and ’50s, including Stuart Davis, Mardsten Hartley and John Marin, among many others, often aren’t featured in evening auction sales, for instance. “But they are great artists, you see them in museum collections,” Ms. Gyorgy said.

For those who don’t have the time to research and explore on their own, Naomi Baigell suggests hiring an experienced art advisor. “They not only look at art day-to-day, they have conversations about certain artists and works of art day-to-day,” “The ethical and moral aspect of the profession is that you are getting the best value for the works they are presenting to you.” Ms. Baigell also recommends artists from the 1970s and 1980s such as Al Held, Jim Dine, and Haim Steinbach, who are recently gaining some attention. “There are still some really fabulous works by those artists out there that haven’t yet come to market,” she said. Explore a range of material from various periods of time and genres, that can be developed over time into a meaningful collection. “You don’t have to acquire all of it, but it’s important to investigate and understand all of it,” Ms. Baigell said.