Smart Art Collecting: Buying from Galleries
How To Count Money | Personal Finance
by William S Jiggetts
2y ago
Get expert advice on purchasing art from galleries for your growing collection. Get expert advice on purchasing art from galleries for your growing collection. We believe collectors should have all the resources they need to acquire and manage their art collection. One way to better navigate the world of art collecting is talking to experts. One of Denver’s top gallery owners, Jim Robischon of Robischon Gallery, shares how he and his wife, Jennifer Doran, have worked with collectors for over 40 years. He also provides sage advice around acquiring new art. How did you start Robischon ..read more
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How Maintenance Tracking Saves Your Art Collection
How To Count Money | Personal Finance
by William S Jiggetts
2y ago
From the second you buy an artwork, your collection starts to age and needs attention.  As your art collection grows and ages, the demands get higher and higher. Luckily, there are online tools to help you preserve your collection with proper condition and conservation tracking. Learn how established collections around the country take care of their cherished artworks. Introducing Artwork Archive’s Maintenance Tracking Due to the high demand for conservation tools, Artwork Archive, an online art collection management system used by organizations like Neiman Marcus, Brown University, San ..read more
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So You Want To Be a Serious Art Collector?
How To Count Money | Personal Finance
by William S Jiggetts
2y ago
Well, there are serious art collectors and then there are trend-followers. Where do you fall? There’s also a big difference between building an art collection and buying a piece of art. Creating an art collection takes skills, passion and dedication to develop personal tastes, industry relationships and buyer confidence. Having a good sense of instinct and intuition will help you on your way, but for most successful art collectors, having a strategic process for buying art is required. The art market is a tricky terrain to navigate as trends change and artists come in and out of favour. Every ..read more
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Art Collecting: The Thrill of the Hunt
How To Count Money | Personal Finance
by William S Jiggetts
2y ago
The art world has a reputation as being closed and dynamic so it’s no wonder starting an art collection can be intimidating. If you don’t come from a family of art collectors and have no prior experience collecting art, where do you start? The thrill of the hunt drives most collectors to buy art and there is no shortage of it. From different art movements to different mediums, there is something for everyone. But how do you navigate this unpredictable and vast market to grow an art collection you can be proud of? It’s true, you will not like everything you see. Since you are going to live wit ..read more
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Charitable Giving Requires Thoughtful Planning
How To Count Money | Personal Finance
by William S Jiggetts
2y ago
The easiest way to give to charity is to write a generous check or to donate appreciated securities to the organization whose mission you find meaningful and worthy.  But for philanthropic investors, highly compensated executives and successful business owners, founders or entrepreneurs, donating privately held assets is a tax-efficient and effective funding alternative. Privately held assets would include C-corp/S-corp stock, restricted stock, limited partnership or LLC interests. They’re also referred to as complex assets. Those types of assets usually have a relatively low cost-basis ..read more
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Surprising Threats to Your Art Collection
How To Count Money | Personal Finance
by William S Jiggetts
2y ago
Fire, hurricanes, and floods are not the only risks to your collection. Sure, we all know about the major threats to our cherished artworks like theft and natural disasters. But, there are other risks that are less covered in the news and equally as harmful. Here are some threats to collectors and art collections that we think you should know about. Cyber risk Your artwork is part of your home. It’s the backdrop of your day-to-day. So, it most likely appears in your social media. Consider how you share your spaces digitally. You may have secure inventories and then do something banal like upl ..read more
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Smart Art Collecting: Buying from Galleries
How To Count Money | Personal Finance
by William S Jiggetts
4y ago
Get expert advice on purchasing art from galleries for your growing collection. Get expert advice on purchasing art from galleries for your growing collection. We believe collectors should have all the resources they need to acquire and manage their art collection. One way to better navigate the world of art collecting is talking to experts. One of Denver’s top gallery owners, Jim Robischon of How did you start Robischon Gallery? I was a photo student when I opened my gallery in 1976. I showed black & white photography by professors and notable local people like Ron Wuhlauer. But ..read more
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Is She Going To Emerge Or What?
How To Count Money | Personal Finance
by William S Jiggetts
4y ago
If you’ve ever read anything about art collecting – How To Collect Art, Getting Started In Art Collecting, Of course, if you like the art you should buy it. The differentiating factor is price/value. I have an annual The definition of “ Fancy Book Learn'n… Formal education is one. Outsider Artists (generally those who haven’t attended a fine arts program at a recognized university arts program) are a legitimate category, but if you’re looking at buying art as a Where Have You Been, and What Did You Do There, and Who Saw You..? Have a look at the artists' exhibition history. Are they showing ..read more
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Eating Your Cake and Having Your Cake…and Buying More Cake.
How To Count Money | Personal Finance
by William S Jiggetts
4y ago
Art collecting is not new. Art lending and financing is relatively new. It is quickly growing to be a sizable business niche. Art lending was estimated at $17 to $20 billion in 2017 in the U.S., a significant rise from the prior year (per Deloitte). Why the sudden and rapidly growing interest in art financing? Two primary factors are 1) the skyrocketing values of private art collections as some works have become very expensive, and 2) historically low-interest rates that make it attractive to borrow to pursue other opportunities. According to Art Advisory & Finance at Citi Private Bank ..read more
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Legacy Planning - How Do You Do That?
How To Count Money | Personal Finance
by William S Jiggetts
4y ago
Legacy planning is the ultimate in deferred gratification. Sacrificing now for rewards later is difficult at best for most people. Imagine putting off seeing the results of your efforts forever, because you’ll be dead when your plans come to fruition. Prepping for benefits you’ll never see is another thing. How do you do that? First, remember that you’ve come this far by hard work and sacrifice. Your business, your career, your portfolio are all the result of hard work and sacrifice. Of course, all of those are things that you see and enjoy now (or soon), while you’re alive. You can see arra ..read more
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