Shion Hamazumi’s Post

For art collectors, understanding the nuances between the primary and secondary markets is essential for making informed and strategic decisions. Therefore, we have highlighted the key aspects of each market to help you navigate this universe. In the primary market, artworks are sold for the first time, often directly from the artist or their representing gallery. Acquiring art in the primary market means not only owning an original piece but also directly supporting the artist, helping to propel their career. This market is particularly attractive for those looking to invest in emerging talent, as the prices are often more accessible and hold significant potential for appreciation as the artist gains recognition. The secondary market involves the resale of artworks that have had previous owners, often through prestigious art advisors, auction houses and galleries.   Purchasing in the secondary market provides additional investment assurance, as these works have stood the test of time and trends, demonstrating a track record of appreciation. However, initial prices can be higher due to the proven quality and demand for the piece. Choosing between these markets depends on your goals. At Sophie Su Art Advisory, our expertise ensures you navigate either of them with confidence. Explore the art world with us and find your next valuable and inspiring piece. #ArtMarket #ArtCollection #PrimaryMarket #SecondaryMarket #ArtInvestment #SophieSuArtAdvisory

Ever wondered about the difference between primary and secondary art markets? The primary market is where art makes its debut, sold directly from the artist or through their gallery. It's all about supporting emerging talent, with prices based on current reputation. This is where art lovers connect directly with artists, becoming patrons of their early career. In contrast, the secondary market is the art world's resale hub. Think auctions and prestigious galleries dealing in works by established or late artists. Here, prices soar based on an artist's fame, rarity of the piece, and historical value. It's a realm of collectors and investors, where art is more than beauty—it's a valuable asset. #artsales #artadvisor #artadviser #artcollecting

Try different ways to buy art ◦ Online galleries and portals, from small private galleries to huge global portals, where you can simply get lost and end up finding nothing in the crowd, because there are so many really good works of art. It's easy to get lost. ◦ Visiting a real gallery space will always be more enjoyable than online reviews. Be sure to visit local galleries to discover new artists and established names. Ask about anything that interests you. Take your time to buy, always enjoy the pleasure of searching, interacting with gallerists and curators who will always give advice, tell incredible stories and you will have a great time. In private galleries, you can book an appointment, then the gallerist will communicate only with you. ◦ Art fairs and exhibitions are a very important and interesting aspect: attend these events to learn about artists and market trends. ◦ Publications: Art magazines and catalogs also provide valuable insights. Sometimes they help you discover incredible artists and works of art. ◦ Auctions are another exciting experience. Browse art auctions for both established and emerging artists. ◦ Social networks can also be an interesting space of discovery. ------------------------------ #collectart #newartcollector #startcollectingart #artinvestment #buyart #artsales #artcollect

Try different ways to buy art ◦ Online galleries and portals, from small private galleries to huge global portals, where you can simply get lost and end up finding nothing in the crowd, because there are so many really good works of art. It's easy to get lost. ◦ Visiting a real gallery space will always be more enjoyable than online reviews. Be sure to visit local galleries to discover new artists and established names. Ask about anything that interests you. Take your time to buy, always enjoy the pleasure of searching, interacting with gallerists and curators who will always give advice, tell incredible stories and you will have a great time. In private galleries, you can book an appointment, then the gallerist will communicate only with you. ◦ Art fairs and exhibitions are a very important and interesting aspect: attend these events to learn about artists and market trends. ◦ Publications: Art magazines and catalogs also provide valuable insights. Sometimes they help you discover incredible artists and works of art. ◦ Auctions are another exciting experience. Browse art auctions for both established and emerging artists. ◦ Social networks can also be an interesting space of discovery. ------------------------------ #collectart #newartcollector #startcollectingart #artinvestment #buyart #artsales #artcollect

[Selling Art in America: Online Platforms vs. Traditional Galleries] Selling art in America is a dynamic landscape, with artists navigating two primary channels: online platforms . . . https://lnkd.in/d-ZcnES7

There are so many reasons a pop-up art gallery could be good for your art gallery business and there are no limits to how you can do it.  The scariest part is the planning of the first one.  To make that easier, keep your goals simple and specific.  Choose a location that offers your business something your current location may lack. Don’t push the timeline to be too short for due diligence on location, resources, and marketing potential.  These are all elements of your pop-up gallery that need to be done well to be profitable.  Use the opportunity to take some risks and step outside your comfort zone.  You never know which of those risks will pay off tenfold. A resource like Gallery Fuel could help you take your art gallery business to the next level. Click the link in bio to learn how to join Gallery Fuel. #artsales #sellingartonline #sellmoreart #galleryfuel #artbusiness #artdealing #galleryowner #artbusinessconsulting

Try different ways to buy art ◦ Online galleries and portals, from small private galleries to huge global portals, where you can simply get lost and end up finding nothing in the crowd, because there are so many really good works of art. It's easy to get lost. ◦ Visiting a real gallery space will always be more enjoyable than online reviews. Be sure to visit local galleries to discover new artists and established names. Ask about anything that interests you. Take your time to buy, always enjoy the pleasure of searching, interacting with gallerists and curators who will always give advice, tell incredible stories and you will have a great time. In private galleries, you can book an appointment, then the gallerist will communicate only with you. ◦ Art fairs and exhibitions are a very important and interesting aspect: attend these events to learn about artists and market trends. ◦ Publications: Art magazines and catalogs also provide valuable insights. Sometimes they help you discover incredible artists and works of art. ◦ Auctions are another exciting experience. Browse art auctions for both established and emerging artists. ◦ Social networks can also be an interesting space of discovery. ------------------------------ #collectart #newartcollector #startcollectingart #artinvestment #buyart #artsales #artcollect

NEW REPORT: Contemporary art market confidence is slowly creeping back After the ArtTactic Confidence Indicator reached a low point in July 2023, our latest reading in January 2024 came in at 38, which could signal that confidence is creeping back into the art market at the beginning of this year, although the negative market sentiment continue to outweigh positive voices in the market. After the global Contemporary art auction market declined in 2023, on the back of increasing economic and geo-political uncertainty, it looks like experts surveyed by ArtTactic are starting to feel that the worst might be over and that a bottom has been reached. See Report: https://lnkd.in/esT-c-Xj #art #artmarket #outlook2024 #confidence #contemporaryart #contemporaryartist

The presale valuation for this May's auctions is down significantly from two years ago and 17% from last year. That might seem like this is an auction season to skip. But the real work of building markets takes place in these periods. The art market is getting more diverse in the sense that more buyers are interested in a broader number of artists. There's also a turn toward historical artists taking place right now. All of this is to say, that we're paying close attention to the art market and bringing our observations to you. Read my latest here: https://lnkd.in/e9Zha4ks

Gilbert Stuart's Portrait of George Washington is up for sale at Christie’s. The Metropolitan Museum of Art in New York is set to part ways with a Gilbert Stuart portrait of George Washington, a piece it has safeguarded for 80 years, as part of a Christie’s auction of American art this January. Painted in 1795, the artwork captures Washington in the twilight of his presidency, representing one of over 100 Stuart portraits of the first U.S. president. Although the Met possesses a more renowned Stuart piece from the same year, the upcoming auction is expected to fetch between $1.5 million and $2.5 million for the iconic depiction. While this anticipated sale may not surpass Stuart’s 2018 auction record of $11.5 million, set by another Washington portrait once owned by Peggy and David Rockefeller, it reflects a common practice among museums known as deaccessioning. Museums often auction duplicates or pieces no longer aligned with their institutional focus. In the Met's case, the proceeds from the Stuart portrait will contribute to a fund dedicated to future acquisitions, aligning with guidelines set by the Association of Art Museum Directors (AAMD). The AAMD had temporarily eased deaccessioning guidelines during the pandemic, allowing museums more flexibility in auctioning art. However, such decisions were occasionally met with controversy, exemplified in 2020 when the Baltimore Museum of Art faced backlash for attempting to sell works by artists like Andy Warhol and Brice Marden in the name of diversity. The Met, having previously deaccessioned works, including a Pablo Picasso sculpture that fetched $45 million in 2022, remains committed to maintaining and expanding its collection through strategic sales. For more sales of top artworks and artists, please click the link below: https://lnkd.in/djeYAkza #artist #artandauction #topauctionhouse #artworksforsale #upcomingauctions #toplots #artistindex #artist #artbider #christies #Gilbertstuart #GeorgeWashington