Urban Art Association

For Sale: Crashone (CRASH) Tondos, by zacksz 123123 on Nov 5, 2020 15:55:01 GMT 1,

Nov 5, 2020 15:39:24 GMT 1 tesla said:

Nov 5, 2020 0:25:15 GMT 1 sfnyc said:

This doesn't sound right fyi. If you let others define your taste, then they will see you like a flip-flopper with no taste and will consider you just another dude collecting art for social status. You made "mistakes" overpaying other works but openly selling your collection will burn you as well. You do not have to replace your taste by what respected fancy gallery salesmen say, or they will sell you their left overs - not their prime pieces. If you want to earn respect with your art collection, grow and develop your own taste and stand by it, no matter the artist. 

Get an Artnet database subscription, look at good auction catalogs from Phillips, Sotheby's Christies in Europe / US only for now (given the current hype in Asia), see who's going up or being disregarded down and why, be a contrarian in the art market and you will be more respected than by being a follower. Ignore the hype. Hire an advisor to close deals for you (and remain as anonymous as you can to the rest of the art world when buying over 500k).

Thanks for your suggestion! I have gotten the subscription for the Artnet database as you suggested; also, I have many catalogs from evening sales sent by Sotheby's and Christie's, will dig into them more.

Being contrarian is also great advice, thanks. I'm avoiding what's hot in the market (Black emerging figurative especially. I bought some canvases from 2016 before the market sector exploded and will keep them in my collection. Still, I'm wary of the high prices of certain galleries trying to sell works of Black emerging artists with no sounding work placements nor institutional shows) and get unique smaller below $200K works from artist estates at the suggestion of a good AA I'm working with.

I'm parting ways with certain Street art and Hype works from my collection not only due to my taste change but also the advice from my AA and several blue-chip galleries' directors that in order to take my collection to the next level, certain things must go. (my family has been collecting for quite a while, and needless to say, I went through a rebellious phase of exploring my own taste)  

TBH I'm a bit disappointed seeing the work placements of certain Hype and Street artists. I heard and witnessed how certain galleries will send the full worklist with prices to any random Gmail without filtering collectors and thinking about how to protect early collector's investments by selling to equal caliber collectors. I have to think more prudently about what to buy and what not to buy.

Thanks for this great forum. I'm learning a lot from you guys and will continue to do so.

I believe a MutualArt account is also quite helpful as you get a gauge on where artists prices are going. I would also say to track SBI but not to let that auction house sales to turn your hand into splurging in an artist due to hot numbers. SBI always turns out great numbers that can highlight trends in the Asian market, especially Japanese.

Nov 5, 2020 15:39:24 GMT 1 tesla said:

Nov 5, 2020 0:25:15 GMT 1 sfnyc said:

This doesn't sound right fyi. If you let others define your taste, then they will see you like a flip-flopper with no taste and will consider you just another dude collecting art for social status. You made "mistakes" overpaying other works but openly selling your collection will burn you as well. You do not have to replace your taste by what respected fancy gallery salesmen say, or they will sell you their left overs - not their prime pieces. If you want to earn respect with your art collection, grow and develop your own taste and stand by it, no matter the artist. 

Get an Artnet database subscription, look at good auction catalogs from Phillips, Sotheby's Christies in Europe / US only for now (given the current hype in Asia), see who's going up or being disregarded down and why, be a contrarian in the art market and you will be more respected than by being a follower. Ignore the hype. Hire an advisor to close deals for you (and remain as anonymous as you can to the rest of the art world when buying over 500k).

Thanks for your suggestion! I have gotten the subscription for the Artnet database as you suggested; also, I have many catalogs from evening sales sent by Sotheby's and Christie's, will dig into them more.

Being contrarian is also great advice, thanks. I'm avoiding what's hot in the market (Black emerging figurative especially. I bought some canvases from 2016 before the market sector exploded and will keep them in my collection. Still, I'm wary of the high prices of certain galleries trying to sell works of Black emerging artists with no sounding work placements nor institutional shows) and get unique smaller below $200K works from artist estates at the suggestion of a good AA I'm working with.

I'm parting ways with certain Street art and Hype works from my collection not only due to my taste change but also the advice from my AA and several blue-chip galleries' directors that in order to take my collection to the next level, certain things must go. (my family has been collecting for quite a while, and needless to say, I went through a rebellious phase of exploring my own taste)  

TBH I'm a bit disappointed seeing the work placements of certain Hype and Street artists. I heard and witnessed how certain galleries will send the full worklist with prices to any random Gmail without filtering collectors and thinking about how to protect early collector's investments by selling to equal caliber collectors. I have to think more prudently about what to buy and what not to buy.

Thanks for this great forum. I'm learning a lot from you guys and will continue to do so.

I believe a MutualArt account is also quite helpful as you get a gauge on where artists prices are going. I would also say to track SBI but not to let that auction house sales to turn your hand into splurging in an artist due to hot numbers. SBI always turns out great numbers that can highlight trends in the Asian market, especially Japanese.