By Woodham, Doug
The art market is opaque and confusing to even the most experienced collectors. It is a lightly regulated market in which insiders have a substantial advantage over collectors. What are the best ways to evaluate, buy, and sell fine art while avoiding costly mistakes and time-cons...uming roadblocks? What are the behind-the-scenes business practices that cost collectors money? In Art Collecting Today, industry expert Doug Woodham distills his decades of experience into an indispensable guide for collectors and industry professionals to the ins and outs of the fine-art market. Informed by the author s time as president of the Americas for Christie s Auction House, one of the world s leading art businesses, the book illuminates how to navigate the art marketfrom what collectors need to know when they buy art through galleries, auction houses, art fairs, and art advisors to how the art market puts a price on works of art for sale. Lessons from top collectors and industry insiders will teach seasoned and new collectors alike strategies to achieve their collecting goals while avoiding the pitfalls and scoundrels. Detailed chapters include such important topics as: How technology is driving democratizationThe demand for recognizable ( brand name ) artAn increase in demand for work by living artistsThe roles of galleries, auction houses, and art advisorsHow recent trends are impacting the marketWhat factors one should consider when buying a piece of artWhen it s time to start selling artThe impact of taxes on art collectingGrounded in real-life stories from the field, Art Collecting Today is the essential practical guide to navigating today s fine-art market.Read more
Doug Woodham brings a unique perspective to the art market from his lifelong interest in art, business, and collecting. A trained economist with a PhD from the University of Michigan, Woodham served as president of the Americas for Christie's, the international auction house. He is currently on the board of the arts venture Twyla. Earlier in his career, he was a partner with McKinsey and Company, working primarily with asset and wealth management clients. He continues his advocacy for collectors by advising private clients on legacy planning associated with their art collection, including helping them to asses alternative disposition strategies. Woodham and his wife, who are based in New York City, are avid collectors with a focus on drawings by artists associated with minimalism, conceptualism, and land art.
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