The 21st century is filled with the creative works of art. Beauty is all around us, but most of us have to be walking in a garden to notice it. But that is not the case with art collectors. They know and appreciate beauty and are willing to pay big bucks to own that beauty. Art has become a solid investment over the last 30 years. Not that art wasn’t worth collecting before that time. But artists like Picasso, Matisse, Peter Max, Paul Harmon and others have changed the direction of art collecting. People collector art now because it speaks to them in colors, form and expression. The old classics were for the educated art collectors that studied the masters and understood their mindset. The new artists, the contemporary artists, appeal to the uneducated art collectors that want to act like educated collectors.
There is nothing wrong with being an uneducated art collector. There is help waiting for those uneducated collectors that are willing to pay for it. A relatively new professional has risen from the art boom and that professional is the art advisor. Art advisors offer their services to anyone willing to pay a commissions on works they purchase under their guidance. Art advisors are easy to find. Art gallery owners act as advisors, and there is usually dozens of art advisors walking around art shows all over the world.
Good art advisors can help people turn their collection into money at some point in time. Hedge fund manager, Adam Sender, did just that with the help of his advisor, Todd Levin. Sender was able to collect more than 800 pieces of expensive art work with Levin’s help. When Sender decided to get out of the hedge fund industry, he wanted to sell some of his art in order to recoup his original investment. What happened next surprised Sender, his wife, and Levin.
When Sender gave Sotheby’s the green light to sell works from his collection, he thought he would get some of his original investment of $20 million back, but the sale exceeded everyone’s expectations. Sender pocketed a cool $70 million from the sale and Levin pick up millions from the transactions. Art advisors like Todd Levin aren’t for every art collector, but some collectors need someone who can help them build a collection that will appreciate while it is showering them with its beauty.