Tim Noble and Sue Webster (2001) $. 72 x 51 x 9 3/4 in.
For most investors, stocks and bonds are enough. But for some, the prospect of hanging something wonderful on their walls that may also produce great financial rewards leads them to consider putting a portion of their wealth into art. Before committing serious capital, investment-oriented collectors need to understand the sharp differences that exist between the art market and more traditional asset classes.
Art investing versus art collecting was the focus of a recent conversation I had with John Mathews, the head of Private Wealth Management for UBS in the Americas. Click here to watch a video of our conversation (6:41 minutes).
Doug Woodham is the Managing Partner of Art Fiduciary Advisors, a NY-based advisory practice focused on art-related legacy planning and advising collectors, artists, and institutions on the sale of art. Earlier in his career, Doug was President of Christie’s for the Americas and a Partner with McKinsey & Company. He is also the author of the best-selling book Art Collecting Today: Market Insights for Everyone Passionate About Art (2017).