“One concern for the overall market is that wealthy individuals don’t appear to be spending as much on art as other luxury items, says Doug Woodham, Managing Partner of Art Fiduciary Advisors in New York.”
WHY AN ART COLLECTOR’S ESTATE NEEDS TIGHT PLANNING
”Doug Woodham, founder of Art Fiduciary Advisors in New York and a former president of Christie’s for the Americas, says the dilemmas facing the wealthy over art legacies typically stem from the fact that heirs will feel much less passionately about the works than the collector who amassed them. A finite number of options are available, he says.”
THE HYPER-REAL DEAL
“Doug Woodham, a New York adviser to art collectors and the author of several books on the art market, says Hendry’s success has stunned New York’s traditional art circles. “For those galleries she is a bit of a puzzle because she is so far outside the norm of their experience,” he says.
FALL AUCTIONS TO FEATURE MAJOR WORKS BY HOCKNEY & HOPPER
“Part of the reason why the art market did so well over the past 10 years is because interest rates were so low, and it was just a lot easier to own non-interest bearing assets,” Woodham says.
"Doug Woodham, founder of Art Fiduciary Advisors and a former president of Christie’s for the Americas, said he believed Sotheby’s was unlikely to have been complicit in the stunt. “If it knew something and did not disclose it — and if a buyer could prove that — it opens up a can of worms in terms of liability for the auction house."
ART IS SEEN AS A GLITTERING INVESTMENT. WILL NEW TAXES TAKE OFF THE SHINE? “It’s a very risky asset. There are booms and troughs. There are high transaction costs and it’s easy to be taken advantage of,” said Doug Woodham, managing partner at Art Fiduciary Advisors, based in New York. READ MORE
THE WALL STREET JOURNAL
ROCKEFELLER ART SMASHES RECORDS AT CHRISTIE’S
"After the sale, art adviser and former Christie’s auction executive Doug Woodham said the fact that Mr. Rockefeller—scion of one of the greatest Gilded Age fortunes—owned these works had likely boosted their sale prices by as much as a third."
HOW THIS LEONARDO'S MIND-BLOWING PRICE WILL CHANGE THE ART MARKET
“It was an extraordinary and mind-blowing result,” said Mr. Woodham, a former Christie’s executive, who watched live online the 19-minute battle on Nov. 15 among four telephone bidders and one in the room. The sale, he said, would “create a whole new generation of people trawling low-end auctions and garage sales for undiscovered masterpieces.”
"Marrying his lifelong interests in art, business and collecting, Doug Woodham has released his first book, Art Collecting Today: Market Insights for Everyone Passionate About Art, which aims to demystify the art market."
HOW TWO TOP COLLECTORS AVOIDED GERMANY'S NEW PROTECTIONIST ART LAW
“While the legislation is new, German-based art collectors are already taking action to get art out of Germany,” Doug Woodham, longtime Christie’s president, writes in his recently published book Art Collecting Today."
HOW NEW WEALTH AND EVOLVING TASTE ARE CHANGING THE ART MARKET
"In his new book, 'Art Collecting Today,' former Christie’s president of the Americas Doug Woodham guides the reader through the ins and outs of the modern art market: where to learn about it, what’s out there, how the market works, and how to get your start in collecting.”
RED IS MORE EXPENSIVE THAN BROWN. AN ART CONSULTANT REVEALS THE SECRETS
"Doug Woodham sieht die Verhältnisse nüchtern. In acht Kapiteln leitet der promovierte Ökonom anhand realer Fallbeispiele Sammler durch den Irrgarten der Kunst und zeigt ihnen, was es zu beachten gilt: Ist der Künstler Erfinder eines wichtigen Stils?"
IS AN ART COLLECTION REALLY ABOUT ART OR IS IT MOSTLY ABOUT MONEY?
"Also from the US, Doug Woodham, managing partner of Art Fiduciary Advisors and author of the book Art Collecting Today, will suggest ways of maximising sales in today’s complex and opaque marketplace."
"A true art world authority. He is the former president for the Americas for Christie's Auction House also a partner at McKinsey and Company, and has written a great new book and it s called 'Art Collecting Today: Market Insights for Everyone Passionate About Art'".
15 SCINTILLATING ART BOOKS TO READ ON THE BEACH THIS SUMMER
"Written by the former director of Christie’s Americas Doug Woodham, this book is an engaging, practical guide to navigating the art market. If you’re just starting your art-world journey, this is an excellent introduction to the marketplace and its practices. "
"Doug Woodham, author of Art Collecting Today and a former Christie’s president, says: Buy with pleasure and [you may] have a hope over a long period of earning an overall real rate of return — after transaction costs — of maybe zero.”
ARTISTS' ANSWER TO A CHANGING MARKET? BECOME A BRAND
"Woodham proposed that we’re currently living in the best era in which to be an artist, given the level of awareness and appetite for art. That’s true even outside of the relatively small subset of artists who make more than $1 million a year, who, he estimates, number between 300 and 500."
NEW REPORT PROJECTS ART MARKET GROWTH IN 2017 – HERE’S WHY
"Here’s a sentiment you probably haven’t heard in awhile: “2017 may actually be a very stable, nice year.” That’s the conclusion drawn by Doug Woodham, former Christie’s president of the Americas, from this year’s ArtTactic Global Art Market Outlook, released this week."