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About
An insider's guide to buying, collecting, and selling art from an insider of Christie's
Grounded in real-life stories, Art Collecting Today is the essential practical guide to today's art market. A lightly regulated industry with more than sixty billion dollars of annual sales, the art market is often opaque and confusing to even the most experienced collectors. But whether a seasoned collector, an uninitiated newcomer, or an art-world insider, readers will learn within these pages how the art marketplace works in practice and how to navigate it smartly. Those who may have been put off by art-world practices will finally feel they have the knowledge needed to participate freely and fully, and collectors will be able to pursue their passion with more confidence.
Important topics covered include:
How to evaluate, buy, and sell art while avoiding costly mistakes and time-consuming roadblocks
How the market works in practice for essential artists like René Magritte, Christopher Wool, Amedeo Modigliani, and Yayoi Kusama
How collectors can be taken advantage of, and the actions they should take to protect themselves
Why tax laws in the United States reward "art investors" yet penalize "art collectors"
How cultural property laws impact the market for works by such artists as Frida Kahlo and Andy Warhol
Advice for new and prospective collectors
Informed by close to one hundred interviews with collectors, lawyers, art advisors, gallerists, and auction specialists in the United States and Europe, as well as by the author's own experiences, Art Collecting Today offers a lively and thought-provoking analysis of the day-to-day workings at play today in the fine art marketplace.
Grounded in real-life stories, Art Collecting Today is the essential practical guide to today's art market. A lightly regulated industry with more than sixty billion dollars of annual sales, the art market is often opaque and confusing to even the most experienced collectors. But whether a seasoned collector, an uninitiated newcomer, or an art-world insider, readers will learn within these pages how the art marketplace works in practice and how to navigate it smartly. Those who may have been put off by art-world practices will finally feel they have the knowledge needed to participate freely and fully, and collectors will be able to pursue their passion with more confidence.
Important topics covered include:
How to evaluate, buy, and sell art while avoiding costly mistakes and time-consuming roadblocks
How the market works in practice for essential artists like René Magritte, Christopher Wool, Amedeo Modigliani, and Yayoi Kusama
How collectors can be taken advantage of, and the actions they should take to protect themselves
Why tax laws in the United States reward "art investors" yet penalize "art collectors"
How cultural property laws impact the market for works by such artists as Frida Kahlo and Andy Warhol
Advice for new and prospective collectors
Informed by close to one hundred interviews with collectors, lawyers, art advisors, gallerists, and auction specialists in the United States and Europe, as well as by the author's own experiences, Art Collecting Today offers a lively and thought-provoking analysis of the day-to-day workings at play today in the fine art marketplace.
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Reviews
"The latest in Allworth's series on the nuts and bolts of the art world, Mr Woodham's book is an elegant, amusing and perceptive guide to a market that is (often) long on hocus-pocus and short on transparency."
THE ECONOMIST
"Several books about the notoriously opaque art market claim to be user-friendly, but Doug Woodham, who was president of Christie's Americas between 2012 and 2014, may be the first to produce a truly hand-holding guide."
THE FINANCIAL TIMES
"Mr. Woodham's book contains startling information about the number of people in the market for the world's most expensive art."
THE NEW YORK TIMES