Tuesday, August 25, 2015

Soaring art market attracts a new breed of advisers for collectors

THE NEW YORK TIMES
By Robin Pogrebin and Graham Bowley
Bernard Berenson, exemplar of the old-school art adviser. Credit David Lees/The LIFE Images Collection, via Getty Images
For decades, art advisers were a small club of professionals who personally helped build collections for clients, using their scholarship and connoisseurship. Their role was to consult and offer expertise, rarely to make deals. But the rapidly changing art market — characterized by soaring prices, high fees and a host of wealthy new buyers from Wall Street and abroad — has prompted scores of new players to jump into the pool, from young art-world arrivistes to former auction-house executives with an abundance of expertise and connections. [link]