Monday, October 17, 2016

A Museum’s Seal of Approval Can Add to Art’s Value

By Paul Sullivan
Michel Witmer, a collector in New York City, was persuaded to buy a work by Pierre-Auguste Renoir, an artist he had never liked, at a museum show. Credit Benjamin Norman for The New York Times
For most art lovers, museums are a place to indulge a passion or seek solace from the world outside. But for art collectors like Jorge Garcia, they offer a level of objectivity about an artist’s work that galleries lack. Not to mention what a museum curator’s imprimatur can do to the value of the art. Mr. Garcia, a regional sales manager in Miami for an environmental consultant, says that before he buys artworks — and he has bought hundreds — he studies the artists to find out where they are from, where they studied art, what shows they have had and which gallery represents them. But then, Mr. Garcia says, he goes further. He looks at the museum shows the artists have had, or better yet, those they are scheduled to have. [link]