Last year I was invited to be part of a panel at the Art Business Conference in London to discuss how the art trade can best protect its clients. It turned out that what some of the panel wanted to suggest was that the art trade was largely unregulated and that if the trade did […]
Looks at the importance of legal and valuation advice in connection with the acquisition, ownership, and disposal of art and other valuable chattels by sale, gift or estate tax planning. The Art Market Two things are certain about the art market. The first is that art buyers and collectors are increasingly acquiring art and collectibles […]
“I paint from remembered landscapes that I carry with me – and remembered feelings of them, which of course become transformed. I could certainly never mirror nature. I would more like to paint what it leaves with me.” This untitled oil on canvas, executed in 1960 by Joan Mitchell (1925-92), had been acquired by our […]
In 2013 Pall Mall Art Advisors acted for the Safford family in the dispersal of antiques from Vaux Hill, a 20-room country estate with pre-Revolutionary origins in Phoenixville, Pennsylvania. Upon the advice of Pall Mall Art Advisors the 274 selected lots were consigned to auction in a single-owner sale that was promoted to the international […]
Alfred C. Breuning of Pennsylvania had acquired Pablo ‘Picasso’s Buste d’Homme’, a brush and ink sketch dated 2.8.67, from the Galerie Louise Leiris in Paris in 1969. Acting for Breuning‘s estate it was consigned by Pall Mall Art Advisors for sale at Sotheby’s New York in May 2014 where it sold at for $677,000. The […]
We work closely with wealth advisors, informing clients whenever we believe the optimal time to monetize an art work has arrived. A large-scale Alexander Calder mobile had been owned by collectors John and Bridget Barnes since its creation. Following a spike in the Calder market, the work, accompanied by the artist’s original drawings for the […]
While reviewing an insurance valuation, it became clear to our client that the market had increased dramatically for Alexander Calder’s mobiles. In a short time period, we assisted in the $4.2m private sale of these two standing mobiles at a price that exceeded auction estimates.
Andrew Wyeth’s ‘The Lobster Man’ sold for $103,000 at Freeman’s of Philadelphia in June 2011. Wyeth produced the watercolour of a fisherman clutching his steaming thermos at the behest of the American Artists in New York, with a view to it being used for a Maxwell House Coffee advert. The painting never made it to […]
On our advice, ‘The Skier’ (The Ski Runner) by N.C. Wyeth (1882-1945), was consigned for sale at Sotheby’s New York in November 2014 where it sold for $1,205,000. This much-exhibited picture – illustrated on the cover of the February 1911 edition of The Popular Magazine – had previously been owned by both the artist’s wife […]
A corporate collection sought our advice in the purchase of a monumental ‘tarp’ by Keith Haring. When it became clear the work they were interested in had some condition issues, we found our client another Haring ‘tarp’ painting in prime condition at a more comfortable price point.