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Works of art differ from other assets in that that they have both cultural and financial value. Given this double characteristic, they merit, or rather, they require, management, or more specifically, two types of management. In terms of cultural value, the object must be to successfully preserve the asset in order to leave it to future generations. In terms of financial value, one must monitor changes to their value, from their acquisition to their sale or their transfer. These two types of management are intimately linked. In effect, ‘cultural’ management has implications concerning the object’s ‘financial’ management, since the better the care, the more the object will be exhibited or published, and the greater the guarantee of its value.
Good management means maximising capital, in this case ‘work of art’ capital. There are two ways of managing this capital. There is passive management, which primarily means monitoring the condition, and evaluating and insuring the work. And there is a more active management, which, in addition to these tasks, includes the possibility of selling when the value of the object has risen.
Given the challenge and the specific characteristics of these two types of management, only a knowledgeable professional (i.e. someone experienced in analysing the market, but also in art history) can be entrusted with this mission. It goes without saying that this manager’s independence, integrity and references must be beyond reproach.
The different sections of these site have been conceived in order to answer some of your questions regarding the management of your work of art portfolio. Should you wish more information, please do not hesitate to contact us. Together we will consider the best solution in total discretion.
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