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Lund Humphries & Sotheby's Institute of Art publish The Art Collector's Handbook
Duccio di Buoninsegna, Madonna and Child, c. 1300, tempura and gold on wood. Also known as the Stoclet or Stroganoff Madonna, Madonna and Child is prized, among other qualities, for its rarity. It is one of only a dozen works by the Italian Renaissance master and was the last Duccio owned by a private collector when the Metropolitan Museum of Art, New York acquired it in 2004.
BURLINGTON, VT.- As the global economy spawns a growing number of art collectors, Lund Humphries and Sotheby’s Institute of Art publish on April 20th an essential and timely guide to the pleasures, pitfalls and practicalities of owning art

“Rozell’s book is a superb resource for art collectors to have on hand … It is exhaustively researched and extremely well-presented and is a must for any art professional to have in their library.” --Agnes Gund, President Emerita of MOMA, art patron and Founder, Studio in a School

The Art Collector’s Handbook, written from the privileged insider-perspective of an experienced, legally trained art consultant, provides the ultimate guide to art collection management and care in the 21st century – for private collectors and art professionals alike.

Mary Rozell draws on her long experience as both an art collection management professional and an art lawyer to illuminate the myriad issues that arise during the “life cycle” of an art collection - from the thrill of the purchase, the potential inconvenience of an inheritance, through the many responsibilities that are part and parcel of a great or even modest cultural legacy.

Part One looks at the many ways of building up a collection, whether by theme, movement, era or culture. Some collections feature blue-chip works; some, such as Charles Saatchi’s, were inspired by emerging artists. Others are defined by budget: American couple Herbert and Dorothy Vogel, a postal clerk and librarian, purchased conceptual and minimal art on their modest salary – and only bought works small enough to take home in a taxi.

Part Two addresses how the scope and value of a collection should be determined and documented. Rozell covers collection management systems and software, catalogue structures, valuation vs. appraisal, valuing collections for different purposes, and the many factors affecting value - such as authenticity, quality, rarity and exhibition history.

Part Three focuses on the various practical aspects of maintaining a collection – insurance, conservation, shipping, installation, framing, and storage – as well as the considerable costs. And accidents happen, most often during transit. Rozell relates how a Cindy Sherman photograph valued in excess of $60,000 was packed in little more than a cardboard box; the glass shattered and the work was irreparably damaged.

Part Four reflects on the private and public worth of collections, discussing how collectors can benefit economically, intellectually and socially from their art. This section includes options for displaying art collections, in both public and private spaces, and the ways in which art collectors can exploit the monetary worth of works of art by, for instance, using them as collateral for loans.

The final section of the book addresses the moment at which a collector parts from his or her collection, covering de-accessioning, gifting and estate planning.

Mary Rozell is Director of Art Business at Sotheby’s Institute of Art, New York and Principal of Art + Collection Management, a consulting service based in New York and Berlin. She was formerly the Germany Correspondent for The Art Newspaper and is the author of numerous articles and catalogue essays.





Today's News

April 17, 2014

First North American survey of the work of Ai Weiwei opens at Brooklyn Museum

Jonathan Yeo painting of Malala Yousafzai to be sold at auction in May to benefit the Malala Fund

U.S. pavilion at La Biennale di Venezia to feature new installation by Joan Jonas

The importance of sky studies in landscape art is the subject of the first exhibition in a new Morgan series

Sotheby's Geneva to sell an impressive selection of magnificent jewels and noble jewels

Exhibition of Modern British prints at Osborne Samuel commemorates centenary of WWI

I Am a Drop in the Ocean: Protest art from Kiev's Maidan on show at the Kuenstlerhaus in Vienna

Exceptional selection of ceramics by Pablo Picasso to be offered at Sotheby's London

Exhibition of sculpture and found-object based work by John Salvest opens at Morgan Lehman

Sharon Lockhart's first large-scale solo exhibition in Scandinavia opens at Bonniers Konsthall

Greek artist Georgia Sagri's first institutional exhibition opens at Kunsthalle Basel

Artists Ahmet Oran and Işil Eğrikavuk open exhibitions at Rampa gallery in Istanbul

Lund Humphries & Sotheby's Institute of Art publish The Art Collector's Handbook

Alexander James presents a new series of large-scale works in Moscow

this is you: New works by Tapp Francke on view at gallery nine5

'OM-D: Photography Playground' opens its doors in Berlin

Exquisite diamonds, gold and sterling silver headline Sterling Associates' May 8 auction

Side by side exhibitions of two contemporary artists open at the Orange County Museum of Art

Beirut Art Fair to hold its 5th edition in September 2014

After suffering a stroke, Mumbai-based artist Avinash Godbole teaches himself to paint with other hand

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