Heidi Lee Art Advisory

I am often surprised by the lack of consistency in describing an artwork. As any art professional can tell you, a full description of an artwork is required in order to evaluate an artwork accurately and perhaps more importantly, when reporting a lost or stolen work of art.   Throughout my career, I have seen artwork described in dozens of different formats usually missing vital information about the work of art like title, year and dimensions.  Fortunately, we now have Object ID to use as a widely recognized guide. Established by J. Paul Getty Trust, Object ID is the international standard…

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Gloria Velandia, Chief Conservator of Art Basel Miami Beach, offers nine important tips for preventive conservation.

1) Get in a conservation mindset. Accept that you will have to spend some amount of time, money, and effort on your collection. Whether you are motivated by a desire to maintain the integrity of your artworks, maximize the future value of an investment, or preserve your cultural heritage, start caring about the longevity of your collection!

2) Spend on framing. Have a trained conservator help you select suitable frames for your artworks in order to prevent using materials that will accelerate their degradation.…

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INSPIRE Travel and Lifestyle Magazine (December 2011) Read full article

Art advisor and USPAP certified appraiser Heidi Lee explores the emergence of the Far East as a thriving force in the global art market

by Heidi Lee

“Swooping in to the top buys of the art market, a select group of very powerful and fast acting Chinese buyers are aiding many areas of the art market to thrive amid economic uncertainty. China buoyed by its exponential economic growth has become the second largest art market after the U.S. Hong Kong…

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Due diligence is an important part of the collecting process that will help guarantee the quality and status of a work of art.  Asking questions about authenticity, provenance, and condition and doing basic research will help you avoid many of the common mistakes and pitfalls present in the art world as well as protect the value of your treasures for many years to come. Here are the top 10 questions you should ask before you pull out your wallet.

1. Is the work authentic? The gallery should show some kind of hard proof of authenticity.

2. Does it appear in…

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INSPIRE Travel and Lifestyle Magazine (October 2011) Read full article

Art advisor and USPAP certified appraiser Heidi Lee walks you through the exciting journey of art collecting

by Heidi Lee

“The notoriously insular US$40 billion art market is finally shedding its hard exterior to become more accessible and transparent to the public more than ever before. Despite the Great Recession, research reports show an exponential increase in buying contemporary art in the last several years where 23% of all US households* purchasing original and limited edition art with an average yearly spend of…

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Dive into the exclusive and addictive world of art collecting with your very own art advisor

by Heidi Lee

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Q: Is art a wise investment?

HLAA: However, art as an investment is not for everyone. Although it is widely accepted as a viable way to diversify assets it is still a high risk game. You need privileged access to fine art, good timing and connoisseurship.

So, if you are an insider or have a trusted source that gives you great access to art then art may be good a way to diversify an asset portfolio. The stock market and art market are not correlated, meaning they do not move in the same direction, so there are definitely opportunities to…

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