Art Advisory

Taymour Grahne’s art advisory services focus on the acquisition of contemporary art for new and established international collectors, as well as corporations. 

 

Taymour works closely with each client to help develop and build substantial collections of outstanding quality and value. 

 

Taymour operates with complete discretion, transparency, and integrity. He offers the full range of art advisory services, which include:

 

Taymour Grahne Art Advisory Services:

Research

Developing/defining curatorial frameworks of each clients' collections

Coordinating gallery, studio, museum, biennial and fair visits for clients

Searching through auction material before auctions to make relevant selections for each client

Searching through gallery preview material before art fairs and exhibition openings to make relevant selections for each client

Acquisition

Gathering and analysing all information on the artwork, including provenance and condition

Market and pricing research

Negotiating price/payment terms

Auction acquisitions

Primary market acquisitions

Secondary market acquisitions

Logistics

Assist with organization of artwork logistics, including shipping, installation and insurance

Working with a network of shippers, art handlers, conservators, and other fine art professionals to ensure best possible care for client’s work

Organizing all shipments, import/export licenses, and documents related to acquisition

Collection Management

Provide updated regular artwork valuations

Selling works on behalf of a client when collector wishes to part with works from their collection 

Organizing loaning of clients’ works to museums, institutions

Full collection management, which includes collection and maintenance of all documents and images related to transaction, including art work images, and all shipping/invoicing documents

The Process

 

Taymour’s initial consultation with a new client is to understand what the clients interests, wants, and goals are in terms of their collecting strategy. Some clients want to collect over the long term, and are in need of ongoing art advisory and collection management services. Some clients prefer working with Taymour on a project basis. Some examples of this include someone wanting to acquire works for a new home, a corporation wanting to acquire works for an office, a hotel wanting to source artwork for its rooms and common spaces, or someone wanting to collect only a few key pieces.

 

For new collectors, the starting point always begins with education and finding out what kind of artworks the client is drawn too: do they have a preference for medium (painting, photography, sculpture), are they drawn to specific topics, themes, regions, or periods. The first few meetings will help establish the client’s interests, aesthetics, and collecting goals. Taymour and the new client will initially spend time together going over how the art world works, including covering topics such as galleries, auction houses, and fairs, as well as the art market in general. Taymour wants to empower the client to gain a strong understanding of the contemporary art world in order for them to make the most informed decisions.

 

For more experienced collectors, the process begins first by taking a look at the client’s existing collection in order to identify which parts of the collection the client wants to change, strengthen, or de-accession, and how their future collection strategy will differ. Then Taymour and the client will begin to look at artists of interest and building an acquisition list and strategy. 

 

Taymour will accompany the client to art fairs, gallery and museum exhibitions, auctions, MFA graduate shows and biennials, to further get a better sense of which works the client is drawn to.

 

Based off these initial discussions and research, Taymour begins showing the client works that may be of interest, and from there an artist of interest list will begin, and an acquisition list and strategy will take effect. Part of the acquisition strategy will be to come up with an acquisition budget, which varies from client to client. This budget will then allow Taymour and the client to focus on a group of artists in order of acquisition preference. These bespoke, individualized artist lists will take into account budget, collection goals, interests, and long-term value. 

 

Each collector’s taste, collecting strategy, and level of direct involvement in the art world are unique, and Taymour will cater his art advisory services to each client’s bespoke needs. Some clients want to accompany Taymour to openings and art fairs and be part of the dialogue with galleries and artists, other clients want to take more of a back seat and have Taymour be the interface between each party. 

 

When it comes time for the artwork acquisition, Taymour will aim to make sure the client is paying the fair market value, is getting a strong work by each artist, condition is perfect, and the client is getting the best discount possible. Taymour sources works for his clients from gallery exhibitions, biennials, MFA graduate shows and auctions, as well as the secondary market.

                                   

After each acquisition, Taymour’s art advisory team deal with all logistical aspects involved, including organizing best method of packing and shipping the work to the client, framing if needed, making sure full insurance cover is in place, and helping with the organization of the installation in the client’s home or office. In addition, once a work is acquired, Taymour’s team immediately adds the full details of the work to each individual client’s database collection management software, where Taymour keeps records and details of each clients’ acquired works, including high res images, any shipping and import/export documents, invoices and receipts, location tabs, etc. This collection management component of the art advisory practice is integral to the service in order to make sure the collection is properly organized, documented, and up to date. 

 

When one of Taymour’s advisory clients chooses to de-accession a work from their collection, Taymour strives with the best of his ability to get the best market price possible for that work of art, and will see which avenue of sale is the best for his client.

 

Benefits of Working with an Art Advisor

 

One of the reasons Taymour began his art advisory practice was because he spotted two gaps in the art world, one with new collectors, and the other with experienced collectors. With potential new collectors, Taymour saw that many people wanted to enter the art world and begin collecting but didn’t know where to start. They had many questions: Where and how does one begin? What are the “good” galleries? What is considered “good” or “bad” art? How does one collect with long term value in mind? What discount can one ask for? Many were left with unanswered questions and were in need of guidance. Taymour met many collectors over the years with passion and interest for building collections but who were in need of a trustworthy, impartial, dedicated art advisor. 

 

Many of the current art advisors however already had their clients in place, while many others only wanted to focus on the current top collectors. Taymour began his advisory practice because he was interested in something different – what excited him was to develop the next generation of future top collectors by beginning the collecting journey with them from the beginning. 

 

In addition to the many new collectors Taymour comes across, there are many existing collectors, some already quite established, who are in need of fresh advice: to understand who the next generation of interesting artists are, what was happening in the emerging scene, and to bring a fresh perspective

 

Collectors today are time short. The art world is also increasingly large and complex, with a growing number of galleries, auction houses, art fairs, biennials, and exhibitions. Having an art advisor on the ground, scouring through gallery exhibitions, art fairs, MFA degree exhibitions, and biennials is imperative to be kept up to date with what is going on. 

 

Taymour conducts many studio visits yearly, leading him to discover and understand what are the best works by each artist that he is offering to his clients. The more Taymour sees of an artist’s practice, the deeper an understanding he gets of their work and the more he is able to pinpoint and select the best works by that artist. 

 

Galleries are also notoriously hard to access, and often times only work with people with whom they already have existing relationships with, especially when dealing with a highly sought-after artist. Given his reputation and standing within the art world, plus the strong relationships Taymour has developed with many galleries around the world, Taymour can help facilitate access to great work by gallery artists for his clients. 

 

When Taymour sources works for his clients, he always has long term value in mind. Collecting is not about investment, it is about acquiring works one loves and connects to, but one should collect wisely nonetheless. People are spending larger and larger amounts on building collections today, and collecting wisely with long term value in mind is always key. The art market is a whole ecosystem unto itself, and having an art advisor that can navigate the many components and layers of the art market is a cost effective way to collecting. Things Taymour will help the client consider are: career trajectory of an artist, pricing, artistic production, gallery representation and what that means, etc. 

 

Managing a collection is also key and Taymour’s art advisory team handles all aspects of logistics involved with building and maintaining a collection (see more above) and also recommending the necessary professionals to handle issues of tax advice and succession when it comes to the collection.