Sophie Su Art Advisory’s Post

When planning your gallery's art fair, it's crucial to think about the artists, artworks, logistics, and staff responsibilities. A consistent and organized approach is easier with an art fair planning template. To increase the chances of success, ensure your marketing, sales, and management teams are aligned well before the event. Start planning early and standardize your art fair planning process for the best results. Need personalized help with the challenge of managing your art gallery? Why not schedule a call to chat? See the link on my profile to learn more about my advisory services. #galleryfuel #gallerymanagement #sellingart #gallerymarketing

If you're an art collector, chances are you've been to one of the world's prestigious art fairs, such as Art Basel, Frieze, or Art Miami. They represent the dynamic and ever-evolving landscape of the art world while serving as a place for vital cultural exchange. However, the latest statistics show that high-net-worth collectors are attending the fairs in fewer numbers, making it harder for the businesses to be profitable. 🖼 "Why galleries can’t quit fairs despite higher costs and lower returns." >>> https://bit.ly/48K0AJk <<< To encourage collectors to attend, fair organizers are ramping up offerings to include more immersive activities and heightened experiences and offering more one-of-a-kind moments with leading figures in the art world. #artfair #art #artcollector #artcollecting #artinvestment #artinvestors #wealthmanagement #investmentstrategy

❓We asked galleries about future optimism... Our data shows that small galleries feel most positive towards new collector relationships, whilst larger galleries are leaning towards working with new artists and creating a more accessible art world. Could this mean that bigger galleries leading the charge to create a more open, artist-friendly art world? Let's hope accessibility and new artist opportunities sit atop the agenda for the foreseeable! 👉 Find out more. Read the full report! https://hubs.ly/Q02GxsRh0 #ArtlogicReport #Gallery #WorkLifeBalance #ArtWorldInsights #ArtMarketTrends #ArtBusiness #GallerySuccess

🎨✨ [HOW IS IT POSSIBLE THAT SOME GALLERIES ARE MORE FAMOUS THAN THE ARTISTS THEY EXHIBIT? 🙃] Art galleries are often the real stepping stones for emerging artists. This makes it so that, in the art scene, galleries have an established history and an impressive reputation, sometimes making them more famous than the artists themselves. Moreover, in an ever-changing art market, they are always looking for new and compelling offerings, both local and global. Some might compare art to music, suggesting that everything has already been done. But I believe in the power of human genius to constantly create and innovate. We cannot, however, ignore the financial aspect. Money plays a significant role and, at times, can turn the art market into a ground for unhealthy speculation. This is where the need for in-depth knowledge of the market, its mechanisms and dynamics comes in. It is crucial to protect investors from scams and harmful speculation, and this can only be accomplished through a solid understanding of the industry. So, yes, it is true that some galleries may be more celebrated than the artists they represent. But this should not obscure the beauty and importance of art itself, nor weaken confidence in its transformative and inspiring power. What do you think? 🖼️💡 #art #artmarket #galleries #artists #market knowledge

Implementing creative approaches to finding and nurturing art collectors is important to your gallery's success. By networking in person with a fresh approach and utilizing good inbound marketing practices online, galleries can attract new art collectors and convert leads into actual buyers. Exploring unconventional methods such as involving museum groups, collaborating with other galleries, and hosting intimate events is crucial to expanding the reach and engagement with potential collectors. Check out the link in bio to learn more. #artsales #sellingartonline #sellmoreart #galleryfuel #artbusiness #artdealing #galleryowner #artbusinessconsulting

With Greater China being the second most important art market, accounting for 19% of global fine art sales, it is no surprise that all eyes were on Hong Kong for the Art Basel Hong Kong fair, the most important Asian art fair of the year. While the mood is certainly not as ecstatic as several years ago due to current economic issues in Mainland China, many of the largest international galleries and auction houses keep expanding in Hong Kong which is a testament to the growing, long-term importance of Asia in general and China in particular to the global art market. #diversification #artinvesting #artinvestment #alternativeassets

These works will begin to change your consciousness and life in a positive direction in all areas including financial.

Broadly speaking, this is how art is sold. 1. Direct Sales. When the artist sells the work to a collector directly out of their studio. 2. Galleries. Generally, galleries represent artists within a niche. They can be physical or online galleries. They sell the work to their clients, and take a percentage from that sale. I think art advisors can loosely fall under this category because they work similarly. 3. Auction Houses. Here’s where competitive bidding for art happens. The highest bidder takes home the prize. #artsales #artcollecting #artworld #artadvisor #artgallery #auctionhouse

ANALYSIS: Hong Kong Art Auction Market 2023 As we are heading into a jam-packed week of exhibitions and events during Art Basel Hong Kong, we take a closer look at the emerging trends in the Hong Kong Modern and Contemporary auction market at Christie's, Sotheby's and Phillips in 2023. Emerging Trends: => Overall sales down 5.3%, but number of lots sold up 10.8%. => Hong Kong moved into 2nd place as the global art market auction hub. => Demand for women artists continues as sales increase 17.8%. => Price speculation in the market for young contemporary artists is ebbing out, but demand remains high, with 12.4% increase in lots sold in 2023. For full analysis - see link below: https://lnkd.in/dceFJzFW #art #artmarket #artauction #hongkong #contemporaryart #modernart #analysis #outlook2024

The updated 28th Art Market annual report has been released (January 1 to December 31, 2023), showcasing a new record number of artworks sold at auction. The USA emerges as the biggest national marketplace, while female artists exhibit spectacular growth. Dive into the insights of the report here: https://bit.ly/49ZWTQk #SVNCapital #ArtInvestment #ArtMarket #Insights