Art as an Investment: The State of the Art Market
Tangibles and personal property are no longer considered objects with which we live. They can be a significant portion of a client’s financial portfolio. As such, fiduciaries have a responsibility to consider these assets when planning for an Estate or Trust. These markets, like any financial market, have their ups and downs.
This talk with focus on some recent highlights in the International Art Market. Ms.Nagy will use examples from recent sales to show how these trends have affected the value of objects held by collectors from the Mid-Atlantic region. She will focus on the jewelry market, contemporary art market, and traditional furniture market. Finally she will discuss buying trends both in the US and China.
Carolyn Nagy joined Sotheby’s in 2007. As a Vice President, Ms. Nagy acts as a liaison between clients in the Mid-Atlantic region and Sotheby’s international offices, providing clients with advice on and assistance with bringing their valuable property to the appropriate market worldwide. Moreover, she oversees all of the formal appraisals requested in this region. Ms. Nagy also lectures to various groups in the Philadelphia region on Sotheby’s services and the current art market. Prior to joining to Sotheby’s, Ms. Nagy was the Cataloguer in the Continental Furniture department at Doyle New York. Ms. Nagy holds a Master’s degree in the Study of Decorative Arts, Design and Culture from the Bard Graduate Center and a Bachelor’s degree from Colgate University. Ms. Nagy is on the Executive Woman’s Board of the Pennsylvania Academy of Fine Arts.
Granted 1 CPE, CFP and CLE credit. License numbers are required at sign in to obtain credits.
11:30 - Registration and networking
11:55 - Seating for lunch
1:25 - Program concludes
