“The art world seems to have a conversion problem,” said Doug Woodham, Managing Partner at Art Fiduciary Advisors in New York.
“Part of the reason why the art market did so well over the past 10 years is because interest rates were so low, and it was just a lot easier to own non-interest bearing assets,” Woodham says.
"Doug Woodham, founder of Art Fiduciary Advisors and a former president of Christie’s for the Americas, said he believed Sotheby’s was unlikely to have been complicit in the stunt. “If it knew something and did not disclose it — and if a buyer could prove that — it opens up a can of worms in terms of liability for the auction house."
ART IS SEEN AS A GLITTERING INVESTMENT. WILL NEW TAXES TAKE OFF THE SHINE?
“It’s a very risky asset. There are booms and troughs. There are high transaction costs and it’s easy to be taken advantage of,” said Doug Woodham, managing partner at Art Fiduciary Advisors, based in New York.
"After the sale, art adviser and former Christie’s auction executive Doug Woodham said the fact that Mr. Rockefeller—scion of one of the greatest Gilded Age fortunes—owned these works had likely boosted their sale prices by as much as a third."
"Doug Woodham, managing partner at Art Fiduciary Advisors, is a consultant UBS taps to help clients integrate art into their legacy planning."
"Doug Woodham’s introduction to the market is both insightful and accessible."
"Mr. Woodham’s book is an elegant, amusing and perceptive guide to a market that is (often) long on hocus-pocus and short on transparency."
'WHAT'S NEXT? AN UNCERTAIN ART WORLD ASKS, STICKING TO PROVEN BRANDS.
"Mr. Woodham’s book contains startling information about the number of people in the market for the world’s most expensive art."
DOUG WOODHAM- WORTH MILLIONS OR WORTHLESS?
"Well here to put me, Tom, and Menissa to put our art knowledge to the test, is author and managing partner of Art Fiduciary Advisors, Doug Woodham"
"Marrying his lifelong interests in art, business and collecting, Doug Woodham has released his first book, Art Collecting Today: Market Insights for Everyone Passionate About Art, which aims to demystify the art market."
“While the legislation is new, German-based art collectors are already taking action to get art out of Germany,” Doug Woodham, longtime Christie’s president, writes in his recently published book Art Collecting Today."
Sotheby’s and Christie’s take sides in warring Spring offerings.
"Doug Woodham sieht die Verhältnisse nüchtern. In acht Kapiteln leitet der promovierte Ökonom anhand realer Fallbeispiele Sammler durch den Irrgarten der Kunst und zeigt ihnen, was es zu beachten gilt: Ist der Künstler Erfinder eines wichtigen Stils?"
“The art world has benefited enormously from the tremendous wealth that’s been created” in the financial services sector, Woodham said.
IS AN ART COLLECTION REALLY ABOUT ART OR IS IT MOSTLY ABOUT MONEY?
"Also from the US, Doug Woodham, managing partner of Art Fiduciary Advisors and author of the book Art Collecting Today, will suggest ways of maximising sales in today’s complex and opaque marketplace."
WHAT DOES TRUMP'S PLAN TO ABOLISH ESTATE TAX MEAN FOR COLLECTORS?
A mixed bag for both wealthy market players and cultural charities.
"A true art world authority. He is the former president for the Americas for Christie's Auction House also a partner at McKinsey and Company, and has written a great new book and it s called 'Art Collecting Today: Market Insights for Everyone Passionate About Art'".
"Written by the former director of Christie’s Americas Doug Woodham, this book is an engaging, practical guide to navigating the art market. If you’re just starting your art-world journey, this is an excellent introduction to the marketplace and its practices. "
"A Special Artsy Editorial by Doug Woodham"
"Woodham proposed that we’re currently living in the best era in which to be an artist, given the level of awareness and appetite for art. That’s true even outside of the relatively small subset of artists who make more than $1 million a year, who, he estimates, number between 300 and 500."
"Art Collecting Today is a must-have for anyone interested in learning more about the intricacies of the art market."
"Here’s a sentiment you probably haven’t heard in awhile: “2017 may actually be a very stable, nice year.” That’s the conclusion drawn by Doug Woodham, former Christie’s president of the Americas, from this year’s ArtTactic Global Art Market Outlook, released this week."
“If it’s not investable, it fails the primary test of being an index,” observed Doug Woodham, former president of Christie’s Americas, speaking to artnet News.
“The days of the auction houses keeping all the commission, that went away a long time ago," said Doug Woodham, the president of Christie’s Americas from 2012 to 2014.