“The art market is a complicated business because it’s so lacking in transparency,” says Michael Plummer of the art advisory firm Artvest. Plummer and his partner, Jeff Rabin, have X-ray vision into this opaque world, advising private collectors on wise investments—and helping them avoid common pitfalls. The duo specializes in everything from financing and appraising to strategic diversification. Their greatest advice for collectors? Buy with your eyes—not your ears. “Investing based on a perceived trend is almost always a mistake,” Plummer says.
- Prior to launching Artvest, Plummer and Rabin led the financial-services department at Christie’s.
- Artvest assists new and established collectors in refining their collections through acquisitions and sales, market research, and risk analysis.
- The firm matches buyers and sellers with appropriate galleries and dealers, and confirms provenance of works prior to transactions.
- Artvest launched the art fair Spring Masters New York (left) in 2013. This fall, the firm will replace that event with the first American edition of Europe’s prestigious art-and-antiques fair TEFAF.