Week 4
Art Collections Research
I met with Ms. Anstead at the beginning of the week to go over my notes on the art market and AI. We had a wonderful conversation about the art market and particularly Old Master works. We also discussed art the upcoming art fairs that were happening in New York City particularly the Frieze fair and TEFAF. We planned for me to visit NYC to following week to attend the fairs together as well as for me to visit art collections, museums, and galleries to become more familiar with how the art world works.
With this in mind I was tasked with researching the history of the Frick Collection and the J.P. Morgan Collection which are both located in NYC. I looked into the motivations for why both of these men built the collections that they did, what their ultimate goal was with their collections, how they came about collecting art, and what sorts of art they collected. Ms. Anstead also wanted me to dive into what the tax implications are and were for art collecting particularly for collections of that size and give a rundown when we meet in person next week.
HOURS: 6
TOTAL: 40