ABOUT US
OUR STORY
Premier Art Acquisitions, Inc.—simply “Premier” as the marketplace has come to know us—and its associates have been dedicated to serving the art world audience as a center of excellence for collection, preservation, documentation, interpretation and display of all genres of art, from the fine Masters of centuries ago to the contemporary artists of today. Premier’s interest in the essence of fine art is not limited to the mere monetary or materialistic value of the art. Premier is dedicated to the goal of art education and the ability for all who are interested to be able to enjoy the beauty and culture of all genres of art. Premier’s Team of art and tech experts are working to enable today’s technology to create a virtual showcase to make it possible for anyone to enjoy up close works by historical Masters, such as Da Vinci, Rembrandt, Donatello, Monet, Michelangelo, Picasso, Modigliani, Dali and others, as well as the intrinsic beauty found in works of many contemporary artists today.
Partnership with Premier Art Token, S.A.
OUR EXCITING PARTNERSHIP
Premier Art Acquisitions, Inc. is excited to be the exclusive acquisition arm for the separate entity Premier Art Token, S.A., which is scheduled for release as a Security Token backed by Real World Assets (RWAs) on the exchange market in Singapore in Q4 of 2024. It is no secret that Digital Assets, Metaverse, Web-3 and other technologies are changing many aspects of how we live today. One such change experts around the globe agree on is that in the very near future, “cash” will not be the predominant currency. In fact, a growing number of countries now recognize digital assets (often referred to as “cryptocurrency”) as real legal tender. The company Premier Art Token, S.A. is the first of its kind in the world to bring a multi-billion dollar asset portfolio, consisting of a collection of many of the world’s greatest art pieces, whose value as an asset has outperformed all others, including the stock markets, real estate, oil and even gold, into the Fintech world of digital assets. The Premier Art Security Token brings liquidity blockchain transparency and security to the otherwise illiquid world of fine art. The Premier Art Security Token will evolve to become the world’s first digital currency backed by the RWAs of the finest portfolio of humanity’s greatest artists, with applicable use as a currency, not only in the art world, but globally.
Welcome to Premier Art Acquisitions, Inc.
OUR SPECIALIZATIONS
Premier Art Acquisitions, Inc. operates with the input, advice and due diligence efforts of associates around the world, who possess more than 150 years of expertise in their respective fields. After many years specializing in matching art buyers with sellers of great masterpieces, by artists like Jackson Pollock, Picasso and others, the Founders of Premier Art Acquisitions, Inc. are keenly aware of the positive changes today’s technology and blockchain can bring to the art world. To help bring these positive changes, Premier has enlisted many of its connections of respected and experienced experts, in both the art and tech fields, to assist Premier Art Token, S.A. in providing a seamless merging of the world of fine quality and valuable art with the digital world of the future.
Our Services
1
Selling Art
Premier Art Acquisitions, Inc. is a valuable partner for the art owner. Its connections span the world and in most cases can find a buyer for almost any fine art. Premier’s fees for this service is highly competitive and favorable for the seller compared to others who provide this service.
2
Buying Art
Premier Art Acquisitions, Inc. has clients interested in the acquisition of all genres of art. Premier’s clients are located around the globe and therefore we have parties who are interested in almost any genre of art.
3
Research
Premier Art Acquisitions, Inc. prides itself on having and maintaining strong and reliable relationships with resources that can uncover even the most difficult-to-find information on practically any particular piece of fine art created by recognized artists.
BUYING AND SELLING ART
It is our belief that selling privately through a qualified and reputable dealer is the best way to achieve maximum returns. Selling privately avoids the many inherent risks and costly expenses associated with selling at auction or through other traditional dealer-initiated avenues. In order to understand the differences between selling through a dealer or through an auction house, a careful comparison of all time and expense factors must be made.
Selling at Auction Houses.
Many of the auction expenses are paid by the seller, whether the item is successfully sold or not. When consigning a piece at auction the charges incurred include, catalogue costs, commission fees, shipping (if applicable) and insurance charges. There are also buy-back fees if an item fails to sell.
Unsold works total almost one-third of all items auctioned. Auction houses make money regardless of their sales performance. As a result, auctions can work for benefit of the seller, or against them, depending on the given circumstances. The lure of getting top dollar for a painting is very attractive, but when all is said and done, it is a gamble at best, and can more often than not, work against the seller. Even if a fair or high market price is obtained, the final auction costs often equal 30-50% of the gross proceeds.
Selling with the Help of a Private Dealer
It is the business of a knowledgeable dealer to understand how both subjective and objective factors influence the fair market price for an item. The subjective quality of an item is its inherent beauty. Each individual draws his or her own conclusions regarding subjective criterion. Objective criteria include the importance of the artist or maker, the desirability of the subject matter or form as recognized by the art world in general, the size, condition, and history of a piece, as well as the current availability for that particular type of work. When all subjective and objective criteria are properly weighed, the current fair market value can be accurately reached for both the wholesale level, which is what sellers can expect to receive, and the retail level, which is what buyers are asked to pay.
There are two ways to go when selling through a dealer: the immediate sale, or consignment. In the case of an immediate sale, the dealer and the seller agree on a fair market price and payment is made to the seller. For consignment sales, the dealer and the seller arrive at an agreed upon price based on what the market will likely provide. When the painting is sold, the seller is charged a commission of, commonly between 25% and 50%. All other costs associated with selling, including photography, insurance, shipping, advertising or printed materials, are absorbed by the dealer. There are usually only two occasions in which there may be an expense to the seller. If in order to be retail ready the art needs cleaning, restoration or framing, it is most common that this cost is advanced by the dealer and deducted when payment is made to seller. If, however, the painting, sculpture or other medium of fine art, is believed by the seller to be an authentic piece of value but lacks the support—i.e. ceritifcation or authentication—needed to be accepted as an authentic work by the artist, then it is most often the responsibility of the owner of the art to seek and pay for the services to obtain that certification.
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