Richard Pettibone, Frank Stella, Sabra 1, 1962 (1968)
Irene C. Papanestor Art Advisory LLC provides expertise and personalized guidance to experienced collectors as well as those who may be making their first acquisition. Irene empowers her clients to make confident and informed decisions guided by her knowledge of art history and the dynamic, global art market. As a result of her trusted reputation and longstanding relationships within the artworld, clients have access to valuable collecting opportunities. Whether working with individuals or corporations, Irene is responsive to her clients’ interests and objectives and can effectively accommodate a range of acquisition scopes, aesthetic sensibilities, and budget allocations. Her flexible, transparent, and passionate approach creates a pathway to establishing collections of enduring value and enables her clients to develop their identity as collectors.
Helen Frankenthaler, Geisha (2003)
Ilse D’Hollander, Untitled (1996)
Irene C. Papanestor Art Advisory LLC provides independent, objective appraisal reports for collectors, financial and legal professionals, and businesses requiring valuations of postwar and contemporary art for charitable donation, equitable distribution (divorce), estate tax, and insurance purposes. Using appraisal methodologies, industry-specific research skills, and applied connoisseurship, Irene interprets data culled from a matrix of primary market transactions, public auction results, and private sales. Her thorough analysis provides clients with unbiased value conclusions and important information on how to best care for, manage, and protect their collection assets. Confidentiality is maintained at each stage of the appraisal process.
Irene completed the Comprehensive Appraisal Studies Program through New York University and the Appraisers Association of America and is Uniform Standards of Professional Appraisal Practice (USPAP) certified. Her appraisal reports are legally and ethically compliant with current Internal Revenue Service (IRS) and USPAP guidelines.
Richard Misrach, Untitled #328-02 (2002)
Art Sales + Collection Management
Irene C. Papanestor Art Advisory LLC is actively engaged with the primary and secondary markets for emerging, mid-career, and blue-chip artists. As interests evolve or life circumstances change, collectors may wish to sell artwork from their collection. Irene is experienced at facilitating and advising on the discrete sale of single or multiple pieces via reputable auction, gallery, and private sale channels. Through careful market analysis and strategy, she can identify the optimal marketplace and timing for a sale in order to achieve the best possible results for her clients. In 2019 Irene spearheaded the sale of her client’s Richard Misrach photograph, “Untitled #328-02” (2002), setting a new world auction record for the artist.
Additional collection management services include:
- Oversight of all invoicing and payment details
- Logistical management of and/or referrals for conservation, fine art insurance, framing, lighting, professional art photography, installation/deinstallation, shipping, and storage
- Ongoing collection care such as archive organization, database creation and maintenance, loan and consignment coordination, and physical location inventory
- Market analysis and research to document artwork’s authenticity, condition, position of importance within an artist’s oeuvre, price, provenance, rarity, and relevant scholarship
- Appraisals for charitable donation, equitable distribution (divorce), estate tax, and insurance purposes
Eleanor Ray, Acropolis Museum (2019)
Because Irene believes that collecting art should be an accessible and rewarding pursuit, Irene C. Papanestor Art Advisory LLC emphasizes the experience of looking at – and talking about – art. Focused visits and guided in-person or virtual walkthroughs of art fairs, artist studios, auction house previews, galleries, museums, private collections, public art sites, and other art venues are integral parts of her advisory’s practice. Irene has organized and led trips to destinations as diverse as the Chinati Foundation and Judd Foundation (Marfa, TX), the DESTE Foundation for Contemporary Art (Hydra, Greece), Georgia O’Keeffe’s studio and home and neighboring Ghost Ranch (Abiquiu, NM), and the MTA Arts & Design commissioned Second Avenue Subway stations (NYC). The breadth of her advisory’s educational platform offers Irene’s clients the opportunity to build upon their knowledge and more enjoyably navigate both local and global art scenes.
Markus Brunetti, Dresden, Frauenkirche (2007-2014)
Irene C. Papanestor Art Advisory LLC works intuitively and effectively with members of the design community, welcoming collaborations with architects, interior and landscape designers, and real estate professionals. Irene is adroit at identifying artwork that enhances its surroundings and oversees its successful placement in residential or commercial spaces. Her expertise ensures that art is sourced through well-regarded channels and that the acquisition process is streamlined, cost efficient, and meets project deadlines. She also brings significant experience to the development of site-specific artist commissions, acting as a liaison between clients, galleries, and artist studios. Cumulatively, ICP AA’s services add significant value and a deeper aesthetic dimension to design projects.
Irene is a member of the Female Design Council, a leadership organization dedicated to providing a professional community for women and female-identified persons in the design industry.