Corporate Collections
There can come a time when it makes the best sense to sell a Corporate Collection and La Finca has the expertise to bring it to market. La Finca’s strategic selling plans and handling of all aspects of the sale process allows a company and its team to focus on its day-to-day business at hand. They will move forward with confidence throughout the process knowing that they are going to achieve the best possible returns as their collectible assets find buyers. Whether it is a collection of prints, paintings, design or other media, company leaders can have confidence they are making informed decisions with the highest level of expert recommendations.
Deliverables:
A thorough digital or onsite analysis of the holdings.
An accurate market valuation and an understanding of the current avenues of sales for each work.
A final, concise selling plan designed around expert and data-driven recommendations.
Expert, negotiated selling terms with vendors and on selling terms with auction houses, galleries and in private sales.
Administrative, logistical support and timely payments throughout the selling process.
Key success stories:
The value of expertise
Sale category: Contemporary Art
Sale type: Auction
Client: A Michigan-based Design Company
A Nightclub Named “The Universe” (1982) by Los Angeles artist, Ed Ruscha, was of moderate value when it was acquired by a sizeable design company in the 1980’s. In the subsequent decades, the value for Ed Ruscha’s market increased dramatically. Given this, the company decided it was better to sell this work along with a large portion of other pieces in their collection. Aside from the return, this work on paper has some sensitivity to light and humidity and the company felt they could no longer ensure their proper safekeeping. After an onsite visit and valuation, a selling plan was put together and this Ruscha along with other works were sold in high profile sales. Proper placement a robust marketing plan produced exceptional results across the board.
Auction Estimate: $200,000-$300,000
Result: $444,500 including premium.
Ed Ruscha (B. 1937)
A Nightclub Named “The Universe”, 1982
Dry pigment on paper
60 x 40 in. (152.4 x 101.6 cm)
© Ed Ruscha
Controlling costs while generating returns
Sale category: Design
Sale type: Auction
Client: Weyerhaeuser Company, Seattle
This large timber company in the Pacific Northwest owned a set of 35 midcentury chairs by the iconic Danish designer, Hans Wegner. At some point, it came time to update and redesign their corporate spaces and it was decided to part with these important works of design. An efficient plan of action was developed to bring this large number of these vintage chairs to market without diminishing their value by over-saturating the market. They were moved to Los Angeles in one cost efficient single shipment. Then they were offered selectively in various groupings and sales over the course of a year and half until the very last chair was successfully brought to market and sold.
Hans J. Wegner (1914-2007)
Round Chairs / “The Chairs”, designed 1950, model JH501
35 chairs in oak and upholstery
Height 30 3/8 in. (77cm); width 24 3/4 in. (63cm); depth 18 1/2 in. (47cm)
© Hans J. Wegner
A trusted partner
Sale category: Contemporary Art
Sale type: Auction
Client: A Midwestern Corporation
Just as your company carries its team of experts in its field of expertise, La Finca is your trusted partner in providing you a comprehensive art advisory service. This Midwestern company had amassed a very large collection of hundreds of pieces since the collection was established in the 1960’s. A strategy was developed to sell several of the higher value works but also thin the majority of the collection which was taking up a large amount of storage space. With a new company building being constructed, this initiative was essential to allow the for the company to move forward without having to care for a large collection and account for the space it needed to store it. With the proper art advisory, the company’s new leadership was able to look toward the future knowing that they made the right decisions on their collection and to ensure its maximum returns.