Art and Succession: Collections and the Next Collector
Carefully assembled over time, art collections can endure long past the visionary who started them. Spouses, the next generation, or museums may become recipients of collections, carrying on the legacy of the original collector while simultaneously leaving their own mark on its present composition and future course.
Friday, May 12
Overview
In this talk, four panelists share their insights having navigated the opportunities and challenges in stewarding a collection that was established by someone else and discuss how “next collectors” can shape the art collections that will come into their care.
TEFAF Talks are interactive panel discussions exploring today’s most fascinating topics in the worlds of art, antiques, and design. Paired with leading content partners, these talks showcase the knowledge of leading experts in the broader TEFAF community. This talk is presented in partnership with Bank of America and moderated by Drew Watson, Head of Art Services at Bank of America.
Panelists
Moderator: Drew Watson, Senior Vice President, Head of Art Services, Bank of America
Drew Watson is Head of Art Services at Bank of America. Based in New York City, Drew has over 15 years of experience in the art market, art finance and arts institutions, and he leads the bank’s outreach to the art world. As Head of Art Services, Drew oversees a national team of specialists who work with collectors, advisors, auction houses, museums, and foundations to offer services including art-secured lending, trust and estate planning, consignment services and philanthropic solutions.
Jack Shear, Executive Director, Ellsworth Kelly Foundation
Jack Shear is a photographer, art collector, and philanthropist who lives and works in Spencertown, NY. He was married to the renowned artist, Ellsworth Kelly, and now serves as President of the Ellsworth Kelly Foundation.
He currently serves on the Drawings and Prints Committee at The Museum of Modern Art, New York and the executive committee of the museum’s International Council. Shear is also a trustee for the Foundation for Art and Preservation in Embassies.
Janne Sirén, Peggy Pierce Elfvin Director, Buffalo AKG Art Museum
Dr. Janne Sirén is the Peggy Pierce Elfvin Director of the Buffalo AKG Art Museum, where he led the most significant campus expansion and raised nearly $230 million. He initiated major exhibitions and launched the pioneering Public Art Initiative. Prior to Buffalo AKG, he served as Director of the Helsinki and Tampere Art Museums and taught art history at The Hebrew University of Jerusalem. He received his PhD from New York University and serves as President of the Board of Directors of Eschaton— Anselm Kiefer Foundation.
Nick Hissom-Wynn, Director of Wynn Fine Art, Founder Aktion Art
As the Stepson of Steve Wynn, Nick Hissom grew up alongside one of the world's most renown art collections. Nick's proximity to these master works lead to him spending years learning from Wynn's network of top dealers, auction house executives, collectors, conservators, and financial institutions, that constitute the unique ecosystem that surrounds works of this caliber. Now Director of Wynn Fine Art, the Wynn Family's public-facing collection, and art gallery in Palm Beach, Nick overseas the management and curation of commercial shows, liaises auctions, and handles private sales alongside his Stepfather and Mother. As Founder of Aktion Art, Nick manages and curates a roster of emerging contemporary and blue chip artists; working with museums, institutions, Wynn, and other private collections to contextualize famous blue chip and dynamic emerging artists alongside established Masters to form a cohesive multi-generational art-historic narrative.
Rosemary Ringwald, Managing Director Wealth Strategies Advisor, Bank of America Private Bank.
Rosemary Ringwald is a Managing Director and Wealth Strategies Advisor for the West Division Wealth Strategy Group at Bank of America Private Bank. Headquartered in Los Angeles, Rosemary works with high-net-worth clients to develop integrated financial strategies to pursue their unique objectives, overseeing the quality and timely delivery of planning and tax services. Rosemary also serves as head of Art Planning Services for the West Coast, providing clients with in-depth guidance on art-related collecting, financing, and investing.
Credit: Ellsworth Kelly (1923-2015) Red Orange White, 1959 oil on canvas 28 x 16 inches (71.1 x 40.6 cm) © Ellsworth Kelly Foundation Photo by Ron Amstutz, courtesy Ellsworth Kelly Studio