Good Things Happen E4: The Art Market
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In series 5, episode 4 of Good Things Happen, host Jorian Murray is joined by Mary Kate O’Hare, Head of Art Advisory, Citi, and Wendy Chang, Director of the Rennie Collection, to discuss the appeal of collecting art and the aesthetic and wealth creation benefits.
Mary Kate O’Hare shares her thoughts and advice on the best way to build a collection, shares her passion for art history and her excitement about the future of art and technologies.
Wendy Chang highlights her joy and honour of working with the Rennie collection and her philosophy on how to manage letting go.
Our guests discuss the future of the art market merging with fashion, sports and film industry, and the optimism for how new groups of people are connecting with art and starting to ask questions.
Citigroup (“Citi”), and Rennie & Associates Realty are not affiliated and are independent from each other. The speakers’ views are their own and may not necessarily reflect the views of Citi or any of its affiliates. All opinions are subject to change without notice. Neither the information provided, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. The expressions of opinion are not intended to be a forecast of future events or a guarantee of future results.
Citi Private Bank is a business of Citigroup Inc. (“Citigroup”), which provides its clients access to a broad array of products and services available through bank and nonbank affiliates of Citigroup. Not all products and services are provided by all affiliates or are available at all locations. All credit products are subject to credit approval.
Nothing contained herein is a commitment to lend by Citibank, N.A. or an affiliate.
Citi Private Bank Art Advisory is a comprehensive fine art consulting service that provides collection administration, estate consultation, and philanthropic planning.
The Art Advisory Service charges an annual retainer that varies depending on the scope of the project and the size and locations of the collection, as well as transaction fees for buying and selling works of art. Clients must sign an Art Advisory Service Agreement. Those who are not clients of Citi Private Bank must meet certain thresholds and open an account. Prospective clients will be referred to a Private Banker for guidance through the process of opening an account. Citi Private Bank clients must sign an Art Advisory Service Agreement.
Alternative assets such as art are speculative, may not be suitable for all clients, and are intended for those who are willing to bear high economic risks. Citi Private Bank Art Advisory does not advise clients how to profit from the purchase of art or guarantee that a particular piece can be sold or otherwise used for a financial transaction for any amount including an amount equal to the purchase price.
Art loans are extended to qualified borrowers on a secured basis. All loans and lines are made by Citibank, N.A. or an affiliate, equal opportunity lenders, and are subject to Citibank’s or such affiliate’s qualifications, underwriting guidelines and credit approval. The views expressed herein are those of Citi Private Bank Art Advisory and do not necessarily reflect the views of Citigroup Inc. or its affiliates. All opinions are subject to change without notice. Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any artwork.
Wendy Chang, Director of the Rennie Collection
Wendy Chang has served as the first director of Rennie Collection since 2006 and became the founding director of Rennie Museum in 2009. Prior to her current position, she spent fifteen years working extensively with leading institutions and collections worldwide as managing director of a limited editions program and a Los Angeles based gallery representing a roster of globally active artists. Currently she serves on the Board of Trustees for the Association of Art Museum Curators and its associate Foundation. Wendy has been an active supporter of AIRS Program from early in its conception, most recently serving on its advisory committee and now as a member of the board.
Mary-Kate O’Hare, Head of Citi Private Bank Art Advisory
With over 25 years of curatorial and academic experience, Mary-Kate brings extensive expertise in US, European and Latin American modern and contemporary art to our clients.Previously, Mary-Kate served as Curator of American art at the Newark Museum and held a fellowship at the Clark Art Institute. She has organized several critically lauded exhibitions and has taught numerous university-level art history courses and seminars. She continues to regularly publish and speak on modern and contemporary art.Mary-Kate earned a MA and Ph.D. in art history from Rutgers University, writing her dissertation on the work of John Singer Sargent.
