Before advising clients about acquiring artwork for residences, Murphy Rabb Inc. has lengthy conversations about goals, taste, personal interests and collecting objectives. A big part of working with residential collections is educating the client about opportunities in the art world. Some clients purchase more quickly, while others may purchase signature pieces less frequently. Setting short-term and long-term goals is a vital part of building a collection. Private collections can be a great opportunity to express one's personality as well as to have fun. There is also the opportunity to build a family legacy, but most importantly good advice prevents the collector from making impulsive, expensive mistakes.

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