The management of an estate includes a range of skills and roles, along with the requisite knowledge. Running an estate requires professional management that is committed to the stated aims and intentions of the artist. A few recommended skills and forms of specialist knowledge are:
- Knowledge of the artist’s life and work
It is essential to have knowledge of the different components of the legacy, the value of the works of art and the artist’s living and working environment. These elements form the core of the estate’s activities.
- Knowledge of how the arts sector and art market work
Knowing what is available on the market and where interests lie can help you to promote the legacy, find new partners and embark on new projects, for example.
You need to be able to set up and support new projects and to divide them up into manageable tasks. This involves keeping track of small details while remaining aware of the big picture. If you have a team, you need to be able to lead the team and motivate it to work with the artistic legacy to achieve the aims.
To promote the legacy, it is recommended to build up a network of professional contacts. Partnerships can help you develop projects. They provide new opportunities and offer a broader support base.
Knowledge of how to handle the works of art, the material, and how to package and transport them can contribute to the long-term preservation of the artistic legacy. This can also help with current projects, such as organising an exhibition or loaning the work.
Other recommended skills are communication and an understanding of accountancy in order to draw up contracts, manage the finances and take out insurance. Communicate about the projects, progress and the methods used by the estate. Moreover, an understanding of legal practices can help with the legislation and choosing a legal form for the legacy. Think carefully about the skills that will be important for running the estate.
If you decide to keep the artistic legacy under your own management, it is necessary for the artist, heir or stakeholder to consider their own skills, in order to allocate themself a clear role in the management of the estate. If family members cannot cover all the roles and skills, you can ask for external support from friends, acquaintances, former staff or experts in the field. You can make use of the artist’s network for this, i.e. people such as gallery owners, researchers, curators, etc. They can help you establish the estate, join the team or look for the people you need.
If you are an artist who is thinking about setting up an estate, but you don’t have a family or heir, there are other possibilities for preserving your artistic legacy in the long term. Speak to friends and acquaintances, for example, to find out whether they might be interested. You can also set up an organisation or foundation during your lifetime, which will continue to exist after your death with the aim of preserving and managing your artistic heritage. It is also possible to look for an external partner for management, such as a museum or gallery. These organisations can perpetuate your legacy and make it visible to a wider audience.