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art collector mistake guide

The article compiles personal anecdotes from several art collectors—Laurent Asscher, Suzanne Syz, Rob and Eric Thomas-Suwall, Toby Milstein Schulman, and Danielle Falls—who share mistakes they made while building their collections. Asscher recounts buying a lesser Basquiat at Christie's before quickly reselling it to acquire a superior work at Phillips; Syz regrets buying a piece because others wanted it; the Thomas-Suwalls missed out on a Dominique Fung diptych; Schulman accidentally bought a work attributed 'after Keith Haring' at a charity auction; and Falls reflects on her early eagerness as a young trustee of the Bronx Museum.

lawyer danielle falls art collection young collectors

Danielle Falls, a 32-year-old lawyer and fine art insurance broker, is profiled as a young collector building a contemporary art collection from a non-traditional background. She serves on the Bronx Museum of the Arts board of trustees, chairs its acquisitions committee, and is a patron of Project for Empty Space. Falls discusses her early collecting mistakes, her frustration with exclusivity in the art world, and her commitment to supporting underrepresented artists, particularly women sculptors and those working with unconventional materials and family archives. She has founded the Falls Foundation, a nonprofit private lending collection focused on emerging voices across the Americas.