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Posts Tagged ‘awad partner’

News from our Partners at Irenicon: GDPR What does it mean for your gallery?

Tuesday, September 12th, 2017

This article was written by Annabel Kaye, Founder of Irenicon, and KoffeeKlatch  AWAD’s Partner in the field of Human Resources & Legal Support.

Image courtesy of Markus Spiske via Unsplash

You are going to hear a lot about GDPR – the General Data Protection Regulations that come into effect in the UK in May 2018 along with the rest of the EU.  There are some things you really need to know to protect your business.

 

Data is in your gallery business is like cash in your house

Think of the way you currently handle your client data as if you were dealing with cash they left in your house.   The data your customers share with you is money they leave in your house.    It’s their money but they let you keep it for them.

Inside your house is a safe where you put the high-value items and the things you don’t want visitors to see.     You don’t put everything there.  It is a nuisance to get it in and out of the safe every time you need it.  But if it is sensitive, confidential or money you keep it in the safe.

You don’t leave your doors and windows open with cash on the kitchen table.   When you are on holiday or away from your house you take care that your safe is locked and the burglar alarms are on.  You don’t just pack up everything in the house and take it on holiday with you in case it comes in handy.

You move cash and documents around inside your house and you assume it is OK with your customer if you move their stuff from one room to another.  You assume that as long as it stays in your house that’s fine.

 

GDPR affects anyone doing business in Europe

Brexit is not going to get the UK out of this.  Anyone doing business in Europe is going to have to pay attention to this.

 

GDPR is a whole rebuild of how you think about permission

GDPR is a whole new way of looking at what permissions you need when to do what.   You are not going to be able to say – they came to my house so of course, I had permission to take all their cash.   Implied permission (they must have wanted me to do that) and a lot of well-established marketing techniques and mailing lists are going to need an overhaul.   Nor can you assume that because they visited the kitchen you have permission to take their cash to the bedroom.

You can rebuild in good time for the changes – and start looking at how you handle all this data that comes in and out of your data house, or you can hope for the best.

What’s your plan?

If you need to think about this, do not hesitate to contact  Annabel Kaye, Founder of Irenicon, and KoffeeKlatch  AWAD’s Partner in the field of Human Resources & Legal Support

News from Our Partners: Photographer Vladislav Kolev documents the Store Street Framing Workshop

Thursday, March 30th, 2017

Vladislav Kolev is London based visual artist working with photography. AWAD’s London Partners in matters of framing and related services, Store Street Framing asked him to spend some time in their workshop and make a piece that illustrates the great craft and sheer hard work that goes into hand-finished frames. Kolev came back with some beautiful images, a selection of which are seen here courtesy of the artist and Store Street Framing, and many more can be seen via this link.

My fascination with photographic images began before I even got my first camera. My interest in photography grew almost instantly after many years of painting, making sculptures and mixed media experiments. I see it as a natural progression that I moved into photography full time where a combination of things that dwelled inside me found their way out through this medium.

Artist’s Statement by Vladislav Kolev

Store Street Framing April 2017 Blog (Hand Painted Frames Image)

Store Street Framing April 2017 Blog (Stool + Leaf Image)

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From our Partners at Westbury: What can artists do to preserve their art for future generations

Monday, September 5th, 2016

 

This article was written by Keith Graham, Partner at Westbury Accountants and Business Advisors, AWAD’s Partner in this field

 

  1. What will happen to my art after my death?
  2. How can I ensure my family benefit from my lifelong work?
  3. Will my art retain its value?
  4. Who will manage my collection?

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These and others are the sort of questions that we are being asked increasingly by our many artist clients. Of course, there are many advantages to becoming successful as an artist but success brings with it a whole new set of challenges.

What to do with your art?

In our experience, once artists begin to think about their own mortality, they become increasingly concerned with the question of what to do with their art. Many think that this is something that could be dealt with just by a well-drafted will; others wonder whether they should be setting up a foundation during their lifetime.

What is clear is that these questions have to be faced up to. Picasso died without a will leaving a legacy of massive legal battles. Dalí set up a foundation but his affairs were still extremely untidy. Rothko left clear instructions but his executors certainly did not understand fully (or chose not to) his real wishes. On the other hand, the Henry Moore Foundation is an excellent example of careful planning and competent management of an estate. (more…)

From our Partners at Westbury: How individuals and businesses prepare a Brexit Action Plan

Wednesday, July 27th, 2016
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This article was written by Keith Graham, Partner at Westbury Accountants and Business Advisors, AWAD’s Partner in this field.

The vote is over and we have made the momentous decision to leave the EU.  Businesses and individuals need to consider the short and long-term implications.
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We are of course in a period of uncertainty with extreme volatility in currency and stock markets and this is unlikely to change much until the terms of our exit become clearer.  Against that background, we all face some challenges. We have already heard of property and investment transactions having been cancelled or put on hold, and of medical research projects whose funding is now in doubt. Clearly there is a good deal of anxiety about proceeding with investment projects, although, paradoxically, the weakness of sterling can act as an incentive to overseas investors.
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The most important thing to do is to think about the possible impact on you and your business.  It is too early to say – and the truth is that no one has a clue – what the business environment will look like once the dust has settled.  This may take many years whilst we negotiate our exit, decide what areas of our business life need change, e.g., regulation, laws, taxes, bureaucracy, etc., as well as trading relationships with the EU and with the rest of the world.

Below are some points to consider: 

  • To what extent are you exposed to the currency markets?  Do you buy or sell overseas and, if so, how will the fluctuations in sterling in the short and medium term affect you? Is there any action you may take (such as hedging) to lessen the blow. In particular, those who import are likely to have to be extremely careful about managing their currency exposure.  On the converse, exporters may have an opportunity to generate some additional profits.
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  • Do you need to review your pricing particularly if you import?
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  • If you are exposed to the property world, to what extent may a slow-down in the rate and/or value of transactions affect your business?
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  • Those businesses that foresee a significant drop in turnover or rise in costs following Brexit may need to consider reviewing staff levels as well as upcoming pay reviews/bonuses to see where unnecessary costs may be saved.
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  • Are you reliant on foreign labour?  Have you considered the possible impact if there were to be some form of restriction on such labour?
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  • Is your business particularly affected by Environmental or Health and safety legislation emanating from Europe, or one that may be prone to tariffs?
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  • If you are in the inward hospitality sector you may well find there is a boost to UK tourism but if you are exposed to the outbound sector, will a potential drop in business (because foreign holidays become more expensive) have an effect?
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  • Were you reliant on/expecting any grants or subsidies from EU sources? Can you make alternative arrangements or at least put a contingency plan in place.
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  • Will there be an effect on your pensions and investments?  As a general rule, one might take a longer-term view and not panic at the current extreme volatility in stock markets to which many investments are linked.  But perhaps a review of investment policy might seem sensible, particularly if you were planning to take pension benefits shortly, or to cash in investments.
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  • Is now the time to consider incorporating your business into a limited company, particularly with the announcement of an intent to reduce further  the rate of Corporation Tax?

 

Get in touch with Westbury with us to discuss how Brexit might affect you and how we can help you plan for it.

AWAD Social hosted by AWAD’s Partner Store Street Framing

Monday, July 18th, 2016

The AWAD Summer Social was kindly hosted last month at the Store Street Framing who are AWAD’s Partner in this area. It was an event that featured networking as well as practical demonstrations inc. gilding, canvas stretching and wood staining and we are very thankful to Andrew Milne Home and his team for welcoming us so warmly.

AWAD Social at Store Street Framing - Shopfront

Store Street Framing has its showroom in Bloomsbury where consultations are made and artwork is safely stored. The dusty and messy work of cutting and joining mouldings and then painting and gilding the frames themselves takes place in our North London workshops. Once the framing process is complete our drivers can quickly deliver across Greater London.

AWAD Social at Store Street Framing - Rocky Gilding with Neville

Our talented gilder Rocky demonstrates just how you handle that most delicate of materials, gold leaf. Beaten to less that 0.1 micron in thickness, gold leaf needs years of experience to lay down correctly. Working with the gilder’s knife on a calfskin pad and a gilder’s tip made of long squirrel hair, the delicate leaf is cut and lifted onto the prepared frame. Once applied to the coloured clay base the leaf will be burnished to the characteristic bright finish of water gilded frames.

AWAD Social at Store Street Framing - Andrew Milne Home

Andrew Milne Home, Store Street Framing‘s General Manager, explains some of the framing options available to galleries and dealers. Working with a team of craftsmen in the London workshop, many of the frame finishes are unique and can be completely customised to fit the artwork.

AWAD Social at Store Street Framing - Store Street Framing Team

The Store Street Framing team at the AWAD Summer Social event. From left to right, Yanko Tihov, Fine Art Materials, Phillip Booth, Mounting, Jana Jurkovicova, Framing Production Manager, Simeon Ackroyd, Canvas Stretching, Annika McSeveny, Framing Consultant and Nadia Tihova, Framing Manager.

AWAD Social at Store Street Framing - Options for works on paper framing

Some of the examples on show demonstrating the different ways of displaying works on paper. From traditional window mounts, to more complex ways of floating artwork, there are many attractive ways ways of displaying paper-based art.

AWAD Social at Store Street Framing - Amy Patsy Eleni

At the Summer Social, AWAD Members catching up (from left to right) Amy Caiger of Caiger Contemporary, Patsy Dixon of Liberty Gallery and Eleni Polycarpou of ARTful.

AWAD Social at Store Street Framing - Susan Nick MK MariaAWAD’s Founder and CEO Susan Mumford, Nicholas Sharp of Swan Turton, Member of the AWAD Board MK Semos of Decorazon Gallery and Maria Marro-Perera, AWAD Co-ordinator.

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