| Investing in Art | | Art
Is Painting Small the Next Big Thing?
By ROBERTA SMITH - Published: April 19, 2008
Small paintings of the abstract kind are having a moment right now in New York. | Crash, what crash? Sales hold up despite market jitters
Georgina Adam, Judith H.Dobrzynski and Brook S. Mason | 28.3.08 |
If the Armory Show was supposed to be a test of how the art market was faring amid tumultuous financial markets, initial results revealed that the fair more than passed—and exceeded the expectations of many of the more jittery dealers | "La peau de l'ours"?
C'est celui d'une association fondée en 1905 par André Level, avocat et amateur d'art.
La " Peau de l'ours", était donc une association d'amateurs d'art qui décidèrent de constituer ensemble une collection en achetant des oeuvres d' artistes alors plus ou moins inconnus tels Matisse, Picasso, Derain, Van Gogh etc..Ils le firent donc, et entre eux se répartirent les oeuvres qui restaient propriété de tous.
Dès l'origine était prévue une limite à l'existence de l' association C'est ainsi qu'en 1914, à la veille du conflit mondial, eut lieu à l'hôtel Drouot à Paris, une vente aux enchères dite de "La peau de l'ours" qui fut un succès marchand international et une date importante pour l'histoire de l'art et des artistes à "l'avant garde" de l'époque. L'immense bénéfice qui résulta de la vente permit non seulement de rembourser largement l'investissement des collectionneurs associés mais aussi d'aider financièrement les artistes qui s'en trouvèrent ainsi doublemennt bénéficiaires. | Fine Art Investments (originally "Antiques For Interiors"), is a professional brokerage service specializing in the sale of authentic old Tiffany Studio lamps, antique Tiffany art glass, and American and European paintings by well known artists. Competence, honesty, integrity and ethical practices are the core principles upon which our firm was founded. Established in 1972 by Dennis R. Tesdell, we cater to an established and select list of private buyers and avid collectors | New Chinese Art was established in 1999 as a centre for contemporary Chinese art. The website is a good resource for people worldwide to view art by Chinese artists. New Chinese Art allows Chinese contemporary artists to display their art for free.
New Chinese Art aims to make contemporary Chinese art accessible to a global audience. Whether you are just browsing or interested in purchasing, New Chinese Art presents you with portfolios by over 100 contemporary Chinese artists, and we are continually adding Chinese artists’ works. | Dismal Scientist - Recession Watch
The U.S. economy contracted late last year, and may spend the first half of 2008 in recession. Moody’s Economy.com tracks the data every day to determine how long and how deep the downturn will be—as well as its effect on the global economy. | A&B aspires to be the world's most successful & widespread creative network. We help business people support the arts & the arts inspire business people, because good business & great art together create a richer society | Art's Anxiety Attack
An unusual number of works are headed to auction in coming weeks. That has some dealers and collectors nervous that the bubble is finally about to burst -- while other say demand continues to grow. Why all eyes will be on London for 'Judgment Week.'
By LAUREN A.E. SCHUKER - September 22, 2007; Page W1
London diamond dealer Laurence Graff is putting 30 works of art on the auction block, including some important contemporary pieces. Collector and philanthropist Louise Blouin MacBain just auctioned off $4.6 million worth of Hermès handbags, Manolo Blahnik shoes and furniture from two of her homes. And an anonymous European seller is parting with 29 pieces, including works by Andy Warhol, Edward Ruscha and furniture designer Marc Newson.
These sales -- and a host of other prominent works headed for the auction block in London in a few weeks -- are sending a ripple through the art market. With an unusual number of works up for sale, some dealers and collectors say they are concerned about signs of potential weakness in what has been a gravity-defying market for years now. Some dealers are referring to the series of London auctions that kicks off Oct. 12 as "Judgment Week" -- a potentially watershed moment. Market players will be watching the level of bidding for signs that a downturn is at hand. | Why the Art Market Shouldn't Crumble, And Why You'll Keep Hearing it Will - By Nicholas Forrest
The current art market boom has resulted in increased exposure and interest in art as an investment but having read almost every article written on the art market in recent times it has become obvious that the art market being presented in the media is both incomplete and false. Although the art market is stronger than ever it is important not to become complacent and ignore the primary rules of art investment which are:
1. Art is a long term investment which means that you should be looking at holding your investment for a period of 7-10 years but you also should be prepared to sell at any time if the market presents a favourable opportunity.
2. Art is a good form of diversification and should form part of a balanced investment portfolio.
3. Diversification of your art portfolio is important to spread the risk
4. Research artist, artwork and dealer thoroughly and get several opinions ( Article Source: http://EzineArticles.com/?expert=Nicholas_Forrest ) Read more... | Slap on the wrist for fraudulent antiquities dealer
By Jason Edward Kaufman | Posted 04 October 2007
NEW YORK. Manhattan dealer Edward Merrin was sentenced on 17 September in a federal case that charged him and his son Samuel Merrin with defrauding their clients William Ziff and his wife out of millions of dollars. The case against Samuel Merrin continues.
Edward Merrin was sentenced to one year’s probation with eight months of home confinement, ordered to pay the government a $3,000 fine, and to pay restitution of $44,455 to the victims. Mr Ziff, who died in 2006 as the case was proceeding, built the Ziff-Davis publishing empire which the family sold for $1.4bn in 1994. In light of the scale of the allegations, the sentence is being seen by some as a “slap on the wrist”.
According to the 2005 indictments, filed separately against Edward and Samuel Merrin, the dealers entered into an oral agreement around 1989 to sell the Ziffs’ antiquities according to a “cost-plus agreement”. This meant that the couple would pay the Merrin Gallery’s cost of acquiring the art plus an agreed commission ranging from 10% to 20%, depending on various criteria. From 1989 to 1999, the couple paid the Merrins “over $63m to purchase [hundreds of pieces of art, approximately half of which (by value) was purportedly covered by the cost-plus agreement”. The indictment alleges that by misrepresenting the gallery’s acquisition cost, the Merrins fraudulently increased both the “cost” component and commission component of the prices they charged the couple. | | | | Nixon Art Associates, Inc., founded in 1987 as an independent art advisory, is a complete curatorial service offering the expertise of a professional staff trained in comprehensive collection management. Working with private and corporate art collections, Nixon Art Associates offers a full range of curatorial services. In addition to art advisory assistance, the firm works closely with clients in art acquisition, documentation, framing, installation, liquidation, valuation, restoration, appraisal, exhibition, archiving and other activities as requested. | Financial and Art Advisory Services F&A is an independent firm offering a full range of services to private clients and the corporate market for the development and management of modern and contemporary art collections.
The complexity of today’s art world and recognition of art as an investment, have emphasized the need for new and experienced collectors to be well informed and advised on every aspect of building and maintaining a collection, with aesthetic and commercial values.
Through a unique approach combining art advisory and financial expertise, F&A creates personalized strategies that offer the client significant opportunities to anticipate and capitalize on rapid growth and changes in the art market. | IAI ( International Art Investments) finds and internationally promotes and deals with the best investment opportunities in the contemporary plastic arts, specializing in artists from Latin America. We dedicate ourselves to ensuring that the works offered have appreciable cultural, artistic and financial value and we operate through a group of independent investors and Associate galleries. We also act as brokers for the sale of contemporary and modern artworks from the region. | | | | | | |
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