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Top Ten Australian Aboriginal Artists
2007-10-03 08:20:34
Top Ten Australian Aboriginal Artists After the high level of interest in my recent post on buying Australian Aboriginal art and considering that Australian Aboriginal art is one of my specialities, I thought that I would go into a little more detail on the subject and share some more of my knowledge and experience. Having spent many years collecting, studying and being involved with Aboriginal art and working with Aboriginal artists I have been able to gain an in depth knowledge of the movement and an extensive understanding of the market. Because of the large number of artists and the existence of so many fakes and forgeries, the two most important decisions that anyone will make when investing in Aboriginal art is which artist to invest in and where to purchase the work from. To make the decision easier I have included a list of my top ten Aboriginal artists and my top ten Aboriginal art galleries. I chose the artists based on the potential for their work to increase in value which
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The Secret to Increasing the Value of Your Art Collection
2007-10-15 08:36:37
The Secret to Increasing the Value of Your Art Collection If a friend wanted you to go and see a new band that you had never heard of, you would probably be a bit hesitant to buy a ticket without knowing whether they were any good. If your friend then said that the band had supported the Rolling Stones for their last concert at Wembley Stadium you would no doubt be far more willing to pay for a ticket, regardless of the fact you had never heard of them, because of their association with the Rolling Stones and the fact that they had played at Wembley stadium. The association with the Rolling Stones and Wembley stadium increases the desirability of the band thus adding value to their reputation. This phenomenon, which I have given the term ‘value by association’, is applicable to almost anything that has a monetary value including fine art. One of the most significant factors that adds value to an artwork is provenance, which is basically the different associations that one


Why Confidence in the Art Market Continues
2007-10-19 08:19:24
Why Confidence in the Art Market Continues If you have any interest in art investment or the art market then you would have undoubtedly read that the reports that the current art market bubble will shortly be bursting. There have been many predictions of an art market bust over the last few years all of which have failed to eventuate yet naive individuals continue to speculate and continue to get it wrong. Most of the predictions of an art market collapse have emerged during a crisis in another market such as the sub-prime housing crisis or the banking crisis but none of these crises seem to have had much of an effect on art. Considering that the so called “art market crash” of the early 90’s was fuelled by the Asian financial crisis which had a knock on effect on world markets, it would seem quite reasonable to assume that a crisis in another financial market would have the same impact on the market today, but there is one important difference with the current art market


The Anatomy of an Amazing Artwork - ‘The Hanging Man’ by Sam Jinks
2007-10-23 07:38:38
The Anatomy of an Amazing Artwork - &lsquo ;The Hanging Man’ by Sam Jinks The way we judge whether or not we like an artwork is based purely on what we see whereas the way we judge whether or not we like a person is based on a far more complex and varied process, which requires a certain level of interaction in order for us to learn enough about the person to make an informed and fair judgement. When we meet someone for the first time we go through a series of analytical processes in an attempt to gain an understanding of the other person. We require this understanding so that we can gauge how we should interact with this person and avoid an awkward, uncomfortable or unsettling confrontation. It is this process of human interaction that comes into question in the ultra realistic sculptures of human bodies by Australian artist Sam Jinks. Before turning his talents to making his own art, Jinks worked as a commercial sculptor for film and television where he honed his skills creating


Risking the Lot - Subprime Stupidity and Art Auction Arrogance
2007-10-27 09:19:14
Risking the Lot - Subprime Stupidity and Art Auction Arrogance The US subprime housing crisis is one of those things that makes you wonder what the people involved were thinking. The lenders had to have known the risks involved in lending money to people to buy a house who couldn’t get finance through the more main stream, traditional lenders yet these lenders let these people borrow money anyway driven by what could only be described as blatant greed. Lending money to people who have the highest probability of not being able to pay the money back is risky enough but when you add the possibility of property values dropping below the value of the mortgages which would result in the lender not being able to recoup the money that they lent, the risk goes through the roof. It would seem that the art auction houses are taking the same risks as the mortgage lenders by giving minimum price guarantees to their clients which means that they are gambling on their ability to achieve the sal


How to Identify a Fake or Forged Limited Edition Print
2007-11-06 06:32:48
How to Identify a Fake or Forged Limited Edition Print I was contacted by someone the other day who wanted to know whether a Miro print that he had purchased was a genuine signed limited edition print or not, it wasn’t. The details I received are below followed by the steps I took to determine that the print is in fact not what it claims to be. Recently, I bought a Miro Lithograph supposedly signed by the artist in pencil on the bottom right hand corner. The print comes with a Certificate of Authenticity from Sartenejas Art Gallery. The title of the work is:’HOMMAGE TO DOROTHEA TANNING’ On the versus of the print the following is written in English in pencil: JOAN MIRO LITHOGRAPH ‘HOMMAGE TO DOROTHEA TANNING’ PRINTED BY PIERRE VELICE, FOR XXe SIECLE PARIS, 1977. One can see that the above information was written at the back of the print in the top on pencil, then erased, then written in the bottom of the back of the print. When I googled the print, I found ano


Could Fame Destroy an Artist’s Career?
2007-11-10 08:06:52
Could Fame Destroy an Artist ’s Career ?  The Saatchi Gallery and Channel 4 UK recently held a competition called 4 New Sensations which is basically an art prize for UK art students who are registered on STUART (Saatchi Gallery Online art student profiles) and are graduating from a UK art school or a fine art/photography department of a UK university or college this year. According to the Saatchi Gallery website “The ultimate winner will be voted for by the public via the Saatchi Gallery’s website, and awarded prize money of 3000 pounds to support their artistic endeavours. The winner will be announced at the opening of an exhibition in London during the week of the Frieze Art Fair, featuring the work of all the 20 short listed artists and the 4 winners. The work of the 4 winners will form part of Channel 4’s prestigious art collection, Art4.” The winner of the competition was 22 year old Sarah Maple whose witty yet confronting comments on her life as a &l


Art Market Report - Deceptive Deals and Underhanded Agreements
2007-11-16 08:51:48
Art Market Report - Deceptive Deals and Underhanded Agreements  I receive dozens of emails every day reporting new exhibitions, auction results, gallery openings etc. most of which I just briefly skim over but the other day I received an email that from a highly reputable source that completely blew me away. As a journalist I have the privilege of receiving information about the art market that many people don’t get to know so when I receive information that could effect people that read my blog I feel obliged to pass it on. The report that I received from the highly trustworthy source who is privy to highly sensitive information on the art market was that some of the auction houses are making agreements with dealers (many of which the auction houses have close relationships with) that basically state that the dealer will make the first bid or bids (rival bids) on an artwork that they are interested in buying in an effort to start the bidding momentum in exchange for a reduced


Ten Books Every Art Investor Should Read
2007-11-20 06:55:57
Ten Books Every Art Investor Should Read In order to successfully navigate the art market one needs to not only have a good knowledge of art but also an understanding of the dealers, artists, collectors, investors and curators that drive the art market. The art market is a complex creature that requires a unique approach that can only be perfected by gaining an understanding of the people involved in the art market and the way they work. I have therefore put together a list of ten books that I think provide the information required to be able to approach the art market with confidence. The Story of Art – E.H.Gombrich: A highly regarded, comprehensive look at the history of western art by the revered art historian Sir Ernst Gombrich Davenports Art Reference and Price Guide: The standard artist directory containing biographical and select pricing information for over 300,000 international artists Collecting Contemporary: A highly informative and extremely well written guide to collect


Collecting and Investing in Undervalued Japanese Artists
2007-11-26 06:34:40
Collecting and Investing in Undervalued Japanese Artists Many of you may not remember the art market correction of the early nineties but the Japanese sure do. The art market boom of the late 80’s was partly driven by wealthy Japanese who had a voracious appetite for Impressionist works because of the prestige associated with owning a famous painting and the usefulness of artworks as a form of tradable currency at a time when property prices were sky high. When the Japanese economy began to head south in 1990 the wealthy Japanese buyers stopped buying art which left a big gap in the market and caused people to begin to question the world art market boom. As the financial crisis began to worsen all around the world the value of the artworks that the Japanese had paid exorbitant amounts of money for rapidly declined leaving a whole lot of remorseful Japanese stuck with artworks worth a lot less than they had paid for them. The Japanese art market continues to suffer from the repercussi
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Art Market Blog - Profiting from the Rush for Russian Art
2007-11-30 08:05:39
Art Market Blog - Profiting from the Rush for Russian Art To say that the political and economic history of Russia is tarnished would be putting it nicely but their rich cultural history seems to have been one of their saving graces. Unfortunately due to the economic difficulties that Russians have experienced in the past many valuable Russian artworks and antiques have been in the hands of people outside Russia but this is starting to change. With a booming economy fuelled by the world’s hunger for Russian oil, gas, metals and minerals the fortune of Russians is rapidly turning to the point where there are now more Billionaires in Russia than in England and property prices in Moscow are some of the most expensive on the planet. Although the Russians can’t rectify their political and economic history they can reclaim, preserve and promote their fantastic cultural heritage by using the wealth that they have acquired to buy back the important works of art that have until now been in


The Pursuit of an Artificial Perfection in Art
2007-12-08 16:29:48
The Pursuit of an Artificial Perfection in Art  If I was to ask you what is it that makes an artwork so special, so intriguing and unique? I would expect that pretty much everyone would say the time, energy, spirit, expression and effort that the artist has put into the work. The reason that artworks are able to be so special, so unique, so diverse, so emotive, so communicative and so expressive is because they are the result of human activity. This human activity is so important to an artwork because it reflects the characteristics of human nature that include our ability to reason, to think abstractly and act independently along with the benefits of free will, which allow us to produce artworks with these characteristics. Art is not only a form of communication but it is also a celebration of all the amazing human characteristics that I have mentioned above, and rightly so, yet there seems to be an emerging trend in the art world of artists pursuing a form of perfection that results


The Demise of the Art Critic
2007-12-06 16:26:15
The Demise of the Art Critic Prior to the in the late 19th century, before the emergence of modernism, when skill, technical prowess and accuracy were the factors used to determine how good a painting was, the role of the art critic was quite clearly defined because of the clearly defined factors and principles that were used to determine whether an artwork was good or not . Now that artists are producing such a wide variety of works that no longer conform to any sort of clearly defined or universally accepted standards, guidelines or conventions, the role and purpose of the art critic has come into question. Artistic trends and movements are coming and going quicker than ever and artists are constantly experimenting with new mediums and different techniques in order to achieve vastly different goals and results which has resulted in the task of properly critiquing most artworks almost impossible. The aesthetics of an artwork continue to play a less and less important role in defining


Art Market Blog - Contemporary Art Gallery Magazine Interview
2007-12-22 16:00:38
Art Market Blog - Contemporary Art Gallery Magazine Interview I was recently interviewed by the Contemporary Art Gallery magazine which was a great honour and also really enjoyable. You can read the interview below or on the CAGZine website at http://www.cagzine.com Contemporary Art has many voices on the blogosphere, the largest medium for discussion of the visual arts. Writers make interesting posts on numerous topics in the visual arts. One particularly interesting blog is written by Nicholas Forrest at Artmarketblog.com. Nicholas Forrest is a young writer, gaining knowledge and experience quickly as a consultant and professional in the visual arts. He has some interesting viewpoints and opinion on the business of collecting art as an investment. I requested an interview with Nicholas. How did you begin in the visual arts field? “I had an interest in antiques and art from a young age which led me to open a shop in an antique centre when I was twelve selling an array of differe


Art Market Blog - Putting the Artist Back into Art
2007-12-20 17:43:00
Art Market Blog - Putting the Artist Back into Art  I recently came across the website for the American Folk Art Museum which, although provides plenty of information and history of American folk art, left me with more questions than answers. Although I had a general idea of what Folk Art was before visiting the museum's website, I had not really considered the place of folk art in the current art market and the circumstances that have resulted in a revival in the interest of Folk Art. The generally accepted definition of Folk Art is hand crafted artworks created by individuals that have had little or no formal artistic training that reflect the culture, tradition and heritage of a particular and identifiable social group. I find this definition to be a bit broad and unclear so I did some further research on the definition of the term “folk” which resulted in several meanings most of which are relevant to the definition of Folk Art. According to the American Heritage Dic
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