Owner: Art Market Blog URL:http://www.artmarketblog.com Join Date: Mon, 23 Apr 2007 19:59:36 -0500 Rating:0 Site Description: Art market blog by art market guru Nicholas Forrest Site statistics:Click here
Why I Welcome an Art Market Correction 2007-11-18 06:28:07 Why I Welcome
an Art Market
Correction
There has been so much speculation recently about the health of the art market that it’s beginning to get ridiculous, with any sign of a possible cooling of the art market, not matter how insignificant, being over analysed and blown massively out of proportion. To show just how ridiculous things are getting, one week ago headlines such as ‘Credit crunch hits home at Sotheby’s as Impressionist works fail’ dominated market news whereas one week later headlines such as ‘$325 million Christie’s sale reflects buoyant market’ are dominant. What really annoys me is that the media are portraying an art market correction as the worst possible scenario for the art market when in fact a correction is required if the art market is to be sustainable into the future.
First of all I think that is important that everyone understands exactly what I mean when I refer to a correction of the art market. The official definiti
Recording and Protecting the Details of an Artwork 2007-11-24 07:00:55 Recording and Protecting
the Details of an Artwork
If you think about it, the physicality of an artwork is worth considerably less without all the associations that usually accompany an artwork such as:
-the provenance (association with owners, places where the artwork has been exhibited and sold etc.)
-the association with the artist that created the work
-the association with a particular period
-the association with a particular group
-the association with a particular movement
This information is invaluable when it comes to investing in art because it essentially determines the value of an artwork and therefore should be recorded and protected. Even if you do not purchase artworks for investment purposes you should still obtain and retain these details for the purposes of valuation for insurance should an artwork you own be destroyed, damaged or stolen.
A couple of years ago I attended an auction of lower priced artworks at a well known auction house when a particularly lovely late Read more:Recording
Rewinding the Art Market 2007-11-22 06:29:35 Rewinding the Artificial Advancement of the Art Market
The price people are willing to pay for an artwork should be based on factors such as provenance, size, subject, artist, period etc. which have not been artificially altered by people for the purposes of monetary gain otherwise the perceived value of the artwork is in fact false. Because the manipulation of the value of artworks is not going to go away, the task of determining the status and health of the art market is made all the more difficult. The current art market boom has caused the manipulation of the value of artworks to increase dramatically to the point where it is as though someone has pressed the fast forward button resulting in the current market prices for artworks being several years ahead of where they should be. It is because of this artificial advancement of prices that the long term stability of the art market is being questioned and people are predicting what could be considered to be a rewind of the art market
A Guide to Investing in Limited Edition Prints 2007-11-28 06:01:43 A Guide
to Investing
in Limited Edition
Prints
The recent interest in art as an investment has exposed a lack of knowledge of, and appreciation for original limited edition prints, which have proven to be a very good investment providing that you the do the appropriate research and follow certain criteria.
Most artist’s produce limited edition prints at some stage of their career which means that there is a wide variety of works to choose from. Genuine fine art editions provide collectors and investors with the benefits of purchasing artworks by leading artists but at a lower entry point than a painting or drawing. Unfortunately, the wide variety of printing methods and the technical jargon associated with the different printing processes can make the limited edition print market very daunting for the uninitiated.
As the name implies, limited edition prints such as woodcuts, etchings, collagraphs etc. are created using a process to reproduce an image that an artist has crea
Top Christmas Gifts for Art Lovers 2007-12-04 05:54:47 Top ChristmasGifts
for Art Lovers
First on the list is the Art Market Blog t-shirt which was designed by me. Any art lover will be sure to appreciate the ironic message that I came up with for the shirt. Get your very own Art Market Blog shirt for US$2 plus shipping for a limited time!!!!!!
Get it HERE
The Power of Art is an enjoyable and interesting series of documentaries by Simon Schama on the power of art. In each episode historian Simon Schama treats, in his own erudite, unconventional and somewhat socially engaged style, a work of art from a great master. He concentrates not just on the art history as such, but mainly on the relationship between the work and the historical context of its creation, as this touches the significance of and vision on the subject as well as the life of the artist: where and when did he produce it, why, for which destination… Get it now from Amazon for US$34.49
Get it HERE
Get your very own limited edition Cindy Sherman towel for only US$50 fro
Wearable Art - Wearing Your Art on Your Sleeve 2007-12-02 18:08:52 Wearable Art - Wearing Your Art on Your Sleeve
I was recently introduced to the world of wearable art which, as the name suggests, is a form of art where garments, textiles, jewelery and other fashion accessories are created as original, individually designed forms of artistic expression. The conventional criteria for creating clothing such as comfort, practicality and durability are thrown out the window with everything from rubber gloves to branches of trees being used in the creation of these wearable works of art. With seemingly no rules or limitations the wearable art movement has produced some amazing and spectacular pieces that look like they belong to an entirely different species from a land far away
I am most intrigued with the works where the artist has approached the design of their creations as wearable sculptures that can exist as works of art in their own right without the need to be worn by someone. There are some pieces that seem to exhibit a level of restraint and res Read more:Wearable
Art Market Blog 2007 Review by Nicholas Forrest 2007-12-18 18:08:13 Art Market
Blog 2007 Review by Nicholas
Forrest
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
Celebrity Art Collectors - From Kylie to Madonna 2007-12-16 18:14:41 Celebrity Art Collectors - From Kylie
to Madonna
Having a celebrity purchase one of their artworks is a sure fire way for the value of an artist's work to skyrocket so keeping an eye on what artist's celebrities are purchasing works by is definitely worth while. Over the years I have received heaps of notifications and tips on purchases of art by celebrities so I thought that I would go through my archives and make a list of some of the celebrities and the artist’s whose work they have purchased. This is by no means an exhaustive list but should give you an idea of the extent that celebrities are purchasing art.
Grant Hill - Elizabeth Catlett, Edward Jackson
Victoria Beckham - Damien Hirst
Charlton Heston - Andrew Wyeth
Steve Martin - Picasso, Edward Hopper, Willem de Kooning, Georgia O’Keeffe, Cy Twombly, Helen Frankenthaler, Roy Lichtenstein, Picasso, Franz Kline
Steven Spielberg - Norman Rockwell
Elton John - Damien Hirst, Diane Arbus, Lucas Samaras, Henri C Read more:Celebrity
Art Market Blog - The Wall Wizard No. 1 2007-12-14 15:55:32 Art Market
Blog - The Wall Wizard
No. 1Â
I am starting a new weekly feature today called ‘The Wall Wizard’ which is my attempt at saving those poor defenceless walls that have to put up with being “decorated” with tacky 80's exhibition prints in cheap dusty frames (YUK!!). Imagine how fantastic it would be to have people walk into your living room and be greeted by an amazing artwork that immediately attracts their attention and turns your room from drab to fab!!! The column will involve a brief analysis of an affordable artwork that is available online along with a recommendation of the sort of room or interior style that would best suit the display of this particular artwork.
My first recommendation is a work by the fantastic British artist Phillip Allen (image of work above)Â whose work has been widely exhibited internationally including a solo show at the PS1 Contemporary Art Centre in New York. This limited edition signed and numbered etching is actually
Art Market Blog - Nick’s Top Ten Posts From 2007 2007-12-12 18:38:30 Art Market
Blog - Nick’s Top Ten
Posts From 2007
Why I Welcome an Art Market Correction
Why the Art Market Shouldn't Crumble, And Why You'll Keep Hearing it Will
For the Artists: HOW TO GET NOTICED NOW!!
The Pursuit of an Artificial Perfection in Art
From Garbage Bin to Gallery - But is it Art?
Six Symptoms of Art Addiction
The Best Online Galleries for Affordable Investment Art
How The Art Market Has Changed Since The 1980's
Could Fame Destroy an Artist's Career?
How to Approach the Art Market Like a Pro
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.
How to Achieve Immortality by Buying Art 2007-12-10 17:52:11 How to Achieve Immortality by Buying
Art
Have you ever gone to a gallery and seen a plaque next to an artwork stating that it had been donated by so and so, or even better, gone to a gallery where a whole wing has been dedicated to a particular person or family. The reason that these people have been given the honour of being recognised in this way is either because they have donated money, artworks or bequeathed art of money to the gallery or institution. Another reason that people donate artworks is because of the tax benefits that are available in some countries to people who donate works of art to a gallery or related institution. I definitely plan to leave some artworks to a gallery in my will and would encourage others to consider doing the same not only for the personal benefits but also because most of the public galleries around the world are poorly funded and rely on donations and bequests to enrich their collections.
The inspiration for this post is an episode of one of m
How Artists Can Get Noticed NOW !!! Update 3 2007-12-23 23:51:54 How Artists
Can Get Noticed NOW !!! Update
3
I receive many emails from artist’s asking how they can get noticed by galleries and dealers so I created this post to give artist’s some ideas for ways to promote themselves. The popularity of this post has motivated me to update it regularly as I come across new websites that would be of help to artist’s trying to promote themselves. If you have any suggestions for websites for this post then please contact me via the contact form on this blog.
Updated 25/12/07
Online Galleries:
Red Bubble:
http://www.redbubble.com
Art Mesh
http://www.artmesh.org
Invite only: http://www.wetcanvas.com/forums/showthread.php?t=462506&highlight=artmesh
Folio Snap
http://www.foliosnap.com
Merchandise:
Printfection
http://www.printfection.com
The Art Group
http://www.artgroup.com
Networking:
Digital Consciousness
http://www.digitalconsciousness.com/
Organization of Independant Artists
http://www.oiaonline.org/
Miscelaneous:
Fine Arts
Recommend Site To A Friend
