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Art & Sculptures, Investments

Hong Kong Collector Makes 154% in 2 Years

Jun 01 2016

Hong Kong Collector Makes 154% in 2 Years as the demand for the light hearted paintings of Indian figurative artist Bhupen Khakhar, who died in 2003, has continued to bubble up to the eve of his Tate Modern retrospective exhibition, which opens this week. In March, we pinpointed Khakhar as an artist to watch just before his 1970 painting, Church Gardener, was offered in New York with a £140,000 estimate. It sold for £346,000. Then last week, a smaller painting from 1986, At New Jersey, appeared at Christie’s in South Kensington with a £50,000 estimate and sold for £134,500. The seller, a collector from Hong Kong, may have sensed how Khakhar’s market was going a little earlier. They bought this painting at auction in New York in 2014 for £53,000; that’s a mark- up of 154 per cent in less than two years. A portrait that has been hanging in a Cambridge town...

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PLEYEL THE WORLD’S OLDEST PIANO MAKER FROM FRANCE

Apr 29 2016

PLEYEL the oldest piano manufacturer in the world (since 1807) and the only one in France, is dedicated to produce high-end grand pianos and provides a rare, unique and contemporary design with a high quality of acoustics for people looking for refined music instruments, elegant Art de vivre, collector’s pieces.  At the beginning, Pleyel was a renowned musician and composer from the late eighteenth century onwards with 41 sympgonies and 70 quartets, quintets and operas to his name. At his death in 1831, Pleyel had become an established piano supplier to the Empress Josephine and all the European courts. Today, all Pleyel pianos are 100% French made, entirely produced by Pleyel approved technicians and piano makers, involving more than twenty skills and crafts like : luthiery, cabinet working, varnish, precious veneers, marquetry, decor painting, lacquer and using the most innovative technologies. With more than 270.000 pianos produced, Pleyel remains the piano of Chopin, with a refined...

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Damien Hirst Preserved In Amber Comes Back to Gagosian

Apr 26 2016

Robin Pogrebin has the news that Damien Hirst and Gagosian Gallery are working together again after a four year hiatus.  According to Pogrebin’s item, Gagosian feels there’s plenty of demand but he hints at the issue bedeviling Hirst’s market: “He’s a great artist, and it’s exciting to reboot the relationship,” Mr. Gagosian said. “It feels very fresh to me. I know a lot of collectors remain very, very interested in Damien and are extremely curious to see what he’s doing.” Most market commenters blame the pullback in Hirst’s prices on the 2008 sale Hirst held at Sotheby’s supposedly flooding the market with work. But that sale also marked the end of Hirst’s progression as an artist. With the exception of the ill-received paintings shown at the Wallace Collection in London, Hirst’s work seems more historical than ever. Here’s how Gagosian’s gallery describes the upcoming Frieze booth devoted to Hirst: “It will be a classical...

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Art to See in the Galleries From Caged Dolls to a Floating Pool

Apr 25 2016

Art to See in the Galleries From Caged Dolls to a Floating Pool in NEW YORK CITY’s grand gallery mosaic keeps expanding, and pieces keep moving around. Veteran Chelsea spaces decamp to an already gallery-dense Lower East Side, or open franchises there. New arrivals refresh the stately Upper East Side, and artist-run start-ups create vibrant, if fragile, art neighborhoods in Brooklyn. For an art lover this means a confusion of riches, not just of places but of things. In galleries right now you’ll find — along with lots of painting — miniature theaters, an indoor pool, a chairlift, poetry-writing clocks, feature-length films, telepathic emails and an entire library of books that should have been written but weren’t. Keeping track of such variety takes work. A gallery sweep that a single critic for The New York Times might once have managed over a long weekend now requires several writers fanning out in different...

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TEFAF Art Sales Report 2016

Mar 21 2016

Karsten Greve one of the long-standing and great European postwar dealers, the gallery sold a large, glazed, and polychrome terra cotta Lucio Fontana vase, “Concetto Spaziale” from 1952, in the region of €350,000. Christophe van de Weghe sold Robert Mangold’s trapezium shaped 96 by 119 inch abstraction “Plane/Figure VI” from 1992, in acrylic and pencil on paper, for $650,000 to a European collector. Jack Kilgore Gallery Franz von Stuck’s large-scale “Der Drachentoter (The Dragon Slayer)” from 1913, featuring the armor costumed hero embracing a standing nude female figure, sold in the region of the $2.1 million asking price. a late Symbolist work by Edgard Maxence, “Rosa Mystica (The Mystery of the Rose)” from 1918 and measuring 64 1/4 inch in diameter, in the region of $450,000. Stephen Ongpin Fine Art sold Jacob Adriaensz Backer’s “A young Boy in a plumed cap” in black chalk with traces of red chalk for €11.000. Govaert Flinck’s...

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The Telecom Funder Backing an Effort to Connect African Artists

Mar 20 2016

The mobile phone is one of the most powerful tools for fighting global poverty ever invented. Poor societies have leapfrogged over the infrastructure hurdles of laying physical phone lines, and as the costs of phones have kept falling, nearly 5 billion people now have them—vastly increasing their economic and educational opportunities. Many funders grasp the potential of this revolution, and have launched a range of initiatives that use mobile technology to advance human progress. One corporate funder that's especially worth watching in this regard is this the telecommunications giant Vodafone. The overarching premise guiding nearly all of its corporate giving is: “Mobile for Good.” The company, which operates a global network of more than 20 foundations, supports organizations that are developing, piloting, and launching mobile tech solutions to improve the lives of underserved and marginalized populations around the world. One of the ways Vodafone does this is through its Wireless Innovation Project...

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London Contemporary Art Market Performance

Mar 19 2016

If you want a solid illustration of the leveling off in the Contemporary art market, look no further than these charts prepared by Athena Art Finance‘s data guru, Lisa Prosser. By a variety of measures, we can see that seller expectations have gotten ahead of the market and buyers are chasing after works at lower price levels. The first chart, above, shows the aggregate of Sotheby’s, Christie’s and Phillips’s Contemporary sales in a single chart. In both day and evening sales, the proportion of lots that exceeded estimates, shrunk from 2015 to 2016. Works that sold within estimates remained flat during the day sales but expanded dramatically for the evening sales. And the number of works that were bought in, or failed to find buyers, increased across both sales but to a greater proportion during the day than the evening.   Estimates are an interesting measure. But onlookers need to keep front of...

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Art Basel Miami Beach 2015

Feb 16 2016

Art Basel Miami Beach 2015 Miami Beach Convention Center (MBCC) 3-6 December, 2015 http://www.artbasel.com At the nexus of North America and Latin America, this Art Basel show presents artwork from across the globe. Over 250 of the world’s leading galleries participate, drawing over 70,000 visitors each year. With miles of sandy beaches dotted with classic Art Deco architecture, world-class art museums, and a glittering nightlife, Miami Beach ranks among America’s most iconic cities. During Art Basel, it embraces the artworld with special exhibitions at museums and galleries across the city, transforming the week into a dense and dynamic cultural event. Over 500,000 square feet of exhibition space hosts the Galleries, Nova, Positions, Edition, Kabinett, Survey and Magazines sectors, as well as our discussion series, Conversations and Salon. Public artworks are sited nearby at Collins Park, while Film is presented across two venues, inside the MBCC and in the outdoor setting of SoundScape Park. Art Basel Miami Beach...

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