Art World News

Victoria-based entrepreneur launches online art market to improve accessibility for artists

Victoria-based entrepreneur launches online art market to improve accessibility for artists
(Victoria Buzz)

Following the pandemic, many industries have seen big changes in how business is done and the visual art industry is no different.

As of Thursday, October 12th, a new online platform for artists and collectors across BC, Canada and the rest of the world launched to buy and sell art at their leisure and it was created by Victoria-based entrepreneur, Dr. Lara Tomaszewska.

She went to school at UBC and achieved her PhD in Art History before working on the Capital Regional District’s (CRD) Arts Advisory Council. 

Now, Dr. Tomaszewska has launched ArtRow, her online platform for artists and art enthusiasts to be able to find what they are looking for in an easy and accessible way.

According to Dr. Tomaszewska, the website is meant to “democratize” art transactions by giving buyers access to works that have been vetted, while remaining accessible. 

“The art industry experienced a major transformation during the pandemic, highlighting the need for new art market models,” says Lara Tomaszewska, Founder of ArtRow. “As travel to art fairs halted and galleries shuttered, gallery and auction house online sales skyrocketed.”

“This revealed an opportunity for a new digital platform where independent buyers and sellers could participate in art transactions through an easy-to-use marketplace model, and thus, ArtRow was born,” she continued. 

ArtRow has works from both historical and contemporary works from private sellers and artists alike.

Being Canadian herself, Dr. Tomaszewska has made sure to put an emphasis on artists from her home country including renowned Canadian artist, Jeremy Herndl, who specializes in landscape painting.

“ArtRow’s launch marks a significant milestone in the art market, ushering in a new era for both established and emerging artists,” said Herndl.

“From the detailed descriptions of each piece of art to the team’s commitment to transparency, the platform not only promises to be a vibrant hub for art enthusiasts but also an avenue for independent professionals to present their work globally.”

The works of art in the earliest days of ArtRow being launched so far vary from $300 to around $165,000, giving plenty of options for people regardless of their price range. 

In addition to allowing for people to use their purchasing power in a mindful, safe manner, ArtRow allows for people looking to take the leap into the world of buying or selling art to learn the basics and go as far down the rabbit hole as they wish.

“I see an exciting future,” Tomaszewska says, “Where anyone can experience art and participate in the art economy. A future in which we can hold the art world in our hands.”

Nigerian artists are at the fore at the 1-54 fair and beyond

Nigerian artists are at the fore at the 1-54 fair and beyond

Nigerian artists and the country’s burgeoning arts scene are in the spotlight in London this week. Five Nigerian-based galleries are participating in the 11th edition of 1-54 Contemporary African Art Fair at Somerset House (until 15 October), while a series of auctions in aid of the Museum of West African Art (Mowaa), due to launch in Benin City in 2027, and the Nigeria pavilion at the 2024 Venice Biennale, are due to take place at Christie’s London this weekend.

The upswing in demand for artists from the West African country is reflected in ArtTactic’s African art market report (2022), which noted that sales values at auction of Nigerian artists increased by 25.6% from $9.7m in 2021 to $12.1m in 2022.

At Frieze Masters, the Lagos-based kó gallery—the only African gallery showing at the fair—is presenting a solo stand of the late Nigerian artist Ben Enwonwu’s work. In 2019, his painting Christine (1971) sold for £1.1m at Bonhams London, strengthening the market for the man considered to be Nigeria’s master of Modernism.

At the fair, Enwonwu’s paintings and sculptures have been consigned by his family as well as local and international collectors. Indeed, due to the weakening of the Nigerian currency, the naira, Nigerian collectors looking to sell are increasingly keen for works to go abroad to cities like London, where proceeds can be boosted by stronger currency, Kavita Chellaram, the gallery’s founder, tells The Art Newspaper.

The market for Nigerian art, while bubbling, might well be tested this week. Lagos-based Wunika Mukan gallery is participating in 1-54 for the first time, showing a solo presentation dedicated to the Nigerian artist Victor Ubah whose works are inspired by Cubism (priced at £9,500).

Knowledgeable collectors

“The market for Nigerian artists exploded a little while ago and things are calming down. Prices are still strong, and demand is high for some contemporary artists. There are many collectors in Lagos who are very knowledgeable, mainly in the 45-60 age range. In London, there is [generally] a strong African art presence,” Wunika Mukan says.

Another 1-54 first-timer, Lagos-based Affinity Gallery, is showing works by two Nigerian artists: the painter Damilola Onosowobo and the ceramicist Anne Adams (priced between £6,500 and £8,500). “We are looking to expand our collector base and knowledge of what Nigerian art is,” says the gallery manager Moni Aisida.

Table for you and a few (2023) is one of the paintings by Damilola Onosowobo, being shown by Lagos-based Affinity Gallery

Courtesy of Affinity Gallery

Sandra Mbanefo Obiago, the founder of SMO Contemporary Art gallery from Lagos, notes that the country is experiencing a “cultural renaissance” despite the background of “political and economic challenges”. In February, Nigerian voters went to the polls to elect a new president, which could have heralded a moment of transformation for Nigeria’s artists and museums, but in fact resulted in “a huge devaluation of currency,” Obiago says.

Her gallery is showing three artists “across three generations” including Victor Sonoiki who is unveiling a new body of works entitled When Love Is Right (2023, priced between £4,600 and £4,800). “This is our sixth year; 1-54 works for us as a platform; we’re trying to bring some balance to the African art narrative.”

Dolly Kola-Balogun, the founder of the Abuja-based Retro Africa gallery and a consultant for the Kwara State government, says 1-54 London helps bring Nigerian collectors to the fore. “It has a fair share of European, American and Asian collectors but I love that African collectors don’t play second fiddle in this space. Nigerian collectors most especially seem to be major power brokers and have increasingly positioned themselves in this role.”

Three to see: 1-54

Courtesy of the artist and Kristin Hjellegjerde Gallery

Wendimagegn Belete, Between Matter and Memory series (2023), £10,000- £25,000, Kristin Hjellegjerde Gallery

The Ethiopian artist Wendimagegn Belete mixes things up in a series of silkscreen paintings touching on themes such as colonialism, exploring especially how “Western perspectives have often portrayed other cultures and regions in a simplistic and skewed manner”, says a gallery statement. The works combine archive images from early 20th-century Africa and technical drawings of camera equipment.

Courtesy of Efie gallery

J.K. Bruce-Vanderpuije, Accra Optimists Club (1930s), £14,000 (edition 2 of 3), Efie Gallery

J.K. Bruce-Vanderpuije was one of the few commercial photographers working in Accra in the 1920s. “This image shows a Black gentleman’s club at the height of colonialism,” says Kwame Mintah, the director of Efie Gallery. The Bruce-Vanderpuije family has since amassed the world’s largest collection of Ghanaian photographs (the artist’s estate is held by the Deo Gratias studio in Accra).

Courtesy of the artist and Vigo Gallery

Lakwena Maciver, Gary (2022), £24,500, Vigo Gallery

Lakwena Maciver’s Jump paintings consist of abstract portraits of celebrated basketball players. “Maciver takes physical and biographic references as a starting point,” says a gallery statement. “I like the notion of the basketball court as a platform or stage where the players become almost like superheroes…these paintings are about being aspirational, dreaming and the connection between people,” says the artist.

A Balthus Painting Deaccessioned by the Art Institute Of Chicago Heads to Auction at Sotheby’s, Where It Could Fetch $18 Million

A Balthus Painting Deaccessioned by the Art Institute Of Chicago Heads to Auction at Sotheby’s, Where It Could Fetch $18 Million

A painting by Balthasar Klossowski de Rola, known as Balthus, has been deaccessioned by the Art Institute of Chicago and is expected to fetch as much as $18 million at a Sotheby’s auction in New York.

The 1948 painting Solitaire, also known as La Patience, has been in the Chicago museum’s collection for nearly six decades but was deaccessioned so the museum can acquire new works, a spokesperson for the Art Institute confirmed to Artnet News. The news was first reported by The Art Newspaper.

“Balthus’s Solitaire was part of the Art Institute of Chicago’s Joseph Winterbotham Collection, which was established in 1921. It is a collection jointly overseen by Modern and Contemporary Art and Painting and Sculpture of Europe comprising up to 35 modern European paintings,” a museum spokesperson said over email.

“The collection was established with a mandate for continuous evaluation and improvement, and it is regularly reassessed. To acquire new work for this collection, the museum must deaccession from it.”

In further comments to The Art Newspaper, the Art Institute said it acquired the work from Balthus’s dealer Pierre Matisse, the son of Henri Matisse, in 1964 but that its deaccession was spurred by the fact the museum had numerous works by the artist in its collection.

Sotheby’s said it will publish a full catalog essay with further information in coming weeks before the Modern Evening Auction in November.

Sharon Kim, Sotheby’s deputy chairman of modern art in New York, said that institutional deaccessions like the Balthus painting “mark significant moments for the market” because works that have been in collections “reemerge for the first time in years if not decades.”

“Bringing these works to auction is an opportunity for collectors to acquire truly museum-quality works and speaks to the overall importance and value of provenance,” Kim said, adding that the fact such works had once been in a museum collection “reinforces the quality and importance of the work.”

Kim said that the sale of Solitaire “will be a much-anticipated moment for collectors” because of its five-decade history with the Art Institute of Chicago.

Balthus painted the work in Fribourg, Switzerland, during World War II. In an emailed statement, a spokesperson for Sotheby’s called it a “remarkable example” of his work.

The painting portrays Balthus’s model Jeanette Aldry engrossed in a game of Solitaire, representing the artist’s first depiction of a card game, which would become a recurring motif in his oeuvre.

“Aldry is depicted alone beside an extinguished candle, a vanitas symbol representing the passage of time,” the spokesperson said. “These symbolic elements, coupled with Balthus’s skillful use of dramatic chiaroscuro, nods to the artist’s love of the Old Master painters.”

More Trending Stories:  

An Early Edition of an ‘Unhinged’ Christopher Columbus Letter Outlining What He Discovered in America Could Fetch $1.5 Million at Auction 

An Elderly Couple Sold a ‘Worthless’ African Mask for $157. Now They Are Suing the Buyer Who Auctioned It for $4.4 Million 

An English Woman Paid $100 for a Sculpture at a Trunk Sale That Turned Out to Be an Elisabeth Frink Work Worth $72,000 

Three Artists, Immersed In Far-Flung Residencies, Offer Unique Takes on Human Truths at New York’s International Center of Photography 

What I Buy and Why: British Artist Glenn Brown on His Historical Collection and the ‘Ugly Duckling’ He Bought by Accident 

A Norwegian Man Stumbled Upon a Trove of Gold Dating to the Early Middle Ages, Including a Rare Pendant Depicting the Norse God Odin 

A Top Antiquities Sleuth Has Called Out the Manhattan D.A. For Continually Passing His Work Off As Its Own 

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More Than 10,000 Indigenous Earthworks Hidden in the Amazon Reveal Human Connections to the Forest Over Millennia

More Than 10,000 Indigenous Earthworks Hidden in the Amazon Reveal Human Connections to the Forest Over Millennia

Photos by Diego Lourenço Gurgel, courtesy of Vinicius Peripato, shared with permission

For at least 12,000 years, Indigenous societies have called the Amazon basin home, but for archaeologists, finding evidence of these ancient communities is often inhibited by the region’s dense forest. Thanks to remote-sensing LiDAR, or light detection and ranging technology, researchers Vinicius Peripato and Luiz Aragão of Brazil’s National Institute for Space Research led surveys that identified 24 previously undocumented earthworks. Recently publishing their findings in Science, they share:

These ancient Indigenous societies had profound knowledge of earthmoving, riverine dynamics, soil enrichment, and plant and animal ecology, which allowed them to create domesticated landscapes that were more productive for humans. With earthmoving techniques, Indigenous peoples created a wide variety of earthworks (i.e., ring ditches, geoglyphs, ponds, and wells), mostly between 1,500 and 500 years before present, with social, ceremonial, and defensive functions.

Stunning aerial photographs taken in the raking light of the late afternoon reveal monumental geometric shapes in the land, often seen in clusters or concentric arrangements. Using distribution models and comparing the abundance of large-scale archaeological sites across the area, the scientists suggest that between 10,000 and 24,000 sites remain undiscovered across Amazonia’s 2.59 million square miles.

Peripato, Aragão, and their team also uncovered evidence of domesticated tree species, proposing that some of the the societies actively practiced forestry. “These archaeological legacies can play a role in present-day debates around Indigenous territorial rights,” the researchers say. “They serve as tangible proof of an ancestor’s occupation, way of life, and their relationship with the forest.”

Explore more of the team’s research in-depth on Science.

 

An aerial photograph of ancient Indigenous earthworks in the Amazon.

An aerial photograph of ancient Indigenous earthworks in the Amazon.

An aerial photograph of ancient Indigenous earthworks in the Amazon.

An aerial photograph of ancient Indigenous earthworks in the Amazon.

An aerial photograph of ancient Indigenous earthworks in the Amazon.

An aerial photograph of ancient Indigenous earthworks in the Amazon.

An aerial photograph of ancient Indigenous earthworks in the Amazon.

An aerial photograph of ancient Indigenous earthworks in the Amazon.

Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $5 per month. The article More Than 10,000 Indigenous Earthworks Hidden in the Amazon Reveal Human Connections to the Forest Over Millennia appeared first on Colossal.

Indigenous art market, apple festival, ‘Millfreaks’ and MORE happening this weekend!

Indigenous art market, apple festival, ‘Millfreaks’ and MORE happening this weekend!

Along with the eclipse that’s going to deliver some out-of-this-world views, there are plenty of other activities to keep the whole family entertained!

For a full list of activities happening Saturday morning specifically around the eclipse, we’ve got you covered! Just click here to explore the fun. If you want to head to a Utah State Park for an adventurous day in nature PLUS eclipse activities, click here to find out what parks are hosting events.

Also, spooky season is here and Utah always delivers some amazing displays! We’ve got a haunted map up of allllll the bone-chilling attractions you can go see through the end of the month. Just click here…if you dare…to find out what haunted attractions are near you!

If you know of an event that isn’t on this list or you have something coming up, email the details to news@fox13now.com

Here’s what’s happening this weekend:

CACHE COUNTY

Fall Harvest Festival – A corn maze, hay activities, train rides, ponies and MORE at the American West Heritage Center in Wellsville on Friday and Saturday! Admission is $10, and FREE for kids 2-years-old and younger.

IRON COUNTY

Movie in the Park – What’s better than an outdoor movie in the park? A FREE outdoor movie in the park with POPCORN! Bring your blanket or chair and head to Main street Park in Cedar City for a Halloween showing of Hotel Transylvania on Saturday after sunset.

Fall fest and car show – Food, vendors, games and a variety of cars will be on Parowan’s Main Street and in the City Center Park from 10 a.m. until 4 p.m. Watch the eclipse in the morning and then stick around all day to enjoy some community fun!

KANE COUNTY

Glendale Apple Festival – An apple a day keeps the doctor away! This two-day festival will include a quilt show, apple cook-ff, dinner in the park, archery, vendor fair, apple pie eating contest, movie in the park and more! Support the local community on Friday and Saturday all day at the Glendale Town Park!

SALT LAKE COUNTY

Millfreaks – No tricks (well, maybe just a few) at this Halloween event happening in Millcreek this weekend! This event is an entertainment-hunt where attendees will take a trip around the city to visit different stops. There will be live music, an animal show, interactive activities, dancing, challenges, trivia and prizes! Happening Saturday at 4 p.m., 5 p.m. and 6 p.m.

Indigenous Art Market – Shop for Native American art and jewelry on Saturday and Sunday at the Natural History Museum of Utah! There will also be music, dancing, fry bread and Indian tacos, and lectures from artists. The entire event will celebrate Native American culture in Utah! Tickets required.

Day of the Dead Celebration – Celebrate Day of the Dead at Trolley Square on Saturday from 10 a.m. until 5 p.m.! Free admission for all to this community event.

TOOELE COUNTY

Honey Harvest Festival – Honey tasting, a craft fair, vendors, beekeeping demonstration, games, pony and camel rides, bounce houses, a petting zoo, harvest activities and MORE at the honey harvest festival on Friday and Saturday at Clark Historic Farm in Grantsville! $3 admission for guests 3 years and older. Don’t miss it!

UTAH COUNTY

Autumn Harvest Festival – At Provo Pioneer Village, take a step back in time and enjoy spinning, scary stories, blacksmithing, apple pressing, cornhusk dolls, refreshments, wood shop and more on Friday from 5-8 p.m. Celebrate the new season with a taste of pioneer traditions!

WEBER COUNTY

Self Reliance & Safety Fair – Learn how to be ready for anything at this fair hosted at the Golden Spike Event Center on Saturday from 10 a.m. to 7 p.m. Along with lectures from various Utah organizations, there will also be booths, health checks and a blood drive.

Empty Bowls event – Enjoy local food, meet potters and go home with a handmade bowl! Tickets are required but include a bowl, food and a ticket for a prize drawing. All proceeds benefit the Weber Cares Food Pantry so it’s a great cause and a chance to go home with a unique piece of art!

The secret to making a fortune with your art collection

The secret to making a fortune with your art collection

Art is never a rich person’s first purchase. ‘It comes second or third,’ says Neil Wenman, global creative director and partner at leading gallery Hauser + Wirth. ‘The people spending $50 million upwards on art already own a yacht [or two].’ They also own multiple houses, so whatever they’re buying to hang on their oversized, pristine white walls in Aspen, Palm Beach, London or Dubai must have value beyond future financial appreciation or even decoration. It has to say something about its owner, namely that they’re in tune with the times.

Recognisable art is always in demand, although what is recognisable changes with every generation. If you see an Antony Gormley or an Andy Warhol in someone’s home, you can pretty much assume the owner is north of 50. A painting by the red-hot British abstract artist Pam Evelyn? That suggests you’re nursing your first beard.

The term ‘blue chip’ has long been used to describe artists whose places are secured in history. Blue chip is what you see in top museums and foundations, and in the private wings of the world’s richest collectors. It is considered a ‘safe’ investment that will creep up in value over time. Blue-chip artists like Picasso, Matisse, Gerhard Richter, Warhol, Jeff Koons and Giacometti were once considered bulletproof. But that was before ‘red chip’ arrived.




Visitors to an art gallery photograph a work by American artist Kehinde Wiley


Credit: JitskeNap

Red-chip art – a term coined by the journalist Scott Reyburn – is the great disruptor. It’s essentially new art (the artists are often under 40 and previously unknown) that gets the kind of instant financial returns blue-chip investors can only dream of. Red-chip art is almost wet to the touch, having just been craned out of the studios of Columbia’s MFA programme or a small group show in Shoreditch. Social media plays a huge role in its ascent (and its possible descent).

Red-chip artists can see works triple in price in a matter of years thanks to the practice of ‘flipping’ at auction houses – that is, putting something up for sale mere months after you bought it from a dealer, for a quick profit. (Flipping used to happen only when an artist was considered ‘legacy’.) Red-chip artworks can sell for 20 times their estimate, as in the case of The Bathers (2015) by the African-American artist Amy Sherald, which sold for $4.3 million at Phillips in 2020. By 2022, the total turnover at auction from artists under 40 reached an all-time high of $200.9 million. This meant unprecedented multi-million-dollar prices for red-chip artists such as Flora Yukhnovich, Nicolas Party, Dana Schutz, Amoako Boafo and Lucy Bull. Artists as young as 28-year-old Canadian Anna Weyant, already ‘flip’ for $1.6 million.

The question on everyone’s lips is, can it last? Established galleries such as Gagosian, which used to deal only in legacy, are also participating, recently bringing on board the British artist Jadé Fadojutimi. This saw her prices soar from £20,000 to £402,200 in a space of a few years; her painting Acquainted Intruder fetched close to £1 million at Christie’s last year. For reference: a landscape by the late self-taught artist Matthew Wong can fetch more than $6 million at auction. That’s twice what you would pay for a landscape by the 19th-century German artist Caspar David Friedrich. Red-chip artist Dana Schutz’s Elevator sold at Christie’s for a record $6.5 million in 2020, beating an Andy Warhol (with only one bid) by $400,000.




An oil and pencil on vinyl portrait by Amoako Boafo presented during Art Basel Miami Beach


Credit: Getty

Red chip fever can be explained in part by the mad prices reached by young(ish) artists such as Jeff Koons in the 1980s. Contemporary art makes old people feel young and young people feel trendy.

Nothing changes, says Joseph Koerner, who lectures on art history and architecture at Harvard University. ‘There is a long-standing assumption in the top end of the contemporary art market that A, what will change the course of history is happening now rather than in the past, that B, what is transformative now will have been overlooked by almost everyone due to its novelty (true from Manet and Picasso on), and therefore C, there will be premium on being first.’ This makes punters try to game the market by focusing on the new. ‘It’s sort of like a “fund” for start-ups, where 10 per cent might survive and the rest go down the tubes,’ he says.

The fact that owning a work by Flora Yukhnovich (the 33-year-old British darling of the art world who paints landscapes reminiscent of Fragonard) speaks as much about your market savvy as it does your good taste, forces dealers to set the bar higher and higher for new buyers in the market.

This means ever more ‘lists’, which are to art what bouncers are to Berghain. A list is a series of collectors well known to the gallery who are ‘allowed’ to purchase a sought-after work. Of course, if you are Bill Gates and not on the list, your name will be rapidly added – but in general they are about keeping the riff-raff at bay.




British painter Flora Yukhnovich pictured at her studio in London


Credit: Rii Schroer

Lists exist solely so galleries can strategically place works, first with museums (which boosts an artist’s fortunes) then foundations, and, finally, important existing collectors. Such lists may also place restrictions on whether and when you can sell at auction, limiting the buyer’s flipping potential.

Punters are not difficult to spot, says gallerist Josh Lilley, who represents star red-chip artists such as Tom Anholt (whose work sold out at Frieze Seoul) and the American sculptor Kathleen Ryan, whose prices have risen from $5,000 to $400,000 in seven years. Lilley manages his artists’ careers closely and seldom loses one of them – unusual in today’s red chip frenzy, which sees galleries trying to lure away competitors’ talents.

A newbie collector who wants to buy a particular artist may have to undergo an inspection of their home on grounds of aesthetics and/or credentials. They may then be forced to buy several other works by less prized artists in order to show ‘good will’ before being allowed to spend money on the one they were actually interested in. And even then, they may have to commit to buying several works by the same name, not just one work. ‘What you want’, says Lilley, ‘is a sell-out show.’
When this happens, the poachers inevitably circle. ‘Some artists can be tempted by a larger gallery with more space and bigger budgets,’ says Lilley. This can work, he says, ‘for short-term gain’.

Artists also play the list game. The American artist Lauren Halsey, 36, for example, chose to publish her requirements online on Art Net: certain works could be sold only to people of colour or to public collections.

The rise of red-chip art coincided with the tech bubble. Now that interest and inflation are both sky high, and money is expensive to borrow, will it also burst? Overnight success can lead to what Caspar Jopling of White Cube calls ‘the shooting star effect’. ‘If an artist gets too hot too fast, they can see prices plummet to zero, as they did for the members of the “zombie formalism” group,’ he says. Made using paint-filled fire extinguishers, or with dirt from the studio floor, works by this group initially sold for as high as $400,000. ‘Now it’s zero,’ he says.




Caspar Jopling of White Cube


Credit: RONAN PARK

Artists are also wary of the ‘it’ effect. ‘Overnight success is very rarely seen as positive,’ says the sculptor Finbar Ward, who graduated from the Ruskin School of Art in 2013. ‘If you see an artist’s prices go too high, it disincentivises existing collectors from buying more, and leaves the artist nowhere to go. Relationships with galleries really matter because a career should be carefully choreographed over a long period of time.’

Art advisor Sibylle Rochat of Rochat Art Consultancy says newbie buyers often come to her armed with invoices of what they’ve bought from hot artists. They plan to sell, only to find their collection has not retained its original value. ‘We do damage control,’ she says.

Rochat advises against red-chip art. ‘That train has left the station, I fear,’ she says. ‘Art is getting more and more commodified, a process which auction houses are facilitating. Artists are speculating too, and can burn 1,000 bridges. It’s simply not sustainable.’ Her own clients know what they like and closely follow more established artists’ careers over decades. ‘They might fly to Tokyo to see him or her in a show; they may even support an artist to mount an exhibition,’ she says.




White Cube exhibits at Tefaf so that collectors can see old and new art in situ


Credit: LoraineBodewes

Art needs context. One of the reasons White Cube exhibits at Tefaf, the Maastricht-based blue-chip art, antiques and jewellery fair, is so that collectors can see old and new art in situ. ‘Art for us is about the place it commands in an historical sense,’ says Jopling. ‘It’s not just about how you hang work; it’s about finding the references between African masks and an old master from another century.’ By positioning their (all-white) gallery in among darkly painted stands full of antiquities, they appeal to the older collector who may find new art ‘scary’. Young collectors are still few and far between at Tefaf, despite museums flying in their hottest young guns.

According to Forbes, there are 2,755 billionaires who can comfortably drop $200 million on art right now. What sells art – to them – is the story (which is often more important than the artwork itself). The Knight Frank Luxury Investment Index says art was the top-performing ‘investment of passion’ in 2022. It is also a quick way to move up the social ladder. A single purchase at an auction house is enough to ensure you are on the right invitation lists. It’s also the fastest way for auction houses to make money: Sotheby’s reported in 2021 that the number of customers under 40 had increased by 187 per cent, and millennials are the fastest-growing constituency of collectors.

Contemporary art is about contemporary issues. ‘Today it’s all about female artists, artists of colour, artists of the LGBTQ community, politically minded artists and artists previously overlooked,’ says Wenman.




Flower Wall by Alixe Lay at Tefaf

Enter the private art advisor, some of whom can earn millions of dollars working for just one family. Among this very select group of experts is Jane Suitor, the name behind the Freddie Mercury sale at Sotheby’s last month (which fetched £40 million, setting a record for any sale of its kind; Gen Z loves anything to do with celebrity). Suitor is responsible for bringing the collection to Sotheby’s, and although she won’t mention her very famous clients by name, they mention her (Victoria Beckham tagged her in an Instagram post). Suitor’s job is to help new and established collectors find their voice.

‘Finding a theme is important,’ she says. ‘The collector Valeria Napoleone only collects female artists, for example. Rather than look at who or what is cool right now, she puts it into a larger context of female art.’

Like many in the industry, Suitor feels the art market is about to enter ‘choppy waters’, which is all the more reason to focus on blue-chip investments. ‘I would suggest single-mindedness, whether that be nudes or painting from a certain date. You still can’t go wrong with a Picasso or two. If you have a view to selling, it’s always a better bet. If you’ve kept it hidden from view for years, when it does come to market, the narrative is strong.’

But although historically one held on to art until one of the three Ds – death, debt or divorce – loomed, now it’s about pushing up the price of the stock quickly. ‘The more opportunities art has to change hands, the more the profit,’ says Milena Lazazzera, a luxury writer and consultant. ‘The appeal of a living artist as opposed to an old master is that they have multiple opportunities to make more art, and, of course, product. Gen Z loves collaborations with fashion brands,’ she adds.




Bad Melon (Double Rainbow) by American sculptor Kathleen Ryan, whose prices have risen from $5,000 to $400,000 in seven years


Credit: Prudence Cuming Associates

As for buying fashionable artists, there’s always a risk. Buying Jeff Koons in the 1990s will have stood you well; Julian Schnabel on the other hand, not so much – his reputation fluctuates madly. That’s why it’s important to buy what you actually like and hang it, which her clients do. Suitor hunts for new blood at degree shows at the Royal College of Art and newer spaces such as The Artist Room (run by Milo Astaire), snapping works up before the established galleries come hunting. Here, as elsewhere, ‘the story matters,’ she says.

Even experienced buyers are unsure how to proceed. ‘The pressure to discern the next thing is too great so I gravitate to artists whose work I’ve gotten to know by visiting their studios,’ says Sarah Elson, who has been collecting for 30 years. ‘The art I buy these days usually has a very personal connection to me. I’ve watched the London art scene grow from a handful of galleries that 12 people knew about to hundreds of them that are visited by everyone from curious tourists to art advisors with billionaires in tow,’ she says.

Art is rapidly copying the fashion model, which means being available wherever you are, at all times, whether that’s St Moritz, Southampton or the lobby of a five-star hotel. If you don’t make the list on one continent, you can always try another.


Have you invested in art? Let us know in the comments

Frieze fairs open in style with big-hit art sales

Frieze fairs open in style with big-hit art sales

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London’s Frieze fairs opened in characteristic style this week, with VIP visitors ranging from actress Florence Pugh to the UK’s former chancellor of the exchequer George Osborne (now chair of the British Museum). Exhibitors were pleased by the quality of institutional and collector attendees — and that the fairs’ organisers had managed the flow of visitors better than last year’s opening crush.

Reported early sales were mostly at the relatively low end of the art market scale (under £100,000) — though bigger hits included El Anatsui, who opened in Tate Modern’s Turbine Hall this week and whose new work sold for $1.9mn (Goodman Gallery). Meanwhile Louise Bourgeois’s “Knife Couple” (1949, cast in 1990) sold for $3mn (Hauser & Wirth) and Georg Baselitz’s “Besuch in Dinard” (2023) for €1.2mn (Thaddaeus Ropac).

Much of the art on view is less experimental than at previous iterations, a reflection of a softer art market and with the backdrop of events in the Middle East lending an appropriately weightier feel to both the Frieze London event for contemporary art — marking its 20th year — and its Frieze Masters sibling for older art.

Highlights include Ella Kruglyanskaya’s “Lamentation” (2022) — a 2.1-metre-high painting of two women with their heads in their hands (Thomas Dane Gallery, $65,000); a series of ceramic handbags stuffed with sea creatures and underwater trash by Lindsey Mendick (Carl Freedman Gallery, £13,500-£15,000); a series by Rirkrit Tiravanija in which extinct animals are viewable only through a UV light (STPI, $25,000-$35,000); and a solo booth of work by Danielle Mckinney, showing solitary women, an instant sellout at Marianne Boesky Gallery ($45,000-$65,000).

An image of two women crying, heads in their hands, painted in shades of red and magenta
‘Lamentation’ (2022) by Ella Kruglyanskaya, on sale for $65,000 © Courtesy of the artist, Thomas Dane Gallery and Bortolami Gallery

At Frieze Masters, Marlborough brings a booth of 20th-century female artists who changed their names to gender-ambiguous or male monikers, including Gluck and Michael West, thoughtfully curated by Anke Kempkes; Lyndsey Ingram has a bon à tirer set (artist-approved proofs) of Matisse’s paper cut-out Jazz portfolio (20 plates, priced at more than $10mn); and Arario Gallery brings work by the Korean activist and performance artist Jung Kangja as part of the fair’s new Modern Women section. The Frieze fairs run until Sunday.


As London’s museums face a £50mn cut in Arts Council England funding over the next three years, opportunities within the commercial sector become increasingly necessary. Seven of the capital’s public institutions comprise Allied Editions, which offers limited-edition works by well-known artists and has a booth at Frieze London (£80-£15,000). This year, two institutions join the Frieze offering — London’s Gasworks and Nottingham Contemporary as a regional partner.

The word ‘Welcome’ in coloured letters above a yellow half sun, painted on a checker-patterned plastic laundry sack
Alvaro Barrington’s ‘Welcome’ (2023 is on offer at £50,000-£70,000

“We are all exploring new collaborations and models to help raise crucial funds,” says Serpentine Galleries chief executive Bettina Korek. “The power of not-for-profits coming together is so important.” Her institution offers a gold-plated pendant of a foot by Georg Baselitz (edition of 20, £5,400 each), marking the artist’s exhibition of sculptures that opened at the museum last week.

South London Gallery — which receives a third of its funding from the Arts Council — has a print by London-based interdisciplinary artist Chiizii (edition of 50, £200-£250 each). Meanwhile, also this week, four artists have donated work to SLG to be offered at Christie’s: these have a combined high estimate of £131,000 and are led by Alvaro Barrington’s “Welcome” (2023), a work painted on polyester laundry bags, which opens Christie’s evening auction with a £50,000-£70,000 estimate.


Outside of the art fairs, two London gallerists are exploring new business models. Marisa Bellani, who founded Roman Road in 2013, will close her gallery space in January to move towards what she describes as a “community” offering. There are two planks to her strategy — a “Studio” programme, which Bellani began earlier this year to hold workshops and seminars that help artists build their careers, and a “Curation” platform, which will host about two shows a year in different venues. “I can and will sell work, but that isn’t the focus. I don’t want to be reduced to being a shop,” she says.

A painting of an American suburban street crossing shows a man holding large crucifix and a couple pushing a stroller. A traffic light hangs over head against a cloudy orange sky
‘Huntingdon Drive South’ (2023) by Adam de Boer © Courtesy of the artist and Taymour Grahne Projects

Bellani admits that funding for her new project is still an issue — “there is no money yet in my plan”. But she says she can charge per hour for coaching and is also sounding out private collectors for support. Her artists, she adds, are fully behind the shift.

Meanwhile, Taymour Grahne has announced that he is stopping his six-weekly gallery exhibition programme in favour of running about five, one-week-long “nomadic exhibitions” per year and relaunching his art advisory business. “The truth is, you get a busy opening and first and last Saturday, but the time between has become a bit of a dead zone,” he says. The nomadic programme “has an element of surprise” that appeals more to “this age of short attention spans”. His first showing outside of his space will be in Cromwell Place, with separate exhibitions of Adam de Boer and Luey Graves (January 16-21).


A abstract painting of kaleidoscope-like images, with shafts of bright green and blue shining through a backdrop of translucent gold and brown
‘Whilst I whimper, I hope I can become whimsical on a whim’ (2023) by Jadé Fadojutimi

“This isn’t like the meat raffle in Wigan,” summarised broadcaster Vernon Kay, master of ceremonies at this year’s Art of Wishes gala auction, which kicked off Frieze Week in the recently opened luxury Raffles hotel in London. Glamorous attendees included Princess Beatrice and Edward Enninful, outgoing editor of British Vogue. Bidding on the 12 lots offered live by Christie’s global president Jussi Pylkkänen came from some of the market’s big-name participants and demonstrated a rare camaraderie between the world’s leading auction-house specialists.

This live sale alone made a total £1.2mn — with Christie’s fees waived. The event as a whole raised £2.6mn for Make-A-Wish UK, a charity for children with critical illnesses, one of whose patrons is the collector Batia Ofer, incoming chair of the Royal Academy Trust. The top lot of the evening was a new painting donated by Jadé Fadojutimi, also among the evening’s guests, which sold for £320,000.

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Anish Kapoor’s ‘Untrue/Unreal’ Dissolves Dichotomies Through Sculptural Interventions at Palazzo Strozzi

Anish Kapoor’s ‘Untrue/Unreal’ Dissolves Dichotomies Through Sculptural Interventions at Palazzo Strozzi

“Svayambhu” (2007), wax and oil-based paint. All images © Anish Kapoor, courtesy of Palazzo Strozzi, shared with permission

Untrue Unreal exemplifies the questions British-Indian artist Anish Kapoor (previously) has grappled with throughout his career, particularly those surrounding space and perception. On view now at Palazzo Strozzi in Florence, the exhibition encompasses new and previously shown works that offer insight into the mainstays and evolution of the artist’s decades-long practice, along with his profound interest in materiality.

Opening the show is “Void Pavilion IV,” a sleek, white cubic structure nestled inside the Renaissance courtyard. Viewers are invited to walk through the stark, geometric form, which functions like a void, plunging them into a quiet, meditative space before venturing into the galleries. Inside are several of Kapoor’s earlier works, including the well-known “Svayambhu.” Sliding between two spaces and leaving gloopy clumps in its wake, the massive brick of red wax explores how architecture shapes materials and the relationship between matter and emptiness. Other works include the primary colored sculptures of “To Reflect an Intimate Part of the Red” and “Angel,” which probe the tension between the earthly and non, along with “Newborn,” a mirrored sphere evocative of the artist’s iconic “Cloud Gate” in downtown Chicago.

Dualities of all kinds—geometric and biomorphic, transience and permanence, concave and convex—characterize Kapoor’s work and emerge in the exhibition title. Considering how boundaries between two distinct objects or concepts dissolve, Kapoor explains about Untrue Unreal:

At this time of ultra-nationalism taking the world over, political fiction poses as the real and is blind to history. The real/unreal–true/untrue game is a trope of our times… I dare say that we have lost touch with human reality and that of our fellow comrades, a hundred million of whom wander the world as refugees. All this in blind ultra-nationalists’ indoctrination. Untrue–Unreal today. The artist’s role, according to me, is to look to the unknown or half-known. I have nothing to say. My truth is to trust in what I don’t know or half know, in this the Untrue/Unreal is a guide.

Untrue Unreal is on view through February 4, 2024. Find more of Kapoor’s work on Instagram.

 

a sleek white cube structure is nestled inside a renaissance courtyard

“Void Pavilion VII” (2023)

a massive red wax brick appears to slide through a doorway

“Svayambhu” (2007), wax and oil-based paint

a massive red wax brick pushes through a doorway

Detail of “Svayambhu” (2007), wax and oil-based paint

a large spherical mirrored sculpture rests on a pedestal with a mirrored shield in the background

“Newborn” (2019), stainless steel, 300 x 300 x 300 centimeters

a woman walks through a gallery with large bright blue stone like sculptures on the floor

“Angel” (1990), slate and pigment

geometric shapes in yellow and red rest on a wooden gallery floor

“To Reflect an Intimate Part of the Red” (1981), mixed media and pigment

a large bright red column extends from floor to ceiling

“Endless Column” (1992), mixed media

Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $5 per month. The article Anish Kapoor’s ‘Untrue/Unreal’ Dissolves Dichotomies Through Sculptural Interventions at Palazzo Strozzi appeared first on Colossal.

STAGWELL (STGW) MARKETING CLOUD LAUNCHES HARRIS QUEST, AI-POWERED REAL-TIME RESEARCH SOFTWARE SUITE POWERED BY THE HARRIS POLL AND MARU

STAGWELL (STGW) MARKETING CLOUD LAUNCHES HARRIS QUEST, AI-POWERED REAL-TIME RESEARCH SOFTWARE SUITE POWERED BY THE HARRIS POLL AND MARU

The Rebrand of Harris Brand Platform Comes as it Gains its 150th Client, Now Operating in Over a Dozen Countries

NEW YORK, Oct. 12, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW) Marketing Cloud today announced that The Harris Poll and Maru are working together to create a suite of integrated, AI-based research products that will go to market under the newly formed “Harris Quest.” The new unified brand will deliver a full suite of martech research offerings, inclusive of AI-enabled self-service polling and other “instant information” SaaS solutions.

At launch, Harris Quest’s product portfolio will include:

  • QuestBrand: Always-on, real-time brand tracking
  • QuestDIY: Self-service quantitative surveys
  • QuestPRO: Professional-grade survey and insights tools
  • QuestCX: Customer experience management solutions
  • Quest IC: Insight community management
  • QuestAI: Digital qualitative and quantitative insights tool

Harris Quest will eventually be fully interoperable with other Stagwell Marketing Cloud software and data tools for modern marketing teams.

“Stagwell Marketing Cloud is taking millions of data points from the world’s most reliable polling organization and infusing it with a fully scalable software platform,” said Mark Penn, Chairman and CEO. “This combination will truly unleash ‘research-as-a-service’ for the modern marketer.”

The Harris Poll is a leader in global public opinion with overnight polling and always-on brand tracking software, the latter of which looks at more than 2,000 brands on a continuous basis and collects over half a million interviews yearly. Now with Maru’s software platform integrated, Harris Quest can more precisely monitor society and the marketplace as it happens worldwide. With over 60 years’ experience as a trusted arbiter of society and culture, Harris’ deep research systems and consulting expertise give this new software advantages over both traditional market researchers as well as tech startups in the research sector.

“These tools dramatically give marketers of any size enterprise-grade research at a fraction of the cost,” said Harris Quest co-CEO Will Johnson. “This means faster insights and decision-making and more ways to keep pace with the marketplace, backed by Harris Poll reliability.”

About The Harris Poll “Hard Data. Human Truths.”

The Harris Poll is a global public opinion, analytics, and market research consultancy that strives to reveal society’s authentic values to inspire leaders to create a better tomorrow. With a global research reach of more than ninety countries, Harris offers advisory services across sectors to world leaders, CEOs, and business decision-makers with state-of-the-art analytics, real-time software services, and practitioners in marketing, reputation, customer experience, trends, futures, and thought leadership/research-for-public release, The Harris Poll translates shifting social sentiment into a competitive marketplace advantage. Harris is a Stagwell (NASDAQ: STGW) company. www.theharrispoll.com.

About Stagwell Marketing Cloud  

Stagwell Marketing Cloud (SMC) is a suite of data-driven SaaS solutions built for the modern in-house marketer. Born out of Stagwell’s (NASDAQ: STGW) network of award-winning marketing agencies, SMC’s technology empowers marketers to drive business impact by giving them intuitive tools equipped with proprietary, actionable data. SMC’s portfolio of solutions powers strategic customer research, communications, and media activation for brands worldwide by leveraging technology such as generative artificial intelligence, shared augmented reality, and more. Get your head in the cloud at www.stagwellmarketingcloud.com.  

About Stagwell

Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients.  www.stagwellglobal.com

CONTACT: 
Sarah Arvizo
pr@stagwellglobal.com

SOURCE Stagwell Inc.