Displaying items by tag: Art Collecting

The Frick’s Center for the History of Collecting announces a new book series with the publication of its first volume, "Holland’s Golden Age in America: Collecting the Art of Rembrandt, Vermeer, and Hals." This series, entitled The Frick Collection Studies in the History of Collecting, is co-published with the Pennsylvania State University Press, and will ultimately cover a broad range of art collecting, reflecting the Center's reach well beyond the parameters of the Frick's own scope to include topics on modern and non-western art. Comments Inge Reist, Director of the Center, “We aim to encourage new scholarship in this young field of art history through our annual acclaimed symposia and ongoing fellowship program, much of which leads to new publications. Complementing that activity is this series that enables the Center to make its own contribution to the growing bibliography on the history of collecting in America.” This and future volumes are drawn from papers given at the Center’s symposia. Upcoming books from recent events include "A Market for Merchant Princes: Collecting Italian Renaissance Painting in America" (February 2015), edited by Inge Reist; "Going for Baroque: Americans Collect Italian Paintings of the 17th and 18th Centuries," edited by Edgar Peters Bowron; and "The Americas Revealed: Collecting Colonial and Modern Latin American Art in the United States," edited by Edward Sullivan.

Americans have long had an interest in the art and culture of Holland’s Golden Age. As a result, the United States can boast extraordinary holdings of Dutch paintings. Celebrated masters such as Rembrandt, Johannes Vermeer, and Frans Hals are exceptionally well represented in museums and private collections, but many fine paintings by their contemporaries can be found here as well.

The art world can be an intimidating place for an aspiring collector with a modest budget. Artsicle is here to help. Founded by Alex Tryon, 26, and Scott Carleton, 27, Artsicle is an online venture that rents inexpensive art at a low rate. Removing haughty galleries and astronomical price tags from the equation allows a new generation of collectors to figure out what they like. By allowing this often dismissed demographic to explore art collecting, they may be more inclined to make major investments further down the line when their pockets have a little more padding.

Artiscle launched in December 2010 and featured the work of 10 artists. Within a few weeks Tryon and Carleton decided to shift the site’s focus to renting rather than buying. The company went from shipping about 30 works a month to 100. Artsicle now feature 150 artists and has 3,000 works in its online inventory.

New clients take a quiz when they land on artsicle.com that reveals their visual predilections. From there, Artsicle assembles a portfolio that is meant to appeal to the visitor based on their likes and dislikes generated by the quiz. It costs anywhere from $25 to $65 a month to rent an artwork depending on the size. Clients can choose to renew the rental if they’re fond of the work or they can trade it in for a new piece. Buying is also an option and works usually run anywhere from $500 to $2,500. Artsicle keeps 50 percent of the rental price and 30 percent of sale.

As stated on their website, “Artsicle makes it accessible, affordable, and fun to get started collecting.”

As auction houses prepare for their fall sales, Chinese collectors are expected to be a major boost for the market, raising their paddles for big-ticket artworks despite a backdrop of global economic turmoil.

With China’s economy booming, art collectors there have become an increasingly powerful force in the market, demonstrating a growing interest in Western as well as Asian art.

At Sotheby’s spring sale, a Chinese buyer bought the evening’s priciest painting — Picasso’s “Femme Lisant (Deux Personnages)” — for $21.3 million. In March, at the auction house Lebarbe, in Toulouse, France, a Chinese buyer set a new French record for Chinese art with a $31 million bid on a scroll painting from the Imperial Palace in Beijing. Last year an anonymous telephone bidder who was believed to be Chinese paid $106.5 million for Picasso’s “Nude, Green Leaves and Bust” at Christie’s, a record for a work of art at auction.

Chinese auction houses are now selling works at a pace formerly associated with those in London and New York. One company that tracks the fine-art market, Artprice, reported that they were responsible for some $8.3 billion in sales, which would make them the world leader.

“We have seen exponential growth by mainland Chinese buyers who were brought up during the Cultural Revolution,” said Henry Howard-Sneyd, Sotheby’s vice chairman for Asian art. “These are successful business people with huge amounts of money at their disposal.”

The auction market is responding to the new demand. Last year Sotheby’s held its first exhibition for the private sale of art specifically for the Asian market. It featured Picassos, Monets and Chagalls that sold for $2 million to $25 million.

This year Christie’s appointed Chinese representatives in both New York and London to develop new clients in Asia and manage relations with Christie’s most important private collectors from mainland China and Asia.

“Chinese buyers are now recognized in the art world and auction world as the most important area of business development,” said Lawrence Chu, a collector based in Hong Kong who runs BlackPine Private Equity Partners.

The current Chinese influx is fueled by the sort of new wealth that has made the country home to the world’s largest number of billionaires, according to the Hurun Rich List 2010, China’s version of the Forbes 400. The number of Chinese billionaires is expected to increase 20 percent each year through 2014, according to Artprice.

To some extent, auction experts say, the Chinese regard art not only as a sound way to diversify their portfolios but also as a tested means to project status as they interact with international business executives — “the Arnaults and the Pinaults of the world,” said François Curiel, the president of Christie’s Asia, referring to the French billionaires Bernard Arnault and François Pinault.