News Articles Library Event Photos Contact Search


Displaying items by tag: Collectors

New industry figures have revealed that the international art market has grown by 17% to $7 billion in the first six months of 2014. The French company Artprice stated that art sold at the major auction houses have totalled $7.15 billion ($5.22 billion euros). This has increased from the $6.11 billion figures crunched in the first half of 2013.

Thierry Ehrmann, from Artprice stated, "We have gone from 500,000 collectors in the post-war period to nearly 70 million 'art consumers' art lovers and collectors -- worldwide," he added; 2013 was a record year for art with sales worth $12.17 billion following a drop in 2012 linked to a contraction in the Chinese market. Ehrmann said museums and art centres, both public and private, were springing up all over the world, in particular in the Asia Pacific region and to a lesser extent in South America and the Middle East.

Published in News

Art Basel Asia Director Magnus Renfrew will join Bonhams as deputy chairman Asia and director of Fine Arts in September, he said by telephone today.

“This is a very exciting time to be involved in the Asian art market and building up an Asian collector base,” said Renfrew, 38, who will be responsible for boosting Bonhams’ classical, modern and contemporary Asian art offerings.

Renfrew oversaw Art Basel’s Hong Kong fairs in 2013 and 2014. The company, which runs international art fairs in Basel, Miami and Hong Kong, said it has not appointed his successor in an e-mail response.

Published in News

New York City will welcome nearly 30 of the world’s leading dealers in Master Drawings from January 24th through January 31st when the ninth edition of Master Drawings New York hosts themed exhibitions in more than two dozen Upper East Side galleries between East 63rd and 93rd Streets.

Founded in 2006 as a way to draw upon and buttress the presence of collectors and museum officials during the important January art-buying events, including the Old Master auctions and The Winter Antiques Show, Master Drawings New York has become an important part of the winter art scene in its own right, attracting the most influential dealers not only in New York but in England, France, Italy, Germany and Spain.

Published in News

Records tumbled this season in the highest-grossing flagship summer auctions that Sotheby’s London has ever seen. Together, sales in the four key categories of Old Masters, Impressionist & Modern, Contemporary Art and ‘Treasures’ totalled a record £360 million - with top estimates repeatedly smashed and record numbers of participants engaging in the sales.

The strong results were fuelled by a burgeoning interest from collectors from the new markets - many of whom are making their presence ever more strongly felt in Sotheby’s London salerooms, their interest constantly expanding into an ever broader range of fields.

Published in News

Strict new regulations regarding the Endangered Species Act could freeze up the market for antique items containing ivory and other endangered species materials. The ban has been particularly detrimental to collectors, dealers, museums, and musicians -- all of whom often deal with objects containing ivory and other rare materials. While the goal of the ban is to stop the poaching of elephants and rhinoceros for purposes of illicit trade, a considerable number of law-abiding American are being punished in the process.

Last week Representative Steven Daines of Montana and Senator Lamar Alexander of Tennessee introduced bills H.R. 5052 and S. 2587 in an effort to reverse the recent changes to the Endangered Species Act. Representative Daines and Senator Alexander are confident that a more effective legislative response can be crafted. While the goal of eliminating poaching is laudable, punishing antique professionals and enthusiasts is disastrous.

It is crucial that you support the bills introduced by Representative Daines and Senator Alexander. Please follow the links to contact your state’s Senators and Representatives.

Senators: http://www.senate.gov/general/contact_information/senators_cfm.cfm

Representatives: http://www.house.gov/representatives/

Published in News

German art consultant Helge Achenbach has been arrested after allegations of fraud. The 62-year-old is considered one of Germany’s most influential art consultants, entertaining long-term business relationships with some the country’s wealthiest collectors. According to the state attorney of the city of Essen, Achenbach has been accused of overpricing art and vintage cars he procured for investors. German newspapers Bild and Die Welt have reported that fraud allegations were made by the heirs of Berthold Albrecht, one of the founders of the German discount supermarket chain Aldi, who was one of Achenbach’s most important clients until his death in 2012.

Published in News

In a world of technology that grows at break-neck speed, our everyday life is constantly being altered. Everything from phones and cameras to sneakers, watches, air conditioners and even dog collars are “smarter” than us. As an art appraiser, my clients are prominent art collectors – predominantly high-net worth, sophisticated and tech-savvy. As such, they are often the first to try out the latest technological marvel. Except, as it turns out, when it comes to their art collection.

Considering that every week there is inevitably at least one news story relating to a high-value artwork theft, damage, fraud or authentication scandal, there is certainly a need for technologies to prevent such calamities. Those are only the stories that make the news, usually high profile works of art worth tens and even hundreds of millions dollars. As an appraiser, I am frequently called by clients who have had a theft, or even simply misplaced art, silver and decorative objects. The values are not comparatively impressive, but still worth a considerable investment in preventative technology.

Published in News
Monday, 16 June 2014 16:02

Design Miami/Basel Opens in Switzerland

Design Miami/Basel, a global forum focused on collectible design, offered select guests a sneak peek of its offerings during a VIP preview on Monday, June 16. The event, which takes place alongside Art Basel in Switzerland, is open to the public from Tuesday, June 17 through Sunday, June 22.

Bringing together collectors, gallerists, designers, and curators, Design Miami/Basel celebrates design culture and commerce through museum-quality exhibitions, educational lectures, and commissions from the world’s top emerging and established designers and architects. The marketplace portion of the fair features celebrated design galleries from around the world exhibiting furniture, lighting, and objets d’art. Offerings range from 18th- and 19th-century antiques to early Modernist objects and contemporary design.

Published in News

A handful of art collectors who have donated to the Museum of Contemporary Art in North Miami are seeking to clear up any confusion: They say they gave their art to the museum, not the city.

In a motion filed late Tuesday in the museum board’s lawsuit against the city, the collectors sought to explain the “intent behind their donations, which was always to donate to MOCA, the 501 (c)(3), and not to the city.”

Published in News

This past November, Francis Bacon’s triptych portrait Three Studies of Lucian Freud (1969) sold for $142.4 million at Christie’s, setting an artist’s record and becoming the most expensive work ever sold at auction. Less than a month later, the massive contemporary masterpiece turned up on loan, not at a modern-day art mecca like New York’s Museum of Modern Art (as Edvard Munch’s The Scream did), but on the opposite end of the US, at the Portland Art Museum in Oregon. The painting, which remained on view there through early April, was loaned by its new owner Elaine Wynn, ex-wife of casino mogul and top collector Steve Wynn. Mrs. Wynn, a resident of Nevada, was reportedly entitled to save more than $10 million in taxes by first parking the painting at the Portland Art Museum before bringing it to her home state.

Published in News
Page 6 of 12
Events