Jan 16, 2018
By Peter Falk, Co-Founder and Head of Research for Private Art Transaction Alliance, LLC in New York
For most of the 20th century transactions in the art market were largely under the control of brick-and-mortar art galleries and the major auction houses. Galleries sold privately at what were considered to be retail prices — this defines the primary market. They nurtured artist’s careers and established value benchmarks. As time passed, the auction houses fed off the galleries’ consistent promotional efforts and sold works publicly at what were often by comparison, wholesale prices, and this defines the re-sale or secondary market. But, by 1990 auction price results had be ...
Jan 16, 2018
Plus Tips for Investing in Art That Needs (or May Soon Need) Conservation
Art conservation--generally the purview of trade publications--became major news this fall with the case of Leonardo da Vinci’s Salvator Mundi (Savior of the World). The painting, which sold at Christie’s Post-War and Contemporary Art Evening Sale this past November, realized a price of over $450 million. Yet, it also attracted much attention for the dramatic lengths that conservators had gone to alter the surface. Publications from The Daily Mail to New York Magazine discussed the intensive alterations that a world-class team had made to the warped and scratched original. da Vinci made the painting around ...
Jan 11, 2018
by Daria Pletneva, Creative Director at ARTI.NYC
It can often be a lengthy process to source a single work of art for a single empty wall. Sourcing art works in bulk for a commercial space can therefore seem to be an almost insurmountable, difficult task for some interior designers, architects and even new art consultants. However, with careful planning, one can create a cohesive, enjoyable art plan for a large spaces. The following article presents my advice for sourcing and installing 20+ artworks for large projects like townhomes, commercial buildings, hotel chains, restaurants, and even airports.
Plan and Discuss
This step is as evident as it is crucial and underestimated. In building ...