Jan 13, 2020
Put simply, the new technology of blockchain is creating the mechanism for fractionalizing ownership in high-value illiquid assets like fine art so that everyday investors can buy into these alternative asset classes and instantaneously trade their tokens.
Read Full Opinion Piece via International Business Times
Jan 13, 2020
It’s true that you can net serious returns by investing in prized artwork. However, investing in art has its share of risks and drawbacks.
Read Full Article via Forbes
Jan 09, 2020
Adding art to your interior can be an excellent way to elevate the feel of a room. Depending on which piece you display, you can change the character of a space and create an aesthetic that is uniquely yours.
Now, the location and context of your art can play a huge role in how it affects any given room. Featuring insights from The Clarion List.
Read Full Article via Redfin
Dec 12, 2019
By: Jeff Minett, Senior Vice President, Huntington T. Block, a division of Aon
Collecting art is arguably an art in and of itself – one that can be challenging for dealers, appraisers and others in the industry who carefully monitor trends, economic indicators, media, fashion, style and politics. We have seen a significant shift in what collectors find desirable. Tastes change. Influencers are abundant.
By many, art is considered a smart investment, similar to real estate. Values tend to appreciate over time. When the economy is robust, the competition to obtain a desirable artwork is sometimes fierce as we have seen play out in exciting public auctions and sales records report ...
Nov 19, 2019
Billed as the next big thing, schemes to sell shares in works of art have yet to excite the market. The Art Newspaper investigates where this trend is now.
Read Full Article via The Art Newspaper
Sep 30, 2019
By: Adrienne Reid, Vice President at Huntington T. Block Insurance Agency, Inc., a division of Aon
Making your first art purchase is an exciting moment. You may not even have realized that it was your personal starting point of a lifelong love of collecting. Each new purchase brings life to your collection and continues to shape your vision. And before you know it, you have an art collection. However, new collectors, by virtue of being new, are prone to making mistakes when they first start out, especially if they aren’t knowledgeable about the process.
Here are seven common mistakes new collectors make – that are easy to avoid – if you know what to ...
Sep 30, 2019
The art industry is at a crossroads. Never before have more people been engaged with art, thanks to the rise of digital channels and social media. Yet the market has largely stagnated over the past decade, and the number of artworks trading hands has decreased. As value has concentrated at the top of the market and costs have risen, galleries and auction houses are looking for new ways to ensure their businesses survive and thrive, to support artists, and to help connect collectors with artworks they love.
Read full article via Artsy
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 ...
Nov 23, 2015
Looking for an alternative form of investment? Fine art can bring great rewards, but you need to do your homework and seek advice. When Grace Cossington Smith's modernist painting The Window sold for double its pre-sale estimate at a Sotheby's Australia auction in November 2014, the local art world was aghast.
Oct 29, 2015
Since the dawn of the web, companies have tried - and mostly failed - to sell fine art online. In 1999, for example, eBay bought Butterfield & Butterfield, one of the largest traditional auction houses, for $260 million, promising to use technology to bring fine art to the masses.