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jerryking : artwork   13

Modern African Art Is Being Gentrified
MAY 20, 2017 | The New York Times | By CHIKA OKEKE-AGULU.

.Sotheby’s held its first auction of modern and contemporary African art on Tuesday, where 83 pieces by artists from Cameroon to South Africa sold for a total of nearly $4 million.....The sale at Sotheby’s, the granddaddy of auctioneers, most likely signals the beginning of a more serious interest from Western museums, which may finally start to consider such work worthy of inclusion in their permanent collections........Now that it is seen as high culture, the art and artists are gaining value, investors are jostling to get a piece of the action, and private collections are growing in Africa and around the world.....African contemporary artists have also moved beyond nationalism and are more likely to sound off about globalization and complex identities. But the continent’s masses will be the biggest losers. ...That’s because whole countries in Africa cannot boast of a single art museum of any renown......During the colonial era, bands of looters — missionaries, scholars, security forces and fortune hunters — fanned out across the continent and, by force or guile, carted away vast quantities of Africa’s artistic heritage. Many of these masterpieces of ancient and traditional African sculpture now reside in major private and public collections in the West, with little chance of ever returning to Africa......We cannot let this history repeat itself. But what is to be done?

African collectors and those based in Africa must participate in this market, for it is more likely that their collections will stay on the continent......As Africa overcomes years of dictatorships and civil wars, its fledgling democracies have seen the rise of a wealthy, cosmopolitan class interested in supporting art and culture........The spread of private collections is, however, not the long-term goal. Rather, it is a step toward a future in which well-run public collections are supported by governmental and nongovernmental institutions.....and thus serve the greater cultural good........Even so, Africa cannot solely rely on the good will of individual collectors. State agencies and municipal governments must foster a richer cultural experience for their citizenry. And they can do this by building and maintaining museums in major cities. The usual practice of treating art and culture as a superfluous aspect of the human experience undeserving of public support is not tenable.

If museums exist and are run well, the art will come.
Sotheby's  Africa  museums  collectors  collectibles  human_experience  patrons  art  artists  artwork  auctions  contemporary_art  gentrification 
may 2017 by jerryking
How to Buy Art: A Beginner’s Cheat Sheet - NYTimes.com
MAY 7, 2015 | NYT| By WILLIAM GRIMES and ROBIN POGREBIN.

EDUCATE YOUR EYE Go see as much as you can — at galleries, museums and art fairs and by trolling online. The more art you see, the more you will develop clear judgment. Knowledge can help put things in context, but expertise isn’t a prerequisite. Marc Glimcher, president of Pace Gallery, says: “Go to a museum first and see what speaks to you. Identify which thread of art history is meaningful to you before heading to the galleries or the auction.”

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THE LONG VIEW Budding collectors shouldn’t just buy what initially captivates them. “Ask yourself how something might look when you know more, how something might look over time,” said Amy Cappellazzo, co-founder of Art Agency, Partners, an art advisory firm. “The best thing to do is put yourself in a position where the first purchase actually challenges you a little — you’re not sure you like something, but you can’t stop looking at it. Imagine your smarter self looking at it in five years.”
auctions  art  artwork  art_galleries  museums  howto  self-education  judgment  Colleges_&_Universities  art_schools  students  contextual  long-term  collectors  collectibles  investing  investment_advice  pitfalls  mistakes 
may 2015 by jerryking
With Misattributed Constable Masterpiece, a Rare Look Into the Imprecise World of Art Identification - NYTimes.com
By LORNE MANLY MARCH 7, 2015

At a time when the attribution of paintings can be so litigious that many experts have retreated from the field, the startling reassessment of the “Cathedral,“ and its sudden explosion in value, provides a rare window into the often imprecise, and debate-riddled, field of identifying the authorship of artworks.

The Metropolitan Museum of Art has twice changed its mind in the past four decades over whether its portrait of Philip the IV is a masterpiece by Velázquez (the current view), or a fine painting by an also-ran. Sotheby’s was sued after it sold what it had determined to be a copy of Caravaggio’s “The Cardsharps” for £42,000 (about $83,000) in 2006, only to have a scholar later declare it was actually by the master himself.

This time it is Christie’s that is facing questioning over whether it bungled the attribution of a painting. “We understand that there is no clear consensus of expertise on the new attribution,” the company said in a statement.
art  artwork  art_history  art_appraisals  art_authentication  auctions  imprecision  painters  paintings  provenance  Sotheby's 
march 2015 by jerryking
Look beyond the obvious to understand an artwork
Sir, Gillian Tett (" The lost art of finance ", March 15) rightly argues that a more creative approach to finance would be beneficial and that art can be a useful means of gaining a fresh perspective....
finance  Wall_Street  art  museums  fresh_eyes  letters_to_the_editor  artists  artwork  art_galleries  Gillian_Tett  perspectives  paintings  interpretation  latent  art_appreciation 
may 2014 by jerryking
Eli Broad's Entrepreneurial Approach to Philanthropy
September 13, 2013 | WSJ | By ALEXANDRA WOLFE.

Eli Broad's Entrepreneurial Approach to Philanthropy
Billionaire philanthropist Eli Broad on art, education and revitalizing Los Angeles....Mr. Broad describes his approach to philanthropy as entrepreneurial. Mostly, he says, "what I do is I bet on people." Mr. Broad himself spends most of his time identifying effective leaders—and then he invests in them and their ideas. He also spends millions of dollars each year coming up with metrics to reveal hard data about performance, and only continues funding a school or institution if it is showing signs of improvement....
...Eli Broad enjoys artists' thoughts on "the human condition." He talks to them about social and global issues, from the disappearance of the middle class to the crisis in Syria. The gap between the rich and poor bothers Mr. Broad, he says, and has been an impetus for his philanthropy. "Artists see the world differently than us businesspeople," he says. "If I spent all my time with bankers, lawyers and businesspeople, it would be kind of boring."
moguls  entrepreneur  Eli_Broad  Los_Angeles  philanthropy  benefactors  school_districts  achievement_gaps  metrics  museums  collectors  art  artists  artwork  art_galleries  patronage  the_human_condition 
september 2013 by jerryking
Three Mistakes Novice Art Investors Fall Prey To - WSJ.com
February 25, 2013 | WSJ | By DANIEL GRANT.

(1) Buying what's in vogue.
(2) Shooting for the quick profit.
(3) Going it alone.

As art investing has gotten more popular, advisers have sprung up to offer guidance to would-be collectors, weighing the relative quality and importance of an artwork, researching provenance and sales history, and appraising current value.

Advisers, for instance, can help steer you away from second-rate pieces.
collectibles  collectors  art  art_advisory  investing  investment_advice  pitfalls  mistakes  artwork  provenance  second-rate  art_appraisals 
february 2013 by jerryking
Suddenly, the World is Their Market - Slide Show - NYTimes.com
The Web has changed the way that artisans sell their wares,
helping to overcome marketing and distribution hurdles. On Web sites
like Etsy, DaWanda, 1000 Markets, ArtFire and Silkfair, people all over
the world can see — and buy — handmade jewelry, clothing, artwork,
ceramics and furniture. And many artisans aren't stopping there. They're
creating their own Web sites and social networking accounts, too.
Etsy  artisan_hobbies_&_crafts  handmade  websites  jewelers  clothing  artwork  ceramics  furniture 
august 2010 by jerryking

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