Historically people collect for a variety of reasons ranging from curiosity and passion to financial gains and status achievement. While many of the collectors feel an emotional involvement with their oeuvres d’art some see them as disposable assets similar to financial investments or real estate. Nevertheless, collectors establish their authenticity by owning their art and generally aim that the whole becomes greater than the sum of the parts. They target increase of collection’s value over time, be it social and historical dimension or a financial one. The purpose of this work is to have a closer look into a diverse range of approaches to establishing a private collection, its objectives, conceptual framework and guiding principles with the aim to accomplish the value maximization goal. There is for sure no wrong or right way to approach the topic of private collecting as very often this crosses borders with highly emotional or intuitive space. Hence, this work will only explore the relevant issues to be considered when starting private collecting and will try to reveal and systemize the important factors, which served in the past the success of others in this field. Through examining collectors motivations and driving factors, the art market developments and its stakeholders’ behavior this work will try to establish some guidelines for navigating through an exiting experience of art collecting. The work is using materials written by private collectors, art advisers and other market practitioners as well as art market analyses data published in the public sources. Collection framework In their desire to assemble a collection that sets them apart collectors can use a number of approaches or methodologies to achieve... ... middle of paper ... ...en intuitive. Some of them look similar to a manual of a new business set up. No surprise. Collecting in fact is almost a professional activity run by a collector who in the analogy of the business world is an entrepreneur of its kind. Exactly as a successful entrepreneur a successful collector realized his or her vision, sets objectives, measures him against those objectives, determines a budget, develops special connections and relationships in the field, watches the market and the competition and goes through constant self-improving. Conclusion here is that if a potential collector is not ready to take over a load of secondary or sometimes even primary professional activity into his or her life, than it might be worth considering collecting twice or re-assess ones ambitions on building a proper art collection which will positively evolve in its value over time.
It doesn’t take long for most magicians to start collecting magic stuff. Of course most of them accumulate a bunch of props and effects they never use. Over the years they buy duplicates (either on purpose or by accident). When they have three of one thing, it’s a collection. Some people collect magic books and magazines, magic tapes and DVDs, or something more categorized like cups and balls or handcuffs or magician autographs.
But what is the real value of a copy? Is the statue on Riverside Drive worth more than the other representations that are exhibited in the Wallach Gallery? What brings the rotational photography to the initial work of art? Is something lost with the evolution of reproductive imagery, like the emotion of the instant, the spontaneity of the artist’s hand - the 'aura' of the original (as Walter Benjamin called it)?
With works in every known medium, from every part of the world, throughout all points in history, exploring the vast collection of the Museum of Modern Art was an overwhelming experience. The objects in the Department of European Sculpture and Decorative Arts are an important historical collection, reflecting the development of a number of art forms in Western Europe. The department's holdings covered sculpture in many sizes, woodwork and furniture, ceramics and glass, jewelry, and tapestries. The gallery attracted my appreciation of the realistic qualities of the human body often portrayed in sculpture.
He teaches his readers two valuable lessons that he learned through his experience of dumpster diving; take only what you can use, and the short existence of material things. I agree wholeheartedly with these two principles. Spiritual and mental things last for a much longer time than any knick knack ever can. And indeed it is easy to believe that an object holds a sentiment to us, think backwards to what that object first transformed from. A treasure chest, a block of wood, a log, a tree, a small seed. Look at that sentimental object for what it really is and it truly is nothing more than what we make out of it. Yet we still have the sentiments and memories that object supposedly holds. I too believe that there is no reason in holding onto things that we don’t need either. Eighner is trying to explain to us that we shouldn’t place our happiness in such things that clutter our lives and are really just
In addition to the notably simplistic design, the collection itself provides access to a remarkable breadth and depth of both classic and contempora...
According to Tocqueville in aristocratic times the purpose of creating the arts was to produce the best artwork spending a great amount of time on it perfecting it and selling it for a high price. However, in today’s society the way to get rich is to sell your artwork for a cheaper price by manufacturing more quantity but with cheaper materials less in value, reproducing the artwork quicker and cheaper. Today all ranks of people can afford to buy a replicated artwork, which can easily be mistaken for the real thing. They are so highly perfected it is hard to tell apart what is original and what is not. They are many artistes today however; the quality of the production has
Pickford, James. "Rich Collectors from China Switch Spending Power to Western Art." Financial Times. The Financial Times Ltd., 29 Nov. 2013. Web. 08 Dec. 2013.
In this article, David Grann examines the work of Peter Paul Biro in an art authentication in a delightful heading “The Mark of a Masterpiece” (Grann 1). Notably, Biro had a claim that he has innovatively designed a camera that is above any available camera. This brings to the understanding that this character is using his own professionalism and ideas to achieve what he wants to. As a fact, he scooped a dozen of fortune, including DARPA, NASA, several universities, and R. and D fortune from numerous departments of about five hundred technology companies all of which are from his own effort. Therefore, we can speculate that Grann was a genius who used the same gift towards his success. Moreover, at his thirty years, he smartly developed a suitable computer science that would process high definitive data. In fact, he had mastery of both DNA analysis, and fingerprint forensics alongside a comprehensive understanding of both art conservation and art history (Grann 2). With his professionalism, Grann contributed in the world of art. He once said everyone would only seek to see what he or she wants to see from portraits or painting; a view that is shared by other authors. Therefore, conclusively we can say that Biro’s ideology as described by the author; as a single genius compounds his human idiosyncrasy that is within his awareness and exploitation ability that is characteristic of the elites of the world of art. The artistic works are compounded in individual’s professionalism and understanding, which also determines their understanding and interpretation of such work and this, has been controversially demonstrated by different authors and moviemakers as they address same school.
Benjamin stressed the Marxist democratization of art through digital reproduction, a media which allows for de-emphasizing the original work of art. Throughout the history of arts, particularly visual arts, we have revered the individual paintings created by artists, locating them in exclusive galleries and museums which are subject to the tastes and privilege of the upper class philanthropic elite. The value of a work is based in part by which wealthy patrons have owned or commissioned it, and the history of a canvas often becomes more important than the actual formal representation on it.
To collect is to bring things together. However there is an art to collecting, as it is not simply just bringing miscellaneous things together. There is a common theme for the objects and together they serve as a special meaning to their collector. In both texts “The Museum and the Public” by Stephen Weil and Walter Benjamin “Unpacking My Library” by Walter Benjamin, and in the film “Mardi Gras: Made in China”, the purpose of collecting is to tell a story and to showcase the significance of the objects in the collection.
In the article “Conditions of Trade,” 1 Michael Baxandall explains that fifteenth-century Italian art is a “deposit” resulting from the commercial interaction between the artist and the purchaser, who he refers to as a client. These works, as such, are “fossils of economic life,” as money, he states, plays an important role in the history of art. In contrast to our current perceptions of the relationship between the artist and art, “in which painters paint what they think best, and then look around for a buyer” the author examines how the content and form of these paintings were, determined by the customers. He states that the artists and clients were interconnected as specified in the legal agreements of subject matter, payment scheme and the quality and quantity of colours, through the conditions of the artist’s painting style. He not only looks at the explanation of the style of painting that reflected a society, but also engages in the visual skills and habits that develop out of daily life. The author examines the situations between the painter and client within the commercial, religious, perceptual, and social institutions, centrally focusing on markets, material visual practices, and the concept of the Renaissance period overlooking art as an institution. Baxandall observes Renaissance paintings also relate to the clients’ motives through such ways as possession, self-commemoration, civic consciousness, and self-advertisement. The author considers discussions of a wide variety of artistic painters, for instance, Filippo Lippi, Fra Angelico, Stefano di Giovanni, Sandro Botticelli, Luca Signorelli, and numerous others. He defines and exemplifies fifteenth century art through the concepts used by contemporary critics of th...
...troversy as all countries have lost, to a great or lesser extent, treasures of national renown and significance over time. Wars, theft, treasure seeking, changing boundaries and migration have all in some way contributed to this diaspora of art. There is clear evidence that the historic placing of objects in locations remote from their origin has on occasion afforded protection and preservation, The Elgin Marbles in The British Museum being a case in point. However, given the overarching principle of self determination it is difficult to argue that serendipitous historic placement is sufficient reason for items of true national heritage to be kept indefinitely. A world-wide system of touring exhibitions and cultural exchange, with context being provided by the originating society may provide the natural progression to the accessible widening of people’s experiences.
In the article “Conditions of Trade,” Michael Baxandall explains that fifteenth-century Italian art is a “deposit” resulting from the commercial interaction between the artist and the purchaser, who he refers to as a client. These works, as such, are “fossils of economic life,” and money, and they play an important role in the history of art. In our current perception of the relationship between the artist and art, “painters paint what they think is best, and then look around for a buyer” . However in the past, especially during the Renaissance period, the customers determined the content and form of paintings, as it was them who commissioned the work before it was created. He states that the artists and clients were interconnected and a legal agreement was drawn up specifying subject matter, payment scheme and the quality and quantity of colors, which would influence the artist’s painting style. Baxandall not only looks at the explanation of the style of painting that reflects a society, but also engages in the visual skills and habits that develop out of daily life. The author examines the situations between the painter and client within the commercial, religious, perceptual, and social institutions, centrally focusing on markets, materials, visual practices, and the concept of the Renaissance period, which saw art as an institution. Baxandall notes that Renaissance paintings also relate to the clients’ motives through such ways as possession, self-commemoration, civic consciousness, and self-advertisement. The author considers works of a wide variety of artistic painters, for instance, Filippo Lippi, Fra Angelico, Stefano di Giovanni, Sandro Botticelli, Luca Signorelli, and numerous others. He defines and exemplifies fiftee...
Unlike any other markets, the art market is extremely diverse and opaque. In most cases, buyers tend to hide themselves behind the curtains (especially during important auction events or art fairs), which make it hard to get access to the accurate information (art pieces ownerships, collection ownerships and price history). As a result, the more information you have from the inside market, the more chances you gain art bus...
The subject of art conservation and restoration has long been debated in the art world. Experts and historians have never agreed that all art must be salvaged at any cost. This paper will examine what art conservation and restoration is, what is involved in these endeavors, and what has been done over the centuries to many of history’s cherished art pieces.