COLLECTING CONTEMPORARY ART FUNDING
From economic downturns to influential trend-setters, this addition to the Art Radar ‘Lists’ series takes a look at five of our best posts on art collecting in the corporate world. Five riveting reads are but a click away.
How Saatchi and his YBAs influenced leading Asian artists – The Observer
This post explores the impact of the Saatchi “brand” on works of various leading Asian contemporary artists such as Takashi Murakami, Ai Weiwei and Subodh Gupta. A link directs the reader to an Observer article in which Ben Lewis insightfully reviews the book The History of the Saatchi Gallery. Lewis uses the review to outline the man, Charles Saatchi, and his curatorial and marketing genius, evident in his successful promotion of the YBAs (Young British Artists), YSA’s (Young Sculpture Artists) and YAA’s (Young American Artists). Can Saatchi’s influence continue in the age of social networking, where curatorial diligence and intellectual rigour, rather than marketing fanfare, are expected of the best exhibitions?
Fine art funds trends today – ArtInsight panel talk summary
A post that provides a keen overview of key market trends and growing art fund markets, why they succeed or fail, how best to structure art as an investment option and how market participants successfully collaborate. Panellists include Charlotte Cooper, Investor Relations and Head of Operations at The Fine Art Fund Group, a hugely successful company due to its ability to marry both finance and an artistic skill-set, Melanie Cassoff, Director/Relationship Manager of Deutsche Bank Private Wealth Management, who explains how art forms a key part of the Deutsche Bank identity, and John Langan, a partner at Withers LLP, who points out that the best structures for art funds are limited partnerships lasting eight to ten years.
Why do banks buy art and will they continue to? BBC podcast
This post highlights the reasons behind corporate and bank art collections – display, investment, image management and employee satisfaction – and questions whether such a level of collection will continue, following the global financial crisis of 2009, something which is still highly topical given the current market uncertainties. Deutsche Bank and RBS art collections and art event sponsorship are compared.
New art fund gives money to galleries in ground breaking business model – Saatchi online
An overview of the Art Bridge Finance Group, set up by an ex-Morgan Stanley financial analyst to invest in cutting edge, young galleries by providing financing to purchase art or fund specific projects. The company aims to increase the leverage these galleries have against multinational mega-galleries that typically attempt to poach the rising stars cultivated by their smaller competitors.
Global downturn will not affect art market says Hoffman, The Fine Art Fund – Business Standard
Art is the most speculative investment in the world, so what is it that makes The Fine Art Fund so successful? Founder Philip Hoffman talks to media at the August 2008 India Art Summit about the factors for their success, why he believes only the very wealthy should be investing in art and what makes the art world go around. An older article, but one still worth clicking through to gain some insight into the reasons behind Hoffman’s bullish views.
Want to have a browse through our archives yourself? Click here to take a look at what else we have written on global and Asian art markets.
- 3 art innovators share intriguing business models at first ArtInsight seminar – February 2011 – Sigrid Wilkinson, Julie Lomax and Joe La Placa share advice
- Groundbreaking art from East or West? Top art professionals debate at Saatchi– December 2010 – each expert is given eight minutes to put forth their opinion
- Globalisation of contemporary art market evident in growth of art fairs – The Economist – August 2010 – how art fairs accelerate the transnational exposure of artists
- Review round up – Saatchi Middle East show Unveiled – which artists are critic favourites? – February 2009 – see what the critics liked and disliked
- India has the most speculative art market in the world says Philip Hoffman, The Fine Art Fund – Business Standard – September 2008 – a plethora of art funds, what are the pros and cons?
Subscribe to Art Radar for more on Asian and global art market trends