Accrediting Private Collections to Serve the Public Interest in Art
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The Controversial Treatments of the Wallace Collection
HOME ABOUT US THE JOURNAL MEMBERSHIP ARCHIVE LINKS 8 September 2011 The Controversial Treatments of the Wallace Collection Watteaus Restorers who blunder often present their dramatically altered works as miraculous “recoveries” or “discoveries”. Sometimes they (or their curators) park their handiwork in dark corners pending re-restorations (see the Phillips Collection restoration of Renoir’s “The Luncheon of the Boating Party” and the Louvre’s multi- restoration of Veronese’s “The Pilgrims of Emmaüs”). Here, Dr Selby Whittingham, the Secretary-General of the Watteau Society (and the 2011 winner of ArtWatch International’s Frank Mason Prize – see below), discusses the controversial restorations of Watteau paintings at the Wallace Collection and calls for greater transparency and accountability in the treatment of old masters. Above, Fig. 1: “Les charmes de la vie”, (reversed) engraving by Pierre Aveline, after Antoine Watteau, the British Museum, London. Selby Whittingham writes: The Watteau exhibitions held in London 12 March – 5 June 2011 prompted much comment, but little about the condition of the oils at the Wallace Collection [- see endnote 1]. Exceptionally Brian Sewell mentioned their poor state: “both overcleaned and undercleaned, victims of cleaners with Brillo pads and restorers with a taste for gravy.” [2] This was a bit sweeping, but had some justification. In the Watteau Society Bulletin 1985 Sarah Walden contrasted the recent restorations at the Wallace Collection with those at the Louvre and the Above, Fig. 2: Watteau’s “Les charmes de la vie” as reproduced in the Wallace Collection’s 1960 volume of different philosophies behind them [3]. The report illustrations of pictures and drawings to accompany the on the cleaning of “Les Charmes de la vie” at the Catalogue of Pictures and Drawings. -
Annual Art Investment Report Part 2
Transparency for the Global Art Market Since 2004 2012 ANNUAL ART INVESTMENT REPORT PaRT 2 155 East 56th Street, 4th floor, New York, NY 10022 USA +1.212.514.6010 WWW.SKATEPRESS.COM Introduction 3 Executive Summary 5 Key Art Industry Statistics Based on Skate’s Art Industry Scorecard 7 Exhibit 1: Businesses in the Art Industry 7 Exhibit 2: Skate’s Top 10 Art Industry Companies 8 Auction House Business as a Leading Art Industry Activity 8 Art Dealers (Galleries) Make Up 18% of Art Industry 9 Exhibit 3: Top 20 Art Dealers (Galleries) 11 Mushrooming Art Fairs: Opportunity or Threat? 11 ANNUAL ART Exhibit 4: Top 30 Art Fairs Worldwide 13 Online Art Trading as the Fastest Growing Art Industry Business 14 Exhibit 5: E-commerce Companies in Skate’s INVESTMENT Art Industry Scorecard 14 Exhibit 6: Top 10 E-Commerce Companies by Distribution Power 15 Exhibit 7: Top 10 E-Commerce Companies REPORT by Artistic Merit 16 Exhibit 8: Online Business Practice Penetration in Art Industry Space 18 STATE OF THE GLOBAL ART INDUSTRY Information as Art Industry Currency 18 PART 2 Art and Finance: Solid Art Industry Collaboration Explored in Three Ways: Art Investment Funds, Art Lending and Art Banking 20 New Influx of Art Investment Funds Expected 20 Art Lending Activity Among Fastest Growing Businesses 21 Art Banking: From Biggest Corporate Collections to Financial Services in Art 22 Exhibit 9: Top 10 Banks Involved in the Art Industry 24 Publicly Traded Companies in the Art Industry 24 Exhibit 10: Listed (Investable) Universe of the Global Art Industry 25 Exhibit 11: Skate’s Art Stock Index (Public Companies in the Global Art Industry) 27 Exhibit 12: Skate’s Art Stocks Index Performance 28 Exhibit 13: Skate’s Art Stocks Index vs. -
MUSEUM ART Spring Issue 2018
& MUSEUM ART Spring Issue 2018 ICE AGE ART: AN NATIONAL GALLERY EXTRAORDINARY OF IRELAND LEGACY EMIL NOLDE EXHIBITION CONTENTS 12 ANGELA ROSENGART 14 Interview with Madam Rosengarth about the Rosengarth Museum IVOR DAVIES Inner Voice of the Art World 04 18 NATIONAL GALLERY OF IRELAND SCULPTOR DAWN ROWLAND Sean Rainbird CEO & Editor Director National Gallery of Ireland Siruli Studio WELCOME Interviewed by Pandora Mather-Lees Interview with Derek Culley COVER IMAGE Emil Nolde (1867-1956) Self-portrait, 1917 ART & MUSEUM Magazine and will also appear at many of Selbstbild, 1917 Oil on plywood, 83.5 x 65 cm MAGAZINE the largest finance, banking and Family © Nolde Stiftung Seebüll Office Events around the World. Welcome to Art & Museum Magazine. This Media Kit. - www.ourmediakit.co.uk publication is a supplement for Family Office Magazine, the only publication in the world We recently formed several strategic dedicated to the Family Office space. We have partnerships with organisations including a readership of over 46,000 comprising of some The British Art Fair and Russian Art of the wealthiest people in the world and their Week. Prior to this we have attended and advisors. Many have a keen interest in the arts, covered many other international art fairs some are connoisseurs and other are investors. and exhibitions for our other publications. Many people do not understand the role of We are very receptive to new ideas for a Family Office. This is traditionally a private stories and editorials. We understand wealth management office that handles the that one person’s art is another person’s investments, governance and legal regulation poison, and this is one of the many ideas for a wealthy family, typically those with over we will explore in the upcoming issues of £100m + in assets. -
When Financial Products Shape Cultural Content Report: the Ethics
Subject: Art Market Project: Report Date: July 2018 When Financial Products Shape Cultural Content (Title) Report: The Ethics of the Art Market (Document Type) Sébastien Montabonel & Diana Vives (Author / Co-written by) Published by Art Institutions of the 21st Century for Alaska Editions THE ETHICS OF THE ART MARKET: JULY 2018 WHEN FINANCIAL PRODUCTS SHAPE CULTURAL CONTENT 02 03 Foreword 06 CONTENTS Introduction 10 I. Primary and Secondary Markets 14 II. Value, Price and Brand 22 III. The Squeezed Middle 30 IV. From Cultural Artefacts to Financial Products 38 Conclusion 50 The Foundation 56 Trustees and Advisory Board 58 04 05 There seem to be a lot of myths around the modern art market, FOREWORD which is understandable, as we are historically inclined to seek, and at times to invent, explanations of powerful phenomena. Interestingly, though the reports and articles are well-crafted and researched, many are penned by writers who haven’t set foot at senior management level, or as participants with skin in the game. The narrative is often spun from someone relating what they heard that someone else thought about what someone else knew from a sure source. It makes for good fiction and the sheer volume of it drowns out the real questions and astute backstage glimpses. So, we keep reading the most incredible stories about the global reach, financial muscle and many intrigues of a world that evolved over a few decades from an insular, relationship-based and largely unregulated cultural domain, to a fast-moving global industry. This content has been widely distributed and shapes our understanding and beliefs about the art market. -
Elhanan Bicknell - Collection of Paintings
Elhanan Bicknell - Collection of paintings. Detail of those by JMW Turner Index Himalayan mountains ....................................................................................................2 Himalayan mountains ....................................................................................................3 Giudecca, la Donna della Salute and San Georgio ........................................................4 Campo Santo, Venice.....................................................................................................5 Palestrina – a Composition ............................................................................................6 Sun rising through Vapour.............................................................................................7 Calder Bridge.................................................................................................................8 Ivy Bridge Mill ..............................................................................................................9 Port Ruysdael...............................................................................................................10 Wreckers - Coast of Northumberland,.........................................................................11 Ehrenbreitstein:............................................................................................................12 Helvoetsluys: ‘The City of Utrecht’, 64, going to sea .................................................14 Antwerp: Van Goyen Looking for a Subject -
Constructing Hedonic Art Price Indexes for the Polish Painting Market
E AESTIMATIO, THE IEB INTERNATIONAL JOURNAL OF FINANCE , 2015. : 110-133 DOI:10.5605/IEB.10.5 L 10 C © 2015 AESTIMATIO , THE IEB INTERNATIONAL JOURNAL OF FINANCE I T R A H C R Constructing hedonic art price A E S E indexes for the Polish painting market. R Using direct and indirect approaches Witkowska, Dorota Kompa, Krzysztof ̈ RECEIVED : 3 AUGUST 2014 ̈ ACCEPTED : 17 NOVEMBER 2014 Abstract Artworks can be considered either as an aesthetic attraction or as an investment opportunity. Investing in art has been treated as an alternative investment asset used to diversify the portfolio or as collateral, especially during times of uncertainty in financial markets. It should, however, be noted that certain specific features of artworks mean that investment in art cannot be compared to investment in conventional assets. In order to decide whether art is a good investment, it is necessary to estimate the expected returns that might be generated by such an investment. This requires the development of an art price index. The aim of this paper is to examine artworks as investment assets and to construct a price index of paintings made up of 17 Polish artists whose artworks were most often traded at auctions held in Poland between 2007 and 2013. In our research, we employ data on 1710 objects and apply the hedonic index methodology to estimate returns from the paintings market. Keywords: Art market, Hedonic price index, Investment, Alternative investment asset, Financial markets. JEL classification: Z11, C43, C51, G11 Witkowska, D. Department of Finance and Strategic Management, University of Lodz, 22/25 Matejki St., 90-237 Lodz, Poland. -
Colnaghistudiesjournal Journal-01
EDITORIAL COMMITTEE Charles Avery Art Historian specializing in European Xavier F. Salomon Peter Jay Sharp Chief Curator, The Frick Sculpture, particularly Italian, French and English. Collection, New York. Colin Bailey Director, Morgan Library and Museum, New York. Salvador Salort-Pons Director, President & CEO, Detroit Francesca Baldassari Art Historian. Institute of Arts. Piers Baker-Bates Visiting Research Associate in Art History, Jack Soultanian Conservator, The Metropolitan Museum of Colnaghi Studies Journal is produced biannually by the Colnaghi Foundation. Its purpose is Art, New York. The Open University. to publish texts on significant pre-twentieth-century artworks in the European tradition Bruce Boucher Director, Sir John Soane’s Museum, London. Nicola Spinosa Former Director of Museo di Capodimonte, Naples. that have recently come to light or about which new research is underway, as well as Till-Holger Borchert Director, Musea Brugge. Carl Strehlke Adjunct Emeritus, Philadelphia Museum of Art. on the history of their collection. Texts about artworks should place them within the Antonia Boström Keeper of Sculpture, Metalwork, Ceramics Holly Trusted Senior Curator of Sculpture, Victoria & Albert broader context of the artist’s oeuvre, provide visual analysis and comparative images. & Glass, Victoria & Albert Museum, London. Museum, London. Edgar Peters Bowron Former Audrey Jones Beck Curator of Manuscripts may be sent at any time and will be reviewed by members of the journal’s Benjamin van Beneden Director, Rubenshuis, Antwerp. European Art, The Museum of Fine Arts, Houston. Editorial Committee, composed of specialists on painting, sculpture, architecture, Mark Westgarth Programme Director and Lecturer in Art History Xavier Bray Director, The Wallace Collection, London. -
United Kingdom
UNITED KINGDOM ART MARKET EXPERT GUIDE HOW TO RESPOND TO THE COVID-19 CRISIS? 9th JULY 2020 ART MARKET EXPERT GUIDE / COVID-19 Crisis ART MARKET EXPERT GUIDE / COVID-19 Crisis INTRODUCTION CONTENTS Introduction 2 Disclaimer 4 Legal 6 • Tenancy, rent and business rates 6 The impact of the rapid spread of the COVID-19 virus is already being severely felt by • Force Majeure 8 the art world, as social distancing measures are forcing gallery and exhibition spaces to • Frustration 10 close, and art fairs and auctions to be postponed or go online. The long-term impact of • Raising cash against stock when cash is in short supply 12 the current crisis is still too early to tell, but at the moment, surviving in the short-term is • Price renegotiation 16 what really matters. • Shipper - insolvency 18 • Shipping 20 • Selling online 22 This is a ‘live’ document, and will be regularly updated with new contributions and prac- • Non-Payment 24 tical advice from tax, finance, legal, insurance and other experts on how to best tackle • Loan 26 the short-term and medium-term challenges in the UK art market during the COVID-19 • Delaying Payment 28 crisis. HR 30 • Staffing and Managing Costs 30 In the UK, central and local governments, charities, arts organisations and artists have Tax & Finance 34 responded quickly to the situation, through a range of measures and campaigns. We • Strategy, cash flows and grants 34 have started to put some of these initiatives together and will keep these updated regu- Insurance 40 larly. • Business Interruption 40 • Unoccupied Premises and Working From Home 42 • Art Fair Cancellations 44 Please share any UK initiatives you are aware of by emailing us on [email protected]. -
Frequently Asked Questions
Frequently Asked Questions Art Lending Fund LLC (ALF) January 22, 2020 1 Table of Contents 1. What is art-secured lending and the Art Lending Fund (ALF)? ................................................ 3 2. Why invest in ALF? ............................................................................................................................ 3 3. How does ALF compare to similar investments? ........................................................................ 5 4. How large is the market? ................................................................................................................. 6 5. What is the competitive landscape for art-secured lending? ................................................... 7 6. What led you to create ALF? ............................................................................................................ 7 7. Why Shinnecock?............................................................................................................................... 8 8. What are the functions of the advisory board and who are the members? ........................... 9 9. What are the challenges associated with art-secured lending? ............................................. 11 10. What type of art does ALF accept as collateral (i.e. our investment criteria)? ................... 14 11. Beyond art, what types of additional collateral does ALF accept from the borrower? ..... 15 12. How liquid is the collateral? ........................................................................................................ -
COMPLAINT UNITED STATES of AMERICA : Violation of - V
Approved: ________________________________ JESSICA K. FEINSTEIN/CECILIA VOGEL ASSISTANT UNITED STATES ATTORNEYS Before: HONORABLE ROBERT W. LEHRBURGER United States Magistrate Judge Southern District of New York 20 MAG 4507 - - - - - - - - - - - - - - - - - - - - x SEALED COMPLAINT UNITED STATES OF AMERICA : Violation of - v. - : 18 U.S.C. § 1343 COUNTY OF OFFENSE: INIGO PHILBRICK, : NEW YORK COUNTY Defendant. : - - - - - - - - - - - - - - - - - - - - X SOUTHERN DISTRICT OF NEW YORK, ss.: CHRISTOPHER McKEOGH, being duly sworn, deposes and says that he is a Special Agent with the Federal Bureau of Investigation (the “FBI”), and charges as follows: COUNT ONE (Wire Fraud) 1. From in or about 2016 through in or about 2019, in the Southern District of New York and elsewhere, INIGO PHILBRICK, the defendant, together with others known and unknown, knowingly and willfully, having devised and intending to devise a scheme and artifice to defraud, and for obtaining money and property by means of materially false and fraudulent pretenses, representations and promises, transmitted and caused to be transmitted by means of wire and radio communication in interstate and foreign commerce, writings, signs, signals, pictures, and sounds, to wit, for the purpose of financing PHILBRICK’s art dealing business, PHILBRICK obtained funds by means of interstate and foreign wire transfer from collectors, investors, and financial lenders by providing false information and false documents regarding the sale, ownership and provenance of artworks. (Title 18, United -
{PDF} Turner Ebook Free Download
TURNER PDF, EPUB, EBOOK William Gaunt,Robin Hamlyn | 128 pages | 12 Aug 1998 | Phaidon Press Ltd | 9780714827599 | English | London, United Kingdom Turner | Definition of Turner by Merriam-Webster Turner — , English painter Jamie Turner born , American automobile dealer Jane Turner born , Australian actor and comedian Janine Turner born , American actor Jay Turner — , American football running back Jean Turner born , member of the Scottish Parliament Jermaine Turner born , American professional basketball player Jessie Franklin Turner — , American fashion designer. Turner born , American magician, mentalist and speaker Jonathan Baldwin Turner — , abolitionist and educational leader Jonathan D. Turner end , American football player T. Retrieved 28 August A Dictionary of English Surnames Third ed. Retrieved 9 December American Surnames. Genealogical Publishing Com. Dictionary of American Family Names. Oxford University Press. Time Traveler for turner The first known use of turner was in the 13th century See more words from the same century. Statistics for turner Look-up Popularity. More from Merriam-Webster on turner Thesaurus: All synonyms and antonyms for turner. Comments on turner What made you want to look up turner? Get Word of the Day daily email! Test Your Vocabulary. Love words? Need even more definitions? The awkward case of 'his or her'. Take the quiz Forms of Government Quiz Name that government! Take the quiz Spell It Can you spell these 10 commonly misspelled words? Take the quiz Citation Do you know the person or title these quotes desc Play the game. High levels of volcanic ash from the eruption of Mt. Tambora in the atmosphere during , the " Year Without a Summer ", led to unusually spectacular sunsets during this period, and were an inspiration for some of Turner's work. -
DALÍ a HISTORY of PAINTING 6 July to 8 September 2019 - Grimaldi Forum INDEX the EXHIBITION
PRESS KIT DALÍ A HISTORY OF PAINTING 6 July to 8 September 2019 - Grimaldi Forum INDEX THE EXHIBITION - Introduc+on 3 - Voyage to the heart of the exhibi+on 5 - Zoom on a par+cular work 9 - Exhibi+on layout 11 - Mee+ng the curator 14 - Biography 16 - List of visuals available for the press 24 THE GRIMALDI FORUM - Prac+cal informa+on 30 - Presentaon 31 - Travelling exhibions 33 FUNDACIO GALA-SALVADOR DALÍ 35 PARTNERS - La CMB 37 - D’Amico 38 - Sotheby’s 39 SPOTLIGHT ON AN EXHIBITION AT THE PALACE OF MONACO 40 Q Salvador Dalí, Enigma7c elements in a landscape, 1934 Fundació Gala-Salvador Dalí, Figueres © Salvador Dalí, Fundació Gala-Salvador Dalí / Adagp, Paris 2019 2! THE EXHIBITION DALÍ, a history of painYng IntroducYon Every summer, the Grimaldi Forum Monaco produces a major thema+c exhibi+on, dedicated to a major ar+s+c movement, to a heritage or civilisa+on theme, to a public or private collec+on, or to any subject in which the renewal of crea+vity is expressed. This provides an opportunity to highlight its assets and its specifici+es: the offer of a space of 4,000m² to create in complete freedom, making available the most powerful technological tools for the scenography of the event, being able to rely on the best specialists in each field to ensure the scien+fic quality of its exhibi+ons. In line with the great monographs of twen+eth-century ar+sts presented at the Grimaldi Forum Monaco (SuperWarhol in 2003, Monaco celebrates Picasso in 2013 and more recently Francis Bacon, Monaco and French culture in 2016), the exhibi+on of summer 2019 will be dedicated to “Dalí, a history of pain+ng” (from 6 July to 8 September), curated by Montse Aguer, Director of the Musées Dalí.