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Home , Art dealer, Damien Hirst, Mark Wallinger, Rachel Whiteread

lifestyle| the wealth 40 as is set to gain in popularity.in gain to set is Whiteread Rachel as such fromsculptures modern for market The to have to to hold to Collectingart is no longer just about individual taste or the status of owning awell- knowncultural artefact, it is now aserious investment in its own right. Leading adviser & Richard Thompson offers some advice on how to play the market. lifestyle | the wealth collection 41 op t The rapidly expanding East Asian sector offers contemporary Chinese artists such as Zhang Xiaogang. s r o d Thompson t r p l ha u c c , Richard Long, ZhangMark Xiaogang.Wallinger, artists Emerging Michael Xavier Stephen Veilhan, Gregory, , Joo, Rickey Rebecca Paloma Swallow, Warren, Martin Honert, Weisz, Rupert Norfolk, Varga Conrad Shawcross, Pei Klara Ming, Kristaloua, Sui Yan Jianguo. Frances Uprichard Pablo Picasso, Constantine Brancusi, Alexander Alexander Brancusi, Constantine Picasso, Pablo Donald Rickey, George Fontana, Lucio Calder, , Smith David Smith, Moore, Henry Tony Judd, Hepworth, Barbara Carl Andre, Giacometti, Alberto Dan Falvin. Caro, Anthony Oldenburg, Claes masters Living AnishGerhard Richter, Kapoor, Cy Twombly, Richard Serra, Sol Lewitt, Antony Gormely, Ellsworth Richard Kelly, Long, Mark Di Suvero, Berna Vernat, Louise Bourgeois, James Turrell, Cragg, Ray Tony Charles, RobertWalter De Gober, Maria, Daniel Buren, Juan Munzo, Michael Heizer masters Emerging Rachel Whiteread, Michael Craig-Martin, , Kiki Smith, Damien Emin, Hirst, Tracey , , BillCornelia Parker, Culbert, Don Brown, John Isaac, Mimmo Paladino, Thompson’s masters) (past Blue chip investments Ri Born and educated in New Zealand, Richard Thompson worked in dealer galleries and has been a private art adviser in modern and contemporary international art for the past 15 years. He has developed numerous first-class private art collections and continues to advise private collectors from his current base in London. s ver the past ten years, the has seen the term ‘investment’ go being the from the ver a artpast ten has world years, seen the ‘investment’ term dirtyto partword the artof In the this industrylingua sense, franca. has truly come it is of worth now $3 age; trillion and has an annual of turnover $30 billion.

‘Furthermore, art trends ‘Furthermore, market bear little correlation to so equities there is or greatbonds, The best example of an art fund with a proven track record is the Fund, based in based Art Fund, is the Fine record track of an The example artbest a with fund proven In a global economy that craves diversification of discretionary income, In arta global of diversification is that economy discretionary the craves income, hip new It has its for indexes own tracking artprice.comArtperformance and All Index, (MEI Moses potential for portfolio benefits. This strategy enabled a realised cash-on-cash potential returnfor portfolioof 47.6% benefits. at alternative asset class. History shows that art offers high returns and reduced portfolio volatility. volatility. portfolio artthat offers returns and high reduced History shows class. asset alternative Art outperformed (at 10.94%) Index All to 1965 the 2002 MEI Moses from The facts there; are (at 7.53%). bonds and the government both S&P 500 (at 10.49%) the UK. CEO Philip Hoffman, who was formerly financial director at Christie’s and has 20 at Christie’s director formerly financial who was Hoffman, CEO Philip the UK. as a lucrative recognised ‘Art is now says: art experience in as analysing an investment, years’ fantastic investments fantastic edition artworks by leading artists are high-quality small- must-have investment. Art funds have emerged as passive vehicles for reduced risk investment, Art emerged for funds vehicles as reduced have riskpassive investment, investment. must-have spreading their buying Their multiple across disciplines boards and and historical periods. expert advisers are some of the most respected personalities in their fields. It is possible now to a special report on any piece and of all art, of the relevant statistics for making an informed purchase are just a click away. O that showing the returnsartnet.com), are just if as not attractive better than the share market. lifestyle| the wealth collection When each of these four participants started started participants four these of each When (institutions,and,private morerecently, investors). (institutional,collector and private) and public houses),auction and (museumsinstitution critic dealer, wallswereoutsideart thethe of each gallery.;wassquarethe the along Inside wasa it imagine to wastold I wasdrawnand is successful chamber’. echo artist ‘the square A makesan what that wastold I gallery dealer private a workingin started first I When opportunity of Areas Pollock?’a or wall, certificate stock a havewouldyouryourather what on - and 2006.glamour of addition,end offers In the art art. in investing when for out look to emergingmasters many of one Wallingeris Mark 42 with them. This means that you get the long- the get you them.that with means This part to want will you that likely less you, is it inspire and challenge that works purchase you opportunity.areasof emerging of ideageneral Canvassinggivecanopinionsyou numberof a a returns.bigger to lead can that information investment,providecanadvice expert inside connections.connoisseurshipand anywith As buying. art with fordo moreto formula is It out. started I when tested and tried no Thereis stuck. has it analogybut others.simple of wasa attention It the attract wouldecho the artist same the about talking Buying art for quick returns is a bad idea. If bad a is returns quick for art Buying investorequation the enterterm not Thedid passionfor is , which Iwill improve Oneundervalued area that Ialso have aspecial market a out spectator.a than rather cog, integral youan participant into a turning workings,inner the witness to machine the moreenriching. allowsIt youinside of experience makesthe artists and experts investor. astute an become and knowledge gain quickly wayto best the is interest of area particular a on changes.Focusing market unfavourable any weather to likely more be will and them holding of benefits term Developing relationships with dealers or art Developingart or relationshipsdealers with lifestyle | the wealth collection 43 ■ Cutting-edge artwork from the likes of can expand and reinvigorate collections. The market The has market exploded in recent years and Recent examples include Andreas Gursky’s ‘99 Recent Andreas Gursky’s examples include becoming the contemporarymost expensive Or photograph names on such the as market. whose generated works €4.7 , million at demonstrate auction the in 2005, vibrant of new growth market. this relatively no one should be in any doubt that art is now if an keep you As an investor, serious business. on new eye talent the and emerging trends, opportunities are endless. September the 2006, price index for photographs by artists born after 1945 has risen 262%. which sold for cent’, $2 million on 10 2006, May Parkett 10,000 in 1996, 10,000 in 1996, € 125,000. € and sold for less than Even Even relatively new and emerging markets High-quality small-edition artworks by leading leading by artworks small-edition High-quality looking discerning, more become have buyers Art This has also been the case when look you at like contemporary photography are performing beyond expectation. Between January 1996 and artists are fantastic investments. They are ideal for for ideal are They investments. fantastic are artists buyers allow and jet or office , beach boat, the artists. younger by art challenging buying risk to decoration. mere than more offers that art for exciting, and fresh is market artists emerging The conversation great are purchases cutting-edge and collectors seasoned reinvigorate can They starters. of acceptance and knowledge their expand and art. contemporary in concepts new Magazine is selling now for the very increases healthy in for value the prints by ‘editioned’ An and multiples sector. which published was by Gerhard Richte, build build their collections. The prices being now for editions achieved Warhol, by artists such as and Koons Richter are a Bacon, testament to the strength of this genre.’ no one should be in any art doubt is that now a serious business. ‘As I was leaving town a few hours later, ‘As I I a town leaving was few hours later, Collector Nick Rhodes says: ‘In the early 1980s 1980s early the ‘In says: Rhodes Nick Collector The 2006 summer auction season 55 saw world The Indian has market seen prices rise twenty- As collectors’ walls fill up, they move to they move fill walls As up, collectors’ looks increasingly attractive looks for increasingly people attractive looking to in fact, it in added fact, to the that mystique there were identical artworks several the around in world the monumental Given riseother collections. in art pricesthe editions in market recent years, show. It at was this moment Marcel Duchamp show. that I became fascinatedIt didn’t with editions. seem to matter that each piece not was unique; persuaded him to me take back to uptown open up the gallery so that I could view his current I had the great fortune to meet [art dealer] Yves Yves [art dealer] meet to fortune great the I had New a long away I whiled whom with Arman, painters. favourite our about chatting evening York multimillion-dollar lots multimillion-dollar appear to depict a market the real in strength the out is market of control, in the art. more affordable $10,000 accounted for 86% of turnover, an $10,000 accounted for 86% of turnover, This of increase 23% the year. from previous demonstrates that although headline-grabbing of worldwide of auction houses worldwide in 2004 $4.15 was Million-plus lots made up billion. only 2.2%, of that figure while sales $2,000 between and Art lesson A lesson can also be learnt analysing from The total annual turnover auction house results. and India as significant in new the investors art has market fuelled the figures. growth were worth $200 million in 2005. Artists to worth $200 were million in 2005. Mehta and Francis Souza. Tyeb include watch The emergence of Russia, broken. records Chuanxing and Sui Jianguo. Sui and Chuanxing sales of Indian artWorldwide fold since 2000. art. Wealthy and middle-class collectors in these these in collectors middle-class and Wealthy art. artists Chinese exponentially. growing are countries Zeng Pieming, Yan Xiaogang, Zhang are watch to Eastern promise expanding rapidly the is watch to sector Another Indian and Chinese contemporary of market can create some between exciting developments landscaper and interiorartist, designer, architect, resulting in point a of distinctive difference. is an enjoyable process, offering a unique process, is an enjoyable opportunity to meet and with work an artist. artists Involving at the early stages of planning exterior. Modern exterior. grand houses are once again incorporating large-scale outdoor sculpture into Commissioning design. their overall and Mark Wallinger. Mark and the space next - available the floor and Oldenburg, Anthony Caro, Louise Bourgeois, Bourgeois, Louise Caro, Anthony Oldenburg, Rachel Cragg, Tony Kapoor, Anish Serra, Richard Smith Kiki Hirst, Damien Koons, Jeff Whiteread, rapidly over the next decade. It is worth paying paying worth is It decade. next the over rapidly as such artists century 21st and 20th to attention Lynn Hepworth, Barbara Moore, Henry Brancusi, Claes Smith, David Rickey, George Chadwick,