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Aboriginal art insurance
Art InvestmentI get asked about art as an investment often. I would suggest that there have been many people somewhat duped that were guaranteed they would profit from selling their artwork if they held it for 10 years. My question is, where are those dealers now? It is irresponsible of an art dealer to sell art by average artists as investments. Maybe their magical crystal ball was in the workshop that day.. I might make a joke but surely being misled is no joke.. I put it to you like this - to varying degrees, all art is an investment of your hard earned. True, to a point, but I want to prepare you a little more than being told the artist is dead so buy their work.. an artist must be successful whilst living! The word investment sometimes gets thrown around a lot a little too casually for my liking. Buying for investment is a rewarding and great way to indulge in the way of art. It's just important to be armed with the facts...that's all. This is for the newbies.
These are some good questions to ask . If you love the artists work, have you seen many examples and are they all good "quality" or consistant with the artists approach to painting? If you can tick these boxes , and buying an artwork for an investment for you is an added bonus to your already wise investment arrangement, then I would say go ahead and invest. Art is bricks and mortar and a great artwork by a great artist will always be just that. Let me know if you have found anything of interest in this blog or you like to discuss the value of your work, I am also available to source works with pedigree provenance they may potentially be a good investment for you. |
I am passionate about good art. Simple. After many years travelling the world and seeing some incredible artworks, I cannot overcome my love of Australian Aboriginal art. It moves me and gives me the connection to our county that I think is intended by the artists. A small glimpse into the Indigenous ideology and mystery surrounding this great land of ours called Australia
Selling at auction vs private sale
I don’t think that there’s a whole lot of difference between artworks and property when it comes to selling platforms, in particularly live auctions versus gallery sales. Auction has its benefits and so does private selling. Let’s talk about the seller for a moment- The main issue with auctions is that you really do need 2 people to be at the auction who both want the property/artwork and actually see the value in the lot being sold, There is a sense of urgency and no matter how long the buyer has prior to do their due diligence, the auction environment can bring out the beast in us all! The buyer’s premium is usually about %20 as an average and then there is your delivery in the case of art. These are 2 costs that need to be taken into consideration as %20 isn’t to be sneezed at. The softer approach is usually where the buyer can relax into the sale and therefore have a better opportunity to potentially get the price they want to pay or at least have the conversation in more than 7 minutes! For the seller, it means they also have an opportunity to wait for the best price and not be pressured into a sale. In the auction environment, the seller can also feel pressured into selling for less than the items worth as they are caught up in the rush of the sale, reserve or not. Think about what your bottom line is when it comes to selling as either way has its positives and negatives. Think about your top dollar when it comes to buying as well, how much you are willing to spend. If you would like a pre-auction/buying report, as you are thinking of buying, please contact me and we can discuss what the value of the artwork is, what you would be willing to spend and what I would recommend you focus on, Remember, a little bit of knowledge is great but a well-rounded and informed opinion is critical to your buying or selling success. Cheers The Steve Martin Collection of Australian Aboriginal Art proved to be a resounding success when showcased at Gagosian's gallery in New York then In Hollywood and now currently in Asia. The tingari artworks painted by one of the Pintupi nine Warlimpirrnga Tjapaltjarri are astounding. The other big hitters are Bill Whiskey, Yukulti Napangati and Emily Kame Kngwarreye. These major artworks have been collected from different sources, though the western desert artworks provenance stems directly from Papunya Tula PTY LTD. I would like to mention to new collectors that art centres are only one way of acquiring artworks .From my many years of experience the private sector has
some of the best of the Papunya Tula artists works. By this I mean, the artworks were painted in private studios by the artists and not in gated communities where the artists were first shown paint and canvas. For Emily Kame, there was no art centre and her Earths Creation was painted for Dacou gallery. What I am trying to say is, don't let bias about how to source artworks play with your emotions. Artists are entrepreneurs and independent people who can paint when and where they like. The private studios have a major role in supporting the Aboriginal art world and as long as the studio abides by the strict ethical code of the pan body of Aboriginal visual arts, The Aboriginal Art Association of Australia, then your have nothing to worry about when it comes to artists being treated fairly and being paid accordingly. Happy collecting. |
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