2 Burst results for "Warhol Lichtenstein"
"warhol lichtenstein" Discussed on The Art Newspaper Weekly
"Going alone. You know there was a very strong work actually estimator eight hundred three fifty. Now I've actually spoken to her about this. She's she's very concerned about this it's incredibly difficult and wearing syndrome. Young artists being turned over. Because there's just it's like it's like a washing machine isn't it that's a spin cycle And if you have the right connections and you're rich enough you get in at the beginning and then you get out in time And the rest is desperate to try and by the work and usually by too late and they get lumbered with this. And it's and this. This whole cycle whole this whole dynamic is very concerned for the market. As a whole I think with calls it's just bonkers and you had a really interesting piece that you actually usually root for for the art newspaper recently which is about kind of like populace Martin tasted are How how is that? Maybe shifted over the past few few years and how is that affecting the market his younger artists. Just wondering to what extent. S- those two wills into into sex. I think banks in Kohl's very very so separate markets from the super Super Hot markets will young anointed artists from fashionable galleries. I think not slightly different I wonder how long the calls things can go on for. I'm not sure sculptures particularly interesting. There was a big painting sculpture From edition of Ten plus two is estimated mated at three hundred made eight hundred thirty six thousand That the sculptured the paintings I sort of understand and but the sculpture. I just find completely anonymous and mad. Why is that well this thing and then his time you're going to be looking at the? This is losing me a Lotta money speaking city in the cool room make you look fool. I think Speaking of cause and banks You know we're obviously coming to the end of twenty nine thousand nine here moving into a new decade. Their markets have been the most astronomical made in the last decade. Are there some other artists that you know have had a miraculous rise or miraculous fall in some ways over the past decade or any larger your trends. That you've been noticing since you know. Obviously we were in a very different financial place. Sure back in two thousand nine right after the financial crash and now we're kind kind of staring down the barrel of possible. Recession trade war is brexit. The whole Shebang wonder if you're seeing any kind of trends that you can spot okay in the last ten years of the first thing to say though of course is the that there's no The people aren't losing any money right. Yeah the guessing guessing richer and richer and richer The that the context for all this is is Thomas Spaghetti wrote the script book called capital for century and antique came up with this one fulfilled relation which is aw is always greater than Jesus returns on capital are always greater than growth which is linked to contagious so the rich get richer and richer and richer so the money is all they just they just get distracted sometimes and they're a bit distracted moments and that's that's that's the the only problem no way but what is it from. The market is blue chip off and finding new blue chip artists because house Very interesting came back to this. Aunt net report on staggered to see that in the first half of two thousand nineteen coils made mort Olshan as you'll Michel Basquiat which is a bit of a moment. Now oversleep owners of of a Big Ticket buskers. Don't want to put them on the market and they're they're concerned okay. Let's understood but with with basketball top. Ask as not coming on the market. Warhol's Kuhn's the traditional blue chip where the auction houses GonNa make the numbers. So what I have noticed is the way. They're trying in to pump up secondary names as blue chip and in London in October album. Oland suddenly be was meant to be a great artist. uh-huh so we had to deal shows. We had Serpentine Gallery Exhibition which was sponsored by subsidies and Gagosian and there was a load of Alba Roland sales. which did all right? It didn't actually have a transformative effect. I think Edry Shea last night was another example of this Now he's interesting artist in academically and in terms of art history. That's in terms of Papa. You know he doesn't have the directs. The visual impact of Warhol Lichtenstein or Allen Jones Frogman. Say but what I thought was interesting was that they gave gave that painting. Take Pride of place where the Kuhn's Bundy had been in this shrine to blue chip timeless. Ause I thought they were really pushing the envelope there but on the other hand it made fifty two million now. Is that a reflection of well. Find the histories catching up with Trichet. All this just a hell of a lot of money in California. It's probably a mixture of the two but I think the trend next decade will be. The auction house is desperately trying to find blue chip names to replace Bacon Rick to all the others and I think they're struggling because we're not living living in a great period of I would say.
"warhol lichtenstein" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"People get a little more skeptical. Ahead of trade talks this weekend and the art investing. Should it be a part of your portfolio. Our next guest thinks maybe it should be dr carvey menace. He's an art collector board member of the namesake and the namesake of the menace art and education center the nassau county museum of art documentary. Thanks so much for joining us here in our bloomberg interactive brokers studio so again. We've heard about from time to like when i think about investing in art i think about these big hedge fund managers going out and spending gazillions of dollars on art. Do you think it should be part of of maybe the average investor's portfolio well. Thank you for inviting me and i think it's a good investment. As a matter of fact the wall street regional <hes> came out a couple of months ago stating that art was the best investment for two thousand eighteen off work was up ten point six percent while while the s&p was down five point one percent and through the years ought has been quite a good investment. I've been collecting for over forty years and i've purchased peach. The pieces that were let's save one thousand five thousand ten thousand and they've increased twenty and thirty fold and during a good times people beloved money and they can they can buy art and and if you look at the graph of prices of art it continues to rise very rarely. Does it go down. I let let's start start with how you got into this. In the first place you're an orthopedic surgeon by day investor finite and then perhaps if you have a few that you're back at your carpentry route. So how did you get into this sort of art and gusting world while i always love art as a child i would my father would take me to the brooklyn museum and i lived in kind of air. A rough neighborhood was crown heights and and my friends were not interested in museums seems nobody around there was interested in museums except when my father would take me i love looking around at the old masters and the impressionists and and the different paintings i just loved art and when i went to college i was a pre med major but i actually majored in art history. So i took a lot of art history classes. <hes> then when i a <hes> finished medical school and i was able to save a few shekels <hes> i started buying art. So how would you suggest that that someone get started in the art business in kind of art investing in art okay very good question. There are many anyways to buy art. You can buy at the auctions. You can buy it galleries art fairs. You can buy online now. Buying online is is a very good <hes> venue <hes> and you don't have to spend a lot of money of course you can spend hundreds of millions like some of the matisse and picasso's actually couldn't. I heard you boarded the davinci like that person. Look back at my records anyway. Carry out so you can buy a lithograph lithographs. Let's say from chagall picasso famous artists that i just happened to mention could be between one thousand and one hundred thousand so if you have a you you know just a few thousand dollars to invest via lippo from one of the famous artists now there are certain parts of an areas of art that go up <hes> <hes> faster than other areas so we have the old masters that increase in value may before five percent a year we have the modern artists like picasso and and legia asia and dolly that increase in value. I don't know six seven eight percent per year and then you have the contemporary. The contemporary market is hot as hell. Yes and i say that is really hot and we have artists like damien hirst jeff koons and especially while warhol lichtenstein the pop artists are still very hot but the graffiti artists are doing amazingly. Well artists like basquiat keith haring kenny scharf off and now feld 'cause k. a._w._s. There are so hot you buy now and within a year or two they will definitely definitely increase in value so if let's say it's not one of the top names. How do you determine whether something's good also also good question first of all you're gonna. This is a collection and you have to really like. Would you buy you just can't buy because you think it's an investment. You're going to have have to hold onto these pieces for a while. It's not a flip type of thing. Let's say like real estate or or stocks. You have to hold onto it seeking to live with it so you have to find a piece that you really like the color of the design. Whatever said you like and then as far as i'm sorry i yeah i'm just thinking about you know you ask you ask the dealer you you ask the auction house. You get prices. You do due diligence. You do your due diligence. Go online put the artists naming. Let's say the artist is john. Smith put it online and you'll see the prices is <hes> if he sold in galleries and auctions but if you if you're talking about an up and coming artist that has not had any sales at auctions or or or major galleries then it's difficult then it's a crapshoot but i try to buy like stocks tried to buy blue-chip artists and <hes> and occasionally by like an overnight. What do they call us the pink sheets occasionally alibi on on a pink sheet but then you're taking a risk so how about for someone like me with little to absolutely no experience. I don't watch spot fakes or is that a risk that i have to really deal with something. That's just it's. It's not it's fake. It's not authentic well thomas hoving the director of the modern art museum <hes> said that forty percent scent of the art museums of fake so it's very hard to really stay away from fakes but what you need is provenance. You buy a piece and you need the papers from the gallery laurie from the auction provenance that this is an authentic piece. Where is the bid coming from keeps prices continually marching higher. Is there sort of the the chinese buyer that's been coming in or the european buyer or is it everywhere just more that it becomes sort of you know popularized realized online at cetera the more everything is worth well you have people who buy our poor very wealthy and it's kind of the prestige type of thing <hes> so that that pushes the prices up as well but there are more museum's opening up every year <hes> more people people are educated. More people are going to museums every year and people want to you know have art in their in their life. It's beautiful to be surrounded around by wonderful pieces of art besides the fact that it's a very good investment so if i go to an auction destroyed. What do i need to know so. I just wait. Wait my little paddle. When i like something. We'll yeah i guess now. That's a big nick paton. Okay but you look you before you bid you have to you look the artists and the auction catalogue. We'll we'll have a low estimate and a highest mitt so they they do a lot of the due-diligence for you. Let's say a pieces <hes> estimated between ten and twenty eight thousand so you know you look it up and online and see if this is <hes> you know within your price range and you see if you think it's fair and you could call the auction or the gallery and ask for previous prices and asked him how they came up with this particular estimate dr harvey menez. Thank you so much for spending time with us. Think what my book collect dough. Mauri dr harvey man is is an art collector board member and the namesake of the mantis art and education occasions that are at the nassau county museum of art and he has a book collecting art for pleasure and profit that he is holding up and you can find it on amazon and and others hurricane doreen continues.