For 2012, we can expect to see record prices for several contemporary artists, most notably Gerhard Richter. Painters understand (or envy!) the values in fine art auctions, sometimes, but how does an investor select the objets d'art and fine paintings to lust after to make their lives complete?
Investing in art is a combination of knowledge, emotion, acquisition means and skills, and of great advisers who will scour the markets for just the pieces to add to or complete a collection. With any investment, there are good years and bad years, and perhaps a lifetime to enjoy these special acquisitions and then pass them on. For many investors, it's strictly business and the numbers are the game they're playing. Odds are, they'll win.
This is one of Richter's kerze (candle) images with the link to the website where I found it: Richter Kerze image
This is truly timeless imagery touching us on many levels. It's about as minimalist as great art comes, though I'll admit to admiring much less in imagery. It's tranquility is atypical of Richter's "more German" abstract high energy, even disturbing, works of photography and painting.
How much would you pay for this image? Christie's sold a kerze work in October for US$16.6-million. And investors eagerly wait to buy more.
“Richter is going to play a huge role in the market for years to come,” Jonathan Binstock, a New York-based senior contemporary-art adviser at Citibank NA, said in an interview. “Collectors are going for artists with proven reputations.” Bloomberg - 2011 New Buyer Sales at $1.7-Billion
Back to the real world where the rest of us live.
Maybe luck has a little to do with sales, or maybe not.
- Are you working on your masterpiece?
- Are you painting because art, painting, is your raison d'être?
- Are you shouting "Hey, World, look at me, my work is great, too!"?
Keep painting, every day if you can, and promote, promote, promote. Success is built on hard work and comes on many different levels. As painters, most of us would like to sell our art, not pocket a chunk of the global economy.
Some time ago I posted an image/link on my studio Facebook page about another contemporary art piece that sold for a record price Awesome Photo - $4.3-Million worth of Awesome.
This photo is in essence a minimalist expression similar to the Kerze piece.
If you know my abstract field study low horizon beach pieces, such as Dark Waters, Dark Waters-Gail Kent Canvas Print, you'll see similarities in imagery and a sense of tranquility in each that convey peaceful feelings found in these two recently auctioned famous works. In essence, mine are great paintings, too. But that's where the similarity ends, I'm still painting every day.
What great images are you working on and how are you promoting your works?
All the best,
Gail Kent Studio
Find me or my work at the following addresses:
Twitter - Twitter.com/@Gail_Kent, and Facebook - www.facebook.com/GailKentStudio