Friday 28 December 2012

Did you know that you can get rental income from Art?

As art investment becomes more popular , different ways of generating returns from investing in art are becoming available. A recent addition to the options available to art investors is art rental which is one of the fastest growing vehicles for investing in art because it solves the problem of illiquidity which is usually associated with art investment by using the artworks to generate an income for the owner.

 Art rental basically involves a gallery or broker selling you a portfolio or piece of art which is then rented out to the corporate sector on your behalf giving you a return which is usually underwritten and usually between 5% and 9% a year for up to 3 years. This means that you can invest in art and get a guaranteed return while you take advantage of the capital appreciation. Once the rental period is over you should get the option of either taking collection of the artworks, selling the artworks, or going back into the rental program and continuing to earn a return.

 The gallery or broker that sells you the work will rent your artwork out to businesses and organisations for them to put in their offices and boardrooms, etc. and will take a small cut of the rental fees they charge them, passing on the rest to you.

 Before agreeing,  should first get any agreements looked over by a lawyer and make sure that the artworks will be fully insured at all times (usually at the expense of the gallery/broker) so that there is no risk to you should anything untoward happen to your artworks while they are being rented out.

 But why would  the corporate sector  rent artworks for their offices rather than buy them, well, there are several reasons. The first reason is that often a company cannot justify purchasing artworks to their board or investors. Secondly, renting artworks allows the company to change the artworks they are displaying every so often without cost to the company and the final reason is that there may be tax breaks involved for the company by renting art.

Thursday 20 December 2012

Professionals Art Thieves ???

In general it's rare for a museum to be robbed by 'professional art thief' . Why?

Because it's very difficult to pull it off!!! First of all,  how to assemble a team of people like guys from Ocean 11...lol... It only happens in movies. Think Thomas Crown....hahha... love that movie!
The Son of Man by René Magritte


Besides even if it can be done, the aftermath publicity makes the stolen items too recognizable & it'll be difficult to get buyers!!! Who would pay so much for something they cant show to others after?

Once the art thief realizes that it's too late, he'll go on to other things while the stolen items lie dormant in some hideaway possibly in a garage or storehouse until he figures out what to do with it....lol.....

Lots of intelligence has been gathered now by the police. For instance they found out that more than 90% of these crimes involves some insider information. So what they usually do is to look for links between past/ present employees & local gangs & criminals. But prevention is always better than cure, so enhanced staff background checks & discreet observation of visitor behavior helps a great deal.

Wednesday 12 December 2012

Art Thefts

When one talks about art, one will naturally think of Art Thefts as well. It has been glamorised often by Hollywood. I never forget the first time I saw Thomas Crown Affair. Love the movie. It's smart beautiful but mostly it' s about my favourite subject...lo.....

As it is, in reality, art thieves are not the same ones we see in the movies. Instead they are the usual opportunistic criminals who are often short sighted as well.

E.g the 1961 theft of Goya's Duke of Wellington from the National Gallery in London. Everyone thought some very smart art thieves are responsible for it. The real thief turn out to be a retired cab driver who's pissed at the BBC licensing cost. He stole the painting by entering the museum through bathroom window.

In 1973, C Horsley got arrested for stealing 2 Rembrandts from the Taft Museum. After serving a prison term, he was arrested again & this time for shoplifting toothpaste & sweets!!!!

Saturday 8 December 2012

Investing in Art ????

Art investment is similar to investing in anything else. You want to buy at a price lower than the price you sell it. For most people this isn't the primary reason for purchasing a nice piece of artwork, but if you ever change your opinion about that piece you bought, want something new, or simply need a couple extra bucks, selling your investment could be an alternative.

Art and collectibles trading is subject to the same market pressures as other mediums of investment, but there are some big differences. Subjective factors play a key role in the price. These factors includes condition, authenticity, the visual appeal of the work, and even the people who owned the painting prior to you.
But the best kind of investment is one you want to own. You will know more about it, enjoy having it, and are probably more likely to sell it for a higher price upon sale date.

Real life examples : Picasso's "Boy with a Pipe" sold in 1950 for $30,000 and again in 2004 for $104 million!!!!

Wednesday 5 December 2012

Affordable Art fair 2012

Went to the Affordable Art fair at the F1 Pit Building in Marina Bay South 3 sundays ago. Dont know what it is?  Well this is an event, started in LOndon 1999. Founder Will Ramsay started out with the mission to turn ordinary people into an art collector by introducing casing afforable art to the public.

In this fair, there were 2,000 artworks by 850 artists, costing less than $10,000- The overall quality of works at the fair varies.... some were pretty good & very value for money- others were just amateurish & over priced- haha... this I quote from some expert there! Those were mostly ignored by everyone...lol.....

Good Pieces were being snapped up, especially those which are easy to the eye, low priced by unknow artists. People buy pieces that "spoke" to them. After all even if the artist remains unknown, you are still left with something that's beautiful.. That's the whole point right?

We'll never understand the world of maddening auctions with the equally maddening art prices!!!! What would you do with a piece of art that costs millions of dollars? You'll have to insured it, place it in a vault perhaps..... how to enjoy it this way????

Wednesday 28 November 2012

Collecting Art?

Who......... me? No..... I wouldnt know where to start. One can buy something that one love & bring it home. But serious art collecting is a total different thing. It's a serious affair- one that's complicated & no one really understand it....lol..... ok, only insiders maybe but many just pretend to know more than they really do, but.......

If you know nuts about art, no art background & I mean real art history you have to depend on the person who sells you the art , hopefully you get a real & quailified curator. And even if you so bump into one, he/she is still just on a mission to close the deal...hahha.... so you are really on your own from the start. It's easier collecting stamps....lol....


Friday 2 November 2012

China's most interesting Artist & Painter :Liu Bolin aka the Invisible Man

Of all the Chinese Artists that have emerged in recent years. Ai weiwei seems to be the most prominent, but is he really known for his creative art or his political activism? We should all agree it's the latter. I'm not going to talk about him rather about a man called Liu Bolin aka the invisible man!

Never heard of him? Well you soon will. His art has taken the internet by storm. His work combine painting, installation, sculpture & photography into a repeated visual pattern so versatile that each image resonate with a different meaning- power, repression , suffering ,luxury.

His work takes hrs to prepare. Liu stands still as in meditation & his assistants turn him into canvas. They painted on him (body, face, clothes, hair), blending him into the surrounding. Often it's difficult to detect him after the work has been done, but Liu prefers not to just fade into the environment or scene he likes  to move slightly so that people look (got it!!!!) & thus think about art!!!! His shtick is immediately identifiable! His art has since become phenomenon, and demand is booming.

Only about 7 years ago, he's a struggling artist living in Shandong Province. His village was demolished while he watched helplessly. That trauma help birthed his signature first invention : a picture of him standing in front of his destroyed home, his face & clothes painted so that he blend into the debris left behind by the demolition. He describe this as a silent conversation of the conflict between man and society- fates intertwined.

I like what he does, it's creative, smart & he delivers a message

Tuesday 16 October 2012

Early exposure to the arts makes a difference

According to experts, getting children involved in the arts at an early age is key for maximizing learning and development potential.  The arts  teaches children skills that benefit them for the rest of their lives.
The arts are what make us human. The arts are what connect us to the world, to each other. We can all learn to spell and write and do algebra, but the arts talk about those things that make us human beings, what we find beautiful, what we care about, how we share, and how we reflect what the world means to us.
1; Children learn positive habits, behaviors and attitudes through the arts.
Learning a musical instrument, creating a painting, learning to dance, or singing in a chorus teaches that taking small steps, practicing to get better at something, being persistent, and being patient, even in the face of adversity, are important for growth and improvement. In other words, the arts teach habits, behaviors and attitudes that are necessary for success in any field of endeavor.
 2: It  enhance creativity
Imagine an art class in which students create an original canvas filled with color and creative use of space; a music class where they develop their own rhythms; a theater class where they create and produce their own plays. The arts are a wonderful arena for fostering creativity, an important skill to have in a rapidly changing world.
 3; Students  can develop critical intellectual skills.
The arts foster critical higher levels of thinking that carry over to learning other subjects and in life. Through the arts, children learn to observe (What do you see in a painting?), interpret (How should we play this music?); see different perspectives (What is the artist’s perspective? What is your perspective?), analyze (Let’s take apart this play and study each part separately.) and synthesize (How do all the parts of the dance fit together to create a “whole”?).
 4:  The arts teach students methods for learning language skills.
As students learn to read notes, compose music, play an instrument, learn dance steps, create a painting, act in a drama, they are also learning how to develop new concepts, build vocabulary, and learn a new language.
 5: The arts help students learn mathematics.
The arts require measurement, number manipulation, and proportional thinking,  all of which foster mathematical thinking. Students also learn patterns (e.g. musical rhythms and dance patterns); spatial and geometric relationships (visual art patterns); and three-dimensional skills (making models of clay).
 6; The arts expand on and enrich learning in other subjects.
Artworks provide a visual context for learning about historical periods. Music, painting, drama, and dance help literature come alive. Graphic designs and drawings, such as those made by inventors and engineers, complement learning about scientific and technological principles and innovations. 
 7: Aesthetic learning is its own reward.
The arts teach about beauty, proportion, and grace. They help to examine conflict, power, emotion, and life itself. The power of the arts is in its wondrous ability to give us joy, to help us understand tragedy, to promote empathy, and to make the written word come alive.
 8: Children’s arts talents and interests are developed.
The arts provide an important avenue for developing a passion to learn, grow, improve, and do something productive with one’s life. Many children discover their talents and interests through the arts: they develop talents in acting, drama, painting, music, dance, sculpture, or creative writing.
 9: The arts teach teamwork!! Children learn tolerance and understanding of others.
Through the arts, children learn how to work together to achieve great things. As they work together, they learn to understand differences and diversity. They learn how teamwork contributes to great performance. By teaching students how to live and work together, the arts contribute to making schools safer and more peaceful learning environments.
 

Saturday 6 October 2012

Super Trees @ Gardens by the Bay

Singapore's landscape has improved by tons in recent years. I espcially love the Super Trees, I think they are not only beautiful but brilliant, as Natural Trees take long time to grow to be big & tall. The 54ha park cost us about $1 billion !!!! Hope it'll attract tons of tourist for us! I love it, so I hope others will as well.


According to the papers, the design version began in 2006 when Grant Associates beat 75 others in the international design competition our NParks held for the gardens master plan. Andrew Grant (founder of Grant Associates) The gardens' master planner & designer drew inspiration from the magical jungles in the Japanese animated film Princess Mononoke. He told reporters that Our government "sense of thinking ahead" impressed him alot! To top it off, there's a  clear & direct link  from policies to materialization of them (super efficient!!!!!) , without going through a whole lot of different & diffcult  channels like what they usually do in Europe! All these made it possible.

Had a glimpse of it when I drove by the other day. The creepers had not reach the top yet. Are they creepers.... not sure what to call them but saw many people there taking pictures... I've a HK friend coming to visit soon, will have to bring her there!

Tuesday 2 October 2012

An unfortuate turn of events

UPDate!!!!!!

The woman who found the real Renoir in a $7 box of junk she bought at a flea market  wanted to remain anonymous, so there was little media attention. Still it did caught the attention of   The Washington Post's Ian Shapira who after some searching  discovered that the painting had been stolen from the Baltimore Museum of Art way back in 1951 !!!!!! As such, the auction has been canceled and Potomack president Elizabeth Wainstein said the poor flea market shopper is "disappointed."
What an understatement! Wonder what will happen to the painting now? Returned back to the museum? I feel the museum should at least compensate her in some small way.

I dont know what I'll do if I were in the same position! Should have kept quiet ya??? Imagine owing a Renoir......wow..... I once heard the late Liz Talyor had a Van Gogh where she hang in her toilet... lol.... not sure how true that is though..... But what a life!!! Apparently it was given to her by the late Richard Burton, who had married her twice! hmmm..... not sure whether it's true, but to people like me who love such things ....lol... well it's just good to know....lol....

Friday 21 September 2012

Renoir found in flea market

I cant believe when I saw this news a few days ago. Someone actually bought a painting by French Impressionist Pierre-Auguste Renoir at a flea market in Virginia! It will be autioned soon & expected to sell for US$75,000.00 to US$100,000.00.

It's a very small painting only 14 cm by 23 cm, was in a bin with other things when this lady bought it. She prefers to be anonymous. haha.... that's smart huh... can you imagine the friends & relatives that might  come by the dozens when they find out about this good fortune. She was about to destroy it but her mother spotted the name Renoir on the canvas, so they went to an expert to get it appraised. They were able to trace the painting back to an American collector who purchased it in 1920 something from an popular gallery in France .

Now I see why so many people love these flea markets. You never know, you might just find that gem amonsgt the rambles....lol....

Thursday 2 August 2012

Reviewing Art as a career?

I just saw a beautiful painting by Saunders.... love it. Wish I can review it, but I guess you really need to have at least a solid art history background for that. Plus experience & lots of exposure to the world of commercial art as well.

I took a class during my uni days for humanities &  art. In the beginning I was at a loss of words just trying to describe anything . But it opened  my eyes to stuff I now love....... Humanities was really fun.  Art History was so interesting!!!!Too bad 'art' is not really rooted  in our local culture.

Still that's my first love ..... wish I can go Paris & visit the Lourve again .....sigh... In fact wish I had a career in the Art world:)