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Art as Investment: A Survey and Explanation of the Art Market
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Wednesday, October 19th, 2011 from 7:00 to 9:30
There are many factors that buyers consider when purchasing a piece of art. For most the beauty and love of the art is always the first motivating impulse behind a purchase. That said, for most who are spending large sums of money the monetary value of the piece has to be understood, and to many the investment potential can be of interest and significant importance.
Art as an alternate asset class can be a rewarding and profitable for many collectors. However, understanding the art market can sometimes be a daunting challenge as the ins and outs of the art world are often unclear and confusing. This panel discussion will focus on being an introductory survey and explanation of the art market.
This talk is geared towards or those eager to begin investing in art but do not know where to begin. The panel will explain the basic principles of the art market, the relevance of investing in art as an asset, and the importance of starting a collection early on. Bringing together experts from a scope of institutions in the art world, the discussion will be moderated by Annika Connor and give a broad overview of how to begin accruing one’s own collection.
902 Broadway, 4th Floor
New York, 10010
Tickets are $30 a person and can be purchased at:
http://artinvestement.eventbrite.com/
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Audience Participation & Questions are encouraged
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Each event will conclude with a mix and mingle networking session where complementary cocktails, wine, and hors d'oeuvres will be served.
Seating is limited so interested attendees are encouraged to book tickets in advance.
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Complementary cocktails provided by MEDEA Vodka.
flawless wheat vodka in the world's first interactive bottle! http://medeaspirits.com/
Winner of the top honor of Double Gold medal at the prestigious San Francisco Spirits Packaging Competition, MEDEA allows you to write a heartfelt message on the bottle while experiencing the perfection of a pure, pot distilled wheat vodka from the world's first center of distillation excellence in Schiedam, Holland.
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Wine provided by Lieb Cellars.
Lieb Cellars is an eco-friendly vineyard based in New York's North Fork. Lieb Cellars produces two wine product lines: a "Reserve" line ofcellar-worthy, award-winning wines, and a "Bridge Lane" line of highly acclaimed, great value wines. For more info please visit here.
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Panelists Bio: October 19th
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Bill Powers is a Judge on Bravo's TV series Work of Art, a co-owner of Half Gallery in New York City and a co-founder of ExhibitionA.com, an online art site that commissions editioned prints.
Powers path in contemporary art first manifested itself in 1997 when he became the editor-in-chief of Blackbook magazine, where he remained off-and-on until 2005. He has also written about art and culture for other prominent titles including The New York Times, W, Paper, Vanity Fair, Muse, Details, and Purple Fashion, a magazine he occasionally still contributes to. Through his extensive editorial work, Powers has interviewed some of today's preeminent contemporary artists from around the world, including Damien Hirst, Jeff Koons, Kara Walker, Ed Ruscha, George Condo, Rashid Johnson, and John Currin.
Powers is an ardent art collector with an impressive collection of works by Alec Soth, Richard Prince, Elizabeth Peyton, Tom Sachs, Irving Penn, and Dana Schutz, among others. The first piece of art he ever bought was a photograph of ToeJam the Clown by Terry Richardson in 1998.
Powers is currently on the board of the non-profit RxArt, an organization that places contemporary art in hospitals and healing environments.
As a part of this panel series powers will discuss the value of investing in young contemporary artists and his experience as a writer, curator, and judge working with fresh talent.
For more information on Half Gallery please visit: http://halfgallery.com/
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Laura Martin is the President and Co-Founder of Exhibition A, an online art site that partners with top contemporary artists including Nate Lowman, Terence Koh, David LaChapelle, Josh Smith, Sean Landers, Richard Phillips, Kim Gordon, among others, to create accessibly-priced editions of work or "printsâ€. Exhibition A's mission is to foster a new segment of collectors by providing consumers with an entry point to the contemporary art market, while also supporting artists.
During this panel series Laura will speak about the digital space's impact on the contemporary art market and its collectors and touch upon some of the barriers to entry in the contemporary art market today. In addition, she will discuss how the internet can be used as a tool to break through those barriers to bring art to a broader audience.
For more information on Exhibition A please visit: http://www.exhibitiona.com/
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Sarah Mudge, Head of Part II Contemporary Art Sale for Phillips de Pury & Company.
Sarah Mudge has been a member of the ground-breaking Phillips de Pury & Company Contemporary Art Department since 2006. She works closely with private collectors, advisors and institutions and is in charge of the Contemporary Art Part II Day sales in New York, overseeing the successful May and November auctions. Previously, Ms. Mudge worked in the 19th century Paintings Department at Sotheby’s. She has undergraduate degrees in Classics, Art History and Italian Studies from Brown University and serves as a main auctioneer for the company.
For more information on Phillips de Pury & Company please visit: http://www.phillipsdepury.com/
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Brendan Dugan, founder of Karma Books and An Art Service, a graphic design and art direction company located in New York City, working in publications, branding and websites. Working with a variety of clients, including artists, institutions, galleries and brands, An Art Service aims to realize artistically-minded projects by setting collaboration as its guiding principle. With its reductive style, An Art Service offers clients a straightforward approach to design that foregrounds the aesthetic power of art and photography.
Since 2009, An Art Service has functioned as a book publisher specializing in limited-run artist publications. In keeping with the laconic inventiveness of artists' books of the 1960s and 1970s, An Art Service presents publications that astutely translate a particular theme or facet of an artist's practice into cleverly no-frills books. An Art Service is pleased to present a publishing program that ranges from artists books to monographs and exhibition catalogues, spotlighting both emergent contemporary practices as well the archival works of older artists.
For more information on An Art Service please visit: http://anartservice.com/
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Damsels in Design says "I highly recommend attending any of the upcoming “Art as Entrepreneurship†panels as they are educating, engaging, and accessible. General Assembly’s space is contemporary and inviting, and hosts an intelligent, edgy group of individuals who make up today’s most promising entrepreneurs."
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Hyperallergic quotes panelist Carter Cleveland of art startup Art.sy saying "For every household that buys fine art in US, there are 37 households with the same average income that don’t buy art."
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Please save the date November 9th for Tuxedo Park
Tuxedo Park is a solo show of paintings by Annika Connor held at Bungalow 5, a high-end contemporary furniture design company.
The exhibition titled Tuxedo Park brings together the decadent interiors of an era gone by with sumptuous landscapes from an imagined garden.
Playing off the name of the local Orange County village, Tuxedo Park harkens back to an idealized world while showcasing Connor’s interpretation of whimsical romanticism. Displayed in Bungalow 5’s opulent urban setting, this exhibition couples elegant modern furniture with Connor’s lush and nostalgic watercolor paintings.
To request more show information, or an invitation to attend the cocktail reception please contact press@bungalow5.com.
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If you have further questions or comments, please reply to this email to reach me directly or contact General Assembly here.
Thank you for your interest. I hope to see you all soon.
Cheers,
Annika Connor
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©2011 Active Ideas Productions | New York
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