auctions   2073

« earlier    

For a Major Disney Collector, It’s the Magic Hour - The New York Times
PetSmart and a Ross Dress for Less in the busy-by-day neighborhood of Sherman Oaks, now stands a 48-foot-long sea serpent, a talking macaw with a Mexican accent, and a temporarily grounded 800-pound flying fiberglass elephant.

These colorful curiosities and hundreds more are part of a temporary exhibit called “That’s From Disneyland!” All of them (even the Country Bear Jamboree postcard machine and the triangular Tinker Bell parking-lot sign) belong to one man, Richard Kraft, who has been amassing big-ticket Disneyland-related objects for 25 years.
news  nytimes  disney  disneyland  disneyana  auctions  collections  on:nytimes.com  2018-08 
2 days ago by xr
Boom amid the bust: 10 years in a turbulent art market | Financial Times
July 27, 2018 | FT| by Georgina Adam.
September 15 2008, the date of Lehman Brothers' bankruptcy filing, was also the first day of a spectacular gamble by artist Damien Hirst, who consigned 223 new works to Sotheby’s, bypassing his powerful dealers and saving millions by cutting out their commissions........The two-day London auction raised a (stunning) total of £111m.......o the outside world, though, the Hirst auction seemed to indicate that despite the global financial turmoil, the market for high-end art was bulletproof....in the wake of the Hirst sale, the art market took a severe dive.... sales plunging about 41% by 2009, compared with a market peak of almost $66bn in 2007. Contemporary art was particularly badly hit, with sales in that category plunging almost 60 % over 2008-09. Yet to the surprise, even astonishment, of some observers, the art market soon started a rapid return to rude health...the make-up of the market has changed. The mid-level — works selling between $50,000 and $1m — has been sluggish, and a large number of medium-sized and smaller galleries have been shuttered in the past two years. However, the high-performing top end has exploded, fuelled by billionaires duelling to acquire trophy works by a few “brand name” artists....A major influence on the market has been Asia....What has changed in the past 10 yrs. is what Chinese collectors are buying. Initially Chinese works of art — scroll paintings, furniture, ceramics — represented the bulk of the market. However, there has been a rapid and sudden shift to international modern and contemporary art, as shown by Liu and other buyers, who have snapped up works by Van Gogh, Monet and Picasso — recognisable “brand names” that auction houses have been assiduously promoting......Further fuelling the high end has been the phenomenon of private museums, the playthings of billionaires....In the past decade and even more so in the past five years, a major stimulus, mainly for the high end, has been the financialization of the market. Investment in art and art-secured lending are now big business....In addition, a new layer of complexity is added with “fractional ownership” — currently touted by a multitude of online start-ups. Often using their own cryptocurrencies, companies such as Maecenas, Feral Horses, Fimart or Tend Swiss offer the small investor the chance to buy a small part of an expensive work of art, and trade in it.....A final aspect of the changes in the market in the past decade, and in my opinion a very significant one, is the blurring of the art, luxury goods and entertainment sectors — and this brings us right back to Damien Hirst....Commissions are probably also lucrative. E.g. a Hirst-designed bar called Unknown was unveiled recently in Las Vegas’s Palms Casino Resort. It is dominated by a shark chopped into three and displayed in formaldehyde tanks, and surrounded by Hirst’s signature spot paintings. Elsewhere, Hirst’s huge Sun Disc sculpture, bought from the Venice show, is displayed in the High Limit Gaming Lounge. ...So Hirst neatly bookends the decade, whether you consider him an artist — or a purveyor of entertainment and luxury goods.
art  artists  art_finance  art_market  auctions  contemporary_art  crypto-currencies  Christie's  dealerships  entertainment  fees_&_commissions  fractional_ownership  high-end  luxury  moguls  museums  paintings  Sotheby's  tokenization  turbulence  Damien_Hirst  top-tier 
24 days ago by jerryking
How Financial Products Drive Today’s Art World
July 20, 2018 | The New York Times | By Scott Reyburn.

How does one invest in art without going through the complications of buying and owning an actual artwork?

That is the question behind financial products for investors attracted by soaring art prices but intimidated by the complexity and opacity of the market..... entrepreneurs are trying to iron out the archaic inefficiencies of the art world with new types of financial products, particularly the secure ledgers of blockchain...... “More transparency equals more trust, more trust equals more transactions, more transactions equals stronger markets,” Anne Bracegirdle, a specialist in the photographs department at Christie’s, said on Tuesday at the auction house’s first Art & Tech Summit, dedicated to exploring blockchain......blockchain’s decentralized record-keeping could create a “more welcoming art ecosystem” in which collectors and professionals routinely verify the authenticity, provenance and ownership of artworks on an industrywide registry securely situated in the cloud...... blockchain has already proved to be a game-changer in one important area of growth, according to those at the Christie’s event: art in digital forms.

“Digital art is a computer file that can be reproduced and redistributed infinitely. Where’s the resale value?”.....For other art and technology experts, “tokenization” — using the value of an artwork to underpin tradable digital tokens — is the way forward. “Blockchain represents a huge opportunity for the size of the market,” said Niccolò Filippo Veneri Savoia, founder of Look Lateral, a start-up looking to generate cryptocurrency trading in fractions of artworks.

“I see more transactions,” added Mr. Savoia, who pointed out that tokens representing a percentage of an artwork could be sold several times a year. “The crypto world will bring huge liquidity.”......the challenge for tokenization ventures such as Look Lateral is finding works of art of sufficient quality to hold their value after being exposed to fractional trading. The art market puts a premium on “blue chip” works that have not been overtraded, and these tend to be bought by wealthy individuals, not by fintech start-ups.....UTA Brant Fine Art Fund, devised by the seasoned New York collector Peter Brant and the United Talent Agency in Los Angeles.

The fund aims to invest $250 million in “best-in-class” postwar and contemporary works,...Noah Horowitz, in his 2011 primer, “Art of the Deal: Contemporary Art in a Global Financial Market,”.... funds, tokenization and even digital art are all investments that don’t give investors anything to hang on their walls.

“We should never forget that in the center of it all is artists,”
art  artists  art_advisory  art_authentication  art_finance  auctions  authenticity  best_of  blockchain  blue-chips  books  Christie's  collectors  conferences  contemporary_art  digital_artifacts  end_of_ownership  fin-tech  fractional_ownership  game-changing  investing  investors  opacity  post-WWII  provenance  scarcity  tokenization  collectibles  replication  alternative_investments  crypto-currencies  digital_currencies  currencies  virtual_currencies  metacurrencies  art_market 
29 days ago by jerryking
Antique Shows | Art Auctions | Flea Markets - Antiques & The Arts
Estate sales all over, once in a while, there is one held in Linden, like this one:

https://www.antiquesandthearts.com/events/?event_id=10135
Held at 1416 East Linden Ave, Linden, NJ

The name of the place in Linden is Time and Again Galleries:

http://TimeAndAgainGalleries.com/
to-do-before-you-die  art  auctions  auctions-estate 
11 weeks ago by daguti

« earlier    

related tags

1964  2017  2018-08  2018  4k  700mhz  @scale  ad-networks  advertising  advertising_agencies  advertising_networks  africa  african-americans  algorithmic-imprints  algorithms  alternative_investments  antique  antiquities  art  art_advisory  art_authentication  art_finance  art_market  artists  aston  attention  aucions  auction  auctions-estate  authenticity  auto  automobile  banners  bargains  battersea  bears  best_of  bid  bidding  bids  bitcoin  blockchain  blockchains  blog  bloodstock  blue-chips  bond  bookmarks  bookmarks_bar  bookmarks_toolbar  books  breeding  brent-skorup  business  businessmodels  buy  c64  canada  car  cars  ceramics  christie's  christie’s  christopher_mims  classifieds  collectibles  collections  collectors  conferences  connery  consignment  contemporary_art  creditcards  crypto-currencies  currencies  damien_hirst  data  db5  dc:creator=lanchesterjohn  dctagged  dealerships  detection  digital_artifacts  digital_currencies  disney  disneyana  disneyland  domains  downsizing  drones  dropit  duopoly  dynamic-programming  e-commerce  ebay  ebayus  economics  emotion  end_of_ownership  entertainment  estate  experian  facebook  fakenews  famous  fans  fees_&_commissions  filterbubble  fin-tech  forbes  fractional_ownership  from  furniture  gadgets  game-changing  giftideas  gifts  giftsfor  giftsforher  giftsforhim  giraudrene  glassware  goethe  google  government  guardian  happiness  heritage  high-end  high_net_worth  history  home-decor  horseracing  hotdeals  identity  ifttt  in  index  informed_consent  insane  inspiration  intrinsic_value  inventory  investing  investors  ipo  islamic.art  jacobite  jamaica  james  john_minton  jussi_pylkkanen  lbma  lelands  liquidation  liquidity  literature  live  liveauctions  location_based_services  lock  london  lrb  luxury  manipulation  martin  materialculture  mentalhealth  metacurrencies  mimeticdesire  misinformation  mobile_applications  moguls  monetisation  monopoly  most  museums  news  nigeria  nytimes  of  on  on:nytimes.com  online  online_advertising  opacity  outsider_art  painting  paintings  paper  park  pdf  personaldata  portugal  portuguese  post-wwii  pr  pricing  privacy  programmatic  provenance  psychology  puerto  real  replication  resale  research  returns  rico  ripple  riyadh  rm  rubiconproject  runs  russia  safavid  sales  sales_tactics  scarcity  scoreboards  sean  seo  setaside  shasta  shop  shopping  socialmedia  sotheby's  sothebys  spectrum-auctions  spectrum  sports_memoribilia  stadium  stands  stocks  surplus  surveillance  surveillancecapitalism  sweden  symbolism  tanzania  targeting  techcrunch  technologyliberationfront  telegraph  texas  that  the  thielpeter  tip  tips  to-do-before-you-die  to-do-nj  tokenization  tools  top-tier  tracking  trading  trains  travel  trumpdonald  turbulence  twitter  uas  ultrahd  unique  unitedstates  university  ut  vehicles  video  virgin  virtual_currencies  watches  weather  web-design  web  woodworking  wordpress  world  xrp  zuckerbergmark  | 

Copy this bookmark:



description:


tags: