In 2020, the Brooklyn-based art collective MSCHF bought a Damien Hirst print for $30,000 and cut out each of its 88 spots, selling them for $480 apiece. It then auctioned off the leftover paper, retitled “88 Holes,” for more than $260,000. While cutting up and selling pieces of works of art remains the stuff of
Knowing where to start with investing in art is much like staring at a blank canvas. Where to begin? What colours, compositions, subjects? The world of creative investments is, after all, an incredibly subjective one; a market propelled by value judgements. Here, you will be capitalising on matters of the heart as much as of
Whether you like Mark Rothko’s large abstract paintings or not, there’s no doubt that they’re valuable. In 2012, a Rothko canvas fetched a record $87 million at auction. More recently, a collection featuring other American abstract expressionists, including one piece by Willem de Kooning and one by Jackson Pollock, set new records. The collection sold
and putting up a painting on the wall getty As inflation increases, some advisors see a silver lining in art as an alternative investment that is unaffected by the financial markets. As with many alternative investments, there are Private Equity Funds that are developing in the art market, such as Masterworks. Others are picking potential
The European Fine Art Fair, known as TEFAF, returns to Maastricht in June, 2022. Last year’s Fair was a virtual only event, while the 2020 event caused controversy after going ahead, only to have to close early as the coronavirus pandemic spread. TEFAF is renowned across the globe for producing the world’s foremost fair of
A blockbuster show at the Louis Vuitton Foundation, on the outskirts of Paris, has been seen by over a million people since it opened in November. Known as the Morozov collection, it includes paintings by Picasso, Gauguin, Renoir and Van Gogh, as well as some of Russia’s most renowned painters. The collection, which had never
On March 3, 1942, a special exhibition opened at the Pierre Matisse Gallery in the Fuller Building at 41 East 57th Street in New York City. Pierre, the youngest son of French painter Henri Matisse and the owner of the gallery, was an art dealer, specializing in modern and contemporary European and American artforms. While
From major art fund managers to alternative investment platforms, there are more ways to invest in art than ever before. These are some of the best art investment fund, whether or not you’re an accredited investor—there’s a way to invest in art that works for everyone. Artemundi Artmeundi is one of the best-performing international art
To determine whether blue chip art is a good investment we must look at the big picture. This means understanding the downsides of art as an investment before praising its benefits. First, the art market is largely unregulated, and the investment risks are similar to commodities in that they’re purely speculative. Secondly, making quick profits
Photo: Mark Niedermann The European Fine Art Fair (TEFAF) has announced the 91 exhibitors that will take part in its upcoming New York edition, scheduled to run at the Park Avenue Armory May 6–10, with a VIP preview day on May 5. This will be the fair’s first New York iteration since 2019, as TEFAF