This spring signed jewels and stunning gemstones take focus at Sotheby’s, Christie’s, and Phillips. Such an abundance of property on the market can cause buyer whiplash. Please join Senior Specialist and Director of Jewelry and Watches for The Fine Art Group, Kate Waterhouse, while she presents her ‘Top Picks’ from the spring season for New York’s Luxury Week and ‘Lots to Watch.’
DATE
- Friday, June 2nd – 1PM EST
LENGTH
- 30 minutes
FORMAT
- Zoom webinar
PANELISTS
Newsfeed image credit: Luxury Week, May-June 2023 | New York. Courtesy of Sotheby’s.
Philip Hoffman, Founder and CEO of The Fine Art Group, speaks with Artnet News about the Sotheby’s Modern Evening Auction results and discusses what this could mean for the future of the art market.
Click here to read the full article on Artnet News.
Full article
Newsfeed image credit: Auctioneer Oliver Barker coaxing bids from the rostrum at Sotheby’s on May 16. Courtesy of Sotheby’s.
Morgan Long, Managing Director of The Fine Art Group, spoke with Barron’s about what the low number of guaranteed works at significant spring sales may suggest about current collectors, dealers, and auction houses.
Click here to read the full article on Barron’s
Full Article PDF
Newsfeed image credit: Gerhard Richter’s 4096 Farben, part of the artist’s Color Chart series. Tristan Fewings/Getty Images for Sotheby’s.
Salma Shaheem, Director of The Fine Art Group’s Middle East Office, speaks with Spear’s Magazine about the growing interest in fractional art investment.
Click here to read the full article and more about fractional art investment.
Full Article
Newsfeed image credit: Pablo Picasso’s Les Demoiselles D’Avignon in the Museum of Modern Art in New York City. Image: Shutterstock. Courtesy of Spear’s.
Watch Our Advisory Team’s Latest Art Market Webinar
The Fine Art Group’s Advisory Team is pleased to invite you to our latest State of the Art Market webinar. Our advisors share expert insight on navigating the New York May auctions, highlighting their top picks from the season.
PANELISTS
The Fine Art Group is pleased with the impressive sale result for a rare book placed at Freeman’s auction house on behalf of a client. The book, The Transactions of the Royal Humane Society, is a piece from the personal library of the first President of the United States, George Washington.
From the Personal Library of President George Washington
1795
Freeman’s
May 3rd, 2023
Lot 158
ESTIMATE: $12,000 – $18,000
SOLD: $441,000
The book was estimated to sell for $12,000 to $18,000 but achieved a staggering price of $441,000. The Fine Art Group is committed to maximizing returns for its clients. The success of this sale demonstrates the potential for significant returns in the collectibles market, particularly when dealing with rare books and historically significant pieces.
OUR SERVICES
Offering expert Advisory across sectors, our dedicated Advisory and Sales Agency teams combine strategic insight with transparent advice to guide our clients seamlessly through the market. We always welcome the opportunity to discuss our strategies and services in depth.
Guy Jennings, Senior Director of The Fine Art Group, spoke with journalist Scott Reyburn of The Art Newspaper about a trend in the art market seen to be growing of art collectors being more interested in spending less on emerging artists than on paying premium prices for blue-chip artwork.
Read the full article at The Art Newspaper by following this link.
Full article here.
The Fine Art Group has made grand strides to grow dramatically over the past year. Following our successful expansion in the United States in 2021, the company has continued to increase international outreach and further consolidated its position as the global leader for collector services including Advisory, Art Finance, Sales Agency, Investment and Appraisals.
Beginning in January 2023, we announced an expansion into Asia through a joint venture with Patti Wong and Daryl Wickstrom. Patti Wong & Associates is a new Hong-Kong based art advisory firm that will focus on the most significant collectors in the region and service their needs across multiple categories. Along with this investment, we expect our partnership to create exciting opportunities in both the art and finance world for our existing and new clients.
Credit: Bonnie H. Morrison
After COVID-19 swept the nation, 2022 found strength again in the global art market as businesses began to once again bloom. Sotheby’s, Christie’s and Phillips repeatedly posted record breaking figures, and the two largest art fair franchises, Art Basel and Frieze, both opened successful new editions in Paris and Seoul, respectively.
TEN ART MARKET PREDICTIONS FOR 2023
1. Amidst macro-economic uncertainty, conservatism will prevail in the auction market with greater sobriety in the ultra- contemporary category.
2. Long overdue appreciation of female artists and artists of color in the market will continue, with galleries striving to represent older or deceased artists who have been historically underrecognized.
3. NFT’s will remain an intriguing value proposition for more adventurous collectors but with far stronger legal regulation and newfound insurance policies. The days of the ‘Wild West’ NFT world will dissipate.
4. Given the crash of cryptocurrency markets in 2022, auction houses and commercial galleries will step away from accepting cryptocurrency as payment and return to traditional purchasing currencies.
5. Confidence in the gallery sector will continue in the mid and upper tiers, with ongoing real estate expansion in Los Angeles, New York and Paris.
6. Another major gallery will ‘corporatize’ like Gagosian by adding creative power players in other industries to their boards.
7. More fairs like Masterpiece without clear value propositions will struggle and we expect further closures.
8. Single owner sales will continue to be the biggest revenue driver for auction houses.
9. Auction house consolidation at the lower levels will continue with Bonhams, Phillips or Rago / Wright announcing further acquisitions.
10. Overall, fine art auction sales volume will be lower than the total for 2022.
FURTHER READING
- Looking Forward: Ten Predictions for 2022
- What Will Collectors Buy in 2022?
- Market Update: How the Art Market Joined the Digital Age
Image 1: Credit: Bonnie H. Morrison; Image 2: Courtesy of Sow & Tailor; Image 3: Courtesy of Masterpiece London
Digue et lumières d’Ostende
1909
Christie’s
April 4th, 2023
Lot 22
ESTIMATE: EUR 300,000 – EUR 500,000
The Fine Art Group is delighted to have assisted a private client in bringing an artwork by Léon Spilliaert to the Impressionism & Modern Art Sale at Christie’s to be held on April 4th, 2023.
OUR SERVICES
Offering expert Advisory across sectors, our dedicated Advisory and Sales Agency teams combine strategic insight with transparent advice to guide our clients seamlessly through the market. We always welcome the opportunity to discuss our strategies and services in depth.
Four girls
1907-1990
Sotheby’s
April 6th, 2023
Lot 786
ESTIMATED: 350,000 – 450,000 HKD
For more information on how to register, please visit Sotheby’s by visiting here.
The Fine Art Group is pleased to have assisted a client in bringing a beautiful Affandi painting to Sotheby’s Modern Day Auction. Visit the link above for a rare video of Affandi working on this lively artwork.
“The present lot is a highly rare composition from the artist’s celebrated traveling series. Commissioned by the present owner’s father, who was introduced to Affandi by a mutual friend who was likely an Indonesian diplomat, Four Girls was painted in the summer of 1962 in Annapolis, Maryland.”
OUR SERVICES
Offering expert Advisory across sectors, our dedicated Advisory and Sales Agency teams combine strategic insight with transparent advice to guide our clients seamlessly through the market. We always welcome the opportunity to discuss our strategies and services in depth.