LAFA et Wildgen ont le plaisir de vous inviter à la conférence : « L’authenticité de l’oeuvre d’art : du concept à la réalité du marché ». Suivie par une visite guidée de l’exposition Bubblelicious” par SUMO.
More that 60 guests attended the conference entitled a�?legal vehicles & structures to hold and invest in art a�?orgnized by LAFA during TEFAF on March 18th. The event was graced by the presence of Guy Arendt, Luxembourgish Secretary of State for Culture and several of his high ranking advisors.
Every year, the publication of the Tefaf Art Market Report by Arts Economics expert Dr. Clare McAndrew sets the standard for data used within presentations about the art market for the next 12 months. The statistics on art sales, regional divides and trends in commerce are very interesting.
Roman KrAussl, Thorsten Lehnert, and Nicolas Martelin from the Luxembourg School of Finance applied a new statistical method of detecting bubbles to over one million auction records from 1970 to 2014, focusing their research on the Impressionist and modern, post-war and contemporary, American, and Old Masters sectors of the market.
Could Anvers, Belgium, be making a name for itself among the international contemporary art capitals? Often referred to as the little country of great collectors, Belgium has once again proved that it is just that. Maurice Verbaet began collecting in the early 70s and he has just inaugurated his personal museum in the heart of Anvers.
The art market appears to be entering its cooling-off period. For the past six years, an influx of newly wealthy collectorsa��particularly from Chinaa��has pushed up prices for everything from Ming vases to Claude Monet, but now there are signs that the bidding paddles could come down hard.
The time is ripe for analyses, questions and predictions: Are artworks changing hands at higher prices than their real value? Has the bubble already returned? And will it burst? What impact will the uncertainty of the global economy have on the art market?
What is your wonderfully creative conceptual artwork worth without that flimsy, all-too-tangible certificate to authenticate it? In truth, nothing. Zero. Nada. Zilch. Conceptual art has the concept or idea at its heart; the media used to construct it is given secondary importance.
Between January and June 2015, an sales by public auctions worldwide generated 8.1 billion US dollars! the biggest markets for public auctions are the United States, the United Kingdom and China with France and Germany completing the top 5 (ref Arnet). Record sales occur on a regular basis. During their public auctions in London in February 2015, Sotheby's benefited from a strong market with masters of impressionist and modern art (Monet, Matisse, ToulouseA� Lautrec) where one sale reached 247.3 million Euros.
The Polygone Riviera on France’s Côte d’Azur is the latest shopping mall which not only features retail stores, but also exhibits contemporary art. t’s where the middle classes go on coffee dates, watch movies and spend their hard-earned cash on buying designer clothes and getting manicures. While shopping centres may be at the heart of contemporary consumer culture, these spaces are not usually synonymous with contemporary art. At least, not until now.
