"Forum of Russia 2012" Investing in art

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Troika Dialog: investing in art. Art-banking and
Art Finance
Friday, February 3, 14:30 -16: 00
"Troika Dialog: Investing in Art" - a round table discussion
contemporary art. During the discussion the key speakers
plan to highlight the international and Russian markets of art, and
also indicate their key players. Participants will be presented
conditions of the art market as well as practical tools for working with
him and on him.
Developments in Russia and the world
Due to the lengthy international trend to an increase in
well-being, along with the growth of knowledge about the art market
significantly increased the number of stakeholders in collecting
and investing in art. A number of securitized assets
acquisition of shares in such a way that individuals could have
equity fund designed to invest in art.
The attractiveness of investing in art also lies in its
low correlation with other asset classes. The Russians are showing
growing interest in the arts as a class of assets as well as to the source
for the indirect benefit, namely, getting into a particular social circle, and
acquisition of relevant links.

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Problems
As a rule, since art and antiques are a heterogeneous
goods, but an art monopolized by one owner, the
evaluation of art as an asset class problems: the objects
Art is not a long-term fixed rates, the ownership and
transaction costs are very high, and the art itself does not offer
cash dividends. Collecting Contemporary Art
Russia is a new trend in the market, which is open
there is only the last 20 years. Individuals and banks are only now
began to approach this global trend.

 Moderator
Vasily Bychkov
Director, Central House of Artists
Speakers
Backstein Joseph Markovich
Artistic director of the Moscow
Biennial of Contemporary Art
Valerie Blair
Gagosian Gallery
Blue Alex K.
Director, Troika Dialog
Aidan Salakhova
The owner, "Aidan Gallery»
Sviblova Olga L.
Director, Multimedia Art Museum, Moscow
Skaterschikov Sergey
Managing Director, Skate's Art Market
Research
Matthew Stevenson
Managing Director of Missions
Christie's in Russia
William Fletmo
Director of the private collection of contemporary
Arts, Christen Sveaas Art Collection, Oslo
Vasily Tsereteli Zurabovich
Executive Director, Moscow
Museum of Modern Art
Christine Shteynbreher
Art Director, Art Moscow, the International
Art Fair

Posted 12 minutes
MOSCOW, February 3 - RIA Novosti, Maria Ganiyants. Russian artists and
art market is poorly integrated into the global art market and are
at the periphery, according to the round table, which was held in
framework of the "Russia Forum 2012" on Friday.
At the round table "Troika Dialog: Investing in art. Art-banking and
art finance "experts discussed the problems of art education and
features of the Russian market.
"Art education - the
a weak component of the work of art
market, as the quality criteria and
professionalism of today is very blurred,
In addition, the Russian market and our
artists are poorly integrated into the global
art market, we are on the
periphery of the Western world, "- said one of the
panelists Commissioner Moscow
Biennial of Contemporary Art, Joseph
Backstein.
The round table was attended by Director of CHA
Vasily Bychkov, director of the "Multimedia Art
museum, "Olga Sviblova, Managing Director
Christie's representative in Russia by Matthew Stevenson and others.
With that in Russia there is a problem with training
Artists capable of creating high-quality contemporary art,
agrees and the owner of one of the oldest contemporary art galleries
in Moscow, "Aidan Gallery," Aidan Salakhova.
"My gallery receives about 20 - 30
portfolio every week, and qualitative
almost not: most of the scenery, or write
still life with flowers. We can somebody
select no more than once a year "- said
she said.
According Salakhova, galleries and relationships
artist in Russia, apart from the western circuit
as the absence of thorough national
legislation does not allow the gallerist
hedge against poor quality of the author.
"If I accept the Western model of working with
artist and say, I will do
several exhibitions a year. And he told me
provide a number of projects that
fail, and I will not be able to
implemented, the law is not
regulated. So I have with the artists -
gentlemen's agreement "- she explained.
The head of Sotheby's Russia and the CIS Mikhail Kamensky
decided to contribute to the improvement of
education in the arts and announced
two-year joint project of Sotheby's and
Higher School of Economics, who will prepare
specialists in art history and
art market.
Roundtable participants also discussed the issue of
that moves as collectors and
investors to invest in art.
The founder of Skate's Art Market Research,
recently bought 70%of the fair of contemporary
Art Viennafair, Sergei Skaterschikov noted
that in the construction of investment portfolios
recent years, more and more involved in things
art, because they have protective
qualities and are able to maintain capital
conditions of strong volatility in the markets. "For private investors
investing in art is a very important question: the idea of ​​investing in
Art has a very extensive development. The most expensive items
art of growing up in a good price, especially at a time when everything else
falls, "- he added.
Skaterschikov noted that most investment strategies in the
Art is personal and focused on "branding"
people. "It's a matter of what you leave behind, as will be
to position your name in your country or your city. But in our
country's brightest people are afraid to raise a flag and a branded
prefer abroad "- he admitted.
On the globalization of the art market managing director
Christie's representative in Russia, Matthew Stevenson, who noted
that by the end of last year, online auctions, the activity of participants
reached 30%.
In general, the panelists agreed that the need for more
working closely with artists and collectors of art
institutions, museums, galleries, fairs, which will help
collectors and investors to better understand the subject.