Prices for contemporary art

[Peter]

Сообщение от Cyril Syzransky

So you can and have to buy the artists themselves.

You can of course, if you know what and from whom, and where?

[mihailovoh]

Cyril Syzransky,
Not skromnichayte.razbiraya lots of auctions or offers to pay any prodazham.Vy vnimanie.na decent and adequately evaluated raboty.Delo of the buyer. Take or not.

[dollar]

I know that the world has three whales and one whale makes its function to raise prices or not shorter image

[klimvor]

An artist of genius is when he will pay more for Granny or before?

[Peter]

The genius of the artist (which is genius, and not under the untwisted genius), the fastest rate other artists who are ryadom.Eto always catches glaza.Vspomnite Vrubelya.Esche Soutine, Modigliani, when they have no pokupal.Vot yet our genius almost forgot -Fyodor Vasilyev.

[Черномашенцев Владимир]

The high price and genius - two things are often incompatible.

The high price of modern art can pay rich collectors or investors. Often they are not seeking work, using the work of assistants, art dealers. The facilitators work more interesting to sell expensive - the percentage of profit above. It is easier to sell well-known names, the constant flickering in the press and on TV, regardless of an episode ("That if he had stolen something, if he had stolen ..."). This is logical and understandable. Also themselves rich buyers often simply do not believe in the possibility to buy cheap good things, if they evaluate the artistic (not investment) perspective. Just as this rich buyer does not understand that you can buy a car cheaper than 100 thousand euro to or giving a 100 km. from Moscow. But high salaries do not always guarantee a high culture. So often wound "bubble", especially when talking about contemporary art. Naturally, my words are not appropriate for the recognized masters of the time.

Look - there are tens and hundreds of thousands of contemporary artists. Of them, hearing and are sold at Western auctions only a few dozen. What do the rest - sucks? And the best contemporary artist - is widely known for different reasons, completely unrelated to art, Nikas Safronov?

All of the acknowledged masters in his time were young and inexpensive. Who bought them? We bought the ones who could not buy expensive work, and who were able to estimate the real charm and skill of an unknown artist.

[klimvor]

Here is our genius, almost forgot, Fyodor Vasilyev.

As for F. Vasilyev, two hands!

[artcol]

Сообщение от Chernomashentsev Vladimir

Look - there are tens and hundreds of thousands of contemporary artists. Of them, hearing and are sold at Western auctions only a few dozen. What do the rest - sucks?

Well there mb a dozen other did not reach the level of recognition of their market artists. And the rest - do not suck, of course, but their works, we at Sotheby's and Christie will never see it.

[Черномашенцев Владимир]

Сообщение от artcol

Well there mb a dozen other did not reach the level of recognition of their market artists. And the rest - do not suck, of course, but their works, we at Sotheby's and Christie will never see it.

Well, God bless him, with those Sotheby's, Christie's. "Could we came to those of Tahiti, our home and well fed" (from the famous cartoon).
I think that most people on this topic of interest rates is not rare to "exchange" and popular artists, namely, the bulk of a more modest price tags.

By comparing the potential earnings on investing in art, let me give you the information that I received on April 29 at a seminar in ArtInvestment. Their site is an interesting figure, like a stock index. ARTIMX-RUS shows the average profits earned by investing in the Russian art (including graphics and painting). So, the beginning of 2001 has become embedded thousand rubles at the peak in early 2008 at about 2500 rubles. Profit for seven years was 150%. It should be borne in mind that later during the crisis, the index fell to 1700 units. Is it much or little? A similar investment index for Western Art Artist's ARTIMX increased over the same period from 1000 to 1500, ie investments in Western art has been significantly less profitable in comparison with Russian. What is surprising, since there was a boom in Russian art.
   
Now let banking conditions:
if you put money on deposit at the bank rubles for seven years, during this period at an annual yield from year to year: 15%, 15, 14, 14, 13, 13, 13%, we get the same 2500 rub. But without any risk! I considered the real interest rate on deposits at the moment, given the anticipated decrease in rates, but do not take into account the capitalization. Let me remind you that the deposit up to 700 thousand rubles are fully insured by the State.

But the yield on bank deposit do not compare with the yield obtained for the same time on the Russian stock market. RTS index over the same period from the beginning of 2001 to early 2008 rose from 250 to 2500! The increase amounted to 900%! As can be seen, the returns on stocks are far higher average returns on art.

You can argue that some artists have risen very seriously. Well, well. Some people are lucky and someone on this very strongly earned. Another (the bulk of investors) are not lucky, and people either earn very little for the arts, or lost their money. And do not be too happy to listen carefully the stories of those who are incredibly lucky. Much the same can be said about the action: some shares grew better market average, some - worse. On average, we got those figures that I quoted.

All these figures are easily verified.

SUMMARY.

1) Earn Money in the stock market is much easier than on the art market.

2) There are many mutual funds that will invest the money. Of course, there is not so perfect as we would like. But, unlike the art-business, mutual funds work very well regulated by the state - get on the scam is almost impossible. There is a risk of losing out on a falling share prices, as there is a risk of losing out on cheaper prices of paintings at the time of crisis.

3) The service mutual fund is much cheaper than the service art dealer, and is no more than 1%.

4) Taxes also lower, stocks are no fakes.

I think, that we must earn in other places other than the art market: more profitable, easier, safer. And the images have to buy just for fun. Група only people who can definitely make good money at investment myths about art - it auctions, galleries and art dealers. That they tell of those lucky ones who have earned a lot of money on the art market. As well as artists, but to a much lesser extent. Unfortunately.

[Кирилл Сызранский]

Here, in May, will be sold at Sovkome etude Stozharau:
http://sovcom.ru/index.php?category=...04&auction=142
And a comment:

Сообщение от dedulya37

Since the sale of the family in March 2001, has an investment component 954 - 1273%.

Добавлено через 13 минут
Here's another example.
This thing was Kustodieva proodana in the year to Macdougall Arts Ltd. for GBP 400,000(EUR 465,280 - USD 653,880 - GBP 400,000 Hammer price).

But 10 years ago in 1999, the same thing was bought at Sotheby's for GBP 9,000(EUR 14,041 - USD 14,609 - GBP 9,000 Hammer price).

I'm not counting the%%selenium, who wants to-it-yourself and calculate sraznymi funds, deposits compare.