Tag Archive | "International Art"

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Your Collection 1800 – today


In an exciting new presentation, Your Collection has been displayed chronologically and traces art made in the early nineteenth century, locally and around the world, to the art of today. Your Collection 1800 – today brings together an extraordinary group of over 450 Western Australian Indigenous and non-Indigenous, national and international art, craft and design from the State Art Collection. An ongoing exhibition at the Art Gallery of Western Australia.

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Art Stage Singapore 2012 round up: Sales slow, coverage listless


CONTEMPORARY ASIAN ART FAIRS ART MARKET

From 12 to 15 January, the Marina Bay Sands Convention and Exhibtion Center hosted the second annual Art Stage Singapore, organised by Art Basel and Art Basel Miami founder Lorenzo Rudolf. The fair, which saw around 31,000 visitors, included 133 galleries representing 19 countries and over 600 artists.

"We Are Asia" was the much-touted theme of Art Stage Singapore, and this was reflected in the fair's curatorial outlook.

"We Are Asia" was the much-touted theme of Art Stage Singapore, and this was reflected in the fair's curatorial outlook.

Surprisingly little ink has been spilled over the commercial results of the fair, with much of the coverage focusing on the event’s organisation and creative direction instead of trends or sales results. Lorenzo Rudolf, in particular, has been working hard in recent weeks to build Singapore’s public relations profile, billing the city as a hub for contemporary art in Asia. In the wake of Art Basel’s parent company, MCH Swiss Exhibition Group, acquiring the Hong Kong International Art Fair (reactions to which were collected by Art Radar back in June 2011), Art Stage Singapore looked to distinguish itself as a more local, artist-driven event. As Rudolf states,

In contrast to other art fairs in Asia, Art Stage Singapore is not a copy of a Western show, but Asia’s necessary top event with its own strong (Asian) identity. We have the clear target to support and to defend the interests of Asian artists and galleries by elevating them to a level of international importance. Therefore, the heart of the fair will be the best and most exciting of Asia’s artistic creativity. And in contrast to other art fairs in Asia, Art Stage also puts the art in a context – the main criteria for the fair are not trends and easy sell-ability. On the one hand, we showcase the art in an Asian context, on the other hand, we showcase the art in an artistic context, by supporting many very impressive special projects and presentations.

Chief Executive Officer and Director of Art Stage Singapore, Lorenzo Rudolf.

Chief Executive Officer and Director of Art Stage Singapore, Lorenzo Rudolf.

As the reports have trickled out (and trickled they did), many commentators have noted that there was a predominance of South and Southeast Asian art in the 2012 edition of the fair.

 There’s a palpable Asian (if not Southeast Asian) feel to the whole proceedings. The Indonesian galleries are out in full force, the Chinese galleries are presenting some unusual work, and the Singapore presence is rather impressive: a prominent space is given to the local showcase “Island Allegories” (featuring Zhao Renhui, Betty Susiarjo and Ng Joon Kiat), Richard Koh Fine Art’s mini-room of Vertical Submarine’s cheeky text-based works is classy, ditto 2902 Gallery’s Zhao Renhui solo.

Mayo Martin, journalist for TODAY

I sense a more distinct Asian, in particular Southeast Asian, identity. The themes are relevant to the region and it feels less like a generic kind of fair.

Singapore-based critic and curator Iola Lenzi

Much of the media coverage of the event has centered on Singapore’s bid to become an art mecca for the greater Asian region. The Faster Times recently reported on the Singaporean government’s efforts to build the physical and institutional infrastructure necessary to sustain a contemporary art hub. In a similar vein, The Wall Street Journal discussed Gillman Barracks, a colonial military compound-cum-gallery space slated to open on 13 May 2012.

An artist rendering of Singapore's soon-to-be gallery district, Gillman Barracks.

An artist rendering of Singapore's soon-to-be gallery district, Gillman Barracks.

With all this talk of branding and regional posturing, Art Radar was surprised by the lack of on-the-ground reporting to be found on Art Stage Singapore itself. What was published, at least in the online world, was mixed. While the fair started out strong with an invitation-only viewing that saw the sale of work by many Singapore artists, some journalists noted lagging sales as the event went on.

ArtStageSingapore_Twitter1

LuxArtAsia noted, with little optimism, that despite many comments on the higher quality of the works in 2012, collectors just were not buying. They considered several possible explanations for such weak sales including the success that various auctions held towards beginning of the fair saw, poor timing (with the Chinese New Year holiday period on the horizon and the Taiwanese presidential elections wrapping up on 14 January) and a recent collectors’ trip to Jogya in Indonesia that may have been the cause of some tight purse strings. Apparently some Chinese galleries are even considering a petition to refund the steep rental fee.

We are definitely feeling the insecurity in the art market as collectors have been holding back on major sales. We have seen some big and important sales but they have not been enough.

Lorenzo Rudolf

He Xiangyu, 'The Death of Marat', 2011, plastic, fiberglass and human hair. The work is a tribute to the artist's compatriot, Ai Weiwei.

He Xiangyu, 'The Death of Marat', 2011, plastic, fiberglass and human hair. The work is a tribute to the artist's compatriot, Ai Weiwei.

Filipino artists were reported to have a strong turnout at the fair, and art works from this country also appear to have sold well.

ArtStageSingapore_Twitter2

The biggest sale of the weekend was Gerhard Richter’s Abstraktes Bild (Abstract Series 871-1). The painting was bought by a local buyer from Galerie Michael Schultz for 1.2 million euros (SGD2 million). Art Stage Singapore reported on other sales highlights for 2012 in a recent press release:

    • Haunch of Venison sold a number of Gonkar Gyatso works including the Dissected Buddha (2011) for USD200,000 (SDG260,000), as well as an undisclosed piece for USD400,000 (SDG518,000).
    • Gajah Gallery sold two paintings by I Nyoman Masriadi for USD350,000 (SDG453,000).
    • Linda Gallery sold a work by Indonesian artist Srihardi Soedarsono for USD232,000 (SDG300,000).
    • De Sarthe Gallery sold a few sculptures by Bernar Venet for USD100,000 (SDG130,000).
    • Galerie Perrotin sold MR’s Desktop of My Mind (2011) for USD240,000 (SDG311,000).
    • Galerie EIGEN + ART sold Nervositat by Martin Eder for USD86,000 (SDG112,000).
    • ESLITE Gallery sold a Wong Hoy Cheong work for USD88,500 (SDG115,000).

 

Gerhard Richter, 'Abstraktes Bild (Abstract Painting, 871-1)', 2001, oil on canvas.

Gerhard Richter, 'Abstraktes Bild (Abstract Painting, 871-1)', 2001, oil on canvas.

We will leave with a walk through of the highlights of the fair in a video by VernissageTV.

 

Were you at Art Stage Singapore in 2012? If so, leave us a comment below. We would love to publish the first-hand opinions of those on the ground.

PR/KN

Related Topics: contemporary art fairs, art fair and other round ups, connecting Asia to itself, Singapore art events

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Funding: The Henry Moore Foundation Research Fellow


The Henry Moore Foundation Research Fellow

Tate Research Department, Millbank, London

Image via http://www.tate.org.uk/collections/moore/

Salary: £27,150 – £29,500 per annum, depending on the candidate’s skills and experience
Hours: Full time
Contract Type: Fixed term for two years.

The Research Department at Tate aims to develop the museum’s research potential, and in-depth research into the collection plays a key role in this. Tate has world class holdings of the works of the British sculptor Henry Moore, and together with The Henry Moore Foundation we are looking for a scholar to lead a programme of research into our Moore holdings and to stimulate new thinking about this pioneer of modern sculpture through online publications, research events, and displays.

With research experience in the field of modern British or international art and knowledge of the work of Moore or his contemporaries, you will lead an in-depth research project and help frame the vision for an online scholarly site. In particular, you will be responsible for preparing detailed catalogue entries on Moore’s sculptures at Tate. You will liaise with a range of scholars in the field and organise research events. You will also contribute proposals for displays of Moore’s works at Tate, and undertake associated curatorial tasks. You will have excellent research, writing and interpersonal skills, as well as an ability to manage projects.

Contact details/How to apply:

Please visit: www.tate.org.uk/about/workingattate/ to create an account by registering your details or if you are an existing user, log into your account. For all opportunities, we ask candidates to complete an online application form for the vacancy they are interested in. If you need an application form in an alternative format, please call us on 020 7887 4997. Once you have submitted your application, you can keep track of its progress by logging in to your account.

Closing date: 22 January 2012 by midnight.

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Shows Around the World: From Apichatpong Weerasethakul to Günther Förg, 8 Weekly International Art Picks


by Alanna Martinez
Published: January 4, 2012

LOS ANGELES

Gusmano Cesaretti at Roberts & Tilton, 5801 Washingon Blvd., Culver City, Opening January 7

Pacific Standard Time continues into the New Year at Roberts & Tilton with a time capsule of photographs of the vibrant and dynamic East Los Angeles of the 1970s. An immigrant himself, Cesaretti provides an intimate and uncensored perspective with which to view the population of the East Side. Event Link

Ingrid Calame’s “From the LA River to the Lackawanna” at Susan Vielmetter Los Angeles Projects, 6006 Washington Blvd., Culver City, Opening January 7

Contemporary artist Ingrid Calame uses the Renaissance technique of pounding to transfer her colorful trace marks from an LA River graffiti palimpsest onto the wall of the gallery. Event Link

PARIS

Richard Serra’s “Drawings” at Gagosian Gallery, 4 Rue de Ponthieu, Paris, Through January 7

While most may know him as art’s “Man of Steel,” Serra transfers his understanding of space and physics to paper and canvas in “Drawings.” While his steel sculptures create sensations of vertigo, his drawings heavy and monochromatic, but not overwhelming. Event Link

Tadashi Kawamata’s “Under the Water” at Kamel Mennour, 47 Rue Saint-André des arts, Paris, Through January 28

A massive wave of wooden planks hovers over the gallery entrance, leading people from the street into the space with a disorienting feeling, as if just swimming under the surface of water. Created by Japanese artist Tadashi Kawamata in the wake of the Tsunami that hit Japan this year, his installation is haunting and serenely meditative. Event Link

NEW YORK

Enrico Castellani’s “Castellani E Castellani” at Haunch of Venison, 1230 Avenue of the Americas, 20th Floor, New York, Through January 7

With curving corners and perforated canvases, Enrico Castellani creates perceptual variations on angles with the 12 painted armatures dating 1960-1965, from his “Angolare” series. New work from the artist compliments his iconic pieces in black, red, and white monochromes, playing with with the architecture of the gallery and the painted metallic surface of the work itself. Event Link

BERLIN

Günther Förg at Galerie Max Hetzler, Oudenarder Straße 16-20, Berlin, Through January 28

“Ika” stands at the center of this exhibition, welcoming visitors with a soft but penetrative black-and-white stare in Förg’s 1987 seminal photograph. Balancing her portrait is “Untitled” (1990), and a single mirror juxtaposed with the rationalist architecture of his “Citta Universitaria” (1990) series. Event Link

CHICAGO

“Rough, Blurred, and Out of Focus: Provoke Magazine and Postwar Japanese Photography” at the Art Institute of Chicago, 111 South Michigan Ave., Chicago, Through February 27

The pivotal time between the bombing of Hiroshima and the American occupation of Japan laid the groundwork for artists Takuma Nakahira, Yukata Takanashi, and Daido Moriyama to create some of the most captivating documentary images of the region. Their work, along with Shomei Tomatsu and the VIVO collective, were the basis of the underground “Provoke Magazine.” Event Link

BEIJING

Apichatpong Weerasethakul’s “For Tomorrow For Tonight” at Ullens Center for Contemporary Art, 798 Art District, No. 4 Jiuxianqiao Lu, Chaoyang District, Beijing, Through February 10

Thai film director Apichatpong Weerasethakul tackles the intangible subject of nighttime with his camera lens. He blends all that occurs after dark in a narrative of dream, quiet, sleep, and stillness. Event Link

 

 

 

 

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Slideshow: Images From 9 Weekly International Art Picks


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Fingerprinting in Sydney


by Jeremy Eccles
Published: December 16, 2011

 

Rafael Lozano-Hemmer is urgently encouraging me to stick a finger in the hole in the gallery wall to have my finger-print recorded, my pulse added, and the throbbing result transmitted to screens around the walls. The problem is, he needs 10,952 finger-prints – of ever-diminishing scale, down to life-size – to fill the room. On current estimates, it’ll take until February! And the show closes on 12th Feb!

 

 

 

It’s all a bit silly; participatory fun for the summer crowds brought into the Museum of Contemporary Art for the city’s Sydney International Art Series, which also includes a serious Picasso show from the rival Art Gallery of NSW, on loan from the Musee National Picasso in Paris.

 

But hang on! Finger-printing is also a Homeland Security issue, with just a hint of Orwell’s Big Brother isn’t it – not just fun. What plans does the Mexican/Canadian artist have for my finger-prints – or my facial images, my voices, my pulses or anything else he’s recorded in this, his first solo show in Australia? For, even in Lozano-Hemmer’s more serious works, like Seismoscope 2, there’s only the illusion of control offered to participants. In virtually every work, your image or voice will drop off the end of the line at some time, which should alert viewers to their fugitive nature of their contribution. That’s the very essence of the recursive algorithms and fractals which the artist and his team of 11 artist/technicians are so comfortable with.

 

New to the world in Sydney are Voice Array and Tape Recorders, while much else in Recorders was first seen at Manchester Art Gallery a year ago. The former work translates my voice into flashing lights that push previous voices out along a wall, one unlucky player – the 288th - falling off the end. The latter offers two walls of motorised measuring tapes that climb up the wall when someone stands in front of them. When each reaches its full 3 metre extent, it crashes to the ground.

 

While the kid in me is having fun here, though, a cumulative account is being made of how long people stay with the artwork – a low-tech version of David Walsh’s ‘O’ machine that counts time and response to each of his artworks at the Museum of Old & New Art in Hobart (where, incidentally, Lozano-Hemmer’s Pulse Index is in the collection).

 

“The past and the present are co-existing in the same space”, says the artist seriously. “I enjoy giving the spectator a pre-eminent role, which will hopefully displease the curatorial and critical elites who believe that most visitors are morons. Technology is inevitable; the best we can do is pervert it, and create connective, critical or poetic experiences to make it evident”.

 

Recorders is on at the MCA in Sydney until 12 February.

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India Art Collective versus VIP Art Fair: Internet fair compare


INTERNATIONAL ART FAIR SELLING ART ONLINE

The first India Art Collective online art fair, held from to 19 to 26 November 2011, has drawn to a close. Art Radar reviews the successes and the pitfalls of selling art online while also looking at how this newer initiative compares to 2011′s VIP Art Fair.

Abhishek Hazra, 'The laws change after every seven feet thereby forcing you to pause and adapt yourself to the new laws.', 2006, Ultraviolet ink on aluminum, composite pane. Image courtesy GALLERYSKE; provided by India Art Collective.

Abhishek Hazra, 'The laws change after every seven feet thereby forcing you to pause and adapt yourself to the new laws.', 2006, ultraviolet ink on aluminum, composite pane. Image courtesy Gallery SKE; provided by India Art Collective.

Selling art online in India

India has been selling art online for more than ten years, since online auction house and art resource Saffronart was first established in 2000. According to Saffronart, in 2005 they were responsible for 35 percent of the USD51 million in revenues from Indian art auctions, much of which was driven by online sales. In an interview with ARTINFOSaffronart co-founder Dinesh Vazirani said,

We started Saffronart with the premise in mind that you want to fuse technology along with the art and create something online that will allow people to have reference points, to have images, have prices, have information, and make the whole process of buying online easier.

Complimenting this outreach to new buyers through online mediums is the upward trend of internet usage and access in countries like India. A report in 2010 by the Boston Consulting Group anticipated a drastic increase in internet usage in India, Indonesia, Russia, China and Brazil, raising the number of users to 1.2 billion by 2015. The figures suggest that this is a quickly growing area that will effect online user trends.

Given the size and diversity of a country like India, it is not surprising that art vendors are turning to online channels to reach beyond the established art fair hubs of Mumbai and New Delhi. The ability to target online buyers is also facilitated by a growing middle class in India who have the capacity to purchase works. For Saffronart, the buyers of Indian origin (within India as well as the Indian diaspora) consist of 85 percent of the buyers.

What is the India Art Collective?

While the name brings to mind a grass-roots collection of artists, India Art Collective is in fact an online fair. Held for the first time in November 2011 and planned as a biannual event, the concept behind the fair is to provide an open platform that is accessible to a wide audience and is a cost-efficient alternative to the traditional, physical art fair format. Some of the galleries that participated in this first edition included Chemould Prescott RoadNature MorteGallery SKESakshi GalleryVadehra Art GalleryApparao GalleriesAkar PrakarPaletteLatitude 28Tao Art GalleryThe GuildExperimenter and Kashi.

Inside the India Art Collective, an online art fair launched in November 2011. Image courtesy India Art Collective.

Inside the India Art Collective, an online art fair launched in November 2011. Image courtesy India Art Collective.

In 2011, India Art Collective was divided into three browsing and buying categories based on price: the Signature Series, the Collector Series and the Value Series. In addition, users could also browse by artist, gallery or medium. There were functions that allowed people to zoom in on works, get multiple views for 3D works, watch videos and get the biographical details of the artists and the galleries that represent them. The collective took advantage of the online platform to use slider wall technology, where art pieces were showcased in an infinite wall space and where a scale was given against a human figure.

By the end of the art fair, 30 percent of the galleries had made sales and the organisers were calling it a success. However, it is still a little too early to effectively assess the impact of the fair on the industry. Abhishek Hazra, a Bengaluru-based visual artist, emphasises the need to keep perspective about the impact of the Internet on art sales and the art industry in general:

There is no need to look at this as a celebration of markets online. If you want to use the Internet to share your art non-commercially, there are multiple Web 2.0 options… The beauty of the Internet, at least up until now, is that it allows the co-existence of both market-aligned activity as well as more experimental explorations where the traded currency is not of a financial kind.

The trend of selling art on the Internet is not, of course, isolated to India. As more of the art world is willing to buy online – 28 percent of Christie’s International clients bid online – it is not surprising that organisations are trying to work out ways to capitalise on the trend.

What came before? VIP Art Fair

The world’s first online art fair was held in January 2011 by the US-developed VIP Art Fair. Although the concept was likewise considered a great opportunity, there were many technical problems that hindered buyers. Key concerns expressed by participants – collectors, general visitors and gallerists – included frustrations due to slow loading times and issues with the live chat function not working properly, a function that was eventually shut down completely. The organisers claimed the technical problems were a result of too many users trying to get onto the fair website during the opening weekend. While such high attendance could have been considered some sort of success, many galleries and visitors to the site were in reality put off by the delays and slow internet speeds.

Booth 1 at the VIP Art Fair 2011. Image courtesy VIP Art Fair.

Booth 1 at the VIP Art Fair 2011. Image courtesy VIP Art Fair.

As Alissa Friedman, a director at the New York-based Salon 94 gallery said, the fair did not provide organisers with the returns they had anticipated. “Most of the sales at the fair happened in the opening weekend. The technical faults sapped all the energy out of it. Losing the live chat [feature] made the fair function like a website.”

New-York-based blog Art Fag City stated that it quickly became dull to look at series of jpeg images, partly because it was too difficult to tell what works were selling.

For a walk-through guide of the VIP Art Fair site, watch the video below or on YouTube.

Counteracting alienation

A positive aspect of the online fair, as pointed out by Art in America, is that there is more time to browse the art at length and make more informed decisions. In art fairs there is a lot of information to take in and it can be an overwhelming experience. This leisure to investigate the work in your own time, although seen as a plus for buyers, did not create the feeling of a buzz that you get at a physical art fair. The fairs tried to recreate this buzz by opening the sites up for a limited time, however, at the VIP fair, the sudden influx of visitors that occurred the minute the fair officially opened to the public put pressure on the technical aspects of the website and did not appear to create that feeling of excitement present on the opening night of a physical fair.

VIP Art Fair hoped that their online real-time chat function would allow quick communication between galleries and visitors and counteract this sense of distance, but due to the site’s technical difficulties rendering the function unusable, there is little data available with which to draw up an accurate conclusion on the usefulness of this feature. India Art Collective’s solution involved making the experience more transparent. In a very anti-traditional art fair move, they provided all the prices of artwork upfront, giving the buyer the ability to quickly assess which of the works on offer fit their budget. India Art Collective co-founder and director Sapna Kar explains:

Essentially the entire fair looks like three exhibition halls. The first exhibition hall features work which is below $12,000. The second hall features work which is billed between $12,000 and $45,000. The third includes work above $45,000. So it enables a buyer to browse a fair based on the budget they are comfortable with.

FN Souza, 'Supper at Emmaus', 1975, oil on canvas, 38" x 48". Image courtesy Palette Art Gallery; provided by India Art Collective.

VIP Art Fair and India Art Collective are certainly innovative, but their long-term ability to succeed is yet to be measured. There is undoubtedly a place on the Internet for art: the attractiveness of the medium lies mainly in its ability to enable people and organisations to reach new young international audiences. In fact, there are a number of examples of online art vendors who trade successfully all-year-round: Paddle8, Mischmasch and 1stDibs.com, to name just a few.

Bikash Bhattacharjee, 'Smiling King', 1994, acrylic on canvas, 48" x 48". Image courtesy Akar Prakar; provided by India Art Collective.

What do you, our readers, think? Does the Internet create enough intimacy and excitement to warrant the development of online art fairs as lucrative sites for trading art? Or is the medium more suited to continuous year-long sales? Leave your thoughts in the comments section below.

CW/KN/HH

Related Topics: art fairs, Indian artists, art and the Internet, galleries work the web

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A Dethroned Emperor Outshined Jeff Koons as Contemporary Art Struggled at Christies’s Hong Kong and Seoul Auctions


by Madeleine O’Dea, ARTINFO China
Published: November 29, 2011

The cooling Chinese market has finally taken its toll on contemporary art sales in Hong Kong. On the weekend, fine pieces by such major Chinese artists as Liu Ye, Zeng Fanzhi, and Zhang Xiaogang were bought in at Christie’s, and on Monday a boutique sale of international art at Seoul Auctions saw work by marquee names like Jeff Koons and Yayoi Kusama fail to find favor.

As of this season, Christie’s Hong Kong is bundling all contemporary and modern Asian art into one big sector, a strategy that not only gives Asian art a similar status to Western art at the house but also — as it turns out — serves to smooth over the cracks that are opening up in parts of the contemporary Asian market. Impressive results for Southeast Asian contemporary and modern art and for Chinese modern masters on the weekend went some way to cushioning the disappointment of the house’s touted Chinese contemporary art evening sale, called “Faces of New China” — at least for the purposes of the post-weekend press release. This recorded that more than 60 percent of the Asian modern and contemporary art works offered over the past weekend sold above their high estimates, delivering a record average-lot value this season for Christie’s Hong Kong of HK$1.7 million ($218,000).

But no one in the room at the evening sale of Asian modern and contemporary art on Saturday night could help but notice the anaemic level of support for Chinese contemporary art. And given the role of this sector in boosting Hong Kong as a venue for contemporary art sales, this must be cause for concern to the major auction houses and dealers. “Faces of New China,” the single-owner sale, was meant to be the high point of the evening auction, but six of the 14 lots were bought in and another four sold below their low estimate. The quality of the works on offer was not in question: among the pieces passed in were strong works by Liu Ye and Zhang Xiaogang, who up until now have been two of the most consistently supported of Chinese contemporary artists both internationally and in China.

The evening sale began with a packed room and a sense of anticipation, but after the single-owner sale the air seemed to go out of the room, and with it much of the audience. Although there were some good moments for contemporary art later in the night — with early works by Fang Lijun and Yoshitomo Nara reaching their high estimates — it was Asian modern art that saved the evening with passionate battles erupting over a number of works by Chinese modern masters Zao Wou-ki and Chu Teh-Chun, and also over a particularly fine canvas by Belgian-born Bali resident Adrien-Jean Le Mayeur de Mepres (1880-1958), which sold for HK$7.940 million ($1 million) against a high estimate of HK$3.7 million.

A similar pattern was seen at the day sales on Sunday, where Southeast Asian and Chinese modern art performed well while contemporary Asian artists (other than those from Southeast Asia) largely disappointed.

The winners from all this were the collectors who kept Eric Chang (Christie’s international director of Asian 20th century and contemporary art) busy well negotiating private sales on lots bought in. By the time we sat down to mull the results on Monday afternoon Chang had already secured a buyer for Zhang Xiaogang’s “Portrait in Yellow” (1993), which was passed in from the “Faces of New China” sale, and had hopes of finding buyers for two works by Tang Zhigang that were similarly friendless in the bidding. Chang did not accept that the estimates for the sale may have been too aggressive in a slowing market, though it can be noted that of the lots which did sell — including three early canvases by Yue Minjun and one by Cai Guo-Qiang — most did so at prices below their low estimate.

As it turned out Christie’s strategy of blending all of Asian modern and contemporary art into one sector had some interesting effects that will be worth watching. It seems to have promoted an encouraging level of “cross-cultural” collecting and bidding. That Asian buyers are beginning to venture outside their own national comfort zone is particularly important for artists whose country’s own markets are moribund, such as those from Japan and South Korea. One notable example was that the successful bidder on Yoshitomo Nara’s superb early work “Looking for Treasure” (1995) was a Chinese collector from Shanghai. Nara now seems poised to see a jump in his market in Asia with plans for a major solo show at Pace Beijing next year.

But it’s already clear that the real heat in the market in Hong Kong this season — as at Sotheby’s in Hong Kong last month, and in Beijing last week — is not in contemporary Asian art but in the heartland sector of traditional Chinese painting, either from the classical or modern period. It is here that the entry of Chinese mainland collectors has had the most galvanizing influence. Even with speculative money driven from the market place by China’s credit crunch, this sector is still booming as Chinese from the mainland, Hong Kong, Taiwan, and further afield compete for what they know and love best. Even as Eric Chang and ARTINFO China were talking yesterday, lot after lot at Christie’s fine Chinese classical painting and calligraphy sale were being hammered down at multiples of their high estimates. Results from the fine chinese modern painting auction yet to come this week are expected to be similarly impressive.

This lesson was also on display at the Seoul Auctions sale across town at the Mandarin Oriental Monday. For three years now Seoul has made a reputation for itself in Hong Kong with trailblazing auction sales of Western modern and contemporary art, drawing mostly on the fine collections of Western art to be found in South Korea and Japan. These collections were built up over two or more decades by connoisseurs who suddenly saw the local market for their chosen sector collapse. In South Korea, political scandals around Western art collecting stifled the high end of the market, while the Japanese scene has never really recovered from the collapse of the bubble economy there in the early 1990s.

Since listing in Hong Kong is 2008, Seoul Auctions has carved out a niche bridging the gap between significant collections of Western art in those countries and the emerging Chinese and Southeast Asian markets. So far their achievements have been modest, but even so yesterday’s results must have been particularly disappointing, with only 29 out of 49 lots sold. Yet Seoul Auction’s CEO, Jun Lee, was refreshingly free of spin. The market was “tough” he told ARTINFO China, and seems to be in lock step with the region’s stock markets. Reflecting particularly on the failure of the cover lot — the wonderfully off-message “Smooth Egg with Bow” from Jeff Koon’s “Celebration” series — Lee observed that the South Korean collector who consigned the work was satisfied to have tested the waters in Asia and more than happy to wait for a better market. The Koons was bought in just below the low estimate at a top bid of HK$54 million ($7 million).

But there was one note of excitement at Seoul’s sale. Sitting oddly among Western greats like Hirst, Warhol, Koons, and Degas was a classically-inspired ink on silk painting by China’s penultimate emperor, Guangxu (1871-1908). The work — entitled “Peony” — was a beautiful but modest thing, and its low pre-sale estimate of HK$20,000-30,000 ($2,600-3,850) raised few eyebrows. But the China effect — the passion of mainland collectors for their own history — can set any saleroom on fire, and so it proved yesterday, perhaps because this was a work of particular poignancy. It was the ill-fated Emperor Guangxu who sparked the only attempt at modernisation in the late imperial period in China. Now remembered as the Hundred Days’ Reform, his sweeping 1898 program was cut short by a reactionary coup under the Empress Dowager Cixi, and Guangxu lived out the rest of his reign under house arrest. He died of arsenic poisoning at the age of 37, possibly at the hand of Cixi herself, who in turn died just one day later secure in the knowledge that China was safe at last from her nephew’s ruinous notions of progress.

The painting that hammered yesterday for HK$300,000 ($38,500), ten times its high estimate, had been executed by Guangxu during his years of house arrest and bore the personal seal of his tormenter Cixi, marking it as part of her personal collection. Jeff Koons may have failed to make history in Hong Kong yesterday, but somewhere in China a collector picked up a piece of his own past at a price which would have by no account felt too high.

Attention now shifts to the Chinese traditional modern painting, porcelain, and works of art sales to see whether the China effect will also help deliver Christie’s Hong Kong a strong result in a difficult season.

 

 

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What motivates billionaire collector Victor Pinchuk? The Art Newspaper


CONTEMPORARY ART SPACES COLLECTORS UKRAINE

“Rarely has so much money been spent so quickly on so much bad art” says a recent article in The Art Newspaper that sheds light on the motivations of Ukrainian super-collector Victor Pinchuk. Below we sum up highlights from the original piece.

Damien Hirst "Requiem" exhibition at Pinchuk Art Centre in 2009

Damien Hirst's "Requiem" exhibition at Pinchuk Art Centre in 2009.

Click here to read the original article, titled “A ‘landmark’ museum for Ukraine”, on the website of The Art Newspaper.

Art is revolutionary

In a rare interview, billionaire and philanthropist Victor Pinchuk tells The Art Newspaper that he believes contemporary art to be one of the most revolutionary forces in the world, one that is able to spark debate and influence lives. He opened the Pinchuk Art Centre (PAC) in 2006 to introduce the “hottest” contemporary art trends into Eastern Europe. The private museum in the centre of Kiev is free of charge and shows a rotating display of works from the magnate’s private collection, including works by Damien Hirst, Jeff Koons and Takashi Murakami never seen before in the country.

Viktor Pinchuk with Takashi Murakami

Viktor Pinchuk with Takashi Murakami.

The gallery owes its success, Pinchuk says, to the unexpected “huge appetite” of young Ukrainians for contemporary art. Since opening in 2006, PAC has been visited by over one million people of which sixty percent were aged between sixteen and thirty. Introducing Ukrainians to international art, the article continues, may not have been Pinchuk’s sole motivation. By his own admission, he knew very little about contemporary art until 2005 when, at the Venice Biennale, he was struck by inspiration to set up his own art niche.

Pinchuk Art Centre Damien Hirst Exhibition august 2010

Pinchuk Art Centre, Kiev.

Beyond a passion for collecting

A source close to the billionaire who wishes to remain anonymous told The Art Newspaper that beside philanthropy, Pinchuk may have less lofty motivations in setting up his trendy private museum. In 2000, Pinchuk’s father-in-law was implicated in the murder of an investigative journalist. The family name was battered in the media, and a Parisian public relations company hired by Pinchuk to help cleanse the family image advised him to buy art and put it on display.

Before he became a news tycoon with multiple industrial assets, Victor Pinchuk made his money manufacturing and selling steel tubing all over the former Soviet Union. His fortune and influence increased after he married Elena, daughter of Leonid Kuchma, the former president of Ukraine. Leading business magazine Forbes now estimates Pinchuk’s patrimony at USD3.3 billion.

Mr Pinchuk and his wife Helena Franchuk at Pinchuk Art Centre in 2009

Victor Pinchuk and his wife Helena Franchuk at Pinchuk Art Centre in 2009.

Buying at peak prices

When Pinchuk began his hurried acquisitions in 2005, prices were peaking. Most of the art he procured in that period, with the exception of artists Takashi Murakami and Jeff Koons, represented by Larry Gagosian, came from Jay Joplin’s White Cube gallery. In just one year, he is said to have spent USD180 million with the London gallery. With enormous spending power and little prior education in contemporary art, he was encouraged to buy works that discerning buyers would not consider; critics universally panned his collection of Hirst paintings. More recently, The Art Newspaper reports, Pinchuk has shown a preference for buying directly from artists and has added a number of Chinese works to his collection.

Landmark museum for Ukraine

The success of PAC has encouraged the Ukrainian tycoon to expand his project, giving the museum, now hosted in an early twentieth century building, a more prestigious venue. The new building, says Pinchuk, could be ready in five years. Sources close to the project suggest that top Swiss architects Herzog & de Meuron have been hired for the purpose. Pinchuk hopes that the new iconic museum will become a popular destination for sightseeing tours in Kiev.

AAN/KN/HH

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Art Market: Tapping Turkey’s Energy: Former Star London Dealer Suzanne Egeran on Why She Opened Her New Gallery in Istanbul


 The space, which focuses on both Turkish and international art, is located in the city’s Karaköy district.

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