art · luxury

Art Collector Conundrum: Accessibility

As I learn more about the art world, I see, not only the beauty and complexity of it, but the problems surrounding it.

Here’s the thing: every industry is plagued with its own problems. As a result, the professionals within each industry are tasked with serving current needs as well as creatively attempting to solve existing and potential problems. This presents a bit of a conundrum for both the problem solvers (who are trying their best but may be limited in what they can do) and those awaiting a solution (that feel excluded and frustrated).

There are several big issues within the art industry, which I’ll attempt to explore over several posts. I’m no art expert, but I love the thought of toying around with solutions to existing issues, because, at the heart of it, I’m a problem solver.View of Children placing poppies on the grave stone of the Unknown soldier

(Courtesy of the War Museum in Ottawa)

One of the biggest issues I see within the art world is the issue of accessibility. Like many subjects and areas associated with the elite/wealthy/exclusive groups, there is no definitive path for entry. Those that want to make sense of this world are overwhelmed by the options but really don’t have any clear directions on how they can make art and the art world a part of their lives.

That’s both great and confusing.

The upside to lacking a defined path of “entry” is that the barriers aren’t clearly defined, either. If those desiring entry want to find a way “in”, they can probably ease in through many different paths and still eventually “arrive” at their desired destination. Let’s be clear: there are ALWAYS barriers in every realm. But these can often be navigated in unconventional ways so long as the person desiring entry is willing to explore the options available and be creative.

The confusing part is figuring out where to start. Unlike college or the corporate world, there is no simple, straightforward way to enter the world of art collecting/patronage.

This undefined path presents an amazing opportunity for art galleries, auction houses and museums. For the huge names in the art world, there may not be an urgent need to reach out to novice or aspiring collectors: after all, these entities aren’t hurting for sales! But for the entities that are interested in undertaking the challenge of opening the art world to a new kind of patron and clientele, there are several ways to accomplish this. The Guggenheim Museum is leading the way with their Young Collectors Council, a subgroup of museum membership that allows millenials and other inexperienced collectors under the age of 40 to have a more active role in museum acquisitions.

moma

Young visitor touring Metropolitan Museum of Art in 1969

Other museums, art galleries and auction houses can modify the structure pioneered by the Guggenheim and create their own Collectors Councils to help nurture and develop interest in the art world among those that are inexperienced. Setting aside two or three annual events to be organized by councils and offering mentoring opportunities from senior individuals involved in the organization would be great for collectors that are trying to find their way on the art scene.

Do you all think there are some other ways to increase accessibility in the art world? Let me know in the comments below!

wine

Wine Collectors Rejoice!

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Sotheby’s London is starting 2018 off with a bang! Their first wine sale of the year will feature nearly 400 bottles of rare and fine wines. The auction house has titled this sale, “A Great Collection From a Secret Grotto from a Northern European Connoisseur“. With a title like that, who wouldn’t want to participate?

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Serena Sutcliffe, MW, describes this enchanting collection as follows (you can read more of her thoughts in the catalogue for this incredible sale):

“In the dark days of winter, it takes a treasure trove of truly joyous wines
to bring a smile to the face – and this is just looking at them rather than
drinking them. Contemplation of mouth-wateringly beautiful bottles brings
immediate memories, as well as hopes of meeting these wines again, which
is more than possible for you, the wine-loving client. You literally can smell
them and taste them when you see them in the cellar, or on the written page
– they come to life in all their dimension and diversity. This is a collection
that displays some of the greatest wine-making talent of our days which,
on reflection, might well be on unrivalled top form in the last few decades.
These years have shown a glittering balance of technical know-how with
enormous human skill, driven to its peak by pride in the profession and
critical competition. It is the consumer who has benefited.

Above all, this collection puts the greatest vinous gems of France under
the spotlight. It is clear that the wines were chosen by someone with
remarkable gastronomic and wine knowledge.”

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The wines range from the luxurious but affordable to the truly exquisite.  On the lower end of the estimate spectrum, a Chateau Lafite 1994 is expected to fetch anywhere between $400 and $500 USD; for the most serious collectors, a Petrus 1995 is expected to soar anywhere between $21,000 and $30,000 USD.

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This sale is going to be spectacular! Too bad I won’t be anywhere near London at the end of the month: otherwise, I’d definitely attend. The sale occurs on January 24, 2018, at 10:30 GMT in London. If you can attend, I highly encourage you to do so!

 

(all photos courtesy of Sotheby’s)

art · style

Barbie Has Come a Long Way

I’ve collected Barbie dolls since I was a child, mainly because I couldn’t get enough of the glamour and fantasy that the Barbie brand epitomized. As an adult, I purchase both for nostalgia and for the beauty of the dolls. I don’t care if I ever get a financial ROI (by selling them at a later date); I enjoy them NOW, and every purchase gives me an immediate emotional ROI.

It doesn’t seem like this would qualify as an art post BUT the skill and artistry involved with creating Barbie is undeniable.

Check out some of the Barbies that will be available in Spring 2018. I’m drooling: I can’t wait to buy some of these!

 

 

 

(all photos courtesy of Mattel)

 

international · luxury

Fine and Rare Wine Auction at Sotheby’s

As a wannabe sommelier, I love to learn all that I can about wine. So, on a hunch, I decided to look up wine auctions. Lo and behold, Sotheby’s London will be auctioning fine and rare wines on September 20, 2017.

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(This 62+ year old The Dalmore, The 12 Pointer, is expected to command more than $66,000 USD at auction. Photo courtesy of Sotheby’s.)

I’d never heard of many of the brands, but I was in awe of the prices that some of these wines were expected to fetch. Some lots were expected to go for upwards of $66,000 USD. I’ll never cease to marvel at the concept of wine as a collectible asset!

Even more interesting was the wine catalogue: it’s more than 100 pages long and very informative. I enjoyed reading about the flavors of the wines; the descriptions are superb. If you can’t use these terms to describe some of the wines you’re drinking, then it may be time to try some different wines!

This event sounds like the perfect place for wine connoisseurs and anyone that loves luxury. Again, it will be held on September 20, 2017, at 10:30 BST, at Sotheby’s London (34-35 New Bond Street, London W1S 2RT UK). However, you don’t have to attend to bid. You may complete the absentee bid form, or register online to bid electronically.

Do you collect wine? Have you ever attended a wine auction? Please comment and let me know!