Posts Tagged ‘Good’

What is Good Art? Interior Design Professionals Weigh in

January 12th, 2010

The first rule for buying art is to love it.   The second rule is to be able to pay for it without taking out a bank loan.   And, rule #3?  Feel good about what you paid for it. So, how do you know that a piece of art is worth the asking price?  If you love it, and can afford it, should you buy it? We asked over one-hundred interior design professionals for some help.   We asked them to review pieces of art and tell us what they think about the quality of the work and the asking price.   Each designer chose five pieces of art to review from over 4000 original and limited edition artworks created by independent, fine artists whose work is available at www. DiscoveredArtists. com. Designers were asked to comment on how they might use the art in an interior room design, and were asked to only review artworks that they felt were worth the asking price.   In other words, would you recommend that your client buy this piece of art at that price. Here’s what they said: Terry Symington is principal designer and owner of T. Symington & Co. Interiors in Brenham, Houston, and Austin Texas.   She is a big fan of using art in her interior designs and suggests that “For rooms lacking a proper focal point, an oversized painting makes a great statement!” Ms. Symington reviewed Fleurs Rondes #19, a 12″ x 18″ contemporary collage by Canadian born artist Lisa Carney.   The artwork is a mixed media original on panel priced at $115.   Lisa Carney is a formally trained, emerging, full time artist who is represented by galleries.   She creates abstract, modern, and fine art using multi-media methods and materials.   Her work is especially suited for decorative interior design. Symington’s review of Fleurs Rondes 19: “I would love to see a grouping of several of Ms. Carney’s collages in an interior to make a really big statement.   Her combinations of materials, textures and colors are very pleasing . . . the the pricing makes it very affordable!” Elaine Buderer, principal designer for Restoration Interior Design, LLC in Columbia, Maryland writes, “Good art brings some life into a space,” and adds that she approaches design by, “Using color, texture, furniture, art and the existing elements of a home. ” Ms Buderer reviewed Drayton Hall #20 a 21″ x 25″ limited edition by fine art photographer John Michiels.   The artwork is an edition of 40 that is signed and numbered by the artist, matted and framed with glass, and sells for $525. John Michiels’ primary style is fine art, his signature style is southern gothic.   He is a mature, juried artist who is represented by galleries.   Michiels personally completes every step of the printmaking process in his studio in his Charleston South Carolina studio currently offering prints in editions of 45 or less. Interior Designer Elaine Buderer’s review of Drayton Hall #20:  “This is a spiritual piece.   It hints of serenity (provided by the classic balance) with a vision of hope beyond.   It would be a soothing vista in a quiet room. ” Nicky Quartermaine Scott is owner and principal designer for Quartermaine Interiors in Plainfield, Illinois.   Her advice to art buyers in general is “If you’re stuck choosing a color scheme for your home, look to art for your inspiration. Select a piece that you truly love, and start from there. Art will reveal some wonderful colors that you can use as a foundation for your project. ” Ms. Scott reviewed Italian artist Mauro Celotti’s large, landscape titled Follow the Clouds.   It is a 50″ x 40″ original acrylic on gallery wrap canvas priced at $3600. Celotti is a mature, professional artist, formally trained and juried, who paints abstract, modern, surreal and figurative subjects. Scott’s review of Follow the Clouds: “This piece is reminiscent of Van Gogh, but with a twist.   I love the color combination of orange, grey and white.   It has a masculine quality to it, with diagonal line and strong movement, but the soft, undulating earth reflects back nicely to Mother Nature herself. ” So, going back to the rules for buying art, if you need a second opinion you certainly should get one.   But, it seems that the driving force behind each of these professional reviews is how much they liked the artwork and how they might use it in a room.   So, if you love it, and can afford it, it deserves a place on your wall. To read more about any piece of artwork featured in this story go to www. DiscoveredArtists. com and type the name of the art or the artists name in Keyword Search.   To read more designer comments or to contact a featured interior designer click on Search Interior Designers on the DiscoveredArtists. com home page. About DiscoveredArtists. com DiscoveredArtists. com is a marketplace for buying and selling original and limited edition artworks.   Independent artists sell directly to the general public.   Prices are set by the artists and artwork is shipped from the artist’s studio.    All major credit cards are accepted.   Artwork may be purchased online and is backed by a satisfaction guarantee of a full refund plus return shipping expense.

Art Investment- Good or Bad!

December 17th, 2009

You are an admirer of fine arts. Do you collect handicraft, paintings or sculptures or any other artworks just to get an undefined satisfaction or as an investment too? Well, art as an investment has become popular in the recent past. However, there are supporters as well as opponents of the trend who give arguments for and against investing in art. What’s good in Art Investment Uncertain stock market returns, interest rates at their lowest in decades, and shaky property market has lead people to find alternative investment options- investing in art is one of them. The rise in demand and consequently in prices, is definitely a good news for people who collect art. Although there’s no certainty that prices will continue to rise, at least art will give pleasure and an emotional dividend by giving the chance to call oneself a collector. From 1875 to 2000, art has outplayed fixed income, but has been defeated by equities. However, in the past 2 years or so, in the wake of stock market losses, art has surpassed equities. Reports say that global art market avoids crash, even in times of economic downturn. Why Art Investment is Bad Art market is illiquid. Buying and selling art works is not so easy as the trade shares. Art market is also non-transparent and unregulated. The history of ownership and condition of a piece has to be checked before investing money. Art goes in and out of fashion and the prices may move up and down very quickly. If selling art, one has to pay many taxes. Critics argue that art can’t be considered as financial asset as it disregards traditional benchmarks of financial analysis. Price determination is at the mercy of erratic public taste that follows no financial logic. Works of art don’t generate any income though they lead to storage and associated costs. In short-term, market volatility is relatively high when compared with other classes of asset. How to do Wise Art Investment Art investment is risky only if the investment period is too short. Long-term investment, say for 10 years and more, gives good annual average returns. The only prerequisite is to invest in high quality art. It’s better to deal with reputable galleries or dealers and invest in something you like & won’t mind keeping it for a few years, rather than something you don’t like but just want as an investment. If you are a novice collector, gather knowledge and train your eyes by visiting art fairs, galleries and preferably, student shows. Get lots of information from Internet. If that doesn’t suffice, hire independent art advisers for selecting and managing a collection. Some of them work at private banks. Galleries too offer advisory service as a sideline to their main business. If you sell some art works, consult tax advisors about how to save on it. If a couple buys the work, its good to invest in the name of the person in the lower tax bracket. Generate income from artworks by lending them to galleries. UK-based Fine Art Management Services launched Fine Art Fund, a private equity-backed venture aimed at pension funds and university endowments. It hopes to raise $350 inn, locked in for 10 years, to invest in a portfolio of top-quality art. The fund managers are banking on those investors who have seen some of their biggest holdings go down as the value of a quality arts will never go down to zero. Fine Art Fund also plans to solve the problem of lack of dividend income in this type of investment by renting out its art. This can be taken advantage of by wealthy private investors.