Art – the ‘alternative’ investment
In this newsletter we ask… Why are financiers looking to art as an alternative investment? How did Lucie Bennett sell her red silk knickers for £3,000? And why is ‘food art’ so popular?
Art in figures
A new report by ArtTactic would suggest that art is no longer the realm of the rich man with an eye for contemporary art. Continuing economic uncertainty coupled with poor investment returns in other asset classes means that more people are now looking for alternative investments. Art is one asset class attracting more interest.
The report states that money spent on art as pure investment (not just to adorn your walls) soared by two thirds in 2012 to $1.6bn. That is still pretty modest compared to other types of investment, but it also means there is scope for further growth.
If you’re looking for something to invest in as well as feast your eyes on, take a look at our works by Peter Blake, Damien Hirst and Marc Quinn amongst others. If you’re looking for a star of the future, Benedict Drew has been tipped by Art Review as one of 2013’s future greats.
Lucie Bennett’s Silk Knickers go for thousands…
Earlier this month, Lucie Bennett knocked the socks off art lovers at a fundraiser in London.
The event which was organised by Helena Bonham-Carter and Tim Burton in aid of Save The Children raised a substantial amount of money for the charity.
Red Silk Knickers sold for £3,500, three times the value of the prints normal price! Prices are due to increase on her works this week so get your prints now before it’s too late.
If you prefer pink knickers more than red then take a look at what we have in stock here…..
A new craze sweeping the world and regularly popping up in our daily news reading is ‘food art’.
‘Artists’ – we use this term loosely – are recreating masterpieces on anything from cupcakes to toast. But is using pieces of cheese and olives to recreate Frida Kahlo’s self portrait really art?
It’s certainly inventive, and with the power of Instagram you’re sure to have an audience of millions, but we doubt we’ll ever catch these hanging in the Tate.
- Stop the Press!!! New works
- Wouldn't it be Nice... if we could Play Together?
- Do we sanctify art too much? Or should art be alive?
- Kith & Kin II: New Glass and Ceramics, until 31 December 2012 at The Natonal Glass Centre Sunderland.
- Monograph artist focus: Antony Micallef
- News: ‘Someday All the Adults Will Die!’ at The Hayward Gallery
- News: Peter Blake to design new Madness album
- News: David Bowie at the V&A museum.
- Lucie Bennett
- The Most Expensive Book of the Twentieth Century
- Seamus Nicolson: The Arcadian Metropolis
- Gettin In Over My Head