Art like any asset, requires the same respect as that accorded to your other personal assets: your car, your home, or your stamp collection. Interestingly, as part of the ‘acquisition’ process of these types of assets, insurance becomes part of the overall monetary outlay; you seek the advice of an advisor or broker to ascertain adequate insurance and annual premiums ensue thereafter. Yet, the same cannot be said for art.
Speak with an insurance broker and you will be surprised to hear how infrequent clients seek the advice of a professional when estimating the value of their art collection; the consequences of not having an up to date valuation, and therefore a current value, can mean the difference between being reimbursed for loss or damage appropriate to its market value or incurring a loss on that initial investment.
Additionally, having an up to date and current value of your collection can also assist in having in place a de-accession strategy; selling too early or too late can result in an unforeseen loss.
Obtaining a professional appraisal of your artwork operates in much the same way as seeking a value for other assets. Credentials should be assessed; market sector and speciality experience should be examined together with the level of tertiary qualifications and membership with an industry association.
Most importantly, seeking the services of an independent, objective and impartial professional will result in a more accurate valuation, and without the potential bias of a vested interest in the artwork and therefore its value. Returning to the gallery or dealer from which you first acquired the artwork and seeking an appraisal is clearly a conflict of interest.
Additionally, the quality of the appraisal documentation is equally important: it should demonstrate a solid, up to date appreciation of the market for the subject artist/artwork; present well-reasoned research; provide documentary proof and/or reference to recent auction results and other market indices (ones which are verifiable); and finally, clearly and concisely outline the methodology used for the appraisal.
There are a number of attributes which an experienced appraiser will utilise in order to determine the value of your artwork:
Valuing your art necessitates the same respect as valuing your other lifetime assets. Regular, up to date valuations of your artworks are an important adjunct to the ongoing maintenance and accurate documentation of your collection.
Seeking the advice and services of an experienced and knowledgeable professional is a critical step in the provision of an accurate art appraisal. Professional art appraisal services offer new and established collectors a comprehensive appreciation of their collection, its current parameters and indeed, future directions.
©Catherine Asquith, January 2019
Taipei Dangdai is a new international art fair commencing 18tth January 2019.
A joint venture between Single Market Events (Tim Etchell), ARTHQ / EVENTS Limited, Ramsay Fairs Limited and Angus Montgomery Limited, the Fair’s rationale is to celebrate the city’s unique and dynamic arts scene, while highlighting global creativity and the increasing importance of the wider art market in Asia.
Fair Director, Magnus Renfrew believes now is the right time to launch an international art fair in Taipei: “Galleries are increasingly taking Asia seriously, and are looking for more than one opportunity to engage with the region’s collectors each year. For a long time, galleries that show at Art Basel have also cited Taiwanese collectors as being the most instrumental in determining the success of their participation”.
Renfrew’s vision reflects the tenor of the word “Dangdai”, meaning ‘now’ or ‘of the present moment’: “I hope that the fair will, appropriately, be something of a ‘moment’ for Taipei — creating an opportunity to showcase its strengths to a much wider audience, while also providing collectors, buyers and local audiences with an opportunity to engage with leading galleries from Asia and around the world on their doorstep, and on their terms. There hasn’t really been a fair of this quality before, with such a strong exhibitor line-up.”
Presented by UBS, the event brings together a selection of the world’s leading galleries and artists alongside influential thinkers from a wide range of disciplines, including archaeology, art history and technology.
Image: Haegue Yang, Sol LeWitt Upside Down onto Wall – Cubic-Modular Wall Structure, Black, Expanded 11 Times, 2018
Aluminum venetian blinds, powder-coated aluminum hanging structure, steel wire rope, LED tubes, cable, 305 x 304 x 104 cm. Image: Courtesy of Kukje Gallery, Seoul.
I am delighted to announce that Nasim Nasr has been invited to be one of the participating artists in the New York Triennial of Asia at the Asia Society Museum, New York, in 2020.
The New York Triennial of Asia will be the first recurring exhibition initiative in the U.S. dedicated to contemporary art from and about Asia and will serve as a platform for intellectual exchange about, and direct engagement with the arts and culture from the region. It will encourage inclusivity and access to this material outside the traditional platform of the Museum and will attract new audiences. The scope of the Triennial reflects the diversity of contemporary art from Asia and the diaspora, and will celebrate and reflect the rich tapestry of Asian cultures that comprise a significant, yet historically underserved, demographic within New York City.
The inaugural edition, entitled “We Do Not Dream Alone”, will be co-curated by Michelle Yun, Senior Curator of Modern and Contemporary Art, and Boon Hui Tan, Vice President for Global Arts & Cultural Programs and Director of Asia Society Museum.
Nasim will be showing two series of works: Beshkan (Breakdown) (2013) and 33 Beads (2018).
This project is a city-wide initiative with venues including Asia Society Museum, Governors Island, Times Square, and Pioneer Works. The exhibition dates will be from June 5 to August 9, 2020.
Video stills from Beshkan (Breakdown) (individual hands), 2012 are available for acquisition. Please contact me directly at email@example.com for further details.
I am delighted to announce that Catherine Asquith Art now represents* Nasim Nasr as her agent and collection manager.
Since graduating with a Masters of Visual Arts (Research) in 2011, and having completed a Bachelor of Arts in 2006, Nasim Nasr has developed a body of work that has featured in numerous exhibitions, festivals and publications in Australia and internationally.
Nasr’s photographic and video practice has sought to comment upon universal concerns within contemporary society, engaging and articulating notions of State and self-censorship, and the transience of cultural and personal identity. With an abiding interest in the concept of cultural relationships and their role in contemporary society, her practice has engaged themes of intercultural dialogue. Through the presentation of multiple channel video works, photography, performance, objects and sound, these collective works have endeavoured to highlight the complexities within contemporary notions of interchangeable identities and cultural difference, as experienced between past and present cultures and homelands, between the West and the East.
Most recently Nasim Nasr’s “Women in Shadow II” was presented at the 10th Anniversary Edition of “A Shaded View on Fashion Film” at the Club De L’Etoile in Paris, and was awarded Winner for best editing. This was the filmic version of Nasr’s created performance Art, “Women in Shadow II” at the Powerhouse Museum in Sydney, earlier this year, in April.
Nasr has been a finalist in The William and Winifred Bowness Photography Art Prize (2018, 2017), the Fischer’s Ghost Art Prize (2018), the Sovereign Asian Art Prize (2017, Hong Kong), The Blake Prize (2018, 2016), and the Redlands Art Prize (2015). Her inclusion in curated group exhibitions has included the much lauded “Under the Sun: Reimaging Max Dupain’s The Sunbaker”, “Sixth Sense” at the National Art School in Sydney, “CASCA Contemporary 2015” in Adelaide, and the “Tarrawarra Biennial: Whispers in My Mask” in Melbourne.
Nasr’s work has also been presented at a number of art fairs, both nationally and internationally, notably, Bazaar Art Jakarta (2017), SPRING1883 (2015), Art Dubai (2015), and Art Stage Singapore (2015, 2013), in addition to participating as a panellist in “Talk Contemporary” at Sydney Contemporary in September this year.
Nasr’s art practice has also been the subject of a wide variety of publications, and in the past year has been elucidated in The Guardian, Elle (Italy), Eyeline, Vogue Australia, Sydney Morning Herald, The Daily Telegraph and Art Collector. Nasr has also been included in What is Performance Art? Australian Perspectives by Mimi Kelly and Adam Geczy (2018), Video Void (2014) and performance-ritual.document (2014) both by Anne Marsh.
Nasim Nasr’s work is represented in Parliament House Art Collection (Canberra), Artbank, and numerous private collections throughout Australia, and internationally in Germany, the USA, Singapore, Qatar and the UAE.
For all enquiries including a copy of a catalogue of works, please email me at firstname.lastname@example.org or telephone me on 0422 753 696. I will be delighted to take your enquiries.
*within the state of Victoria, and on the international circuit.
Nasim Nasr is a finalist again, for the second consecutive year, in the William and Winifred Bowness Photography Prize 2018, with the above artwork, “33 Beads #11”.
Since relocating from Iran to Australia, I have attempted to highlight the complexities within contemporary notions of interchangeable identities and cultural difference. My practice of multiple-channel video, photography, performance, installation, 3D objects and sound, seeks to establish a symmetry or counterbalance of cultural and intellectual separation between East and West. ‘#11’ from the 33 beads series, engages these conditions through the compulsive and predominantly male habit of handling traditional prayer and non-prayer beads (worry beads/tasbih), in response to the fluctuating conditions of being ‘worried’ or ‘unworried’ about major life issues and concerns. The tension between the female hands and the worry beads suggests an unspoken metaphor – to hold on to one’s past or to let it go, sensing the cyclical and infinite nature of the human condition.
William and Winifred Bowness Photography Prize.
Established in 2006 to promote excellence in photography, the annual William and Winifred Bowness Photography Prize is an initiative of the MGA Foundation. The Bowness Photography Prize has quickly become Australia's most coveted photography prize. It is also one of the country's most open prizes for photography. In the past, finalists have included established and emerging photographers, art and commercial photographers. All film-based and digital work from amateurs and professionals is accepted. There are no thematic restrictions.
The prize creates a snapshot of contemporary photographic practice in Australia and continues to showcase excellence in photography, this year’s selection is no exception!
Artemisia Gentileschi (1593 – c.1656), was an Italian Baroque painter, whose oeuvre focused on mostly, female allegorical subjects, depicting powerful figures during moments of highly emotive, sometimes violent points in history. Unusually, she managed to enjoy significant success during her lifetime and was well-respected by her peers and the arts community, and was the first woman to be accepted into the Accademia di Arte del Disegno in Florence. Today she is considered one of the most accomplished painters of her generation.
The market for Gentileschi has witnessed a burgeoning interest in her work; in July of this year, her extraordinary painting, “Portrait as Saint Catherine of Alexandria” (ca. 1615-17) was acquired by the National Gallery of London. This week, her work “Lucretia” sold for €1.8m at Dorotheum in Vienna, and is headed to an Australian collection. Additionally, Gentileschi’s inclusion in Ghent’s Museum of Fine Art’s exhibition on Baroque female painters (on now) suggests a re-calibration of Western Art History’s canon to include more female artists.
In the wider arena, social media is highlighting some of her works, as a means of expressing discontent and alignment with social commentary, with “Judith Slaying Holofernes” (ca. 1620) going viral during the hearings leading up to the confirmation of Judge Brett Kavanaugh to the U S Supreme Court. This painting is perhaps especially poignant – the subject being Judith’s act of a confident, yet bloody vengeance – given the fact that Gentileschi was a survivor of sexual assault and indeed, did take her attacker to court.
According to some arts commentators, the market has been slow to catch up with art historians: Gentileschi was first re-examined in the 1947 novel by art historian Anna Banti’s “Artemesia”. Some four decades later, feminism took an interest, with Mary Garrad’s influential 1989 text, “Artemisia Gentileschi: The Image of the Female Here in Italian Baroque Art”. It was not until 2014, when the work, “Mary Magdalene” sold for over USD1m (Sotheby’s, Paris), establishing a new record for the artist, that the market’s attention was piqued.
For some pundits, Gentileschi is “having a moment”, following on from a renewed interest in Old Masters; others view the interest as a type of ‘inter-disciplinary’ approach by dealers and art fairs – the confluence of contemporary and Old Masters artworks in fair booths and curated exhibitions; or perhaps the result of contemporary artists utilising and highlighting their sources and historical artworks in new work.
Nevertheless, there can be no denying the importance of addressing the deficit in museum and gallery collections across the globe of the inclusion of significant female artists’ work.
Phillips Hong Kong sale on May 27th will feature a $5m collection of Chinese Contemporary art entitled Pioneers of Modernism: A Selection from the Scheeres Collection. The lead lot is a Zhang Xiaogang work, Bloodline, Big Family No. 9 (above) that comes to market with an estimate upon request. Another work from this same series sold in China five months ago for $4.4m for a much later work. The record for these Big Family works and the artist is slightly more than $12m achieved in 2014.
Comprising 20 lots estimated in excess of HKD 40 million, the collection include historically significant contemporary Chinese works by celebrated artists such as Zhang Xiaogang, Fang Lijun, Yue Minjun, as well as such modern masters as Richard Lin, Sanyu, Le Pho, among others. The highlights will be unveiled in a touring exhibition across key cities in Asia .
Honouring its debut appearance in the market, Pioneers of Modernism: A Selection from the Scheeres Collection will be presented in a dedicated auction preview in H Queen’s Atrium in Hong Kong from 24 to 27 May 2018 alongside Phillips Hong Kong’s Spring Sale 2018 preview held in Mandarin Oriental Hong Kong.
Poly Auction Hong Kong's 2018 Spring Modern and Contemporary Art Auction made more than HK$400 million ($50.96m). Nearly half of that total came from Zao Wou-ki's large-scale Et la terre était sans forme (above), which sold at HK$182,900,000 ($23.3m). That sale sets a new record within Zao's 'oracle-bone' series and is the second highest auction price for Zao.
Sotheby's Spring Hong Kong sales cycle got off to a strong start over the weekend. Hong Kong now has its marquee evening sales event of Modern and Contemporary art that is a mix of Asian blue-chip art and European artists with appeal to Asian buyers. That sale had a combined total of HK$1.04bn ($132m) which puts it on par with major evening sales in London. The sales had a 97% sell-through rate with 64% of the works going for prices over the high estimates.
Demand is clearly strong in Asia. Sotheby's was able to sell all 33 Yayoi Kusama works in the sale. The evening sale of Southeast Asian art was a white-glove sale with no lots failing. Christine Ay Tjoe's Study of First November Doll made a price more than five times the high estimate even if the absolute price was a relatively small $380k.
The day sale of Contemporary Asian art doubled its total low estimate and was 95% sold demonstrating that the demand for Asian Contemporary art goes deep and down the price scale.
Modern Art Evening Sale (31 March) : HK$ 638,377,500/ US$ 81,342,061
Contemporary Art Evening Sale (31 March): HK$ 397,987,500/ US$ 50,711,567
Modern & Cont Southeast Asian Day Sale (1 April): HK$ 47,865,625/ US$ 6,099,038
Contemporary Art Day Sale (1 April) : HK$ 138,268,750/ US$ 17,618,204
Modern Asian Art Day Sale (1 April) : HK$ 60,663,750/ US$ 7,729,775