Emerging Artists, Emerging Markets:
‘Emerging Artists’ is a buzz word when discussing contemporary art and young artists in particular.
The importance of these young graduates cannot be underestimates. These are artists that are finishing their degrees in various art disciplines and entering the work place; theirs is the art-market!
What makes this so exciting for a buyer is the potential of these artists. As they enter the bold world of the art market and client-patron relations, it is interesting to see how they develop as individuals and how their careers can blossom.
I recently watched a documentary on Picasso, a titan of the art world. He was a prolific artist exploring a variety of styles and colours (notably his ‘blue’ period following the death of a friend.) He also explored a variety of art mediums: painting, sculpture and also ceramics.
I also think about the artists of the nineties: Damian Hurst and the ‘Brit Pop’ movement. These were relatively young artists who, through talent and drive emerged as a bold force in the art world and whose work appears in the collections of Saatchi amongst other notable collectors.
Art As An Investment:
It’s interesting to watch an artists’ career develop and watch them flourish. I think that this is one of the rewarding parts of buying artwork from newly emerging artists.
It is also rewarding to see how the prices can also increase considerably.
I can’t emphasise enough the importance of buying art that you like and that you will continue to like in the long term: I think images should inspire and continually fascinate and move the viewer.
I have a screen print of a ballet dancer by the late Robert Heindel: ‘The Girl in the Red Dress’.
I can gaze at it for hours: I get lost in the vibrancy of the ballet dancer’s red dress, the movement of the 2 dancers and also the beauty of the image. I have had the painting for years. My feelings for the painting and emotions have not changed throughout. Sometimes my feeling and emotions can be more intense than at other times.
You should always enjoy the piece of work you have bought. It has been argued by some gallerists that art is an emotional investment. I believe this is true but the potential of art as a commodity cannot be underestimates either.
A Rothschild once famously said that you should invest in a variety of commodities: ‘a third in the stock market, a third in gems and a third in art’. And art in general is a beautiful commodity!
Emerging Markets and Art:
Following the recent recession and fall of financial institutions such as Lehman Brothers there were some financial analysts who questioned the commodities of stocks, shares and the volatility of the stock market as a whole. In contrast, the art market is notably more stable and can achieve high returns on art works; particularly now with the emergence of ‘Tiger Economies’ such as China, India and Brazil. Indeed these new frontiers have released a wealth of artistic talents also.
Young emerging artists whose work parallels the fortunes as their countries ascent onto the world stage.