Art Radar Asia

Contemporary art trends and news from Asia and beyond

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Archive for the ‘Collectors’ Category

Art loans can offer liquidity to your collection

Posted by artradar on November 4, 2009

ART LENDING INDUSTRY: ARTTACTIC PODCAST REVIEW

On October 13th, ArtTactic published there latest edition of the ongoing podcast series dedicated to art market topics. The new podcast titled “Art Lending Industry is an interview with Andrew Rose, the president of Art Finance Partners based in New York City. Highlights from the interview include detailed information about the array of available loans through Art Finance Partners, Rose’s opinions about how the recession has affected art lending, and a status update on the current state of the art market.

logo

Art Finance Partners is a specialty finance company that provides innovative credit and advisory solutions to owners of "unconventional" assets, such as fine and decorative art, antiques and collectibles.

Types of Loans

“Bridge Loan to Sale”- Advance in funds against and art asset that will be sold. Used to get cash before sale transaction happens. The duration is typically 12-18 months with renewal provision.

“Acquisition Financing”- Upfront loan given to buy artwork, paid back overtime. Similar to real estate loan/mortgage.

“Working capital line”- Used by dealer or collector to finance inventory or collecting needs. The duration is 12 months with the option to renew.

The advantages to employing art loans to your personal art investment strategy are two fold. They offer liquidity between auction cycles (bridge loan to sale), and allow you to defer payment which frees up capital increasing yearly collection budgets (acquisition financing).

How the recession has affected art lending

When asked how the recession has affected art lending, Rose’s response was upbeat.

“Every business is facing the same liquidity crisis at the moment.” He continued to state, “we are seeing a fair amount of demand. Surprisingly in this market we haven’t seen the for-selling that one may have expected in this recession.”

How are artworks valued and has the current recession depreciated these values

Art Finance Partners utilizes basic valuation strategies when determining the value of the artworks lent upon. Their strategy consists of referencing established auction prices for comparable artworks through online databases like ArtNet or AskArt. In the case of a rare artwork, they consult their database of private sales, or get the opinion of an appraiser or art dealer.

Art Valuation Facts:

Loan to value ratio: 40-50%

General value of artworks down 20-30%; ultra contemporary artworks down 50%

Andrew Rose ends the interview stressing that good quality artworks sell well. Although trends and tastes change, Rose reiterates: “there will always be demand for very good quality international artwork on the international market.”

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Posted in Acquisitions, Advisors, Business of art, Collectors, Interviews, Recession, Resources, Services | Tagged: , , , , , , , , , , | Leave a Comment »

Acclaimed Vietnamese artist and collector Dinh Q. Le reveals which Vietnamese contemporary artists he is collecting now – interview Wall Street Journal

Posted by artradar on September 23, 2009

by Dinh Q. Le

by Dinh Q. Le

CONTEMPORARY VIETNAMESE ART

Dinh Q. Le, a Vietnamese-American artist and collector, is touted as one of the world’s most acclaimed Vietnamese artists, and his work will be featured in a solo exhibition by  the Museum of Modern Art in New York City next May. However, the journey to his impressive position in the art world has been tumultuous, fleeing violence in Vietnam for the U.S. at the young age of 10, and returning to Vietnam under better circumstances in 1993, 15 years later, to reside in Ho Chi Minh City.

Why does he collect?

He reveals in an interview with the Wall Street Journal that since his return to Vietnam collecting art has been his passion, and he suspects it is fueled from the loss he experienced when he fled to America and was forced to leave everything behind. Somehow, surrounding himself with objects may be compensating for this loss. However, he also comments:

“…A part of me worries that if I don’t buy these objects up, they will disappear from Vietnam. These objects are part of Vietnam’s history, my history. But the most important thing is that I just love to live with these beautiful objects.”

What does he collect?

His collection focuses on Vietnamese ceramics, and he estimates to have about 200-250 pieces from the following eras: northern Vietnamese (Chinese) Han Dynasty terra cotta (206 B.C.-A.D. 220), Oc Eo pottery (1st-7th centuries), ceramics from the Vietnamese Ly Dynasty (1009-1225), and the Tran Dynasty (1225-1400), and Chinese Han, Song (960-1279), Ming (1368-1644), and Qing (1644-1911) dynasties.

However, he presently focuses on collecting 12th century Ly Dynasty white ceramics, and 15th century Tran Dynasty tricolor works from the Hoi An hoard, found in an area shipwreck.

Who does he collect?

His contemporary collection includes works by Shirley Tse, Brad Spence, Christian Marclay, and Manuel Ocampo, ranging from photographs, drawings, paintings, video, ceramics, and books.

Of Vietnamese artists, he collects Tiffany Chung, Tuan Andrew Nguyen, Phu-Nam Thuc Ha, and Tuan Thai Nguyen.

Vietnamese art: not what you’d think

Mr. Le deplores the current (mis)conception of Vietnamese art, which has been reduced to decorative images that are popular with tourists. He has founded an arts organization, San An, which is actively working to change the perception of Vietnamese art.

View full interview with the Wall Street Journal here

-contributed by Erin Wooters

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Posted in Acquisitions, Dinh Q Le, Interviews, Vietnamese | Tagged: , , , , , , , , , , , , , , , , | Leave a Comment »

Two contemporary art museums planned for Moscow

Posted by artradar on September 12, 2009

RUSSIAN ART MUSEUMS

Two new contemporary art museums are planned for Moscow reports Artinfo.

National Centre for Contemporary Art

Facade of National Centre for Contemporary Art

Facade of National Centre for Contemporary Art

Mikhail Mindlin and Leonid Bazhanov, directors of the National Centre for Contemporary Art in Moscow, initiated the plan to establish a new contemporary art museum in the region. The $100 million proposal, although not government-funded, is approved by the Minister of Culture Alexander Avdeev.

Mindlin and Bazhanov face two options: “either wait until the crisis is over or form a partnership with gallerists and local businessmen who show an interest in contemporary art.”

On July 24, the Ministry of Culture invited a number of gallerists and businessmen to its private session.

According to ARTINFO, attendees included:

Gary Tatintsian, owner of Tatintsian Gallery (which recently sold a small Jake and Dinos Chapman sculpture to the center at a discounted price after no one stepped up to buy it following its debut at a group show there four years ago), and Alexey Tsarevsky, head of Horizont Finance Company. Horizont is owned by Valery Nosov, who also owns ArtMedia Group, a publishing house that puts out two art magazines — Art+Auction Russia (a publishing partner of ARTINFO sister publication Art+Auction) and Blacksquare — and an arts and culture Web site, openspace.ru. Tsarevsky promised help from Horizont, including “consulting with the center on the predevelopment level and financial administration of the project.

The goal is to complete the project by 2015.

While in the process of developing a new museum, Mindlin and Bazhanov hope to expand their current museum too:

The two, who would lead the new institution, plan to expand the center’s current home to include 25,000 additional square meters (269,100 square feet) of new exhibition space, as well as a café, storage facilities, and a cinema, among other amenities. Essentially, the center would transition from a small, state-funded institution to a large and complex one, with the new museum inheriting its management and resources.

Their plan is not exactly new. The center already expanded once, in 2004, adding a three-story building as part of a larger redevelopment plan that would have included a large hotel and financed the center’s activities with money from developers. The current proposal adapts the earlier plan to the realities of the current economic situation. For example, with most of Moscow’s building projects on hold, no commercial spaces are planned to accompany the future museum, and it’s unclear if the new project will be subject to an architectural competition.

Stella Art Foundation

That Obscure Object of Art. Collections of Stella Art Foundation. Displayed at the Venice Biennale.

That Obscure Object of Art. Collections of Stella Art Foundation. Displayed at the Venice Biennale.

In tandem, Stella and Igor Kesaev, respectively the director and the funder of the Stella Art Foundation, have recently purchased a Constructivist garage in the centre of Moscow for a planned museum to house their foundation’s collections.

The couple showed their private collection of postwar art in Vienna a year ago, and the foundation financed an Ilya and Emilia Kabakov exhibition at St. Petersburg’s Hermitage Museum(www.hermitagemuseum.org) in 2005, as well as Culture Minister Alexander Avdeev’s trip to the Venice Biennale for the opening of the Russian Pavilion this year.

Despite the state’s inability and reluctance to provide financial aid, the Ministry of Culture may still provide funds by drawing on Russian businesses.

Russian oligarchs invest in art to rehabilitate their image with the Kremlin, buying works abroad and bringing them (or “returning” them, in patriotic terms) to Russia.

Read full article at ARTINFO

Contributed by Wendy Ma

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Posted in Art Funds, Art districts, Funding, Moscow, Museums, Russia, Russian | Tagged: , , , , , , , , , , | Leave a Comment »

Rare piece of good news for art from Australian Tax Office – be quick to benefit

Posted by artradar on September 9, 2009

ART TAX AUSTRALIA

There is a rare piece of good news from the Australian Tax Office for artists and art buyers down under. A substantial tax break is being offered for purchases of new art before the end of the 2009 tax year.

Australian art scene commentator and advisor Valerie Kabov gives more details in her monthly newsletter:

The ATO has just confirmed that small businesses are eligible to receive an investment allowance of up to 50% on the purchase of artworks for the 2009 income tax year.

NB The allowance only applies to new artworks created by professional artists registered with an ABN.

To qualify for the allowance ATO requires that:

Businesses must be small with a turn over less than 2 million per annum;

Business must demonstrate a dominant business-related purpose for their display.

The works of art must be portable (capable of being moved from one place to another); and in a tangible/visible/displayable form.

Artworks may not be sold within 12 months of purchase.

The artworks must be purchased prior to December 31st 2009

The artworks must cost $1000 or over and be original works by living, professional living artists registered with an ABN.

Artworks bought as trading stock or that were owned by a party other than the artist are not eligible.

Artworks must be bought in the primary market i.e. through the artist, his agent or his dealer.

For more information contact Valerie Kabov at www.renaissanceaic.com.au. Renaissance aic describes itself as an independent educational art investment consultancy with expertise in emerging and contemporary Australian art, collection building and tailored art investment, valuation and procurement services.

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India Art Summit sponsor Rajshree Pathy has big plans for new art institute in India

Posted by artradar on August 26, 2009

ART EDUCATION MUSEUM INDIA

The Hindu newspaper reports that art collector and co-sponsor of the India Art Summit, Rajshree Pathy is to open an art institute and museum of contemporary art in Coimbatore India by 2011. She has named the entire venture Contemplate. She says:

The art institute will have post-graduate, under-graduate and short certificate courses. We will have a world-class faculty, including those from abroad, and will focus on all kinds of media separately – visual art, video, audio, digital, new media, et al.”

The museum will display works of contemporary artists. To begin with, it will have works mounted from her own collection, from Raza to Rameshwar Broota and Souza to Chintan Upadhyay.

Rajshree Pathy, art collector and co-sponsor India Art Summit

Rajshree Pathy, art collector and co-sponsor India Art Summit

Big plans, big stakes and a big venue says The Hindu but points out that Coimbatore is a city that has had little exposure to art. Rajshree replies rather contemplatively, “Coimbatore is a university area with over 100,000 students. It is peaceful – a must to think and produce art.”

Moreover, the course fees, she promises, will be “very affordable”. “My intention is to spread awareness of art to the masses. Today, our students don’t even know who Raja Ravi Varma is, forget contemporary artists. On the other hand, abroad, even small children are aware of Picasso. This is because art teaching has not been taken seriously at the primary level. We have IT, engineering and medical colleges, but how many art institutes do we have? There is nothing called art journalism in India. Courses on art as a business, how to curate art shows, art appreciation and its aesthetics; there is so much to explore for an art student.”

Discussions on affiliation with foreign faculties are on, and Contemplate is likely to be “fully operational” by 2011. “With a residential programme as an added feature, we also plan to expand to other cities,” says a smiling Rajshree.

Source: The Hindu

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Posted in Art spaces, Asia expands, Business of art, Collectors, India, Indian, Museums | Tagged: , , , , | 4 Comments »

Embedding the Bed in Public Space – interview Hong Kong artist and ParaSite director Tim Li

Posted by artradar on August 19, 2009

HONG KONG ART

Is there anything more private than your bed at home? So why has artist Tim Li been taking his folding bed out in public onto the streets of Hong Kong? Art Radar learns more:

Tim Li, once an architect and now the Chairman of Para/Site Art Space, held a “Dialogue with the Bed” – a solo exhibition and book launch – at the Fringe Club in Hong Kong (Aug 5 – 14 2009).

In a series of panoramic photography of his nylon bed installation in various corners of Hong Kong, Tim demonstrates his endeavor to bring personal space into public space.

Wendy Ma chitchats with Tim Li about his adventure with the “folding bed” and his views on the relationship between the urban environment and public art.

Pigment Ink on canvas

The West Kowloon Promenade by Tim Li. Pigment Ink on canvas. 2000X700mm. HK$28,000

Q: How long and where have you been traveling with your bed? 

3 years, since 2006. I chose the cities by chance. I first used the folding bed idea in Venice, at the Venice Architecture Biennale, and after that several public art projects in Sham Shui Po. In Paris, too. The whole concept was to get people involved in civic change, try to empower people to talk about their living environment and area – a community building exercise in the form of art creation.

At the time, I was working for the Housing Department. Public housing in Hong Kong had spanned 50 years. Now half of people in Hong Kong live in public housing. We regard it as one of the major urbanization tools for Hong Kong.

Nathan by Tim Li. Mixed Media. 2000X700mm. HK$33,000.

Nathan by Tim Li. Mixed Media. 2000X700mm. HK$33,000.

Q: What memorable or striking experiences have you encountered while lounging in the streets of cosmopolitans?

First of all, I was so amazed when I did my work in Mong Kok, on the Pedestrian Street. It used to be a street for traffic until few years ago it became a Pedestrian Street, where people can walk around and enjoy drama and outdoor performance. It’s a good example to illustrate that a public space can be transformed with a bit of management.  You change people’s mentality. I was kicked out at other places, but here at this spot people encouraged you to do things. People even gave me suggestions to play with the structure.

Another interesting and educational encounter was in Times Square (Radar note: an enormous retail and office development by Wharf which incorporates a piazza about which there has been controversy over what belongs to the public and what belongs to the developer). In the past, people deemed it as belonging to the developer owner. After the court case, people realized that these spaces should be used by public. While I was displaying work there, the security came to me and warned, “You’re blocking the circulation.” Unless there were other complaints, I didn’t think it was a problem.

Our Square by Tim Li. Mixed Media. 2000X700mm. HK$33,000.

Our Square by Tim Li. Mixed Media. 2000X700mm. HK$33,000.

Q: What management do you think is best for that?

For public space, negotiation is necessary. You don’t want to be used by several people who dominate the whole space. There’s no right or wrong answer. Flexible management allows possibility.

So even though a government sanctioned the space, it’s not run by the government.

HSBC 2 by Tim Li. Pigment Ink on canvas. 2000X700mm. HK$18,000.

HSBC 2 by Tim Li. Pigment Ink on canvas. 2000X700mm. HK$18,000.

Q: How did people from different parts of the world react to the folding bed idea?

People in Venice have never seen the folding bed. So interestingly, people asked me, “Where did you buy that?” Even in Paris, people posed similar questions, “Where was it made? Did you make it yourself?” They looked at the utilization side of it.

I didn’t encounter friction at all in Europe. People simply thought that I was a student. They were not surprised. But people in Hong Kong were more curious; they wondered if I was shooting a film.

Q: Do you have a favorite city or place? 

Hong Kong. I displayed the folding bed in West Kowloon, Mong Kok, Times Square, Sham Shui Po, and the Anderson Quarry in Sai Kung.

My favorite piece was the tunnel. It was so unique in that it was a space only for circulation. Like the tunnel in other parts of the world, there are neither restaurants nor shops. In a way it’s universal and presents infinite possibilities.

Q: What does the bed symbolize?

I was looking at the history of urbanization in Hong Kong since half of the people live in public housing. When it started 50 years ago, it was built according to a module of a bed. The bed is related to the urbanization process of Hong Kong. Moreover, “bed” is the most private space in our city. Bringing a private space into a public space is the ultimate intervention.

Our City 2 by Tim Li. Pigment ink on acid free paper. 280X700mm. HK$3,000.

Our City 2 by Tim Li. Pigment ink on acid free paper. 280X700mm. HK$3,000.

Q: Does the consistent usage of the color red for your folding bed have any significance?

Red is more prominent. The red, blue and white stripes on the canvas can enhance the power.

Q: And what about the horizontal, strip-lined frame?

I’m an architect, so I could go to different construction sites. I did a set of photographs with my phone, which had the panoramic format. It’s quite intriguing. To capture more of the panorama, I manipulated the images and did a series of ten for another project called My Family.

The 70’s were a redevelopment phase in the urban area in Hong Kong. 20 years later, the buildings were turned into another site. People only remembered about the developers and architects, but not the workers who built it. However, these workers could be some friends of yours, so they were actually part of you. It’s about people’s connection to time and space.

Q: How does your folding bed idea relate to public space?

The folding bed is just a concept to highlight the disappearing aspects of our culture. The main ideas are how to divide public space, how we found our public space, how we use it – these are the foundations of public art. There are many ways to use our public space and to debate about our city. Public art can serve as the medium to communicate with the people: to lead them to think about their living environment as well as to engage them in the discussion of what they want for their living environment.

It’s an attempt to get people to realize that they have ownership – not just responsibilities, but also possibilities that should come in the smallest scale, for communication purpose in revolutions. You can engage people to give their views about something. In Taiwan or other developed cities, public art is an apparatus for civilization, for the development of democratic societies. By pushing cultures, I hope it can be a tool for community building.

More about the Artist behind the Folding Bed

IMG_2637

Tim Li before his artwork. Photography by Erin Wooters.

Q: Is it difficult to combine your role as the chairman of Para/Site with being an artist?

Of course. I started to participate in Para/Site in 1997. Then I joined the Board of Directors in 2000. Since I was supposed to promote art and give opportunities to artists, it was hard to put my own work against others. Due to conflicts of interests, I’ve been low-key about my creations. After we shifted the responsibilities from the director of art space to the creator art space, I have more time for my personal pursuits. On top of studying and research, I started to pick up installation and painting again.

Q: Are you from Hong Kong?

Yes. Educated at the University of New South Wales in Australia with a major in architecture.

Q: How does that affect your art?

The Australian sunshine made me a very positive person [laughs].

Q: What do you think of the art scene in HK?

I think it’s very vibrant, but we need curators to initiate more ideas as well as for marketing and promoting. We have artists, aka the actors, in different areas to create artwork, but curators are the directors who brainstorm a theme for the artwork to appear relevant to a cause. 

For instance, for a theme on Hong Kong traffic, artists may interpret it as bus or taxi, while the curators make sure that the direction will be an interesting one and germane to the context of public space.

Q: Why are you exhibiting in the Fringe and not in Para/site?

Because of the conflict of interest. I want to keep it separate from running a show in Para/Site.

Q: Has Para/Site changed in any way since Alvaro joined?

Yea. We do much more planning. He’ll think of a strategy to make things happen.

Q: Where have you had exhibitions before? Any reviews available?

A few interesting ones are Venice Biennale 2003, Venice Architecture Biennale 2006, Hong Kong-Shenzhen Architecture Biennale 2008. You can also find a list of exhibitions and reviews in my book.

Q: Which artists have inspired you in general and in this exhibition? Have you heard of Tracy Emin?

Architects influenced me more, notably Peter Wilson and I.m. Pei.

Q: When did you know you were an artist?

I don’t even think about it.

Q: How do you see the art scene in Asia evolving?

It seems that the focus is shifting from mainland to other places like Korea and Philippines. It’s a good development and will open up more opportunities and perspectives.

Q: Which art publications do you read/recommend?

Articles and news by the Asia Art Archive, AM Post, Art Map, and Art Asia Pacific.

Q: Tell us about your book?

It incorporates articles about the folding bed idea.

Q: Which is your favourite art museum in Asia?

Miho Museum by I.m. Pei in Kyoto, Japan. I love how the museum is designed as a mountain. The museum and exhibits link with the surroundings.

Q: Do you collect art? Any particular genre or type?

Yes. I like works by designers such as Allan Chan, Freeman Lau, Stanley Wong, Keith Tseng, and artists such as Leung Chi Wo.

Q: Any information would you like about the art world? Is there something that you would like but is missing at the moment?

On the side of public art, there’s missing research on public art. How to value it not just as artwork, but how to appreciate it – not just art for art’s sake, but value it to help the society. How to bring out debates about certain things. Usually these cannot be valued. But people value artwork in money terms. This is the area where we need to incite more debates about art.

Contributed by Wendy Ma

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Posted in Art spaces, Artists as curators, Asian, Books, Chinese, Domestic, Gallery shows, Hong Kong, Hong Kong artists, Individual, Installation, Interviews, New Media, Nonprofit, Open air, Photography, Professionals, Public art, Space | Tagged: , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Bani Abidi on Indian video art, a medium on the rise – interview Tehelka Magazine

Posted by artradar on August 18, 2009

CONTEMPORARY INDIAN VIDEO ART

Who are the emerging Indian video artists and the collectors of this up-and-coming genre? How can collectors display the work and should they be concerned with authenticity? Where can video art be seen and bought? Read on to find out more:

Video art: it is new

Video has the capacity to move a viewer, express emotion, and provoke thought. It is no surprise, then, that contemporary artists who have grown up exposed to moving images and storytelling films are utilizing video to express their artworks, and the medium has been elevated to a fine art that is being embraced by museums and collectors alike.

However, video art has only existed for about the past 50 years, or since the equipment became easily available to creatives for use. It surprisingly took awhile to gain momentum in India, a country with a rich film-making history, and has only gained popularity in the past few years.

But it is here to stay

Now, however, video is a mainstay in the contemporary Indian art scene with galleries exclusively devoted to the medium such as the Apeejay Gallery which has solely shown video and film art for the past 5 years. Video art is a necessary part of the best well-rounded contemporary art collections too and can be found in important collections such as the Lekha and Anupam Poddar Collection with the Devi Art Foundation.

But, the question remains, what exactly is video art, and how is it different from ordinary film?

So what is it exactly?

Bani Abidi, an active Pakistani video artist with pieces on display at museums including the MoMA in New York and the Devi Art Foundation Delhi, sheds some light on the distinction of video art in an interview with Tehelka Magazine.

Mangoes, 1999, by Bani Abidi. Video, Single Channel, 3:24 sec. Two expatriate Pakistani and Indian women sit and eat mangoes together and reminisce about their childhood. An otherwise touching encounter turns sour when they start comparing the range of mangoes grown in either country, a comment on the heightened sense of nostalgia and nationalism that exists in the Indian and Pakistani Diaspora. Both the women are played by the artist, stressing the idea of a shared history.

Mangoes, 1999, by Bani Abidi. Video, Single Channel, 3:24 sec. "Two expatriate Pakistani and Indian women sit and eat mangoes together and reminisce about their childhood. An otherwise touching encounter turns sour when they start comparing the range of mangoes grown in either country, a comment on the heightened sense of nostalgia and nationalism that exists in the Indian and Pakistani Diaspora. Both the women are played by the artist, stressing the idea of a shared history."

“…A lot of artists work with abstract images. But then many don’t. The conventional idea of a plot, with a beginning, middle and end is only one way of storytelling. So if one wants to engage fully with the history and potential of the moving image, whether it is a feature film, a documentary, experimental cinema or an art work, the attachment to plot needs to loosen.

Defining video art is as difficult as trying to define painting as this or that type of image. Video art as a term makes more sense in historic terms. In the late 1960s, artists in Europe, Japan and North America had a grand time with the arrival of the first camcorder, the Sony Portapak…

Over the years, video art’s practitioners, influences and mediums have changed. The video medium is no longer of essence. Some artists use 16mm film and elaborate production methods to make short films, others fix their cameras on tripods and shoot performances in their studio. Some use broadcast quality video equipment to shoot an experimental documentary on the streets and yet another lot might just use archival television footage as material”

Shan Pipe Band Learns the Star Spangled Banner, 2004, by Bani Adibi. Video, Double Channel, 7:30 sec. " Video, Double Channel, 7:30 sec  Shan Pipe Band Learns the Star Spangled Banner, 2004  In November of 2003, the artist commissioned a brass pipe band in Lahore to learn how to play the American National Anthem, a piece that was not a part of their existing repertoire. Over an afternoon's sitting of listening to a recording of the music that had been provided them, and after much fumbling and practicing they were able to perform a version of it. The video is a recording of this process as well as a glimpse of their interaction and physical surroundings.  This piece is a metaphor for all forms of clumsy and forced cultural and political acquiescence that various individuals and governments have had to display towards the US in the past 3 years."

Shan Pipe Band Learns the Star Spangled Banner, 2004, by Bani Adibi. Video, Double Channel, 7:30 sec. "In November of 2003, the artist commissioned a brass pipe band in Lahore to learn how to play the American National Anthem, a piece that was not a part of their existing repertoire. Over an afternoon's sitting of listening to a recording of the music that had been provided them, and after much fumbling and practicing they were able to perform a version of it. The video is a recording of this process as well as a glimpse of their interaction and physical surroundings. This piece is a metaphor for all forms of clumsy and forced cultural and political acquiescence that various individuals and governments have had to display towards the US in the past 3 years."

When asked where to go to experience video art in India, Abidi replied:

Big galleries in Indian metros frequently feature video art. Gallery Espace in New Delhi hosted a year-long program called Video Wednesdays, where guest curators were invited to present their selection of videos once a week. It culminated in a discussion and a final show which took place last week. At the India Art Summit in Delhi (August 19 to 21 2009) you can watch over 90 videos.

Regarding notable Indian video artists, Abidi commented:

Nalini Malini and Ranbir Kaleka are two of the most senior practitioners of this medium and both incorporate their experience of painting and art history in their projects. A filmmaker like Amar Kanwar comes from a documentary film tradition. Younger artists like Shilpa Gupta, Sonia Khurana and Kiran Subbaiah move between the roles of activist, performer and cinematographer.

'Bird', by Sonia Khurana. Performance video, 1999. Duration, 2 minutes. Videotape, black and white, silent. Performed, shot, edited and conceptualized by Sonia Khurana.

'Bird', by Sonia Khurana. Performance video, 1999. Duration, 2 minutes. Videotape, black and white, silent. Performed, shot, edited and conceptualized by Sonia Khurana.

 

 

DISPLAY

An important distinction of video art lies within its display, which is a deliberate and important element of the artwork, and distinguishes it as more of an installation art piece than a conventional film.  Some artists provide buyers with highly specific drawn instruction of their display design, while others only require works to be played in a loop on a wall-mounted flat screen. Custom plans for the display of video art in a buyer’s home can get extremely creative, and include projection on suspended screens or other unexpected surfaces.

BUYERS

The all important question among the commercially minded arts scene: Does it sell?!? Like all commercially available art, contemporary video artists are keen to find collectors. Bhavna Kakar is a curatur-turned-gallerist who is embarking on a project promoting Indian video artists, and during an interview with the Times of India he remarks, “Five years ago, there were no takers but now works are selling.”  

Auction houses are also promoting Indian video art, with Sotheby’s selling Sonia Khurana’s video work Bird: Retake in the 2007 Southeast Asian art auction. Indian video artists have found support in both private collectors and museums, and an emerging group of contemporary art collectors, including the notable private collectors Anurag Khanna and Swapan Seth,  have collections that are mostly comprised of video artworks.

AUTHENTICITY

Video art may have a viable base of enthusiastic collectors, but a common problem now with the buying and selling of video is the issue of unauthorized replication that devalues the legitimate limited edition works produced by an artist. This problem has been addressed with authenticity certificates, which are official documents required for the buying and reselling of pieces. Artists are also including watermarks in their videos, which can indicate authenticity to curators.

Curators and gallerists believe that video art is a natural progression for the generation that grew up in front of the TV and surfing the internet [Times of India.] In addition, convenient platforms like Youtube  are making the display of video artworks to vast audiences very easy and cheap. The nature of video is also very tactile, as it can be easily edited and changed to create something new. Considering all these traits, more talented, tech-savvy youthful artists are sure to emerge. Arts-watchers should know, video art is officially a trend.

Read full interview with Tehelka Magazine here.

-contributed by Erin Wooters

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Posted in Anupam Poddar, Collectors, India, Indian, Interviews, Museum collectors, Nalini Malini, New Delhi, Shilpa Gupta, Video | Tagged: , , , , , , , , , , , , , , , , , , , , , | 2 Comments »

Korean Eye exhibition in Saatchi Gallery London extended due to popularity

Posted by artradar on August 12, 2009

KOREAN CONTEMPORARY ART

There is perhaps no greater indicator of changing tastes in London’s contemporary art scene and the West’s hunger for fresh cultural and artistic influences than the masses of people who came to witness the ‘Korean Eye: Moon Generation’ Exhibition, which showcases the finest contemporary Korean art at the renowned Saatchi Gallery in London. In fact, over 40,000 gallery-going visitors

Kim Joon, Bird-land Donald Duck, 2008.  From Korean Eye, Moon Generation. On view at Saatchi Gallery, London.

Kim Joon, Bird-land Donald Duck, 2008. From Korean Eye, Moon Generation. On view at Saatchi Gallery, London.

came to experience contemporary Korean art in just 2 weeks. The Saatchi Gallery originally planned to host the Exhibition from June 20th-July 5th, but the unexpected crowds inspired Charles Saatchi to request the exhibit continue until September 13.

 ’Korean Eye’ is a groundbreaking show for Korean contemporary artists, who have had very little prior exposure in London and the West.

Of the choice to extend the show, Simon de Pury, Chairman of Phillips de Pury and Company, comments: “The interest in Korean Eye has been so great that we felt the Exhibition must be extended. Korean contemporary art is not that well known in Europe and it is a privilege to host such original and exciting work.”

Among the honored guests at the exhibition’s London opening on July 2 were Cherie Blair, the wife of former British Prime Minister Tony Blair, and Sir David Tang, the founder of Hong Kong’s China Club and its acclaimed art collection. Cherie Blair was no doubt one of London’s art enthusiasts who discovered the richness of contemporary Korean art that evening, saying, “I didn’t realise that Korea had such a thriving modern art industry but this exhibition is extraordinary. The breadth of the works is fantastic and it has been a real privilege to meet some of the artists and view the works first hand.”

The show’s curator, 35 year old Lee Dae-hyung, came up with the idea for the show last March, and secured sponsorship and support from David Ciclitira, president of Parallel Media Group, the auction firm Phillips de Pury & Company, and Standard Chartered Bank. Lee is the head of the curating company Hzone, and has been promoting Korean artists in Seoul, Tokyo, London, and Beijing for the past 8 years. His next exhibitions include a showcase of experimental furniture designs titled ’Mad for Furniture’, and the December exhibition ‘Korea Tomorrow’, both to be held in Seoul.

I Miss You, by Jang Seung-hyo

I Miss You, by Jang Seung-hyo

The show’s popularity and enthusiastic London reception indicate a bright future for Korean contemporary artists on the Western and international scene, and suggest a new trend of Western fascination with Korean influence. Art enthusiasts, be aware: contemporary Korean art is certainly something to watch.

-contributed by Erin Wooters

    • Red River Flowing With Flowers Flame, by Kwon Ki-soo
  • Red River Flowing With Flowers Flame, by Kwon Ki-soo

Related links:

  • The Saatchi Gallery
  • Local Curator Brings Korean Art to Britain–JoongAng Daily–July 09
  •  

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    Posted in Business of art, David Ciclitira, Events, Galleries, Gallery shows, Korean, London, Saatchi, UK | Tagged: , , , , , , , , , , , , | 2 Comments »

    Collector Ciclitira, founder of Korean Eye, makes big plans for Korean art

    Posted by artradar on June 30, 2009

    KOREAN ART

    If you have an interest in Korean contemporary art, be sure to make time for the latest 20 minute podcast from Arttactic, a London-based research house.

    In it, British collector and sports promoter David Ciclitira, together with Rodman Primack, Phillip de Pury’s London chairman, discuss Korean Eye, a multi-year initiative founded by Ciclitira which aims to promote Korean contemporary art to a Western and ultimately international audience.

    Hyung Koo Kang, Woman, 2009

    Hyung Koo Kang, Woman, 2009

    Korean Eye is holding its first 31 artist exhibition at The Saatchi Gallery in London until 5 July 2009 and the exhibition catalogue is available online. “This space in London is the iconic space right now, it has three to four thousand people a day going through the space in 20 days, so we’ll have 60 to 80 thousand people coming through, so that will be good” says Ciclitira in an interview with Art Market Monitor.

    None of it’s from my collection. It’s all brand new. It’s all for sale. I’ve built up a collection of Korean contemporary art in the last two or three years. But I asked a young curator to put the show together, so it’s his choice of artists. I don’t necessarily agree with all of it, but when you hire a curator, you let them do it.

    Later Ciclitira plans to bring a larger Korean Eye-branded show to other ‘markets’  including perhaps Singapore, Abu Dhabi and Hong Kong.

    Seung WookSim, black mutated ornamentation 2007, hot glue on steel frame

    Seung Wook Sim, black mutated ornamentation 2007, hot glue on steel frame

    ‘The Korean Eye’ initiative is interesting on several fronts:

    1. Bringing Korean art to the West

    Korean contemporary art has, as yet, had little exposure in the West.

    Chinese and Japanese contemporary art have already received academic and critical attention from universities and museums in Western cultures. However unlike Japanese art which has experienced long international exposure and Chinese art which has strong national support from economic growth, Korean art is in the shadows. note 1

    Ciclitira points out in the podcast that although show catalogues produced in Korea are of a high quality, there is not yet a bilingual book on Korean contemporary art, a gap which ‘Korean Eye’ plans to address in the next 18 months.

    Koreans have a 25 year history of collecting Western artists but support for local artists is burgeoning. There has been a growth spurt in the number of Korean galleries in the last 2-3 years and artists are not harnessed to individual galleries. The resulting competitive environment created keen pricing even before the recession. Now the recession is stimulating further discounts. Korean galleries are present at Asian art fairs and have set up galleries across Asia but are still rare further west.

    Park Seung Mo, Contrabass

    Park Seung Mo, Contrabass

    2. Bank sponsorship money can still be found …in Asia

    Funds available from bank sponsorship have been thin on the ground since the Lehman collapse in autumn 2008. While the Hong Kong Art Fair ‘09 failed to find a replacement sponsor for Lehman, Ciclitira has had better luck:

    I’ve been very fortunate to be sponsored by Standard Chartered. That’s not a bank known to many American people. It’s now Britain’s second-largest bank. It was the only bank that didn’t invest in subprime. It’s in 108 markets around the world. It’s highly profitable. It’s basically a Hong Kong-based business. But it’s the largest single foreign investor in Korea. They bought a major bank there, and it’s a really super bank which supports, locally, art. That’s one of the things that they do. And they’ve been really, really supportive of this project. I have been amazed how much traction we’ve gotten from their involvement. So in this time of recession, they’ve been very helpful and we hopefully get to work together with them in the future to build it in other markets.

    3. Branded selling exhibitions – a new style of show

    Finally ‘Korean Eye’ represents a new style of branded selling exhibition which brings together a collector’s passion, government support, bank sponsorship and auction house sales expertise.

    Somewhat like Saatchi, Ciclitira has a background as a professional promoter and an ongoing passion for art. But whereas Saatchi has chosen to exhibit his own self-curated non-selling shows, Ciclitira makes no bones about his plans to develop ‘Korean Eye’ as a brand of selling shows. While he admits to having experienced a steep learning curve:

    What I’ve found interesting in this whole learning process is how unsophisticated the art world is, because when you work in major sports events, there are more dates, so much more research, everything is television linked to media values, and art feels amateur when you look at how they do things, and it’s no small wonder that when they need to raise massive money, they find it quite hard.

    David-Ciclitira-330x449

    Collectors who, in the later stages of the their collecting career, want to be involved with supporting the evolution of art, come from backgrounds of all kinds. It will be fascinating to watch what kind of influence this sports promoter will bring to the democratisation of art through branding and media involvement.

    I worked a long time with UBS, and I have access to all their research, and their research, number one for their clients was golf. Art came in third, I think, classic cars or wine were second. The reality is, it’s out there. I believe the art market goes beyond your top bracket. My people all started saying, “The chairman’s crazy, he’s going to do this,” and they’ve all ended up loving it. “Can I get my bonus in a piece of work?”

    The problem with the art world is that they’re a bunch of snobs. The reality is that gallerists make people feel as if they’re not wanted, and I think this is part of the breaking down of what will happen in the next 10 years, more people will want to get involved.

    It sounds like Ciclitira is a man with a mission to make that happen.

    Note 1 Korean Eye Moon Generation catalogue Page 9, Joon Lee Deputy Director Samsung Museum of Art

    Artists

    Ayoung Kim, Bahk SeonGhi, Boomoon, Cho Hoon, Choi TaeHoon, Choo JongWan, Debbie Han, Han KiChang, Hong KyongTack, Jang SeungHyo, Jeon Junho, Kang Hyung Koo, Kim Inbai, Kim Joon, Koh MyungKeun, Kwon KiSoo, Lee Dongwook, Lee HyungKoo, Lee LeeNam, Lee Rim, Lee Ufan. Lee Yong Baek, Lee YongDeok. Park JungHyuk, Park SeungMo, Park SungTae, SeungMin Lee, Sim SeungWook, Whang Inkie, Yi HwanKwon, Yoon Jong Seok

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    Posted in Asia expands, Corporate collectors, David Ciclitira, Democratisation of art, Galleries, Gallerists/dealers, Gallery shows, Korean, London, Overviews, Saatchi, Yi Hwan-Kwon | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

    Newslink round up Art Basel 2009 – Indian, Japanese artists dominate coverage of Asians

    Posted by artradar on June 24, 2009

    ART FAIR

    Much of the traditional coverage of Art Basel takes the same format: descriptions of some highlighted artworks are interwoven with information about sales generally and, dealers willing, specifically. From this gathering of anecdotal, far-from-objective evidence some kind of assessment of the buoyancy of the market is made.

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    This year the consensus view emerges that, from a base of very low expectations and to the relief of dealers, sales were made and perhaps were even quite strong.

    Blogs offer some alternative reporting – see in particular the Sojones blog about the fast-selling artwork “Simple Things” – made of everyday objects encrusted with tens of thousands of precious jewels – which was a collaboration between musician Pharrell Williams and Takashi Murakami. This post by a non-fine arts blog took one small element of the fair and provided a link-rich comprehensive report. This may be a glimpse of the future of arts reporting. We hope so because there remain many untold stories about the fair …

    Other themes extensively reported by the papers and blogs included  Brad Pitt’s purchases. Less predictable was the wide coverage given to “Il Tempo del Postino“, described as a show in time rather in space and as the “world’s first visual arts opera”.

    For a list of Asian artists given press coverage see the tags at the bottom. Their names are also highlighted in grey in the article descriptions. It is interesting to note that these were mostly Japanese and Indian.

    Collectors pleased with Art Basel 40 FairJapan Times – 19 June – “Art market is surprisingly healthy” Sep 09 to Mar 09 was difficult for dealers but Basel has coincided with an uptick in activity. Sales by Hiroshi Sugimoto. Other Asian artists mentioned included veteran Yayoi Kusama, and new or under-rcognised artists such as Teppei Kaneuji, Ei Arakawa.

    After Art Basel, dealers have high hopes for London salesWall Street Journal – 19 June – Fair organisers talked of ‘unexpectedly strong’ sales and dealers seemed happy though no final sales figure has been released. 61000 visitors the highest number ever.

    2509BK1

    Recession appealThe Economist – 18 June – A piece about sales – “by all nebulous barometers, business in Basel was satisfactory, possibly even very good”. Sales included Indian artists Anish Kapoor, Raqib Shaw. Posits 4 reasons for buoyant sales: return of collectors in down market, discounting, diversion of money out of Swiss bank accounts and perception art a stronger asset class.

    Art Unlimited Part 2 – Art Basel videoVernissage TV – 16 June – In this video walkthrough find works by Gabriele di Matteo, Li Dafang, Willem Boshoff, David Shrigley, Marcel van Eeden, Mel Bochner, Anthony McCall, Sigmar Polke, Steven Shearer, Lawrence Weiner, Goran Petercol, Aernout Mik, Stephan Balkenhol, Tatjana Doll, Chen Zhen, Natalie Djurberg, Sarah Oppenheimer, Bharti Kher, Falke Pisano, Clegg & Guttmann, Banks Violette, and Hans op de Beeck.

    Art Basel Vernissage - Arrested Motion – 16 June – Over 60 images of artworks

    Jeppe Hein loop bench at Art BaselDesigncrave – 15 June – Good pics of this piece of large crossover art.

    Pharrell Williams’ and Takashi Murakami’s “Simple Things” sold for more than $2millionSojones – 15 June 2009 – One of the most comprehensive pieces to cover the sale within 30 minutes of the opening of Simple Things, an artwork encrusted with 26,000 jewels by music man Pharrell Williams in conjunction with Takashi Murakami. A link to a great video interview with Farrell talking about the artwork.

     Art 40 Basel: Extraordinary quality, surprisingly strong results - Art Basel press release – 14 June – This press release is a closing statement rounding up the fair’s achievements and successes. Lists artists who attended including Subodh Gupta. Over 50 museum groups attended. Over 61000 visitors, over 300 galleries from 29 countries, more than 2500 artists. “Il Tempo del Postino”

     

    Art Basel 2009 – videoVernissage TV – 13 June – video walkthrough

    Surprise success: Art Basel dispels credit crunch blues - The Art Newspaper – 12 June – Lists celebrities and collectors present. Fewer American collectors mostly Europeans did the buying. “The recession compelled dealers to bring their best”. Everyone was “sniffing”‘ for discounts and if dealers were flexible sales were made. Long list of specific artwork sales made.

    Window shoppers – seasoned collectors spend carefully at Art BaselWall Street Journal – 12 June –  A list of collectors who visited (American collectors: the Horts and Craig Robins) and art advisers (Sandy Heller who buys for Steve Cohen and Philippe Segalot adviser to Francois Pinault owner of Christie’s).  Also lists some of 101 artists who were also at Venice Biennale. Relief that some sales were made. Describes ways galleries saved money. Asian artists mentioned On Kawara, Subodh Gupta.

    A Thriftier Lot comes to Art Basel this yearNew York Times – 11 June – This piece lists some of the artwork highlights on show and collectors and curators who attended. Art was more conservative than last year and focused on big rather than new names. Expectations so low that there was relief that some business was done.

    Warhol price slashed as Art Basel fights slump with bargainsBloomberg – 9 June – Long 25 paragraph piece made up of snippets of market information based on gallery interviews. Leading para is about trimming of prices this year – other interesting comments: Art Basel will be 2 shows this year both work on show and discreet consignment sales on behalf of collectors; Kapoor prices holding steady, pure New York market gone with some dealers missing this year but still interest from Asia and some parts of Europe.

    Art Unlimited – Art Basel video part 1 - Vernissage TV – 9 June – This year’s Art Unlimited exhibition of the international art fair Art 40 Basel in Basel, Switzerland, marks the tenth edition of Art Basel’s sector for large sculptures, and installation and video art. Works by Elisabetta Benassi, Yoshitomo Nara, Beat Zoderer, Sislej Xhafa, Ayse Erkmen, Pascale Marthine Tayou, Fabrice Gygi, Surdashan Shetty, Farhad Moshiri, Jesús Fafael Soto, Sterling Ruby, Laurence Weiner, Franz Erhard Walter, Steven Shearer, Nedko Solakov, :Mentalklinik, Natsuyuki Nakanishi, Stephan Balkenhol, and Matthew Day Jackson.

    Editor’s Picks: Art Basel Preview - Artinfo – 8 June – Useful link to an image carousel showing works being presented at 42 galleries, many with price information.

    For art lovers Basel doesn’t end at the fairNew York Times Travel Section – 7 June – Long comprehensive post covering what to eat, where to sleep and what to see in Basel. Brief overview of Art Basel (40th anniversary, 300 galleries, 2500 artists, not much art after 1970s) and an interesting look at the exhibitions by museums (the result of 5 centuries of wealth and “public-mindedness”).

    Locals Rule: Alternative Art spaces gear up for Art BaselArtinfo – 6 June – List of activities offered on Basel’s alternative art scene.

    Basel, more than a fair cityNew York Times Travel section - undated – 9 enticing images of hotels and restaurants

    The Art Market: the biggest fairs around the worldFinancial Times – Georgina Adams – 6 June – A few paragraphs of Basel coverage in this piece covering art fairs. Two distinguishing events at Art Basel: Art Unlimited an exhibition of large scale works in 12000 sq m hall and Il Tempo del Postino which sets time limits on art display. Two more paragraphs speculate about pricing strategies.

    Meanwhile in Basel Contemporary Works you can buyWall Street Journal – 5 June – Short prefair description of event and some works

    Related links: To see the online catalogue visit http://artbasel-online.com/

    Related posts:

  • Newslink round up – Art HK 09 – May 09
  • Japanese photographer Hiroshi Sugimoto – 4 fascinating video interviews – May 09
  • Which 5 Indian artists would you dare to buy now? – May 09
  • Art Dubai 2009 – who sold what to whom? – Mar 09
  • Who are the top artists at art fairs? - Mar 09
  • Newslink round up Arco Madrid 2009 – Feb 09
  • Subscribe to Art Radar Asia for round ups of art news coverage

    Posted in Anish Kapoor, Bharti Kher, Collectors, Fairs, Farhad Moshiri, Hiroshi Sugimoto, Indian, Japanese, Jewel art, Market watch, Sudarshan Shetty, Takashi Murakami, Time | Tagged: , , , , , , , , , , , , , , , , , | Leave a Comment »