Art Radar Asia

Contemporary art trends and news from Asia and beyond

  • Photobucket
  • About Art Radar Asia

    Art Radar Asia News conducts original research and scans global news sources to bring you selected topical stories about the taste-changing, news-making and the up and coming in Asian contemporary art.
  • Advertisements

Posts Tagged ‘Chinese art collectors’

88-Mocca: how one collector is using technology to share his collection

Posted by artradar on April 7, 2010


ONLINE CHINESE CONTEMPORARY ART MUSEUM

Technology can be a powerful source for democratisation of art.  In this post we invite you to explore how one collector is using technology to turn his collection into an on-line museum and resource.

88-Mocca is an online museum that exhibits Fritz Kaiser’s collection of Chinese contemporary art, including prominent works by Zhang Xiaogang, Zhang Huan, Zeng Fanzhi, and Wang Guangyi.

It is not a novel concept but has the art world fully understood the lack of limits offered by an online museum. Admittedly works cannot be viewed physically which is a self-evident drawback. But against this art on-line enables viewers who would never have access to physical art works to access art. 

 On this site for example many major works of Chinese contemporary art can all be accessed in one place. And unlike a brick-and-mortar museum, it is possible to access 88-Mocca at all times, day and night. There are no limits to the number of exhibitions and content which can be put up creating easily accessed exhibition space that can also be changed at little extra cost. With no limits to the number of visitors, viewing times, number of exhibitions it is exciting to consider what effect this will have on bringing art to a new wider audience.

Wang Guangyi, Great Criticism: M&M's

Wang Guangyi, Great Criticism: M&M's

The power of the Internet has truly manifested itself here: aside from accessibility, users of sites such as 88 mocca are able to interact with art in ways they could not in traditional museums. You might find audioguides in traditional museums  but this site offers the ability to comment on works (allowing a conversation between viewers separated by time and space) and send e-cards.

Special exhibitions have been introduced: currently there is one by Yu Youhan in collaboration with ShangART gallery. There are videos that showcase specific pieces by artists and interviews with them.

Yu Youhan, Thermos

Yu Youhan, Thermos

Museums and the Web conference

If you are interested in learning more about museums and how the potential of the web can be harnessed, a international conference called Museums and the Web is held annually. Then next edition will be on April 13-17 2010 in Denver Colorado but papers from this and past conferences are all available to view on-line.

AL/KCE

Related Posts:

Subscribe to ArtRadarAsia for more information about art and the internet.

Advertisements

Posted in Art and internet, Chinese, Democratisation of art, Fritz Kaiser, Individual, Resources | Tagged: , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Who is buying Chinese art? The Mugrabi family is

Posted by artradar on March 8, 2009


CHINESE ART COLLECTING

Not everyone is deserting the art market. Artzine, a site which focuses on Chinese art, reports that

Sotheby’s Contemporary Art Auction in London in early February had a few surprisingly strong sales. A Zeng Fanzhi piece from his “Mask Series,” beat estimates and sold for about $880,000 and a Yan Peiming “Mao” portrait from 2004 sold for $459,000. A Wang Guangyi mixed media piece with a bicycle sold for about $193,000.

But this is a recession isn’t it? Who is buying?

Mugrabi family

Mugrabi family

Zeng’s work was purchased by Jose Mugrabi , one of the world’s most aggressive collectors of works by Andy Warhol and Damien Hirst . One of the few benefits of the recession is that it reveals to galleries and artists those core collectors who will support their activities through downturns in the market.

I was on a bus recently with a marketing executive from a prominent Hong Kong gallery and I asked her how gallery sales were going in the recession.  Were they bearing up? “Well,” she said “of course all the middle class who were buying for their walls have gone. It was ridiculous last year.  At the Hong Kong art fair, we were selling pieces like checkout girls in a supermarket.”

And now? Are you selling anything at all? I asked.

“Thanks be for collectors” she said looking heavenward. “They still come in to get their fix, they are like addicts. They can’t help themselves”.

Gallerists have an insider’s view revealing how grimly compulsive art collecting can be for some. The justifications and rationalisations only serve to underscore the power of the drive to collect.

The New York Times has just published a fascinating piece delving into the motivations of the Mugrabi family. These collectors-cum-dealers own over 3,000 pieces which were worth over US$1 billion at one stage during last year’s market high.

As private dealers, the Mugrabis do not own a gallery or represent artists. They buy or sell works in about 100 art auctions annually, nearly one every three days. And the rest of the time, they buy and sell through galleries and fellow dealers.

“We’re market makers,” Alberto said. “You can’t have an impact buying one or two pictures per artist. We’re not buying art like Ron Lauder – just to put it on a wall. We want inventory.” He equated inventory with liquidity: “It gives you staying power.” In the commodities sector, the analogue would be making a run on a precious metal – in order to manipulate the price.

To ramp prices in a rising market can be highly rewarding but surely it is not quite such a good strategy as the market drops away. According to the New York Times, the Mugrabi family insists

they will be able to continue doing what they do, regardless of how the ground may have shifted beneath their feet. “We’ll become more like collectors and less like dealers now,” David said. “More buying, less selling.

A supportive friend points out that that they buy to protect the prices of their existing holdings

For the Mugrabis’ preferred artists, the family doesn’t merely operate in the art market; it is the market. “They’re so invested, they’re like the casino, not the gambler,” said the gallery owner Francis Naumann, a friend. What threatens them at an auction is not the presence of other aggressive bidders but cautious bidders.

“If it’s good for Sotheby’s and Christie’s, it’s good for us,” Alberto said.

But is that the entire story? The New York Times has something else to say.

The Mugrabis give the impression that, no matter how well they have played the market up to now, their compulsion to buy and sell art is not entirely rational.

Back in the early 1990s, when Jose was still making his ascent, he got “a little overextended” purchasing art, he said. Asher Edelman, a financier and art dealer who is acquainted with the Mugrabis, said that about five or six years ago, Jose told him over lunch that he was “nervous” about being overinvested in art. “I told him, ‘Look, why don’t you sell off some of your collection, stop buying, and you can lay low for a few years?’ and he said that was a good idea,” Edelman recalled. “Then he kept on buying.”

Thanks be for collectors indeed,  thanks be for the Mugrabis.

Contributed by Kate Cary Evans, editor Art Radar Asia

Sources: New York Times (this is a long but fascinating piece, well worth a read)  Artzine

Related categories: Collectors, Art recession, Chinese art

Related posts:

Subscribe to Art Radar Asia for the latest on the art recession and the activities of collectors

Posted in Chinese, Collectors | Tagged: , , , | 2 Comments »