Art hasn’t been independent of finance for a long time. At some point in the past, something clicked. These beautiful objects offered more than just visual and spiritual power, they could also deliver on the bottom line.
This was inevitable. James Goodwin, in his detailed book The International Art Markets: The Essential Guide for Collectors and Investors, remarked that “the development of the art market is simply the development of a trade in a specified product”.
You can, therefore, sell anything, so why not art? The industry evolved and today it is a giant entity, robust and profitable and utterly captivating. It is always on the go, international as it is in scope, with one major exhibition happening in New York and another in Hong Kong.
Keeping on top of what pieces are most favourable at any given time is a complex and time-consuming affair and often hard to gauge. It is all about developing contacts, keeping abreast of auction house releases and understanding where the work exists in the now.
A lot of it is just about gut. You can exist outside of the cluster of what is in and out and look beyond the confines of the establishment. Build up a collection or portfolio on taste – in itself based on knowledge – and you will do well. Here are three artists to consider and be sure to remember hiring fine art removal services when dealing works of art.
Matthew Day Jackson
The American multidisciplinary artist Matthew Day Jackson utilises a lot of familiar iconography in his work, making it all at once visually recognisable, despiteits obvious originality.
Central to much of what he does is the duality of most historical moments, a truth that can be determined by that idea that there are always two sides to a coin. That can be good, bad or inconsequential. It is for the reader to determine.
His luminous work Seer, which is priced at £3,420, sees Jackson remanufacture the ubiquitous image of a skull and its reminder of death and reinterpret it as a meditation of the body’s spiritual/mechanical energy and how that shapes the world.
The American sculptor Joel Shapiro may well have a lifetime of art under his belt – he is now aged 72 – but that has not diminished his enthusiasm for producing original works and deriving new insights.
His work is known the world over, as is exemplified by the fact that he has delivered 30 commissions to produce pieces in major European, American and Asian cities. His style is defined by simple rectangular forms, sometimes enriched with colour.
Untitled (Double Red), valued at £1,368, is a two-colour lithograph that continues Shapiro’s investigations into form, colour and space and how all three can exist as equals. What magic can be arrived at through them?
The American artist Phyllis Galembo is a fascinating individual whose preoccupation with ritual masquerade has seen her make numerous trips to Africa and the Caribbean to capture the illuminating costumes and rituals associated with religious practices.
Interestingly, taken out of context, these elaborate costumes would not look amiss at a fashion show, suggestive as they are of haute couture. They are beautiful but because we are alien to this world, a feeling of uncertainty manifests itself.
Atal Masquerade, Emanghabe Village, Nigeria, valued at £3,109, is a classic example of a disconnect that is evident in human life. We can no longer understand what we are presented with without context of mass media and that is problematic.
All work discussed above can be found on Artspace.