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How Much is That Art Worth?

DeChant Art Consulting, LLC

Teresa M DeChant
How Much is That Art Worth ?  
When encountering artwork, people often ask some of the following questions. Who
is the artist? When was it made? How was it made? What does it mean? There is, however, one other popular question regarding art that people of all ages and all backgrounds tend to ask: how much is it worth?

This question is not as easy to answer as the preceding ones, because the answer depends on the intersection of three fluctuating elements: art collecting, art history and the art market.
Art collecting is the basic foundation for how values are assigned to artwork. Those
who collect art include individual collectors, corporations and museums. While individual art collectors may pay the same high prices for artwork as corporations and museums, the function of these collections differs greatly. Most simply, individual art collectors collect for themselves, while corporate collectors and museums collect for their institutions and a public audience. Individual collectors may someday deposit their artwork into museums, but collecting categories tend to be more rigid in corporations and museums than for individual collectors.
These collecting  categories are directly related to art history.  It is art history which defines which artists and artwork are valuable to our society and are deserving of further study.

In some sense, once a work of art becomes famous, its intrinsic value increases, as does its financial value. Art history, however, does not happen overnight. It is a process that involves weighing the impact an artist has had on the art world, based on exhibitions, reviews and influence on other artists.
The market depends on art history and encourages art collecting, the foundation of the art market stems from a basic economic rule: supply and demand. It may seem greatly disrespectful for the value of artwork to increase after an artist is deceased, but again, market value assignments depend on rarity. Once an artist is no longer living, the supply of their artwork becomes limited and their artwork increases in value.

This short essay only gives a glimpse as to how value is assigned to artwork. It does, however, offer insight into the systems of art collecting, art history and the art market that together inform individuals, corporations and museums what artwork to buy and how much to pay. However, looking at financial value alone when determining the success of an artist is not always sufficient.
An artist should have their artwork in important exhibitions, as well as in museum and corporate collections. These factors are just as important.
These collecting categories are directly related to art history. It is art history that
Art history and art collecting together influence the art market. Although the art
This short essay does not fully answer the question it posed in the first paragraph
A successful artist should have artwork in important museum and gallery exhibitions.
These are as important to make an artist successful as the actual sales and again, demonstrate that art collecting, art history and the art market collectively and systematically
answer the question….. “How much is that art worth?

 

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Tom Wesselmann

Fast Sketch Still Life with Abstract Painting, 1989

Screen print in colors, on Museum Board, signed and dated in pencil, Ed. 100, (there were also 12 artist’s proofs), published by International Images, Inc., Putney, Vermont, with full margins, slight rippling

Image: 47 x 73 in. (1193 x 1403 mm.)

Framed: 57 x 84 in. (1447 x 2134 mm.)

$25,000

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Expo Chicago

I found his artwork interesting in documenting history but also perhaps reflecting in a totally different way, John Chamberlain’s work.

Olaf Metzel (born in 1952) is one of the most influential sculptors in Germany. His installations and objects in the public realm, which reflect his particular interest in social topics, have met with especially great critical acclaim.

At Expo Chicago, the WENTRUP booth shows several of Metzel’s wall works, also made of welded aluminum. These depict enlarged newspaper articles, which he folds against the resistance of the material. Metzel’s wall works deliberately use previously published articles and vintage cartographical material.

Source material for the sculpture “Avalanche” for instance was an old edition of the identically named American art magazine, which was published in New York during 1970 – 1976. Avalanche was a completely new format, which frequently involved artists into the creation and production of the magazine.

Another sculpture deals with the American novelist, short story writer, essayist, painter, and spoken word performer William S. Burroughs. A primary figure of the Beat Generation and a major postmodernist author, he is considered to be one of the most politically trenchant, culturally influential, and innovative artists of the 20th century.

The sculptures generate new meaning by their selective use of specific pages as sculptural ingredients. In so doing, they speak equally eloquently to the history of print media and storytelling, to cartography and its grandchild Google maps and, not least, to what specific parameters of information are able to encompass and what was considered unimportant enough to be left out. The final result communicates a physical lightness despite the heaviness of its material – folded against its intrinsic resistance.

Since beginning to work as an artist, Metzel has remained interested in finding ways of transferring political struggles into the materials he works with.

Metzel had his first solo exhibition in 1982 in West Berlin at Galerie René Block; subsequently he had numerous solo shows both in Germany and abroad, including Documenta 8 (1987) and twice at sculpture projects Münster in 1987 and 1997.

Last year Kunstverein Hamburg presented a comprehensive survey of his works of the last 30 years. His work was recently on view at Museum für Konkrete Kunst in Ingolstadt, Germany.

Solo exhibitions in 2015 include venues such as Neue Pinakothek in Munich, Neues Museum Nuremberg, Kunsthal 44 Møen in Denmark and Kunstraum Innsbruck in Austria.

His works are in various major collections such as Museum Ludwig, Cologne, Hamburger Kunsthalle and Sammlung Falckenberg, Hamburg, Deutsche Bank Collection, Berlin, Centre Pompidou Paris, Pinakothek der Moderne and Lenbachhaus, Munich, Staatsgalerie Stuttgart, Stuttgart, Kunstsammlung NRW, Düsseldorf, ZKM, Karlsruhe and Collezione Sandretto Re Rebaudengo in Turin, to name some.

In fall of 2015 works by Metzel will be shown at the Berlinische Galerie in Berlin as part of the René Block collection.

Upcoming solo exhibitions take place at Neue Pinakothek in Munich and at Neues Museum in Nuremberg.

Since 1990 Metzel holds the professorship in sculpture of the Academy of Fine Arts in Munich, where he also lives and works.

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CSU Art Galleries Presents – ANDEAN SPIRIT: PAST AND PRESENT

CSUArtGallery_Header Cleveland State University Art galleries:

Thursday, August 27 – Saturday, October 3

South Gallery

Andean Spirit: Past and Present

Paintings by Ana Maria Pizarro, Peruvian artist and advocate for indigenous people’s rights with themes revolving around ancient Andean culture and its persistence in modern Peruvian society. Presented by CSU’s Latinos Unidos.

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Akron Museum of Art Contemporary Art Collection at the Transformer Station

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Akron Museum of Art Contemporary Art Collection at the Transformer Station 
 
Great location from the EASTSIDE AND WESTSIDE!
Transformer Station
1460 West 29 Street
Cleveland, OH 44113

216-938-5429

You can preview it all online!… However,  do not miss the elegance and exquisite design of the Transformer Station!
The link below is how the curator planned and executed the labels..there were no labels on the wall ….just use your iPhone and enjoy the details!
I hope you will find time to enjoy this fascinating Fine Art exhibit whenever your schedule permits ….before December 6 !
Visiting Hours:
Wednesdays: Noon to 5pm
Thursdays: Noon to 5pm
Fridays: Noon to 5pm
Saturdays: 10AM to 5pm
Sundays: 10am to 5pm
Free admission
This Important Contemporary Art Exhibition is a snapshot of the best artists in the world today. It will irresistibly draw you back for more ….and you can continue the experience at the Akron Museum of Art!
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Invest In Art You Love

In the 1960s, Herbert and Dorothy Vogel, who lived in a one-bedroom apartment in New York, started buying art. They acquired works by emerging artists—not well known but making exciting work—and built up a collection of over 4,000 works, including Roy Lichtenstein, Donald Judd and Chuck Close. In 1992, they donated it to the National Gallery of Art in Washington, D.C.

Buying work by emerging artists, is a great way to start an art collection with the potential for financial gain. Outstanding emerging artists so that you can be among the first to discover a new art star and acquire works with the potential to rise in value.

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Freaky Flowers: Echinopsis Cacti in Bloom

Freaky Flowers: Echinopsis Cacti in Bloom from EchinopsisFreak on Vimeo.

A montage of a dozen types of Echinopsis cactus flowers blooming. And wilting. And just generally showing off their mind-blowing colors. My favorite cactus flowerings from the 2014 blooming season.

Echinopsis cactus flowers bloom overnight and the flowers last for only a day. Actually, the flowers are at their peak beauty for an hour or two at the most. That's what turned me from a cactus enthusiast into a cactus photographer … the desire to try to preserve some aspect of their freaky beauty. Prior to becoming an Echinopsis addict a few years back, I had never owned a DSLR or image/video editing software.

The cacti shown in this video come from my collection. The evening when it looks like a plant's flowers are about to bloom, I bring it indoors to image. Most of the clips in this montage show approximately 8 hours of change as the flowers open and bloom. A little more than halfway through the montage, there's a series of three clips showing different views of a 24-hour period in the life of a yellow-flowered 'Daydream' plant. Six flowers that opened the night before I started filming wilt to nothingness and another 4 flowers grow dramatically and then open. This series of 'Daydream' clips is followed by another three showing other types of flowers wilting. These additional wilting clips are also taken over a daylong period.

The question I'm asked most often about my cactus flower still images and timelapses is whether I've "Photoshopped" them, that is, have I used editing software to juice things up and create the flowers' intense colors. I do, of course, use Photoshop and Lightroom and other editing software. But not in the way most suspect. Rather than using these tools to overstate reality, I actually use them to reduce the intensity of the colors my camera captures. I have reduced the color saturation in every timelapse clip in this video by a minimum of 10% and some ('Yes', 'Cabaret' and 'Antimatter') by 30% or more in order to have something that wasn't just completely blown out.

I hope you enjoy "Freaky Flowers" and invite you to contact me via my Vimeo account and/or visit www.echinopsisfreak.com where you'll learn more than you ever wanted to know about these cacti and also be able to reach me via a contact form should you wish.

The 2015 blooming season is just about to start now that April approaches and I hope to be posting new timelapses soon here at Vimeo.

Best! Greg

Video: Greg Krehel. Sound: "Chin Swee Sunset" with the permission of the artists O$P$ (Owe Money Pay Money) … SoSolid Records