Art Market Monitor

Global Coverage ~ Unique Analysis

Interview with Santa Fe International Folk Art Market

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[audio:http://www.artmarketmonitor.com/wp-content/uploads/2011/06/Santa-Fe-International-Folk-Art-Market-Interview-with-Charlene-Cerny-and-Judith-Espinar1.mp3|titles=Santa Fe International Folk Art Market Interview with Charlene Cerny and Judith Espinar]

The Santa Fe International Folk Art Market is a unique institution. A non-profit organization that holds a massive 22,000+ attendee market each July in Santa Fe to bring together dozens of artisans from around the world with an eager audience of American buyers (including fashion houses like Yves Saint Laurent scoping out new ideas and suppliers..)

Click on the audio player above to listen to Judith Espinar and Charlene Cerny on the origins of the market and its goals–not to mention the rapid pace at which they’re outgrowing the original plan.

Philip Hoffman, Fine Art Fund

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Philip Hoffman of the Fine Art Fund has been getting a lot of attention lately after striking a deal with Emirates NBD to manage assets raise for art investments.

That seemed like as good an excuse as any to get more information about the Fine Art Fund, art investing and the expectations of the asset management community.

[audio:http://www.artmarketmonitor.com/wp-content/uploads/2011/02/Philip-Hoffman-on-Fine-Art-Fund.mp3|titles=Philip Hoffman on Fine Art Fund]

Minal Vazirani on Saffronart's New 24hr Sale

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Saffronart’s first 24hr sale started at 2:30pm UTC. The sale brings together a smaller number of works at generally lower price points and represents a continuing evolution of Saffronart’s successful online art selling technique: [audio:http://www.artmarketmonitor.com/wp-content/uploads/2011/02/Minal-Vazirani-on-24hr-Sale.mp3|titles=Minal Vazirani on 24hr Sale]

Saffronart Feb. 2nd, 2011 24-hr. Sale

Interview with Tim Fleming, Director of Art Los Angeles Contemporary

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The second edition of Art Los Angeles Contemporary opens this week. The fair has moved to a new location and features a number of performance pieces but Tim Fleming explains why he thinks there’s no comparable fair to it either in Los Angeles or anywhere else, for that matter. [audio:http://www.artmarketmonitor.com/wp-content/uploads/2011/01/Tim-Fleming-Art-Los-Angeles-Contemporary.mp3|titles=Tim Fleming, Art Los Angeles Contemporary]

(Click on player to listen to interview)

Interview with Jan David Winitz, pt 2

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[audio:http://www.artmarketmonitor.com/wp-content/uploads/2011/01/Winitz-Rug-Market.mp3|titles=Winitz Rug Market]

Jan David Winitz talked about his customers and their interest in Village and Tribal rugs in the portion of the interview we ran last week. Here he talks (click on the player above) about the dramatic rise in value of these formerly humble rugs and the ways in which collectors have begun to display them as fine art.

Interview with Jan David Winitz

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The Claremont Rug Company deals in 19th Century rugs that have become increasingly popular, especially among finance professionals and Silicon Valley entrepreneurs.

[audio:http://www.artmarketmonitor.com/wp-content/uploads/2011/01/Jan-Winitz-No.-1.mp3|titles=Jan Winitz No. 1]

In the interview above, Jan David Winitz describes the growth of this collecting field and its transition from a decorative category to collectors buying to display on walls or simply collect. One remarkable aspect of Winitz’s business is the number of clients who ask him to assemble large whole-home collections at one time. He did 50 of those in 2010 where the client bought up to 75 rugs at one time.

Tomorrow we’ll have another section of the interview where Winitz explains why his rugs are making the transition to works of art.

Interview with ARIS Art Title Insurance

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Art Market Monitor spoke with Judith Pearson and Lawrence Shindell just before the holidays (click on the player below to listen to the interview):

[audio:http://www.artmarketmonitor.com/wp-content/uploads/2011/01/FInal-ARIS-Interview.mp3|titles=FInal ARIS Interview]

The Economist covered ARIS when the company was sold to Argo in November:

“Theft accounts for only a quarter of title disputes,” says Judith Pearson, a co-founder of ARIS, a small insurance firm that has been selling title insurance since 2006 and which was taken over by Argo Group, a bigger insurer, earlier this month. Three-quarters of squabbles occur in cases of divorce or inheritance when a spouse or other heirs challenge a seller’s right to sell. A work of art may also carry liens after being used as a collateral for a loan. More rarely, two or more artists may collaborate but then disagree about who has authority to flog their co-production.

Does the risk of title disputes warrant the cost of title insurance? ARIS charges a one-off premium of between 1.75% and 6% of the art’s value. In return the company will cover the legal costs in case of a title dispute and compensate for the agreed value of the art if their client loses the ownership dispute. ARIS has so far written about 1,000 policies and has not yet had a claim.

Peace of Mind (Economist)

Saffronart’s Minal Vazirani

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Art Market Monitor spoke with Minal Vazirani just before Saffronart’s Winter Auction. The sale performed nicely within expectations capping off a year where the Indian art market doubled in volume from 2009 and finished Saffronart’s first decade with a strong showing.

[audio:http://www.artmarketmonitor.com/wp-content/uploads/2010/12/Minal-Vazirani-Dec.-2010.mp3|titles=Minal Vazirani (Dec. 2010)] (click on the player to listen)

Ms. Vazirani discusses the changing constituency of Indian art buyers, Saffronart’s success as an online auction house and what she sees as the coming scarcity in works by Indian Modernists.

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