Limited Edition Art Market Update – artmarketblog.com

Limited Edition Art Market Update – artmarketblog.com

Lot 39, VICTOR VASARELY, 'Kedzi' 1990

Lot 39, VICTOR VASARELY, 'Kedzi' 1990

On the 3rd of June auction house Phillips de Pury held their third ever sale of Modern and Contemporary Editions in New York after achieving good results for both auctions dedicated to Modern and Contemporary Editions  in 2008. The affordability of limited editions should be a definite draw card in the current economic climate but the fall from favour that contemporary art has experienced of late would have increased the risk of a poor result.  With expectations high for their first Modern and Contemporary Editions auction of 2009 there was plenty at stake for Phillips de Pury.  To find out how they went, keep reading.

The first auction of Modern and Contemporary Editions held by Phillips de Pury in May 2008 was very successful resulting in a total sale value of US$2,688,288 (including buyers premium) for 134 lots and achieving a 92% sold by value rate and 86% sold by lot rate. One year later and the 2009 Modern and Contemporary Editions auction, held on the 2nd of June, achieved similar statistics as the 2008 auction with 90% sold by value and 88% sold by lot. This, however, is where the similarities end. For starters, the 2009 sale total of US$1,120,075 was less than half the 2008 total of US$2,688,288. If you are thinking that the 2009 auction must have been smaller than the 2008 auction then you would be wrong because in 2009, a total of 280 lots were auctioned compared with 157 in 2008. What this means is that although the sold by value and sold by lot rate were almost the same for 2008 and 2009, the value of the lots in the 2009 auction were much lower than they were in 2008. The average price per lot for each auction confirms this with the average price per lot in 2009 coming to US$4590 compared to an average price per lot of US$20,060 in 2008. An ever more revealing indicator of the difference between the two auction is the fact that in 2008 a total of 63 out of the 134 lots sold fetched more than US$10,000 whereas in 2009, only 18 out of the 244 lots sold fetched more than $10,000.

With a majority of the lots on offer selling for less than US$4000 and many selling for one or two thousand dollars there were plenty of works that were affordable to almost anyone. Because of the lower value of the works being sold it is likely that a majority of the buyers were either collectors or decorators as opposed to hard core investors or trophy hunters. This is a good sign that people still have a certain amount of disposable income and that they are willing to spend that money on art within reason.

The results of the 2009 Modern and Contemporary Editions auction shows that limited edition works of art remain popular especially those priced at less than $10,000. Although the lower number of higher priced works in this years auction compared to the 2008 auction could be perceived as being the result of a lack of supply, I doubt that this would be the case and would suggest that this was a deliberate tactic by Phillips de Pury to ensure a high sold by lot and sold by value rate. The general reduction in the amount of money being spent on contemporary art across across the board was reason enough to increase the number of lower priced works in the auction in order to avoid a poor result. By focusing on low value works, Phillips de Pury could have ended up with an auction of low quality works that were undesirable regardless of their low price. Instead it appears that Phillips de Pury deserve a round of applause for putting together a catalogue of top quality yet affordable works of art.

**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.

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Affordable Photography at Troika Editions – artmarketblog.com

Affordable Photography at Troika Editions – artmarketblog.com

Sand Blaster By Bill Jackson

Sand Blaster By Bill Jackson

In August of 2007, Jen Bekman launched the online art store 20×200 (http://www.20×200.com) with a mission to make fine art available to everyone. Bekman’s concept of selling one print in a range of physical sizes and edition sizes at varying price levels caters to everyone from the serious collector to those who just want something to decorate their home. Each week two new works are released one of which is a photographic work and one of which is a work on paper. The prints range in size and price from 8″ by 10″ prints from an edition of 200 which cost $20 to 40″ by 30″ prints from an edition of 2 which cost $2000 with other options in between.

Jen Bekman’s US based 20×200 had the niche all to themselves until the UK based Troika Editions opened for business in April this year. Troika Editions is a new online gallery with a focus on contemporary photography which offers a new photographic image for sale each week made available as limited editions prints which vary in size, price and edition number just like 20×200. All their prints come with a certificate signed by the artist and a unique edition number which is what one would expect from anyone selling a top quality fine art edition. According to the Troika editions website “Each art work will be offered in the same three sizes, small, medium and large; in the same three edition runs of 300, 30 and 3; at the same prices of £35, £350 and £3500. All you have to do is decide which one you like.”

The artists whose work is chosen to be sold as limited edition prints by Troika are carefully selected by a curator because of their current success and future potential. The website states that “Troika Editions showcases exciting and beautiful work by photographers with a pedigree. These are the next photo stars; they have won awards, published books and had exhibitions. We believe they are artists to watch in the future”.  So far things look good for Troika editions with the current offerings appearing to be highly desirable and top quality. I’m a particular fan of the slightly eerie but very intriguing work ‘Sand Blaster’ by Bill Jackson (see image) who just won the silver award in the Royal Photographic Society 152nd International Print Exhibition. Jackson has a very extensive cv that includes lots of solo and group exhibitions as well as an impressive list of rewards which suggests that he is definitely an artist worth investing in.

To see all the works available from Troika editions visit http://www.troikaeditions.co.uk/

**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.

Mai-Thu Perret Edition from Parkett Art – artmarketblog.com

Mai-Thu Perret Edition from Parkett Art – artmarketblog.com

perretMai-Thu Perret is a rather interesting Swiss artist who I was not really aware of until recently when I came across a rather intriguing limited edition of Perret’s work being sold at Parkett Art. An exhibition of Perret’s work titled “New Work: Mai-Thu Perret” is currently on show at the San Francisco Museum of Modern Art (SFMOMA) in San Francisco, California. The exhibition includes works that have been influenced by a fictional narrative that Perret has created called The Crystal Frontier which the SFMOMA website describes as a “a fictional account of a group of women who found a small utopian community in the desert of southwestern New Mexico in an attempt to escape the impositions of capitalism”. Perret started The Crystal Frontier in 1999 and has since produced films, posters, mannequins, furniture, paintings, wallpaper, sculptures, ceramics, banners and performances most of which Perret exhibits as having been made by members of the fictional Crystal Frontier community.

Parkett Art are currently selling a limited edition work by Perret titled “A Portable Apocalypse Ballet (Red Ring), 2008” which is a model of a girl holding a red ring that lights up. A brief description of the work is provided which states that “The purity of the circle, unassailable with eyes closed in order to see”. This work appears to have been created in conjunction with a film that Perret produced called “An Evening of the Book” in which female dancers performed movements in group formation along with simple acts, like cutting through a black banner, manipulating white fluorescent tubes, opening a book, or playing with hula hoops. According to the text by Julien Fronacq that is part of the feature on Perret in the latest edition of Parkett Art “The film
itself takes its inspiration from Varvara Stepanova’s set designs for an agit-prop play of the same title. Viewing the piece in the gallery’s three-projection installation, one can’t help but think of modernism’s most emblematic objects (the monochrome, the
neon tube) or of Yvonne Rainer’s everyday gestures, like walking or sitting, that play down the pathos of dance.”

The body of work that has been produced by Perret as part of “The Crystal Frontier” is eclectic and complex which makes explaining the symbolism and meaning behind “A Portable Apocalypse Ballet (Red Ring)” rather difficult to do in a single blog post. What I can tell you is that Mai-Thu Perret’s has been receiving plenty of attention over the last six months and with current exhibitions of her work at the SFMOMA and Aspen Art Museum there is no doubt that Perret is an emerging contemporary artist well worth keeping an eye on.

A Portable Apocalypse Ballet (Red Ring), 2008 is an edition of 45 and is available from Parkett Art for US$2500. For further information or to purchase the item go to http://www.parkettart.com/index3.htm

and you can read more about Perret’s work here:  perret-21

Image: “A Portable Apocalypse Ballet (Red Ring), 2008″
sculpture, opaque non-toxic polyurethane resin, color cast with instant polyurethane pigments, clothing designed by Ligia Dias, beige viscose fabric with white accents and metal buttons, black leather belt, modacrylic light brown wig, solid cast polyurethane resin base, painted, neon ring powered by 12 V CE and UL approved universal wall adapter, 14 3/4 x 7 x 7” ( 37,5 x 17,8 x 17,8 cm) production by Gamla Model Makers, Feasterville, PA, USA, Ed. 45/XX, signed and numbered certificate.

**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.

Important New Limited Editions – artmarketblog.com

Important New Limited Editions – artmarketblog.com

ARTS Bristol Artist Nick Walker 1Several new and important limited edition prints by some top artists have either just been launched or are about to be launched.   The Black Rat Press will be releasing the latest print by the incredibly popular graffiti artist Nick Walker at the London Art Fair which starts on the 13th of January.  The print titled “Empire’s State” from the Morning After series is expected to be so popular that a queuing system has been devised to ensure that no inappropriate behavior occurs in the rush to get a print.  Those international admirers who can’t attend the London Art Fair had to take part in a lottery to get the chance to purchase one of the prints.  If you fancy your chances of getting one of the 175 prints which are priced at 475 pounds at the London Art Fair you can find out more information about the launch of the edition here:
http://www.blackratpress.co.uk/news-37.php

print from 'The Venice Suite' by Peter Blake

print from 'The Venice Suite' by Peter Blake

Also being launched at the London Art Fair is the new Peter Blake suite of prints called the “Venice Suite” which consists of twenty silkscreen prints which are signed and numbered by the artist. According to the Paul Stoper website “Peter Blake, known to many as the father of British Pop Art, and influence on many younger generations of artists has created twenty new prints published by Paul Stolper, entitled ’The Venice Suite’, inspired by his recent experiences in the Italian city.” Individual prints are priced at 690 pounds or the whole set can be purchased for 10,000 pounds.

The Venice Suite
Portfolio of 20 silkscreen prints
Sheet 40.65 x 30.5cm (16 x 12”)
Image 21 x 13.5cm (8.3 x 5.3”), 2009
Signed & numbered by the artist
Ed. of 75, +5 Artist Proof portfolios, +3 H/C portfolios
Printed on 400gsm Somerset tub sized

More info on “The Venice Suite” can be found here:
http://paulstolper.com/press_release/2009_blake/index.html

Measuring the Universe, 2008 (Installation view) by Roman Ondak

Measuring the Universe, 2008 (Installation view) by Roman Ondak

The work of the Slovakian performance artist Roman Ondák has been purchased by the Tate Modern and now you can purchase one of the artist’s performance works at a very affordable price.  How do you purchase a performance I hear you ask?.  Well,  “Measuring the Universe (2008)” actually involved the buyer of the edition in the performance and in the production of the edition.  The edition is a result of a project of Ondák’s that was completed in 2007 and involved museum attendants measuring the height of  exhibition visitors which was then recorded on the gallery wall.  According to the Wattis Institute’s website “For the period of one year, the owner of this edition will mark the height and name of each visitor to their home, along with the date, on a large paper against the wall and at the end of the year the work will be framed”

The work is an edition of 10 and costs $1200 unframed. Ordering information can be found here:
http://www.wattis.org/store/editions/

**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.

Limited Edition Print Market Update – artmarketblog.com

Limited Edition Print Market Update – artmarketblog.com

Our good friends at the Humble Arts Foundation have just launched their new website which I have to say is absolutely fantastic. To kick off their new site, Humble Arts Foundation have released a new photo edition by Brooklyn based photographer Amy Elkins. The work, titled Justin, Brooklyn, NY, is from Elkin’s Wallflower series which according to the artist’s website “cultural grounds underlying gender, opting to focus on the beauty, sensitivity and vulnerabilities found in a sex that has long been held to masculine expectations and stereotypes”. As well as being a highly successful photographer whose work has been published in PDN, American Photo, Popular Photo, EyeMazing, Dear Dave and NY Art – Elkins has also co-founded an online showcase for female photographers called Women in Photography (http://www.wipnyc.org/). Being a very small edition of 5 signed and numbered photos, Justin, Brooklyn, NY is a great investment that is sure to sell out very quickly. To purchase this magnificent work which is selling for $500 go here: http://humbleartsfoundation.org/editions/latest.html

In a previous post I wrote about the new limited edition photographs launched to celebrate Blindspot’s 15th anniversary which can be found here:
http://www.blindspot.com/special/anniversary_editions.html
In addition to those photographs available when I last wrote about the anniversary editions, a work by Tim Davis has now become available titled “Church Flowers 2, 2007” and it is truly cracking work indeed. I particularly like the this work (and other works of Davis’s) because it displays the intricacies and detail often found in the objects and physical environment of everyday life that one would not normally have the time or inclination to stop and admire. “Church Flowers 2, 2007” is an edition of 15 and is available for $900 from the Blindspot website which you can find here:
http://www.blindspot.com/store/page4.html?edition_id=davis_church

Staying up to date with the trends relating to the demand and desirability of limited edition works of art can be a tricky thing to do especially considering the number of different editions being produced. Thanks to Christie’s Post-War and Contemporary Editions sales, the task of identifying what’s hot in limited edition prints is made a bit easier. To see the results of the sale go here:
http://www.christies.com/lotfinder/searchresults.aspx?intSaleID=21934#action=refine&intSaleID=21934&sid=3a9404aa-e377-4b87-ac32-e92c44dac1ad&num=45
According to a press release from Christie’s, “Prints reflect our contemporary society in a unique way. The print embodies the aspirations of our culture, accessibility, inclusively, duplication, the free market and fashion. In the last fifty years printmaking has moved from the fringes of art production, to become a standard part of most artistic careers. Not only do the best artists of our time make prints, some of the best artworks of our time are prints.” Murray Macaulay, Specialist and Head of Prints, South Kensington.

Image 1: Justin, Brooklyn, NY. 2006 by Amy Elkins
Image 2: Church Flowers 2, 2007 by Tim Davis

**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications