Art Investment

What art collectors prefer the BRIC countries and the Arab Gulf states?

What collectors are more likely to buy from Russia, China, India, Brazil, the Gulf States - their national or global sponsors names?

Western auction houses and art dealers look with hope to the collectors of the fastest growing countries - Brazil, Russia, India, China and the Arab Gulf States: that they would prefer in the near future - the world or its national art? About this reflects in the material The Art Newspaper Georgina Adam (Georgina Adam).

believes Lord Mark Poltimore (Sotheby's), «customers from rapidly developing countries prefer to first national art of the XIX century - next with him they grew up, invest in a convenient and patriotic. But over time the interests of collectors and distributed outside their country ».

According to Georgina Adam, several factors have accelerated expansion of the interest of collectors from the national to the international art - in particular, the increase in private art-spaces organized by major collectors - the trendsetters, the development of international trade fairs of art, the growth in the internationalization of art dealers, market supply of world art, globalization (especially thanks to the Internet).

New York dealer Adam Schaeffer (Adam Sheffer) of Cheim and Read also notes the role of the museum association, "traveling to international fairs and biennale, the world's leading museums are tied with the local singles collectors, and, consequently, affect their tastes».

Also today, some artists are known all over the world, becoming the brand: new rich are buying their work about as well as luxury brands. However, we can say that collectors of the developing regions behave the same way in the world market.

Russia

in 2010 According to Christie's, its department of Russian art increased sales compared with last year only 4 percent, while Asian art, for example, was sold for 111 percent more. However, the reason is not that Russian collectors have left the market. On the contrary, Russians are now on the astonishment actively buying at auction - but not so much Russian art, as the world.

One of the major world art lovers think of Roman Abramovich, whose collection, according to reliable sources , is well-known «Triptych" by Francis Bacon (4th place in the most expensive works of art in the world), and also the most expensive living artist - "Sleep Inspector benefits" Lyusiena Freud . Of the last high-profile sales, which will most likely face Russian buyers - linen "Reading" by Pablo Picasso (25.2 million pounds, London, February 2011), « in Vernon Terrace "by Pierre Bonnard (7.2 million pounds, London, February 2011)," Magnet "Rene Magritte (4.7 million pounds, London, February 2011 ) and "Caryatids" Paul Delvaux ($ 8 million, New York, May 2011).

China

Many well-known auction houses argue that Chinese collectors are buying more works of Western artists. It is believed that the 106.5 million dollars for "Nude on a background of green leaves and bust" Picasso paid customer from China. "All open branches in China and Hong Kong - a market with enormous potential," - believes the Haunch of Venison gallery owner Carrie Williams, Matt (Matt Carey-Williams). Nevertheless, the best in China until the sale of traditional Chinese and modern art - and a lack of supply of such works do not. "If the shift in the direction of world art to happen, it will be massive" - ​​portends Mark Poltimore. However, it is obvious prerequisite for such a change of course not. Some experts even suggest that under the strong influence of China can happen the opposite: they do not, but we will change our tastes in art and turn to their cultural heritage.

Latin America

Many collectors of Latin America are already working with the international art - this change has occurred in the past ten years. And a crucial role in this process was played by private galleries and museums, as well as international art fairs. Brazilian collectors set an example by Bernardo Paz (Bernardo Paz), founded the Museum of Modern Art in Inotime (Brumadinyu), while in Mexico was a pioneer Eugenio Lopez (Eugenio López) - he began to collect world-class artists in the 1990s. Many Latin American art collectors interested in other countries after visiting fairs Fiac, Art Basel and Art Basel Miami Beach.

India

Many dealers expect that India, which, according to Forbes, is now home to 55 billionaires, will become the new Eldorado for them after China. However, "this market is still very closed, the collectors are not ready [to move to the art world]," - said Carrie Williams. According to Lord Poltimore, collectors, collecting art world, in India there - but they are very selective. Only now, in this region began to open private museums and galleries, and until they are a lot of (for example, Poddars); so who knows, maybe with an increase in their numbers will change.

The Gulf States

This region stands apart from all others: in India and China, and many potential buyers are more and more, in the Arab Gulf countries, they all without exception (mainly members of the ruling family), but are concentrated in the hands of their enormous funds. These families - especially the ruling dynasty of Al-Thani, Qatar - already recognized as one of the main buyers of works of modernism and contemporary art in the world. Al-Thani family, for example, paid $ 72 million for "White Center» (the most expensive product Russian artist) for their own aggrandizement is «Sleepy Spring "by Damien Hirst ; Al-Thani is also believed to the largest collectors of works of Francis Bacon and other artists of the highest rank.

experts have been trying to understand what motivates these collectors are not only collect art but creates it for most modern museums. Can they create these powerful cultural centers with an eye to the future: if the region remained attractive in an era when oil is over. Maybe they want to raise their country's cultural level of Western countries. Or maybe, "they simply can not afford it." In fact, the period of collecting local art are missing - in part because of the small amount of this art. The exception is Qatar, where it was created an outstanding collection of art of the Arab countries and the Middle East.

this century for the BRIC countries and the Gulf promises to be a grand time, collections of art - as in the XIX century wave of economic growth created the richest private collections in America. Dealers and auction houses is only time to navigate and run to where they will wait.

Prepared by Mary Onuchina, AI

Sources : theartnewspaper.com , artinvestment.ru


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