| Visit artequity.com.au | SINCE 2005 |
ART INSIGHT
March 07
|
Back Issues
#25 - February 2008 Like to see more? Click here to request an issue dating back to October 2005. |
In Focus
|
||
 |
||
patrick Grieve | ||
 COASTAL SERIES
In 1906 a few weeks before he died, Paul Cezanne painted his final version of the shape of Mont Ste-Victoire. In this great work, and during the final decade of his life, the father of abstract art left a legacy for modern landscape painters who followed. Cezanne did not paint an illusion of what he saw, but rather he questioned “Is this what I see?” and laid bare the process of seeing, revealing the very building blocks of painting itself. One hundred years later, in the North West of Tasmania, Patrick Grieve continues this legacy. Grieve investigates in paint the process of seeing and the relationship between sky and earth, field and sea. His resulting oils display both the formal elegance of Cezanne, and the beauty of this dramatic coastal pocket of his birth place. The landscape of North West Tasmania is characterized by ploughed earth and open sky; vibrant, green paddocks and fields of red ochre flatten out to reveal sweeping, open vistas where sky meets land and sea. Such inspiration from nature provides Grieve with a perfect subject to which he returns over again, investigating the relationship between two and three dimensions –abstracting and revealing his views. “ I have always been deeply influenced by the physical nature of paint and methods of application. For years those formal aspects of painting dominated my work, pushing to the background a deep urge to express the landscape that has been part of me since childhood. The thin band of shallow water that is Bass Strait, winter skies and the intense colours of agricultural crops are all views that ripple through my work.” Patrick Grieve 2006 In his recent Farmland Coastal series each new work provides a fresh viewpoint and a unique problem for Grieve. By flattening the picture plane and layering the paint surface, Grieve is revealing the very layers of the landscape itself. Recalling some of the most striking landscapes of Fred Williams, these latest works reveal an inherent plasticity and, like his fellow Australian painter, look towards finding a language or aesthetic with which to express the abstract experience of the Australian landscape. Brenda Colahan 2008 |
|
|
Media View
|
|
|
TOP: Ralph Hobbs, Adam Nudelman and Raj Nanda at the opening of Defining the Silence on May 12th NEXT: Robert Hannaford, Glass House Gorge, Oil on board, 36.x 59cm (*Available) NEXT: Ralph Hobbs and Al Bailey, special guests on Sky Business program 'Your Money Your Call' hosted by Nina May, answering calls from viewers live to air. |
Nudelman sell-out Adam Nudelman's first Art Equity exhibition Defining the Silence was met with tremendous success with all major works selling and further commissions placed.
major works consigned
|
|
|
Top Movers
| |
George Gittoes George Gittoes was admitted to the degree of Doctor of Letters honoris causa, by the University of New South Wales this week. The Council awarded the Honorary Doctorate- the highest honour awarded by the university, in recognition of his distinguished eminence in the field of Australian art and film-making. He was acknowledged for his continued portrayal of humanity through the painting, drawing, photographs and films of war. Gittoes delivered the occasional address at the graduation ceremony on Tuesday evening. Congratulations George.
Margaret Olley The opportunity for the most affordable investment in Australia's leading female artist has recently become available through Art Equity. Margaret Olley has produced a stunning edition of multi-plate coloured etchings titled Poppies and checked cloth 2008. The edition is a work of exceptional skill and displays the artist's exquisite eye for detail and unique sensibility for colour. The edition of 75 prints, published by Berkeley Edition is rare and keenly sought after as a stunning addition to any collection. A work of this calibre by Margaret Olley has "blue chip" investment potential. Olley's Turkish Pots was released in 2004 for $8,250. It sold out from the publishers with the last part of the edition selling for $11,000. Art Equity has very limited numbers of this new edition remaining. Find out more about this artist > Katy Woodroffe Katy Woodroffe has recently returned home from a month long residency in Majorca, Spain where she was one of eight international artists selected for the Fundación Valparaíso grant. In the past year Katy has received no less than ten art awards and selections and two international residencies and exhibitions. She has four forthcoming international group exhibitions and was recently the subject of a feature article in the prestigious Australian Imprint Magazine. In an Australian exclusive, Art Equity will be launching the works that were exhibited in her heralded curatorial exhibition titled "Tasmanie Project" at Gallerie de Meers, Hoofddorp, Amsterdam, The Netherlands. It was an exhibition that was opened by the Australian Ambassador and received extensive mention in the Tasmanian parliament no less. Katy's exquisite and highly delicate works are created with individually painted stencils which are glazed with transparent red oxide. Layered with colour and form they are amongst the most sensitive imagery in contemporary Australian art practice today.
We are delighted to offer clients the opportunity to purchase stunning artworks by one of Australia's leading printmakers (see image at right). With numerous awards and grants to her name and an extensive exhibiting CV from across Australia, Barbie Kjar is a serious mid-career talent. Barbie is included in several public and private collections in Australia, New Zealand, USA, France and England. Important public collections include; the Australian National Gallery and Parliament House in Canberra, National Gallery of Victoria, Queensland University of Technology and University of Southern Queensland, Tasmanian Museum and Art Gallery in Hobart and Artbank in Sydney. Barbie has been named by Australian Art Collector as one of Australia's most collectable artists. Click here to view her most recent etchings. Adam Cullen Dont miss Adam Cullen's exhibition “Let’s get lost” currently showing at the Art Gallery of NSW. The exhibition includes paintings, drawings and sculpture dating from the early 1990’s until now. The exhibition runs until July 27. Click here for exhibition details. Find out more about this artist > Geoff Dyer Art Equity artists Geoff Dyer and Chen Ping are in China for the opening of their exhibition Three Australian Painters at the Guangdong Museum of Art which opens today. Along with fellow Tasmanian-based painter, Anton Holzner, Geoff and Ping's work will also be shown in a week long exhibition at the Beijing World Art Museum. Find out more about Geoff Dyer > Lucien Freud painting sets new world record A life-sized Lucian Freud painting set a new world record price for a work by a living artist at Christie's in New York on May 13. The 1995 portrait, titled Benefits Supervisor Sleeping, sold for US$33.6m (£17.2m). The previous record was held by Jeff Koons' Hanging Heart, which fetched $23.5m (£12.1m) last November. The previous record for a Freud painting was US$19.3 million. |
TOP: George Gittoes in his academic gown at the University of NSW on Tuesday night where he was admitted to the degree of Doctor of Letters NEXT: Margaret Olley, Poppies and checked cloth 2008 , Multi-plate coloured etching, Image Size: 58x72cm
Paper Size: 79x108, Edition size: 75 (*Available) NEXT: Katy Woodroffe outside the studio during her month long residency in Majorca, Spain BOTTOM: Barbie Kjar, Swing 2008, Series title: Toca-play, Dry point coloured etching,Edition size: 30, Size: 104.5h x 75.5w cm (Plate size); 112h x 77w cm (Paper size) (*Available)
|
Market Watch
| |
 |
|
|
Art, like any asset class, is not without risk and as with any asset class, managing this risk is a key component in assessing the merits of the investment. The economic volatility coupled with the increases in interest rates has seen speculation on a melt down in the Art Market. It was almost with disappointment for some, that the Art Market has remained solid at auction throughout the first season - not spectacular but solid all the same. Of course, the media coverage is almost entirely devoted to the trading of works through auction, which as we know is only one facet of the market. Understanding the relative importance of auction activity and the impact of economic indicators on the Art Market are the key considerations in the first instance. Art is relatively insulated against economic volatility compared with more traditional asset classes however as a consequence this same volatility can impact on the level of the Art market's liquidity. So how do we manage liquidity across your Art portfolio? One of the most common questions we are asked is Should I go for one major work or look at smaller pieces across the portfolio? In actual fact both have merit but are dependent on the broader decisions you are making in regards to the overall risk profile of the artists you wish to carry (ie: Emerging through to Blue-chip). Diversification will allow for more effective management of market liquidity for obvious reasons, however, how do you diversify to maximize the potential return on investment? Below outlines a diversified portfolio of around AU$50,000.00 working on the premise of medium risk profile.
Allocation: AU$10 – 15,000.00 Three or four edition works with a spread of risk within the portfolio. This allows the portfolio to carry some blue-chip established names within the holdings. For example, some of our clients have been able to secure the Tim Storrier collagraph Flight Home within rental structures at purchase prices ranging from AU$4800 - 5800.00. This work has already sold at auction for AU$6,600.00 (through Deutscher-Menzies in May 2007). Not only is there tangible evidence of secondary market trading, our clients are also receiving an income of 7.50% + on this work. Good edition work by well established artists are always going to be worth considering closely.
TOP: Robert Hannaford, Arum Lily, Oil on board, 90 x 120cm (*Available)ABOVE: Geoff Dyer, Lake St Clair and Derwent River Series IV, Watercolour & Gouache on paper, 76.5 x 56.5cm (*Available)
|
A large scale painting by a mid-career artist with established credentials and primary market demand. Auction results are important to monitor however are not necessarily a key indicator as to market value. For example: Geoff Dyer: The 2003 winner of the Archibald Prize, his work is part of many of the major collections domestically including QANTAS, AGNSW, Art Bank, National Australia Bank, Reserve Bank, Price Waterhouse Coopers, Crown Casino (Melbourne), Sheridan Hotel Group as well as Private Collections throughout Australia including the Moorilla Vineyards Collection, Europe and the USA. Despite Dyer’s critical acclaim his auction record is relatively meagre standing at $12,760.00. His auction record for his watercolour and Gouache sits at $4,500.00. Yet despite this, his major works sell anything from $25 – 50,000.00 at his exhibitions. Since 1986 – 2005, only 7 of Dyer’s oil paintings have been offered to auction in Australia and only 49 works in total have ever made it back to the auction market. If you compare this to Tim Storrier, as this is applicable, in the same timeframe, Storrier has had 123 paintings go to market and a total of 463 works sell at auction. Storrier’s auction record is $220K. In other words, Dyer is still a little soft in the auction market. Collectors have, to date, held onto Dyer’s work which has seen consistency and buoyancy in his primary market. To give you a gauge in 2006 only a further 7 works (all watercolours) went to auction and in 2007 only 3 works (again the watercolours) have seen the auction room. If we consider the average growth in prices realised at auction for Dyer’s paintings – despite the relatively meagre auction record – the Average CAGR for his paintings at auction from 2000 to 2006 is 22.17%. Exhibitions in recent years have all but sold out on every occasion with major works ranging from $25 – 50,000.00. Dyer has been invited to exhibit at the famous Guangdong Museum of Art in China as well as having been a finalist in the 2008 Glover Prize. For reference, If we look at Olsen’s Dutton Island which sold through Bonham’s last year for AU$460,000.00, this work was originally bought in 1985, the year Olsen won the Wynne Prize for a second time, for AU$20,000.00. Olsen’s auction record in 1985 was AU$8,000.00. OR • Indigenous painting There are of course a number of variations on this example which can be considered which can pull aesthetics into the equation as well. For further information on how you can effectively manage your risk across the portfolio, please contact your Portfolio Manager at Art Equity or submit an enquiry via the website.
|
Rental News
| |
 |
|
|
ART EQUITY RENTAL PORTFOLIOS allow you to earn income from your art. ROSS........TEXT FOR BOX Purchase a portfolio of artworks by two outstanding Australian artists and earn 8% income per annum - including this major work by Katy Woodroffe and collagraphs by Adam Cullen Click here to view> |
 |
What's On
| |
Art Equity GalleryJeff Makin Laura Matthews Exhibition Openings To join our Exhibition mailing list, please click here and leave your name, address and email address. Educational Seminars If you are interested in attending a seminar at Art Equity Gallery, please click here. NSWArt Gallery of NSW Charles Bayliss Renowned for his pioneering work in panoramic and landscape photography, Charles Bayliss is considered a leading figure in Australia’s photographic heritage. This isplay presents two substantial portfolios of his photographs that picturesquely document aspects of pastoral life and landscape along the Darling River and Riverina districts in the late 1880s. Until 25 May 2008 Bill Viola Bill Viola is internationally recognised as one of the most important artists working in video today. Fall into Paradise is part of a series inspired by Wagner's opera Tristan and Isolde. 10 April - 27 July 2008
The most prolific and the most eclectic artists of the 20th century are unknown photographers. This exhibition draws from a number of collections of discarded amateur photographs. 10 April - 16 July 2008
This exhibition comprises a generous selection of Jan Senbergs' screenprints, presented within the context of his work as a whole, underlining their central importance to his evolution into a remarkable, idiosyncratic and admired draughtsman and painter. 5 April - 25 May 2008
Adam Cullen is a unique figure in contemporary Australian art, a larger-than-life artist whose abrasive yet expressive paintings are a confronting and incisive view of contemporary life. His often satirical works are a form of social allegory, a cutting portrait of our national psyche caught in a suspended stage of development. COMING... Japan in the early 20th century was a place of great change. The essential question of the day was: how could one be both Japanese and modern at the same time when modernity was defined as Western? 22 May - 3 August 2008
Judy Cassab Landscapes from the collection 29 May - 31 August 2008
Harold Cazneaux Artist in Photography 5 June - 10 August 2008
Biennale of Sydney 2008 Revolutions -Forms that Turn 18 June - 7 September 2008
THEY ARE MEDITATING: BARK PAINTINGS FROM THE MCA’S ARNOTT’S COLLECTION In June 1993 Arnott’s Biscuits Limited donated a rare and significant collection of bark paintings to the Museum of Contemporary Art. The collection comprises of 21 barks dating from the late 1960’s through tp the early 80’s by artists from Australia’s north. 6 March - 1 June 2008
FIONA HALL: FORCE FIELD This exhibition presents an in-depth survey of the work of Australian artist Fiona Hall from the 1970s to the present. Hall began her career in photography but has extended into diverse media including sculpture, installation and garden design. Her work is characterised by its use of 6 March - 1 June 2008
Southern Exposure Works from the Collection of the San Diego MCA The MCA San Diego and MCA Sydney have collaborated to present two unique exhibitions showcasing the collections of these leading contemporary art institutions. 20 March - 1 June 2008
COMING... THE 2008 BIENNALE OF SYDNEY REVOLUTIONS - FORMS THAT TURN Established in 1973, the Biennale of Sydney is Australia’s largest and most exciting contemporary visual arts festival.
------------------------------------------------------------------------------- Australian Centre for Photography Head On: Alternative Portraits Presented by The Australian Centre For Photography and The Head On Foundation Head On is an innovative showcase of Australian portrait photography, reflecting a vibrant, diverse cross-section of new and traditional photographic practices. Now in its fifth year, the show includes the work of 40 finalists, competing for prizes worth over $30,000. 2 May- 7 June 2008 MAGDALENA BORS, MARK KIMBER, ANDREW MAMO, ALEXIA SINCLAIR, SIMON STRONG: Phantasia Vivid, complex and magical, the works in this exhibition abandon the traditional realm of the photographic - the real world - to conjure images of the fantastical. From Magdalena Bors' fairytale scenes to Alexia Sinclair's regal women of history and Simon Strong's dreamscapes; from Andrew Mamo's phantasmagoria to Mark Kimber's landscapes of the imagination, it is an odyssey of the fabulous. The result of highly skilled and detailed construction these enchanted scenes are either created as theatrical settings and then photograph or pieced together from hundreds of photographic fragments. 2 May - 7 June 2008
COMING... Hijacked 13 June - 19 July 2008 ------------------------------------------------------------------------------- Historic Houses Trust Sydney's pubs: liquor, larrikins & the law Sydney’s pubs: vibrant, noisy, democratic, character-filled, sometimes controversial, always handy for a celebration or a quiet drink at the end of the day – the landscape of the city is unthinkable without them. More than mere commercial purveyors of alcohol, pubs define the pulse, personality and tempo of a city. 23 February – 2 November 2008 ACTNational Gallery of Australia Turner to Monet 14 March – 9 June 2008 COMING...
Richard Larter is widely considered to be one of Australia’s most distinguished artists. Born in 1929 he arrived in Australia from England in 1962 and, over the ensuing four decades, created an impressive, provocative, lively body of work. 20 June - 14 September 2008
Animated: Self Portraits Online Launched Friday 26 October 2007 VICNational Gallery of Victoria - International (NGVI) I did not paint war pictures in order to prevent war. I would never have been so arrogant. I painted them to exorcise the experience of war. All art is about exorcism.’ Otto Dix’s series War [Der Krieg], 1924, arose out of his personal experiences as a soldier in the First World War. Dix (1891–1969) fought as a machine-gunner on the Western Front, where he was wounded a number of times. War profoundly affected him as an individual and as an artist. 12 April – 10 August 2008 Resonant Visions Until 17 August 2008 Moon in Reflection 11 April - 21 September 2008 291 2 May – 28 September 2008 COMING... Art Deco 1910–1939 28 June - 5 October 2008 ------------------------------------------------------------------------------- National Gallery of Victoria - The Ian Potter Centre at Federation Square (NGVA) Black in Fashion Mourning to Night (NGV International and Ian Potter Centre) 8 February – 24 August 2008 Preseserving the past, enriching the future: Hugh Williamson's legacy A National Gallery of Victoria Touring Exhibition Although he moved at the highest levels of corporate life Hugh Williamson neither forgot his modest beginnings nor lost sight of the values of kindliness, integrity and honesty. The foundation he established has carried on these values and has been responsible for enormous service to the community. Hugh Williamson’s legacy has been immense and has touched the lives of many people. 14 March - 24 August 2008 VCE Top Arts 2007 27 March to 9 June 2008 SAArt Gallery of South Australia S.T. Gill on display at Carrick Hill House, Springfield 9 April - 29 June The Ballets Russes in Australia 2 May - 6 July COMING... Empires and Splendour: The David Roche Foundation 6 June - 27 July Culture Warriors: 2007 National Indigenous Art Triennial 20 June - 31 August ------------------------------------------------------------------------------- Contemporary Art Centre of South Australia
This project for the CACSA is a version of the largest solo exhibition to date of Gladwell's video work presented by Artspace, Sydney in October-November 2007. Shaun Gladwell is one of Australia's most prominent younger artists, working extensively internationally in the medium of video.
TASTasmanian Museum and Art Gallery Personal Perspectives : Artists and Their Portraits Personal Perspectives is an exhibition that reveals the sense of community within the Australian art world. Using paintings, drawings, prints and photographs from the TMAG collection, audiences can view work in new contexts along with other items not seen before. 18 April–29 June 2008
A poetic and powerful exhibition of 60 new works from one of Australia’s leading photographers. 26 April–22 June 2008 ------------------------------------------------------------------------------- Queen Victoria Museum and Art Gallery
Moray Patterns showcases a collection of wood engravings by Rhyll Plant based on naturalistic representations with a piscine theme. 5 April - 22 June 2008 Artstart—Reflections Artwork by primary school students from northern Tasmania Wildlife of Gondwana This exhibition will provide a 'world first' display of the fossil record from Australian and South American sources and will describe the Wildlife of the Great Southern Super continent—Gondwana, from 3.8 billion years ago to the present. 3 May to 3 August 2008 ------------------------------------------------------------------------------- WAArt Gallery of Western Australia 'Circle of friends' is a small Collection-plus exhibition of work by two Melbourne-based artists David Rosetzky and James Lynch. It will feature the newly purchased DVD projection by Rosetzky, Nothing like this, 2007, that explores the nuances of friendship amongst a group of twenty-somethings over a holiday weekend. The show will also include a new work by Rosetzky called No fear, a sound piece based on self-help tapes that involves subtle interaction between the work and its viewers. 22 March - 25 August 2008 COMING... COMING...PEEP: GLIMPSES OF THE LAST 4 DECADES FROM THE KERRY STOKES COLLECTION 30 May - 25 August 2008 GRACE CROWLEY BEING MODERN 'Grace Crowley: being modern' is an important retrospective exhibition of paintings and drawings by one of Australia's most influential modern artists. This is the first exhibition of Grace Crowley's work since 1975. It includes important works from public and private collections and traces her remarkable artistic journey from traditional landscapes to avant-garde experimentation and pure abstraction. 14 June - 21 September 2008 ------------------------------------------------------------------------------- Perth Institute of Contemporary Art Hatched National Graduate Show 11 April – 25 May 2008 COMING... An Ever Expanding Universe Artists: Maria Cruz, Tim Johnson, Lara Merrett, Viv Miller, Pip and Pop (Nicole Andrijevic and Tanya Schultz, Ben Pushman, Nusra Latif Qureshi, Noël Skrzypczak, Gulumbu Yunupingu. Featuring exquisite miniatures, work grounded in both Indigenous and Buddhist traditions, images of the cosmos and contemporary abstraction An Ever Expanding Universe brings together a constellation of ten leading artists. 12 June - 3 Aug 08 Oottheroongoo (Your Country) Making her first foray into multi-media, Julie Dowling is a Perth based Badimaya artist known for her paintings detailing land, country and family. At once gentle and incisive, this installation is both a self-portrait and a wider history. It reveals an unfolding personal journey and offers glimpses of her physical and spiritual reconnection with her ancestral country - an experience Dowling has meticulously documented via film and photography. 12 June - 3 Aug 08 Australian Gothic: Video Art Now Artists: Alex Avzoglou, Marsha Berry, John A Douglas, Robert Hecimovic, Larissa Hjorth, Tammy Honey, Sam Keene, Brendan Lee, David McDowell, Aaron McLoughlin, Krystal Shultheiss, Brie Trenerry, Shaun Wilson, Marco Kin Ming Wong. Well before Australia was charted it was 'imagined as a grotesque space peopled by monsters'¹. Early settlers found their new land eerie, disorientingly unfamiliar and hostile - a response which became ingrained in our national consciousness, literature and cinema. 12 June - 3 Aug 08 NTMuseum and Art Gallery of the Northern Territory
Windows on Australian Art - Focus Inspire / Expire Until 20 July 2008
QLDQueensland Art Gallery Mountains and Streams: Chinese Paintings from the NGV Asian Collection ‘The wise find pleasure in water (streams); the virtuous find pleasure in mountain’The Analects of Confucius, c.6th–5th century BC. China’s magnificent scenery of mountains and streams has inspired its scholars, poets and painters for thousands of years. 19 March – 9 June 2008 Pierre Bismuth French artist Pierre Bismuth is popularly known for his role as co-author of the screenplay for the film Eternal Sunshine of the Spotless Mind, for which he earned an Academy Award in 2005. 20 March – 22 June 2008 GoMA Creative Generation Excellence Awards in Visual Art and esign (2008) The annual 'Creative Generation Excellence Awards in Visual Art and Design' exhibition recognises and promotes outstanding achievements by art students from state and non-state secondary schools throughout Queensland, including regional and remote communities. 20 March – 15 June 2008 GoMA
10 May – 3 August 2008 GoMA
Lee Mingwei Gernika in sand 3 May - 6 July 2008, GoMA ------------------------------------------------------------------------------ Museum of Brisbane
4 April - 6th June 2008 Pamela Mei-Leng See: Intervention 11 April - 8th June 2008 ------------------------------------------------------------------------------- QLD Centre for Photography Eva Marosy-Weide Sets of Circumstance 3 - 25 May 2008 ------------------------------------------------------------------------------- Institute of Modern Art Daniel Crooks and Jae Hoon Lee This exhibition juxtaposes two artists exploring digital imaging. Melbourne’s Daniel Crooks is known for his 'time slice' videos, which draw on the precedents of cubism and the chronophotography of Etienne-Jules Marey and Eadweard Muybridge. 3 May — 21 June No Bad days Grant Stevens Grant Stevens is known for his pithy text-videos exploring vernacular and mass media truisms and recalling advertising, movie trailers and relaxation videos. Stevens trades in cliches, platitudes and stock phrases but points to their richness, probing the overlap between mass media fictions and everyday reality. 3 May — 21 June El Topo and the Holy Mountain Mountain Visually stunning, deeply disorienting, often incomprehensible, these films blend religious imagery, esoteric mysticism, freaks and amputees, eroticism, surrealism and ultra-violence. 3 May — 21 June Supercharged@TCB 16 May — 22 June COMING... The Dating Show at IMA@TCB 27 June — 27 July |
TOP:Jeff Makin, Brachina Gorge 2008, Oil on canvas, 168 x 168cm (*Available) BOTTOM: A full house at Art Equity for the opening of Adam Nudelman's Defining Silence
|
