|
|
Dear Friends,
The data is in and Art Market Insight's 2008 Art Market Trends report pinpoints the moment the music stopped. After seven years of consecutive price growth, the art market weakened in 2008 as it was hit by the world economic crisis. The buoyant contemporary art market was hardest hit, and new data from the Mei Moses Fine Art Index shows that prices for contemporary art fell 35% in the first quarter of 2009.
This welcome readjustment in prices offers collectors of contemporary art a buying opportunity. Buying at auction, however, no longer offers collectors the security it did: the minimum price guarantee is all but officially dead now that all three major auction houses have been burned by the practice in recent months.
At Blue Tangerine Art, we focus on British artist Angela Findlay this month, who paints plein air coastal scenes of the U.K. incorporating shoreline material found in situ. She uses light to create atmosphere in her paintings, ranging from moody to bright, but always a celebration of the landscape.
Next month, Trudy offers creative inspiration to teaching artists in a workshop for arts educators at the request of the San Francisco Arts Commission, the City Agency that champions the arts in San Francisco.
We look forward to hearing from you and to receiving your comments on our newsletter.
|
Art Market Trends 2008
Art Market Insight
 2008 will be remembered in art market history as a turning point, beginning in a mood of speculative euphoria and ending in violent contraction. Between the multi-million dollar sales of the spring and the extreme wariness of buyers in the autumn, the art market fell victim to the economic and financial crisis as it spread round the globe.
At what moment and why did the trend reversal occur? Read More....
|
The End of the Guarantee
Auction Houses Change Policy
Auction house minimum price guarantees are set to become a thing of the past. Sotheby's has been burned in recent months by losses due to guarantees and, last month, Christie's was sued for $40m for failing to pay the minimum price guarantee on a 1964 'Study for Self Portrait' by Francis Bacon.
All three major auction houses have now been burned by the minimum price guarantee. Phillips de Pury was sold in October to Russian luxury goods group Mercury in what is now viewed as emergency bail-out funding. Collectors should no longer expect the security of guaranteed buy-ins as auction houses struggle to navigate the current market conditions.
|
Angela Findlay
Time in Place
 Angela Findlay, a British artist, explores the coasts of England and Wales on a journey to discover the essence of each place she visits. Her paintings represent a unique moment where the light, clouds, waves and atmosphere are in constant flux. Although these elements are always changing, Findlay approaches her painting methodically, choosing the exact time she wants to experience a location.
In her project "2 crosses, 8 points, one centre", Findlay chooses 8 points along the coast and visits them on dates that correspond with important moments on the Celtic calendar, such as the summer solstice. She collects materials from each location including sand and mud, incorporating them with paint to create her canvas.
"The idea of earth (as in soil, mud and sand), holding the memory and stories of a place, intrigues me," says Findlay. "As I found on my journeys, the history of an area continues to resonate into our present experience of it. Both literal traces and feelings of what went before can still be discovered, and it is these layers of time and human stories that now inspires me in my work."
The result is a body of work in which moods of the sea and sky are danced across the canvas, each one a unique expression of its origin in time and space where earth, water, air and light meet. To see more of Angela Findlay's work, please visit our website.
|
|
SFAC Workshop for Arts Educators
Creative Inspiration for Teaching Artists
 The San Francisco Arts Commission (SFAC), the city agency that champions the arts in San Francisco, has invited Blue Tangerine Art's founder, Trudy Montgomery, to participate in its Arts Education program. In a workshop designed to inspire and re-energize arts educators, Trudy will support teaching artists in identifying how to invigorate their personal art practice and help them excel as both an artist and in their teaching career.
The event takes place at SomArts Cultural Center, 934 Brannan Street, San Francisco, CA 94103 on May 14 from 5:30pm-7.30pm. Please register here if you are an arts educator and would like to attend the session.
This Arts Providers Alliance event,
part of the Conversations in Community Arts and Arts Education
Professional Development Series 2009, is hosted in collaboration with the San Francisco Arts Commission and sponsored by the Zellerbach
Family Foundation and Intersection for the Arts.
|
Art Diary Dates
Upcoming Art Events
2009 Art Fair Calendar:
- MiArt Milan, Italy: April 17-20
|
|
|
|
Blue Tangerine Art provides art advisory services to private and corporate collectors, specializing in contemporary painting and sculpture.
Our art consultants work with you to find the perfect art pieces for your collection. We source many styles of original contemporary art by emerging and established artists to fit your taste, budget and collecting goals.
We look forward to helping you navigate the current art market. Please feel free to call me on (415) 515-6094 to learn more about how we can help you.
Happy Collecting!
|
Trudy Montgomery
Art Advisor and Principal, Blue Tangerine Art
237 Clara Street, San Francisco, CA 94107
Open by appointment
www.BlueTangerineArt.com
trudy@bluetangerineart.com
(415) 438-0188
|
|
|
