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Dear Friends and Clients,
2011 has opened to some innovative approaches to selling art; the recession being the mother of invention.
In January the world's first art stock exchange was launched in Paris, with shares in Sol le Witt and Anselm Keiffers and other works from a handful of galleries trading from €10 ($13). The French company claims that it will open up the market to new, 'wanna be' art collectors, however much of the art world is extremely skeptical. At present there is no authority regulating the exchange. Listen to a BBC radio interview with 26 year old founder, Pierre Naquin.
Also in January, the world's first virtual art fair, The VIP (for Viewing in Private) Art Fair, extended its week-long run and encouraged collectors to browse and buy contemporary art online from galleries all over the world. Technical difficulties and slow running speeds frustrated users but it's hard to tell if overall it was a success; no sales were conducted on the site for reasons of privacy. It may have attracted newcomers to collecting, but are collectors ready to buy million dollar artworks online?
Possibly not. In February collectors showed they are still eager to buy big ticket items at auction. London's first contemporary art auctions of the year were a 'blistering' $77M at Sotheby's and saw prices rocket back to boom levels at Christie's $99M sale.The Wall Street Journal today asks, how high can the art market go?
This bodes well for the New York auctions and next month's Art Fair and Armory Show in New York, the Spring-time bell weathers of the art market.
Before then in LA, catch the February exhibition of six California artists curated by Blue Tangerine Art at L'Ermitage hotel in Beverly Hills, CA. Artists include: Andy Moses, Suzan Woodruff, Patter Hellstrom, Trudy Montgomery, Chris Crossen and America Martin.
If you are heading to the Palm Springs area, please also visit the annual California Light and Space group show at Melissa Morgan Gallery where Trudy's large scale oil paintings are on display. The opening reception is this Saturday, February 19th in Palm Desert.
And finally, in other Blue Tangerine Art news, we are excited to offer the work of British artist Deborah Lanyon to US collectors. Stay tuned for other new artists we are adding to our roster this Spring, including mixed media artists and sculptors.
Best regards, Trudy Montgomery
"Art washes away from the soul the dust of everyday life" - Pablo Picasso.
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How High Can the Art Market Go?
Wall Street Journal, February 17.  | |
The good times continue: "Self-Portrait" by Andy Warhol, seen here on display at Christie's New York preview in January. It sold in London at the auction house's Post-War and Contemporary Art sale on Feb. 16 for 10.8 million British pounds (US$17.4 milion), double the presale high estimate.
[Photo credit: Emmanuel Dunand/AFP/Getty Images]
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The art industry, one of the glitzier pieces of the global economy, seems to have shrugged off the 2009 recession with nonchalance. In 2010, Christie's had the best year in its 245-year history. The auction house's numbers, released in late January, show its sales of art last year hit $5 billion, up 53% from 2009. Sotheby's, too, posted astronomical results in 2010, based on reports from individual auctions; the firm's aggregate numbers are due out in April. Growth came across the board - and from across the world. Read on in the WSJ... |
Auctions in London
A 'Blistering' Sotheby's Sale with High Flying Prices
A mountain of Ai Wei Wei's Sunflower Seeds Sells for $560,000 NY Times, February 16, 2011 by Carol Vogel Despite reports that it gives off hazardous porcelain dust and that there are traces of lead in the paint, one of the Chinese artist Ai Weiwei's works "Sunflower Seeds'' sold at Sotheby's in London Tuesday evening for £349,250 ($559,394). Four bidders competed for a mountain of 100,000 hand-painted seeds, weighing 220 pounds. By Sotheby's calculations the anonymous telephone buyer paid about £3.50 (or $5.60) a seed. Read on in the New York Times...  | |
[Photo credit: Peter Macdiarmid/Getty Images]
The artist Ai Weiwei inside his 'Sunflower Seeds' installation piece at the Tate Modern in London in October. The installation comprises 100,000 hand-painted seeds made of porcelain.
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ARTInfo offers further coverage of the return to Boom prices at Sotheby's and Christie's London auctions. |
New Blue Tangerine Art Artist:
Deborah Lanyon
Blue Tangerine Art is pleased to welcome British abstract painter Deborah Lanyon to our roster of artists. Deborah studied art in London at St Martin's College, Byam Shaw College of Art and Putney School of Art. She has had numerous solo shows in London and her work is in major UK collections. Obsessed with painting from an early age, Lanyon believes in the importance of drawing and compositional techniques, which feature strongly in her work. Influenced by Roger Hilton, Patrick Heron, Ben Nicholson, De Kooning and Pollock, her painting is deeply concerned with structure, tension, expression and mark making. View her dynamic paintings online. Please contact us for more information about the work at trudy@bluetangerineart.com or (310) 774 1959. 
Deborah Lanyon, La Fete Marciac Acrylic on canvas, 48 x 48 in
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Art at L'Ermitage
Curated by Blue Tangerine Art
Artweek LA, February 9, 2011  | L to R: Chris Crossen, Andy Moses, Trudy Montgomery, Patter Hellstrom, America Martin, Suzan Woodruff.
Photo credit: Rachel Elias
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L'Ermitage Beverly Hills, a premier luxury haven for creative minds, is celebrating locally grown talent in an art exhibit curated by Blue Tangerine Art during the month of February. Andy Moses and Suzan Woodruff, both regarded as leading painters in the Los Angeles flow movement, will have their abstract work displayed alongside that of Patter Hellstrom, whose calligraphic brushstrokes and daring use of color will have a natural dialogue with the chance element of the flow painters. Also featured: playful jazz-inspired musicians with expressive line and color by America Martin; jewel-like watercolors by Chris Crossen and large abstract oil paintings by British-born artist Trudy Montgomery, who is the curator and founder of Blue Tangerine Art. [Artweek LA] Blue Tangerine Art would like to thank L'Ermitage hotel for their support and for hosting the opening reception on February 10th. Please contact Trudy Montgomery for a personal tour of the exhibition. |
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Art Diary Dates
Upcoming Art Events
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Blue Tangerine Art offers art advisory services to private and corporate collectors. We source contemporary art from a wide range of sources, including direct from artists and galleries in the US and Europe.
We offer paintings, drawings and limited editions by artists including: Chris Crossen, Patter Hellstrom, Deborah Lanyon, Angela Findlay, Rachel Holloway, America Martin, Kim Frohsin, Birgitte Lund, Zanny Mellor, Kathy Montgomery, Trudy Montgomery, Bella Pieroni, Anne Stahl, Nicola Wood, Suzan Woodruff and Eric Zener among others.
And photography-based work by Sparky Campanella, Sebastien Davila, Bjornulf Dyrud, Allison Hunter, Cressandra Thibodeaux, Sieglinde Van Damme as well as many others not listed on our website.
We look forward to helping you find just what you're looking for. Please contact us with your request via email or on (310) 774-1959.
Happy Collecting!
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Trudy Montgomery in front of
her painting 'Tinseltown'
Trudy Montgomery
Art Advisor and Principal, Blue Tangerine Art
PO Box 661216, Los Angeles, CA 90066
web: http://www.BlueTangerineArt.com
email: trudy@bluetangerineart.com
twitter: @trudymontgomery
tel: (310) 774-1959
 
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