Czeslaw Znamierowski, an artist who died forty years ago, is gaining fame in the 21st century. His artwork recently sold for $120,000 in China, setting a personal record. Znamerovsky’s paintings began to be bought up by oriental auctions, galleries and collectors, according to the Chinese news agencies. In a relatively short time, the cost of Cheslav Znamerovsky’s paintings increased from several hundred to tens of thousands and even hundreds of thousands of dollars.
Thomas González has always had a passion for art. So today, he arranges art loans and has committed himself to the art loan business. He has developed a trusted cadre of financial partners, responsible for successfully brokering art loans above one hundred million Euros.
We at World Art News have had the pleasure of interviewing Thomas in a two-part series to discover his secrets to running a successful art loans business.
Transparent art funds that embrace technology, lawful conduct, and the scientific method to do business are what is needed. It must be understood that clients expect to multiply their capital legally, timely and responsibly, which is a much larger responsibility than just selling art to the highest bidder. Without a doubt, art funds are responsible for leading the market instead of just reacting to it. Reasonable, thought through regulations that help all market participants equally generate wealth, create transparency, freedom, and accountability must be promoted. Leaders of art funds must understand this and hold themselves to a higher standard than everyone else.
I’m a big fan of gold in all of its beautiful forms, from bullion and coins to jewelry and antiques. Then again, who isn’t? However, in my experience, as the president of the Tamoikin Art Fund and the founder of the Soviet Jewelry project, ancient gold or as I like to call it “ancient aurum” is one of the best assets to own. Why so?
Art and terrorism seem to be worlds apart, however what most people perceive as heritage and culture – criminal organizations see as cold hard cash. Cash that is hard to trace and very easy to move undetected through the borders of any country. Authorities worldwide must weak up and treat this as a major security threat!
Currently, you can purchase Soviet gold jewelry for as low as $200-$600 per item (still within the young investors budget) or as high as $1000-$4000. This practice is something more art investors are doing now. These assets can double, triple, or quadruple in value in a very short window of time.