Tag: Business

ART APPRAISAL: Understanding and Auditing – Everything You Need To Know

Every day thousands of art market participants find themselves in search of a ‘good art appraisal’ that will suit their specific needs. Even more art owners are already in possession of such valuation documents, which they use for important legal purposes. At the same time, we all know that art appraising process can be a little intimidating. Many people rely completely on the guidance of the first art experts they meet without doing their homework on the expert and, more impartially, the process involved. In this article, I would like to share everything you need to know as a client about the process of art appraisal. We will discuss the purpose of these documents, how to audit them yourself, what standards should good appraisers follow, and much more. But, first things first – what is art appraisal?

JACK OF THE DUST: Exclusive Interview with Andy Firth – Part 1 | The Skull

Andy Firth is a self-taught Australian artist of the social generation, known for his signature canvas: the human skull. Capturing the gentle intricacies of lives once lived, Firth’s work has captivated an engaged audience of over 2.5 million people Worldwide! His clientele includes Joe Rogan, Slash, Jason Momoa, Chris Brown and Nikkie Tutorials.

For the past decade, Firth has remained widely anonymous under the title ‘Jack Of The Dust’. Established in a home garage in 2013, his operation’s alluring namesake is an 1800s Royal Navy term that represents Firth’s revival of characters, cultures and the stories that surround them. Firth has now grown ‘Jack of The Dust’ to a full-time crew of 15, and operates from two Burleigh Heads warehouses spanning 7500 square feet on Australia’s Gold Coast.

Rough Diamond Financing – Sarine and DELGATTO Sign Strategic Cooperation Agreement

Until now assessing rough diamonds was an inaccurate subjective process, at best. This, along  with the difficulty in providing unique identification means, reduced their attractiveness as collateral.  The DDFF and Sarine’s groundbreaking cooperation utilizes Sarine’s various proven industry leading technologies, including the Galaxy® and DiaExpert® platforms along with the Advisor® and  related software processes, to accurately, objectively and rapidly evaluate rough diamonds, as well  as uniquely tagging them, with the result being the ability to reliably ascertain the optimally produced  polished diamonds’ potential value, and hence confidently provide financing. The DDFF will apply  Sarine’s technologies to evaluate if the rough diamond is eligible for the requested financing, and  at what level. 

Sarine signs an MOU to acquire a majority stake in New York’s Gem Certification & Assurance Lab (GCAL)

Hod Hasharon (Israel), 11 January 2023 – Singapore Exchange Mainboard listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI; SARN.TA), a worldwide leader in the development, manufacturing, marketing and sale of precision technology  products for the evaluation, planning, processing, measurement, grading and trading of diamonds  and gems, is pleased to announce the signing of a non-binding MOU to purchase, subject to the  usual due diligence reviews and to reaching and executing a definitive agreement, a majority share  of GCAL against an all cash consideration.

The Gem Certification & Assurance Lab, Inc. GCAL is a highly respected gemological laboratory  founded in 2001 by Mr. Don Palmieri, a veteran of over 50 years in the diamond industry, and his  wife, Pamela. Today, it operates as a family-owned business in New York City, on the city’s famous  Diamond Way, at the corner of Fifth Avenue and 47th Street, with son Angelo in the role of Chief  Operations Officer (COO). GCAL provides services for the grading and certification of natural and  lab-grown diamonds, coloured diamonds, coloured gemstones, pearls and precious metals.

Is Art Financing Terrorism?

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 any borders of any country.

First crucial point to understand is that when we are talking about art, we do not mean your local flea market ‘stuff’. Nor do we limit ourselves to just paintings. We are talking about high-end ‘movable cultural property’ consisting of art, antiques, and collectibles … very expensive art, antiques, and collectibles. Items that by far exceed a $100,000 dollars benchmark.

Second point to understand – there are lots of them, everywhere, in every country, city, and town. In fact there will never be a shortage of them. With the latest modern art hype the market literally became a factory. These modern creations are breaking multimillion dollar records at top auctions around the world.

Atlanta Hawks and Novelis unveil 404 lbs upcycled aluminum sculpture to celebrate their Award-Winning Partnership

ATLANTA – Before Wednesday night’s game, the Hawks and Novelis unveiled “FULL COURT PRESS”, a sculpture made up of nearly 404 lbs. of upcycled aluminum cups and cans in the shape of the primary Hawks logo. The piece is located on the Terrace level by the Gate 2 entrance at State Farm Arena.

“FULL COURT PRESS” celebrates the one-year anniversary of the Hawks’ partnership with Novelis, the world’s largest recycler of aluminum, which officially launched on National Recycling Day in 2021.

This sculpture symbolizes a circular economy where maximum effort is employed to make sure precious resources are recycled and reused, rather than discarded as waste.

Top 5 Best-Performing American Artists of 2022

This article shows a selection made by MutualArt of the Top 5 US Artists of 2022 due to their performance in sales and exhibitions of their work. The top performers are:

1. Andy Warhol (1928 – 1987)

Andy Warhol was an American Postwar & Contemporary artist who was born in 1928. In 2022 he achieved sales for 570,207,409 USD

Numerous key galleries and museums such as Hamburger Bahnhof, Museum of Contemporary Art have featured Andy Warhol’s work in the past.

Since 1998 the record price for this artist at auction is 195,040,000 USD for “Shot Sage Blue Marilyn” which sold at Christie’s New York in 2022. 

Learn more about the other best-performing American artists of 2022.

Stay True To Your Colors – Exclusive Interview with Willem Vos | Part 3

“I see a digital revolution, but don’t think the amount of money being pumped into it is permanent. I believe more in NFTs that have functionality. That is something that is starting to emerge now and I think will only grow.”

Willem Vos is an enterprising new artist from the Netherlands. After selling his international company, he threw himself completely into making art and selling his works. Mainly because of Willem’s choice to live a different life he has become an inspiration for people that want to successfully change course as well. His artworks are powerful and quite large, they are full of color, energy, and meaning. Clearly Willem has an impressive talent and high potential, which is why The World Art News is pleased to share Part 3 of his First Exclusive Interview with our global audience.

Takeaways from a Record-Breaking Early Auction Season

Collection sales dominated headlines of another record-breaking fall auction season, while the emerging market feels the pressure of economic worries.

With art market prices soaring as of late, recent blue-chip auctions were projected to reach significant high-flying, record-breaking heights. Not only did these lots deliver, but in some instances their price tags surpassed their monumental estimates. The highly anticipated Paul Allen collection, the personal assortment of paintings and sculptures owned by the late Microsoft co-founder, blew past the $1 billion estimated value, which already would’ve made his collection the most expensive ever sold.

While some say the results of the Phillips auction suggests a cooling of the market, works of personal collections, especially those hidden from public view for prolonged periods of time are doing exceedingly well.

ART. BUSINESS. FREEDOM! Exclusive Interview with Willem Vos | Part 2 – Dare!

“You have to be business-minded. Try to understand that everyone in this world wants to make money. Including you and your artworks. You are part of the art world, you have to be able to embrace that.”

Willem Vos is an enterprising new artist from the Netherlands. After selling his international company, he threw himself completely into making art and selling his works. Mainly because of Willem’s choice to live a different life he has become an inspiration for people that want to successfully change course as well. His artworks are powerful and quite large, they are full of color, energy, and meaning. Clearly Willem has an impressive talent and high potential, which is why The World Art News is pleased to share Part 2 of his First Exclusive Interview with our global audience.