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Latin American Art; Fine Art Funds – Taking the soul out of art investing?

August 25th, 2011

Fine Art Funds – Taking the soul out of art investing?

AUGUST, 2011

Throughout history, retailers and individual collectors have been trading valuable works of art, whether for pleasure or investment potential. As far back as the 1800’s art trading clubs were formed and investors would gather to discuss their collections and potentially trade works. It wasn’t until after the year 2000 that commercial art funds began to gain traction as investment vehicles. At that time a number of entrepreneurs from the financial and arts industries who had a strong personal or vocational interest in art set up these funds, a number of which have fizzled out over the years. An art fund, much like a hedge or private equity fund, provides commercial rewards to both the capital providers and the fund managers. Considered by those involved to be a sophisticated type of alternative investment, art funds provide a long-term hedge during periods of financial crisis and inflation. For this feature, ALI spoke to two prominent fine art funds as well as to top art advisors to understand and analyze strategies of art investment funds as well as the recent growth in the Latin American sector Read More…

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The Artistry and Stability of Colombian Gold – Latin American Art

July 5th, 2011

The Artistry and Stability of Colombian Gold

Gold Art Investment in Colombia

The history of pre-columbine gold mining dates as far back as the years 1-1000 A.D. Some of the world’s earliest discoveries have been made in Northeastern Colombia from the Tairona Culture, Early Zenu Culture and the Muisica Culture.

The important gold mining center of Buriticá, in the mountains of Colombia’s northern Antioquia Province, exploits rich… Read More

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Alicia Framis photograph of a naked man spikes traffic

Alicia Framis photograph of a naked man spikes traffic

We could have not imagined that the #5 “Pageviews” listing in our traffic report would be a photo of a naked man by Spanish artist Alicia Framis called: “8th June, female models have a day off, Madrid”. We have had Picassos, Diego Riveras, Frida Kahlos, Gabriel Orozcos boost our traffic at any given day and it is expected to see an increase. This one really caught our attention as we were looking at the link trying to imagine what artwork could have been ahead of so many others that you would think of. You must see this image; it is a great photograph. Warning: if images of naked people offend you, do not open the link below.

Alicia Framis’ Photograph

Until Next Time,

Laura Cunningham
Director

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The New Soumaya Museum is Inaugurated

March 4th, 2011

The New Soumaya Museum is Inaugurated

Replacing a smaller museum located in the south part of Mexico city and with works by great masters like Diego Rivera, Auguste Rodin and Leonardo Da Vinci amongst what will be a rotating exhibition of close to 66,000 artworks so far – and counting, the Soumaya Museum was inaugurated last Tuesday in the northwest part of Mexico City. The museum will open to the public on March 28, 2011 and will be closed on Tuesdays. Admission will be free.

The Soumaya will display one of the vastest collections of European and Latin American Art in Mexico. The collection is owned by the world’s richest man, telecom billionaire Carlos Slim Helu and its name comes after Slim’s late wife Soumaya Domit Slim. The six-story modern building, beautifully designed by Slim’s son-in-law architect Fernando Romero is covered by 16,000 aluminum panels with a curvy landmark design on the outside, and the spectacular 183,000 feet of interior halls interconnected by stairs, ramps and elevators.

The inaugural exhibition will display some 6,200 artworks, which account for about 10% of the complete collection. The 800 million dollar building has a steel structure and it is armed with the latest technology such as controlled temperature and humidity to hold its artworks in the best of conditions.

The first and second floors hold gold and silver pieces, viceroyalty coins, Mesoamerican ceramic, stone and shell pieces. The third and fourth floors exhibit old European masters, New Spain masters, landscapes, portraits and various other art objects. The fifth floor exhibits an impressive collection of what refers to “The Mexican School of Painting” lead by Diego Rivera, David Alfaro Siqueiros, José Clemente Orozco, amongst many more such as the initiators of the called “The Rupture Movement”; a group of artists from the 1950’s heralding a huge change in Mexican aesthetic expression and it is known to be responsible for the cosmopolitan direction in which art in Mexico has been developed since. With Auguste Rodin as the main theme, the sixth floor holds “The Rodin Era”, also with works by Emile-Antoine Bourdelle, Camille Claudel, and one of his pupils Jean-Baptiste Carpeaux; it is said to be the most spectacular of all halls and the second most important Rodin collection in the world.

The Soumaya Museum has the most important collection of European art and Latin American art in all Latin America and it is the fastest growing private art collection in the world. Are Mexicans proud of getting a museum from their fellow citizen named the richest man in the world? At least Slim is not keeping his collection to himself. I am proud to have a country inundated with art wherever you go, rich areas, poor areas, parks, corners, circles; art is abundant and it is one of our biggest assets. Mexico is one of the most cultural cities in the world where people, rich and poor, identify themselves with culture in general; it is part of who we are. Mexico City is located on what was the capital of the Aztec Empire in pre-Columbian times and you may feel the power of the Aztecs in areas such as at the Templo Mayor. It is common to see old people, young people, families or groups of friends gather together to go to the museum for the newest exhibition or to check the permanent exhibition once again.

The Soumaya Museum just adds to that. And I am also excited for the upcoming museum that will hold the Jumex Collection, which will be the most important collection of Contemporary art, and it is being built right by the Soumaya and flanked by a new theatre as well.

Until next time,

Laura Cunningham
Director

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“Art enhances your life” Why to buy art? – How to buy art? – Where to buy art?

January 4th, 2011

As an art lover, I cannot fit one more artwork on any wall of my house. We have paintings and sculptures stacked on the floor of my studio and we are about to be forced to sell some of them and to give others away. We would also like to replace some of what is already hanging which we often do.

An artwork may carry out many different stories. Where you bought it or who gave it to you; where it was framed; what the subject is; what was the artist thinking? What were you thinking? An artwork can create so many topics of conversation, and people get to know you better once you give the story of one particular piece. Some art tells you about a specific culture or a political movement in any given country; some have happy subjects or amazing colors, some become part of our history.

You don’t have to be in the art business to have one or lots of them. Nobody should be intimidated by art wherever they see it. If you have empty walls, I strongly suggest you start little by little, one at a time, to buy art that attracts your eye and your soul, that makes you curious, that reminds you of something or some place. Art does not have to be expensive or from a known artist. My biggest advice is: buy original art. You can buy original art for $50 dollars or for thousands of dollars. If your budget is lower than $1,000 dollars you may start at an antique shop or even at an estate sale where you can find many varieties. Also, when you like a painting or a sculpture for example, it does not have to match any of the color schemes at your house – it will look great regardless.

Original art does two main things: it helps the artist make a living and it becomes an investment for you. Sometimes when you buy art at a furniture store or from say a decorator, you will likely buy art made in series meaning there are hundreds or thousands exactly the same. It is often worth 1 cent on the dollar and it does not carry as interesting of a story than an original bought at a place that is a bit more specialized in art or artifacts or directly from the artist. Nothing wrong with decorative art, it’s just a matter of choice.

Established galleries may carry some affordable known artists. You would be surprised at some of the names and what the prices are. For example, you may find a Diego Rivera original ink on paper for $6,000 to $10,000. You may also find other known painters such as Francisco Toledo, Jesus (Chucho) Reyes Ferreira or Francisco Zúñiga with drawings or etchings priced at $4,000 to $8,000 dollars. You may also find great oil paintings from artists getting established for $10,000 or less. You may discover an artist that you love and follow his/her career. If from a gallery, make sure to always get a Certificate of Authenticity signed by the artist or the organization that represents the artist or his/her estate.

Art is erroneously known to be for snobs. It is not. Owning art is like owning a good book or a nice table. It is part of who you are. The story of an artwork is most importantly for you to enjoy. When you arrive at your house or office and you see an artwork, it will always remind you of an experience you had before, during or after you acquired the artwork and it will enhance your life by creating a beautiful environment filled with your own story.

You may add this to your New Year resolutions: “Buy more original art”.

Make it a wonderful New Year!

Laura Cunningham
Director

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“Latitudes: Maestros Latinoamericanos”

October 28th, 2010

“Latitudes: Maestros Latinoamericanos”


Right before it closed, I had the opportunity to visit the exhibition “Latitudes: Maestros Latinoamericanos” in Mexico City. This exhibition has traveled through Argentina, Spain, Brazil, United States and Mexico. At this time, the Collección FEMSA is participating in the exhibition: “José Clemente Orozco: Pintura y Verdad” in the Antiguo Colegio de San Ildefonso in Mexico City. “Latitudes” displayed modern tendencies of the 20th Century. There were 41 artworks from great artists such as José Clemente Orozco, Armando Reverón, Rufino Tamayo, Wifredo Lam, Roberto Matta, Antonio Berni, Alfredo Ramos Martinez, José Gurvich, Pedro Figari and many more.


I will describe just a few; one in particular that besides the fact that she might be my favorite female painter, I have a personal attachment from an early age to “Papilla Estelar” by Remedios Varo. Oh! What a beauty! For me, it has a peculiar magic that attracts your soul. Varo’s imagination is overwhelmingly enigmatic.


Other great works in the collection include a Juan O’Gorman “Los Mitos” (The Myths); here the artist establishes political and religious concepts on how humans have betrayed their own species thru the centuries depicting an inferno. 


A very “O’Gorman style” Frida Kahlo called “Mi Vestido Cuelga Aquí” (My Dress Hangs Here). Painted while living in New York City as Diego Rivera was painting a mural in Rockefeller Center, this is her only collage. In a very detailed cityscape, the “tehuana” dress is hanging on a blue ribbon attached to a toilet sitting on top of a column on the left, and a trophy also on top of a column on the right. The painting is filled up with buildings, factories and the Statue of Liberty. A great David Alfaro Siqueiros “Mujer Dormida – La Primavera” (Sleeping Woman – Spring)


And to close this note on a cynetic twist, this is a Luis Tomasello “Atmósfera Cromoplástica” (Chromoplastic Atmosphere) – Detail. This Argentinean artist has a real talent playing with geometric forms and managing color, light and shadows which I find phenomenal.

Until next time,

Laura Cunningham
Director

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800hosting helps to run the latinamericanart.com web sites

May 14th, 2010

When we launched latinamericanart.com we had the daunting task of selecting a competent dedicated server provider and we chose 800hosting. Since our inception we knew that eventually we had to chose a provider that would be able to hold our hand, help us when needed and most of all, keep the web sites up.  Art and technology are much more compatible now than back in the day, but it’s rare to find an art nut who is also a full blown technical wizard. So we often times find ourselves able to handle the front end (updating our sites) but with little or no comprehension of how the backend works. Things like data backup in case our system fails or keeping our servers free of viruses have become very important to us. Read a few blogs and you will quickly learn that not so nice things happen to nice web sites far too frequently.

The only time we had an issue was when one of our dedicated servers started to have a slowness issue but that was quickly resolved with a simple phone call. 800hosting has been helpful when needed and has always been prompt to reply by phone or email so we have been very satisfied with our choice and while they are not the least expensive, we sleep better at night knowing that they are keeping a watchful eye on our servers.

So we want to publicly thank 800hosting for doing a great job and helping us make latinamericanart.com the best Latin American Art portal on the web.

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An Interview with Peter Fetterman director of Peter Fetterman Gallery

March 7th, 2010

An Interview with Peter Fetterman director of Peter Fetterman Gallery.

Peter Fetterman

Peter Fetterman was buzzing around his booth at the Dallas Art Fair as I was walking around. We made eye contact, got closer and asked each other who we were. Great guy with a thick British accent, I had instant chemistry with him. I wasted no time and asked if I could have an interview and he was ready to collaborate with me. It was the last day of the fair and he had many clients coming back to buy what they had seen over the weekend so my visit lasted for over one hour but the interview was only 11 minutes long. 

Laura Cunningham: How long have you been collecting?

Peter Fetterman: I have been collecting for 30 years.

LC: Have you only collected photographs?

PF: That is correct. I specialized in photography from the beginning.

LC: What got you interested in Latin American photography?

PF: I like the humanism in the images and I think that people from Latin America have a genuine sense of caring and reality, basic human values which maybe a lot of other cultures don’t have. They are very nice, kind, sensitive people – full of life – and sensitive to other people’s problems and a sense of humanity.

LC: Have you always had a gallery to display your photographs?

PF: I started as a private dealer for 3 years and then I opened my first public gallery 17 years ago. Now I am based in Santa Monica, California. I am British by birth and I moved to America 30 years ago. I was a film maker but I got seduced by the power of images – still images – and it changed my life.

LC: Do you only collect Black & White photographs?

PF: I deal primarily with Black & White; it is more powerful for me.

LC: Have you ever lived in any Latin American country?

PF: I have not. I would like to.

LC: Would you tell me more about the Latin American photographers you carry?

PF: Sure, I think Sebastiao Salgado is probably the most important living photographer. He was born in Brazil and lives in Paris. He has a really global view. That’s his ethos. I really think he is the greatest living photographer. I spend a big part of my day on him.

Sebastiao Salgado – Gold Mine 1986

LC: What would you consider to be the main difference between Sebastiao Salgado versus Manuel Alvarez Bravo or Tina Modotti or Graciela Iturbide?

PF: I think because he travels so much he documents the world, and I think that both Bravo or Modotti who I love were very confined only to Mexico, where as Salgado is a Brazilian photographer that has a global vision an he is an economist that has an understanding on how the world works in particular how the third world works and how its relationship with the first world works because of his training as an economist. He is not just a photographer; he is a highly intelligent, analytical person with a great talent, with a great vision and he knows how to tell stories and he knows how to move people and he knows how to show things that he wishes.  

 

Manuel Álvarez Bravo – El Sueño 1931

LC: Do you collect any other type of art; paintings, sculptures…

PF: Occasionally, I collect some paintings, I like drawings, and sometimes I trade with other art dealers. Over the years you find things you fall in love with.

LC: What moves you?

PF: My daughter “princess Charlotte” and theatre.

LC: What’s your favorite play?

PF: Death of a Salesman by Arthur Miller, It makes me cry every time I see it.

This was a little bit about Peter Fetterman. A gentleman, easy to talk to. I hope to visit his gallery soon and pick his brain a little more so I may share with all of you. If you want to learn more about the photographers he represents, please visit www.PeterFetterman.com.

Until next time,

Laura Cunningham

Director

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Absolute success at the Sotheby’s Contemporary Art sale in London Feb, 2010

February 20th, 2010

Lucio Fontana “Concetto Spaziale”

Sotheby’s did not expect this sale to be as successful as it was. They anticipated a good auction but this exceeded their expectations by more than ten million pounds. Not only the room had a great number of determined bidders but also the presence of the phone bidders was felt at the sale non stop.

Sotheby’s blames the success to having the right collection with the right marketing at the right time. The total sales for this auction were in excess of 54 million pounds making it the second highest ever Contemporary Sale in London. In this sale only, 24 world records were set.

They had many works new to the market and also many unknown artists that bidders were eager to experiment on. Phenomenal results as well for Latin American Artists demonstrated the strength that Latin American Art has. A Jesus Rafael Soto fetched almost £300,000; a Victor Vasarely brought more than £500,000; an Eduardo Chillida brought more than £1 million while a Lucio Fontana work called “Concetto Spaziale” fetched more than £3 million.

Sotheby’s is anticipating their upcoming Contemporary sales on May and June 2010.

Until next time,

Laura Cunningham
Director

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An interview with artist Carlos Betancourt

February 18th, 2010

Carlos Betancourt I stumbled upon Carlos Betancourt when visiting the booth of Ruiz-Healy Art at the Dallas Art Fair . After talking to the owner and director Patricia Ruiz-Healy, she told me that the artist that created the artwork I kept looking at was present at the fair. I got to interview him the next day. Carlos Betancourt is a Puerto Rican artist living and working in Miami. Betancourt is a gifted photographer; he possesses an exceptional skill to arrange colors to conform a perfect fusion. Betancourt’s imagination goes beyond any boundaries with a persistent order that arranges its characters in stark positions to create harmony, sometimes from total chaos. He assembles and juxtaposes an infinite number of objects creating a flashy but perfectly harmonious work of art. Plus, he is a really cool guy to talk to.

Carlos Betancourt: “Look at this chair!… I’ve never met him and I would love to share with him one day.”

(Betancourt talking about the similarities between his work and Michael Craig Martin’s).

Laura Cunningham: So were you influenced by him or was it pure coincidence?

CB: No, these are some things that I was influenced by prior and then I see Michael Craig Martin’s recent works and there are parallels, it’s fascinating, when things like these happen between artists. I would love to share with him one day. I haven’t met him I just know his works through the years; I would like to introduce myself and tell him that he is really influential on my work. I think one of the most important things is being influential to others. I hope he takes it like that. I’ve heard he is a great guy.

LC: How were you introduced to painting?

CB: Painting, I think is the natural progression. It’s a 5k thing if you’re going to be an artist and that’s how it started since I was a little kid painting. My goals were architecture and design for many years. I always wanted to leave painting aside being a visual artist but I was helpless against what you know is your destiny. So I painted for many years went to art school got my degree in design, never stopped painting aside and all the progressions down to photography. I work in many disciplines: performance arts, installations, sculptures, and a lot of 3 dimensional works but always with a similar language that keeps on growing, I like to say I keep on adding pages to the book, chapters, there are a lot of parallels between my paintings and my photography too.

LC: So besides Craig Martin who else influences your works?

CB: At different times, different people from Cindy Sherman, The architects are very important to me like Morris Lapidus. I just had a solo show in Miami called “Lapidus Infinitus” after Morris Lapidus. Jeff Koons’ big time, the simplicity of thought and yet totally complex, he welcomes all things kitsch which I do. Damien Hirst has an influence in every contemporary artist. I like a lot of artists that have to do with my work. I have a great collection of contemporary art.

LC: Do you have a favorite?

CB: Consistently favorite I have to say Jeff Koons but from the big ones mhh… all I have from Michael Craig Martin is a signed catalogue! (He laughs out loud). I love Peter Beard, I love his photography, very eclectic but Lapidus always surfaces, you see him in my work even photos of him. I do a lot of reference to the artists that have influenced me or architects, pop cultures, figures. So if you see (looking at one of his works) I do have a direct connection with artists that influence me.

LC: Artists complain about lack of freedom when working with commissioned work. Do you work differently with a commissioned work?

 CB: With commission work I collaborate with Alberto Latorre which is an architect I know from many years, so by its nature I’m already collaborating with someone else. It’s really hard to get these commission works if you don’t have a team. Alberto thinks parallel to me and has very similar approaches maybe more minimalist than me. In commissions you compromise more. You are working with a team, you are working with someone that has set you some boundaries and I have no problem with that. I enjoy the challenge of limiting myself. I always say as an artist you have so much freedom and the ultimate expression of freedom is being an artist. You can wake up and be whatever you want and contradict yourself the next day if you want to, really, and it’s ok. So you do have to work with certain boundaries to really create your voice and your language at the same time.

LC: What are these boundaries specifically?

CB: I think they are more physical than poetic, they are site specific. I think the artist no matter what, wants to get his true identity across and he will fight for that but you can’t compromise with composition, skill, materials, and if they don’t have a big impact on your concept, if you are working with conceptual art, if the material is significant then you cannot change it, you compromise with something else. When you are working freely in your studio in comparison, you put your own boundaries too, at least I do. Once I reach a plateau that I like, I don’t want to spill all over it because for an artist is the entire world, your food, your fuel! And there is so much beauty out there, so much to get moved by, you have to choose. This moves me more than anything else and I stick a lot with kitsch, the elements of kitsch. I always try to focus on the artists that move me and if you want to, they’re relevant to their times. For me pop culture is a constant source that keeps on cleansing itself and renewing itself. On day is Black Eyed peas then is the Lady GaGa, I love it.

Re-Collecions VIII Autumn 2008

Print on fine art paper 72″ x 72″

LC: Your colors are so powerful, where do they come from?

CB: I think a lot in composition first, like many artists. I think in color that’s very abstract so I can look at my work in two different ways, the figurative and conception and the composition as art for art sake, these colors work for me. There is this abstraction in front that speaks to me. There are many sources, but some people being raised in the Caribbean with such bright light and colors; but you know Warhol was not raised in the Caribbean or Michael Craig either, so it’s about composition, it’s about being an artist, it’s about making the colors work for you, I think that’s a very intricate part of my work and I’m glad that you asked me because most people just go directly to the subject matter.

LC: What would you like for people to see on your artworks?

CB: It’s difficult because it is abstraction, is what works for your mind. I always say that being a visual artist is in a visual context. If I knew what I was saying in text, I would be writing books, essays. It works in a visual level for me and when I have an idea, a goal, a direction, the idea comes visually. I have to execute it no matter what, I don’t know its meaning but when I have the idea visually, many times I can put words in it. Many artists can’t, we play a lot with the idea of giving verbal explanations or reading essays, we leave that for you and other people. I think strictly visual. When someone comes to me and tries to talk to me I say: “draw it for me and then I will understand it”. My brain is wired like that. Color is like that.

-Betancourt shows me this powerful work below called “The Last Supper”.

 

“The Last Supper” This for me is a color composition; this is what the brain does. You see the reference of Damian Hirst, there is Jeff Koons. This has a direct theme, it’s figurative it’s called “The Last Supper” but for me is about color composition more than anything. I selected each item in here from her clothes to her blouse, to her dress and I think it is successful in a subconscious level because of the placement of the color. So it’s in a level of abstract, I love the mystery in my work. I don’t really look for answers but for questions. I’m impressed when I see Michael Craig’s work and you see the same objects of reference and, I don’t know the answer and I don’t think he does either and I love that connection, it is visual, is like “oh, he understands! He understands why I love this chair and why I use it… understanding without words.” All these things happened one day on a sketch, all thrown. I know what character will play each thing. I call these people and tell them “Today, you will be holding a pigeon … do you have allergies or a problem with holding a pigeon?” (He laughs).

-Most of Betancourt’s artworks are very powerful either in color or in subject. This particular work shows many different objects, some held by people, or should I say “characters”. There are catholic candles, pre-Colombian works from his personal collection; ofrendas done with cakes; there is the Guggenheim; there is Audrey Hepburn, the elements: air, fire, earth; there are flowers, bananas, crystals you name it. You can examine one of these artworks for a long time and discover endless subjects that spark your imagination. You may visit www.ruizhealyart.com to learn more about Carlos Betancourt.

Laura Cunningham

Director

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