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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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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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

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