Showing posts from April, 2009

Ukrainian Art + Russian Art

Sotheby’s will make a sub-sale of Ukrainian Contemporary art within its London Russian Contemporary art auction week.

With wealthy Russian buyers no longer dropping millions of dollars on art since the economy soured in the fall, Sotheby’s is hoping to entice Ukrainian collectors who are willing to shop at a more modest level.

For the first time the auction house will be adding examples of contemporary Ukrainian art to its contemporary Russian art auction in London on June 9. Estimates for the works range from around $3,000 to about $36,000. To promote the sale it will be showing 19 highlights at the Ukrainian House in Kiev on May 20 and 21.from Inside Art NYTimes

Trying to think of anyone I could have possibly not told about RegiaArt yet in the last 2 years.
Regia Marinho 24" x 30" painting

An Art Fund

Castlestone Management’s recently announced that an art fund that will be open to investors with as little as $10,000 to allocate toward art as an asset class.

Angus Murray, Castlestone’s managing principal. Art, for Mr. Murray, is another real asset, one that has been under-utilized by finance professionals.

Murray will seek to create a diversified collection of museum-quality modern art from a variety of genres, including: impressionist, post-war, contemporary, sculpture, urban art and photography.

The interview Angus Murray did with Bloomberg UK last Friday is below minus the opening section dealing with oil and commodities prices

Interview with Angus Murray

John Dawson I’m now joined by Angus Murray, the founder of Castlestone Management which now has $700m in assets. Angus joining the managers, the Aliquot Active Commodity Index Fund. [ . . . ]

John DawsonDon’t go away Angus, because contemporary art prices have slumped by half over the past six months. Wealthy buyers are drying up …