BENGALURU: Bengaluru is the third-largest market for art collectors after Delhi and Mumbai. Although it has a small pool of serious collectors, it does not, yet, have a culture that encourages youngsters to walk into galleries and auctions, identify and pick up artefacts.
An event titled ‘A Conversation on Collecting’, to be organised by Chennai-based Ashvita’s in the city on Friday, hopes to start a dialogue on navigating the collectibles market.
Ashvin E Rajagopalan, its founder, said it is important to document and build an organised market for collectibles, which is currently opaque. Bengaluru, he said, has a diverse group of collectors. “Unlike Mumbai and Delhi, which invests heavily in art and paintings, Bengaluru is more influenced by global trends and popular culture. So, collectors here prefer getting quirky articles like graphic novels, automobiles, stamps and film posters,” he said.
Rajagopalan will moderate a panel discussion during the event on Friday, where he will speak with city-based collectors Arun Prasad, who has over 17,000 rare Indian comics, and Pradeep Kambathalli, an artist and a collector of vintage matchboxes. The discussion will focus on their individual passions, along with insights on how amateur collectors can determine the worth and monetary value of a collectible.
Prasad said while it is important to keep an eye on the market and money, a collector must first have the passion to keep looking out for artefacts that would add to the collection. “According to me, to build an enviable collection, one must be ready to travel to different places, rummage through markets and network with collectors to find things that make one happy. Trading is secondary.”
Friday’s event is a precursor to an online auction of 30 modern and contemporary art pieces by Ashvita’s scheduled for November 28 and 29. This will include works by artists like SH Raza and Subodh Gupta, collectible photographs and limited edition lithographs.
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Leena Chethan, owner of Tangerine Art Space, said the city has the potential to create a new generation of collectors from its well-heeled IT crowd.
“Mumbai has an inherent culture of art appreciation, while Delhi has many art galleries and people who are knowledgeable about the market,” she said. “For Bengaluru to get there, the city must organise events that pique the interest of galleries and collectors by getting them under one roof,” Chethan said.
Scribbles, Scratches And Other Abstract Pieces Of Art That Made Millions
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Who says a scribble or a scratch is worthless? Check out these abstracts which sold for a fortune thanks to their minimalistic allure.
Who says a scribble or a scratch is worthless? Check out these abstracts which sold for a fortune thanks to their minimalistic allure.
Cost: $70.5 million
What seems like chalk scribbles on a slate is actually an oil-based house paint and crayon artwork on canvas by Edwin Parker ‘Cy’ Twombly Jr, which fetched a record price for the artist in Christie’s 2014 sale. Part of Twombly’s ‘blackboard’ paintings, the 1970 artwork is inspired by his stint in Pentagon as a cryptologist. What’s interesting is the way he produced this artwork. He sat on the shoulders of a friend, who kept on walking along the length of the canvas, enabling Twombly to create fluid lines. The painting’s then owner, Audrey Irmas, a philanthropist, parted with the painting to raise funds for her foundation for social justice. Interestingly, Irmas bought the painting for $3.85 million in 1990.
(Image: www.christies.com)
Cost: $70.5 million
What seems like chalk scribbles on a slate is actually an oil-based house paint and crayon artwork on canvas by Edwin Parker ‘Cy’ Twombly Jr, which fetched a record price for the..
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Cost: $1.65 million
Once part of the Robert and Jean Shoenberg collection, this 1961 artwork came into the market at Christie’s 2008 sale. Kelly was a camouflage artist during his stint in the army in the 1940s. He was a part of the unit known as ‘the Ghost army’ comprising artists and designers who painted objects that would misdirect enemy soldiers.
(Image: www.christies.com)
Cost: $1.65 million
Once part of the Robert and Jean Shoenberg collection, this 1961 artwork came into the market at Christie’s 2008 sale. Kelly was a camouflage artist during his stint in the army ..
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Cost: $86.88 million (including buyer’s premium)
The vibrant orange, red and yellow coloured rectangles was part of art collector David Pincus’s estate and was brought to the market by Christie’s in 2012 where its sale set the record for post war/ contemporary art at the time. Rothko’s 1961 work was in Pincus’s possession for four-and-a-half decades. The final bid was double the highest estimate of the artwork.
(Image: www.markrothko.org)
Cost: $86.88 million (including buyer’s premium)
The vibrant orange, red and yellow coloured rectangles was part of art collector David Pincus’s estate and was brought to the market by Christie’s i..
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Cost: $16.2 million
The 24 sharp vertical tears on a crimson, water-painted seven- foot wide canvas was contested for about a minute and 30 seconds during Sotheby’s 2015 auction. Yet, the painting was sold below the low presale estimate of $15 million. Turns out, Fontana was inspired to paint this artwork watching Red Desert, a 1964 movie created by Michelangelo Antonioni, which won the Golden Lion in that year’s Venice Film Festival. In fact, the inscription on the back of the painting, in Italian, reads, “I returned yesterday from Venice, I saw Antonioni’s film!!!”
(Image: www.sothebys.com)
Cost: $16.2 million
The 24 sharp vertical tears on a crimson, water-painted seven- foot wide canvas was contested for about a minute and 30 seconds during Sotheby’s 2015 auction. Yet, the painting ..
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Cost: $84.16 million
Newman’s 1961 stark black palette on a pale canvas was part of Christie’s post-war and contemporary evening sale auction in 2014. Newman started dabbling in abstract expression while he was mourning the death of his younger brother George. About the painter’s black fixation, art expert Thomas Hess recalled Newman saying, “When an artist wants to change, when he wants to invent, he goes to black as it is a way of clearing the table-of getting to new ideas.” The painting is in the possession of a private collector now. Its previous owner had the painting for nearly 40 years.
(Image: www.christies.com)
Cost: $84.16 million
Newman’s 1961 stark black palette on a pale canvas was part of Christie’s post-war and contemporary evening sale auction in 2014. Newman started dabbling in abstract expression..