Topic: Auction Tour for Arts
Comments (0) | Add a Comment
The Financial Times had yet another art-as-an-asset-hedge-against-inflation story. It rounds up the usual suspects like Castlestone and relies on a dubious article that plumped for Phillips de Pury’s gimmicky BRIC designation as a new collecting category. But the FT did offer this new wrinkle on art collecting by the financially minded in Argentina:
On Thursday, the city bank of Buenos Aires, Banco Ciudad, which prides itself on being the country’s top bank in the auctions business, holds its third “super special” auction of the year – and is already bracing itself for a packed auditorium and telephone lines buzzing with bids, amid what it says is a “sustained growth in public interest in investing in art”.
In Argentina, where private estimates reckon inflation will end the year at 25 to 30 per cent (well above the discredited official data, which reports that prices have risen 6.7 per cent so far this year), buying art may be a new hedge.
It could also be a way for Argentines to maintain a sense of sophistication. Argentines gloried in their humble peso being equivalent to the mighty dollar during the 1990s – until the unsustainable currency peg spectacularly collapsed in 2001-02.
Whatever the reason, visitors to the auction section of Banco Ciudad’s website have doubled in the past month and there are 20 requests a day to receive auction catalogues online for bidders to browse the relative bargains on offer.
Reserve prices for Thursday’s auction of Argentine artists start as low as 1,500 pesos ($380) and the biggest ticket work is Vito Campanella’s oil on canvas, “La Payada” , which starts with what the bank calls the “very tempting” price tag of 15,000 pesos ($3,800).
The bank’s first two auctions this year raised more than 4.4m pesos ($1.1m) and artworks have gone under the hammer for more than 50 per cent more than their reserve prices.
Dodge Inflation, Buy Art (Financial Times)entina, Banks Auction Art
View Art and antique shops, flea markets, auctions for Buenos Aires and all Argentina in a larger map
Auction Tours in all Argentina. Buy at Auction, go Local. Auction Tours in Buenos Aires and Argentina with Bob Frassinetti Bob Frassinetti and The Buenos Aires ArtDealer has a specialized team that handles everything in terms of art, collectibles and antiques auctions, and auction tours to shopping, hunting and customized touring services. The planning begins before you arrive to the city, with conversations, directions and market research of the style, art and antiques you’re looking for. From the minute you arrive to Buenos Aires we handle everything from picking you up in the airport, hotel reservations, auctions scheduling, hunts to off the path markets and fairs, discounts, shipping and handling all the paper work regarding the exporting of the works. Auction Tour for Real Estate, Country Side Auctions for Art and Antiques here in and around Buenos Aires, but also more important in the Countryside of Argentina to small villages, towns and Cities. Auctions in all Argentina are a great option for Real Estate Investors to Collectors, for Art and Antique, Dealers and Gallery owners from around the globe. Read daily Up Dates on Art and Antiques for Buenos Aires, Argentina http://www.frassinetti.biz Argentina also exports antiques over 100 years old with the help of Bob Frassinetti Read all about the South of South America, Argentina, Chile and Uruguay on this link. Updated and new web site, The Buenos Aires Toy Museum, Argentina www.the-ba-toymuseum.com Chat some more soon, Bob Frassinetti. On the road around Argentina, Chile or Uruguay,...Bob Frassinetti, art and antique dealer and free lance journalist from Argentina, Buenos Aires, working on the web, writing both for pleasure and work on art, antiques and collectibles, in and on Buenos Aires, Argentina as well are neighboring countries, Chile and Uruguay. "I've written for several Travel Adventure, Art & Antiques Magazines on and off the web and have researched Toys made here in Argentina, as well as Travel Adventure from Route 40 and Lighthouse Adventures along the Atlantic and Pacific coast, Dakar Rally 2009, 2010 and now for a 3erd time, 2011, “Building a Gallery Museum in the Province of Cordoba” ........ Travelling for Art and Antiques" and I have been on line since 1996
Newer | Latest | Older