Honestly, apart from one or two genuine "art lovers" here, mostly it's based on social climbing, ego, and market speculation. Let's be honest, most self-made tycoons are entirely possessed by making a profit - and watching the monetary value of a painting increase is what really drives their thrill of collecting. There are plenty of extremely talented, struggling artists out there creating great work but they aren't represented by the top dealers - and none of these billionaires would ever buy anything from a "middle-market" gallery. So don't tell me its all about the "love of art"
Certainly not! Nowadays, Art has officially entered investor’s portfolios as an alternative asset class. Foundations and art fairs still have a role in balancing that out by giving exposure to younger artists or artists on the rise.
Very well put together and interesting. Thank you. Meanwhile I saw the exact same painting I did in 2016 hanging on the wall of Microsoft, so I guess it’s more valuable than I realized. Too bad I gave it away.
I wish you make a video about the topic ( art and money laundering ) Does they relate somehow? Because money launderers need to convert their cash to assets that doesn’t go less in value in fact it increases
Thanks for recommending this topic! Art and money laundering is a complex and evolving issue and developing the subject could lead to interesting discussions. It is indeed true that money launderers often seek to invest in assets that have the potential to appreciate in value, such as high-value artworks. With its inherent subjectivity in valuations and relative anonymity, it can be an attractive avenue for criminals looking to legitimize their illegally obtained funds. We will definitely consider it! Stay tuned 😉💯
Really depends if it’s a first time sale on the primary market or if it’s a resale on the secondary market in between parties other than the artist. The income artists receive can vary significantly depending on artist's reputation, the demand for their work, the specific artwork being sold, the gallery or platform involved, and the terms negotiated by the artist. Generally speaking, on the primary market, artists typically receive a percentage of the sale price, often ranging from 40% to 60%. On secondary, ranges from 1% to 5% of the resale price (but depends on jurisdiction/laws in place where the sale is taking place). Thanks for your question 🙏🏻
Very nice video! But a lot of mistakes - Abramovich and Zhukova are not together for many years. Also there was a picture of Onassis when talking about Niarchos
Back in the day I was fortunate to be a docent for a traveling show of early Christian art. The was a Rembrandt of Ester in her gold dress. I would just go and sit in front of it wondering how he made the gold dazzle. The collection revealed more about religious history/spin than I was aware of.
Nice! Yes, in this painting Rembrandt really manages through light and shadow to create a dramatic atmosphere and, hence, highlights the emotions of the characters. Thanks for sharing 🙏🏻
David Geffen first became a millionaire in 1969 when the extraordinary New York singer/songwriter Laura Nyro sold her publishing to Columbia records and Geffen got his share as her manager. Nyro was Geffen's first artist under management. He could not have chosen any better. She was the hottest pop songwriter 1968 - 69. In November 1969 3 of her songs were on Billboard at 1, 2 and 10. She features heavily in the documentary Inventing David Geffen. She was aged only 21 in 1969.
The two Van Gogh paintings shown when discussing the Niarchos collection and Broad collection are not by Van Gogh. Kind of poor pastiches of Van Gogh. Which makes me wonder how many fakes do these people own? And how much insurance is covering the total of however many fakes?
It’s incredible how people can get away with selling fakes or in general to pull off such scams ie. Knoedler Gallery scandal. But on the other, it’s standard practice to rely on authentication upon purchase. It's anyways crucial for collectors to carefully review their insurance policies to understand if and how they are protected against owning counterfeit or fraudulent artworks! Think a nice general audit of collections wouldn’t hurt.
Gnomes are 0.2% of the global population. On this list, numbers 1, 2, 3, 6, and 10 are gnomes. #12 (Microsoft) is owned by gnomes in the board of directors. Every aspect of the global art collecting is gnomish. What are the odds?
@@Antique_Glass_Collector I suspect that many collectors and dealers are little more than stock traders. And their interest in many of the pieces they amass is connected to the name and reputation of the artist and not in the art itself.
There are many reasons to invest in art, could be for investment, status, pure aesthetics, philanthropy or passion. What you’re saying is true, when it comes to investors wanting to increase their status as well as to artistic production. In some cases art is traded without being moved, like in the Geneva Freeport: given its extraterritorial jurisdiction no customs duty are paid or taxes on the sale. Thanks for your comment, leads to a reflection 🙏🏻
@@artpatico i wonder if is it possible or did it ever happen for a huge sale to take place without a dealer , because the percentage they take on the sale is insane! . I remember reading an article about damien hirst the British artist once did it and took multiple of his work straight to sothebys and its sold for a fortune! Thats a prove great artists doesn’t need dealers if they have great connections.
Think it’s important to notice that the majority of art transactions are legitimate. However, there are many factors in the art market that make it prone to such activity: high value goods, easy to store and move, lack of regulation, complexity and subjectivity of pricing, anonymity and privacy, layering techniques in money laundering, limited due diligence. All of the above factors, and the uniqueness of the art market, make it susceptible to exploitation by those seeking to launder money or hide assets. Very interesting topic to explore, thanks for your question 🙏🏻
Thanks for letting us know! Unfortunately the Berardo Collection is not present in many lists of top art collectors. Bear in mind that there are various factors that come into play in these kinds of lists like scope and scale, ownership, recognition and institutional support. (making size and value of the collection not a deciding parameter per se). While the Berardo Collection may not match some of the above stated criteria, as many others, it still holds relevance and value within the context of contemporary art. We will surely consider this collection on future productions on the same topic! Thanks for your precious feedback 🙏🏻
@@artpatico yeah when I learnt of it I was shocked, it seems collector is facing juridical issues in his country because of debts. To get final support from national banks he pledged his collection as collateral for paying off the loan. When he declared bankruptcy country’s government and he started a dispute on how much his collection is worth, in 2019 banks payed Christie’s to evaluate Berardo collection, then at the that time it was a shocking 1.3 billion euros (1.5 billion dollars). In 2022 they asked them to make a new evaluation, and now it was at 1.8 billion euros (over 2 billion dollars). Berardo was really clever when deciding which artworks to buy, and in his contemporary collection you have Pablo Picasso, Francis Bacon, Salvador Dalí, Piet Mondrian, Jackson Pollock, Andy Warhol, Kazimir Malevich, Marcel Duchamp, René Magritte, Jean-Michel Basquiat and so on…
Amazing collection as you said, but there’s an ongoing complicated legal battle between Berardo, the Foundation, the Banks, the State and the Berardo Collection Museum where the paintings are on loan.
@@artpatico well idk..what the name is ...idk do I get to name it? It's a 5 1/2 x 7 1/2 inch Water Color ..of scenic landscape it leads to a tree . .that has a tree house with a figure in the open window...there is also a few other characters masterfully hidden throughout....I'm about 99% there from a movie/ musical.1939...the greatest musical ever ..Oz ...I have yet to decifer the Swiss cursive on the back..but it's definitely a Marcel Poncet.. dated with a 45 the year the war ended ...I'd honestly be impressed if a art appraisal would even see what I found...cuz this is just one of those things that ain't Ina book ..
Ahhhh Greed, Avarice, and Megalomania of the Art World ! I think I enjoy my modest Art Collection of 300 works more than their thousands of overpriced blue Chip and investment-grade Art because that is what they have mostly $$$$ A investment commodity.
👺IF any of you 15 watching First artist with a new color medium on Canvas ME First in the world to paint with my face onto Canvas ME First to Price by Time Me Only 200 works with 54 Sold out of 200
Honestly, apart from one or two genuine "art lovers" here, mostly it's based on social climbing, ego, and market speculation. Let's be honest, most self-made tycoons are entirely possessed by making a profit - and watching the monetary value of a painting increase is what really drives their thrill of collecting. There are plenty of extremely talented, struggling artists out there creating great work but they aren't represented by the top dealers - and none of these billionaires would ever buy anything from a "middle-market" gallery. So don't tell me its all about the "love of art"
Certainly not! Nowadays, Art has officially entered investor’s portfolios as an alternative asset class. Foundations and art fairs still have a role in balancing that out by giving exposure to younger artists or artists on the rise.
Sadly
🎯
BRAVO!!! 100% TRUE!!!❤❤❤
Exactly almost.
Keep it coming. Subscribed with a bell
Thanks!! 🙏🏻 looking forward to seeing your comments! 😁
Very well put together and interesting. Thank you. Meanwhile I saw the exact same painting I did in 2016 hanging on the wall of Microsoft, so I guess it’s more valuable than I realized. Too bad I gave it away.
Thank you for the nice feedback! Which one are you referring to exactly?) hope you have other valuable artwork laying around 😉
I wish you make a video about the topic ( art and money laundering )
Does they relate somehow? Because money launderers need to convert their cash to assets that doesn’t go less in value in fact it increases
Thanks for recommending this topic! Art and money laundering is a complex and evolving issue and developing the subject could lead to interesting discussions. It is indeed true that money launderers often seek to invest in assets that have the potential to appreciate in value, such as high-value artworks. With its inherent subjectivity in valuations and relative anonymity, it can be an attractive avenue for criminals looking to legitimize their illegally obtained funds. We will definitely consider it! Stay tuned 😉💯
Love the report. thank you.
Thanks for your feedback! We really appreciate it! 🙏🏻
With all this money being made, I wonder how much the artist actually makes?
With my NFTs 10% every sale & my Canvas Paintings once . . .👺
Really depends if it’s a first time sale on the primary market or if it’s a resale on the secondary market in between parties other than the artist. The income artists receive can vary significantly depending on artist's reputation, the demand for their work, the specific artwork being sold, the gallery or platform involved, and the terms negotiated by the artist.
Generally speaking, on the primary market, artists typically receive a percentage of the sale price, often ranging from 40% to 60%. On secondary, ranges from 1% to 5% of the resale price (but depends on jurisdiction/laws in place where the sale is taking place). Thanks for your question 🙏🏻
@@artpaticoTHIS IS ABOUT MONEY LAUNDRY!!!
Very nice video! But a lot of mistakes - Abramovich and Zhukova are not together for many years. Also there was a picture of Onassis when talking about Niarchos
Thanks for the feedback!
Back in the day I was fortunate to be a docent for a traveling show of early Christian art. The was a Rembrandt of Ester in her gold dress. I would just go and sit in front of it wondering how he made the gold dazzle. The collection revealed more about religious history/spin than I was aware of.
Nice! Yes, in this painting Rembrandt really manages through light and shadow to create a dramatic atmosphere and, hence, highlights the emotions of the characters. Thanks for sharing 🙏🏻
Geffen absolutely loves my art
Thanks for letting us know! 😄
I am going to be like you guys here in Jamaica and change the face of the Caribbean.
Nice!! 👏👏👏
Rich people buy the name not the art
They put money on the big names. Or at least that’s what makes the headlines!
Awesome
Thanks! We appreciate it💯👍🏻
David Geffen first became a millionaire in 1969 when the extraordinary New York singer/songwriter Laura Nyro sold her publishing to Columbia records and Geffen got his share as her manager. Nyro was Geffen's first artist under management. He could not have chosen any better. She was the hottest pop songwriter 1968 - 69. In November 1969 3 of her songs were on Billboard at 1, 2 and 10. She features heavily in the documentary Inventing David Geffen. She was aged only 21 in 1969.
Thanks for this. Very interesting! 👍🏻
The two Van Gogh paintings shown when discussing the Niarchos collection and Broad collection are not by Van Gogh. Kind of poor pastiches of Van Gogh. Which makes me wonder how many fakes do these people own? And how much insurance is covering the total of however many fakes?
It’s incredible how people can get away with selling fakes or in general to pull off such scams ie. Knoedler Gallery scandal. But on the other, it’s standard practice to rely on authentication upon purchase. It's anyways crucial for collectors to carefully review their insurance policies to understand if and how they are protected against owning counterfeit or fraudulent artworks! Think a nice general audit of collections wouldn’t hurt.
I think you forgot the Rothchild's
I love Rubens blue
Great Artist, incredible paintings! 😍
All those ridiculous poodles!!! Jeff Koons is not an Artist.
Thanks for your comment 👍🏻 what makes you think he is not an artist? Let us know!
@@artpatico What a silly question. The defining characteristic of our times is 'bad taste'.
Ok, we’ll take your reply as good enough 👍🏻
@@artpatico Moreover Jeff K's home in Manhattan is a showcase of 18th century French antiques. JK is not an Artist.
Gnomes are 0.2% of the global population.
On this list, numbers 1, 2, 3, 6, and 10 are gnomes.
#12 (Microsoft) is owned by gnomes in the board of directors.
Every aspect of the global art collecting is gnomish. What are the odds?
Thanks for your gnome comment! 😅 keep em coming 👍🏻
@@artpatico Do you understand?
I got some great artwork
Yes, let us know where 😀
They are no collectors, they are just buyers. And mainly they are speculators, hoping to make more and more money with it. It's just business.
Yes !
The price of Liechtenstein has a very long head 😮 And the woman next to him too… Btw who is that? His wife?
😂😂 thanks for the comment on the Prince’s facial features! That’s a new one for the books!)
She’s the wife! H.R.H. Hereditary Princess Sophie 👸
I noticed that also - his is thin rectangle and hers is wider square, a perfect geometric match for each other.
@@CineArtShorts Yes, very geometric royal couple! They can make a lot of angles together 😂
Someone’s getting more attention than the artworks! That’s why it’s important to be different 😊
How is Larry Gagosian not here? The owner of Gagosian galleries, one of the biggest in the world.
Wjat is the picture at 0:29?
( 4:51 that's a Koons, not a Hirst )
Money and fame do not always equate to quality.
All a matter of taste that is if you mean the art they buy
@@Antique_Glass_Collector I suspect that many collectors and dealers are little more than stock traders.
And their interest in many of the pieces they amass is connected to the name and reputation of the artist and not in the art itself.
There are many reasons to invest in art, could be for investment, status, pure aesthetics, philanthropy or passion. What you’re saying is true, when it comes to investors wanting to increase their status as well as to artistic production. In some cases art is traded without being moved, like in the Geneva Freeport: given its extraterritorial jurisdiction no customs duty are paid or taxes on the sale. Thanks for your comment, leads to a reflection 🙏🏻
@@artpatico i wonder if is it possible or did it ever happen for a huge sale to take place without a dealer , because the percentage they take on the sale is insane! . I remember reading an article about damien hirst the British artist once did it and took multiple of his work straight to sothebys and its sold for a fortune! Thats a prove great artists doesn’t need dealers if they have great connections.
Is there anyone collecting hand made carpets/ rugs with errors?
Challenging request! 😊
money launderers?
Think it’s important to notice that the majority of art transactions are legitimate. However, there are many factors in the art market that make it prone to such activity: high value goods, easy to store and move, lack of regulation, complexity and subjectivity of pricing, anonymity and privacy, layering techniques in money laundering, limited due diligence.
All of the above factors, and the uniqueness of the art market, make it susceptible to exploitation by those seeking to launder money or hide assets. Very interesting topic to explore, thanks for your question 🙏🏻
Yes!!
Wow you simply ignored Berardo Collection, which is valued at 1.8 BILLION EUROS, over 2 BILLION dollars according to Christie’s
Thanks for letting us know! Unfortunately the Berardo Collection is not present in many lists of top art collectors. Bear in mind that there are various factors that come into play in these kinds of lists like scope and scale, ownership, recognition and institutional support. (making size and value of the collection not a deciding parameter per se). While the Berardo Collection may not match some of the above stated criteria, as many others, it still holds relevance and value within the context of contemporary art. We will surely consider this collection on future productions on the same topic! Thanks for your precious feedback 🙏🏻
@@artpatico yeah when I learnt of it I was shocked, it seems collector is facing juridical issues in his country because of debts. To get final support from national banks he pledged his collection as collateral for paying off the loan. When he declared bankruptcy country’s government and he started a dispute on how much his collection is worth, in 2019 banks payed Christie’s to evaluate Berardo collection, then at the that time it was a shocking 1.3 billion euros (1.5 billion dollars). In 2022 they asked them to make a new evaluation, and now it was at 1.8 billion euros (over 2 billion dollars). Berardo was really clever when deciding which artworks to buy, and in his contemporary collection you have Pablo Picasso, Francis Bacon, Salvador Dalí, Piet Mondrian, Jackson Pollock, Andy Warhol, Kazimir Malevich, Marcel Duchamp, René Magritte, Jean-Michel Basquiat and so on…
Amazing collection as you said, but there’s an ongoing complicated legal battle between Berardo, the Foundation, the Banks, the State and the Berardo Collection Museum where the paintings are on loan.
The best artist Francis Bacon!!
Nice 💯🤙
I have a painting from one of his teachers.. Marcel Poncet. 45 it's a real gem , took me 3 years to figure it out, it's for sale lady's n gentleman
Nice, what painting is it?
@@artpatico well idk..what the name is ...idk do I get to name it? It's a 5 1/2 x 7 1/2 inch Water Color ..of scenic landscape it leads to a tree . .that has a tree house with a figure in the open window...there is also a few other characters masterfully hidden throughout....I'm about 99% there from a movie/ musical.1939...the greatest musical ever ..Oz ...I have yet to decifer the Swiss cursive on the back..but it's definitely a Marcel Poncet.. dated with a 45 the year the war ended ...I'd honestly be impressed if a art appraisal would even see what I found...cuz this is just one of those things that ain't Ina book ..
Ahhhh Greed, Avarice, and Megalomania of the Art World ! I think I enjoy my modest Art Collection of 300 works more than their thousands of overpriced blue Chip and investment-grade Art because that is what they have mostly $$$$ A investment commodity.
Thanks for your feedback 🙏🏻
BUT THEY DONT HAVE A NEYE!
💯👍🏻
@5:14...Does this guy really have 7 fingers and the longest wrist structure in history, or is this a plop and drop pic... ART LOL
Spotted it 💯 👏
👺IF any of you 15 watching
First artist with a new color medium on Canvas
ME
First in the world to paint with my face onto Canvas
ME
First to Price by Time
Me
Only 200 works with 54 Sold out of 200
got soup?
👏👏👏
I'm a professional artist mostly People and pets & most expensive art is crap 😡
Thanks for that 😅
I chopped wood and didn't become a billionaire.
museum makan 😂
😄
The voice over is unbearable... impossible to watch.
Which is it, Dealers or Collectors?
Well, which is it, genius: the biggest art dealers or the biggest collectors? It's not like there's a difference or anything.
Could be a dealer, a collector or an investor..all three could be the same person.