Can You Go Wrong With Blue-Chip Artists?
Looking at recent record figures from the sales of Contemporary Art in New York, the answer seems to be: no. The price surge from the already impressive results of 2012 gives art collectors worldwide the welcome reassurance that investing in Art’s big names is a secure path to follow.
Works by heavy weight names like Andy Warhol, Jean-Michel Basquiat and Roy Lichtenstein are still able to pull millions of pounds – with prices inflating by tenths of millions before changing hands after just one year.
While current trends such as American Abstract Expressionism performed impressively well this year, Pop Art is still one of the most popular currents. A major Warhol retrospective at the Hong Kong Museum of Art closed in March, after drawing more than 250,000 visitors. Predictably, non-living artists like Lichtenstein and Warhol are battling for the throne with ever inflating multi-million figures, but for those already looking ahead the artists to keep on the radar are surely the ones who are still alive like Robert Indiana – whose massive retrospective exhibition (“Robert Indiana: Beyond Love”) is opening at the Whitney Museum in New York on September the 26th.
The author of the LOVE iconic paintings and sculptures will also be honoured with an exhibition (“The Essential Robert Indiana”) at the Indianapolis Museum of Art opening on the 16th of February 2014.
Get ready for some serious Robert Indiana madness!
On the other side of the world – at the extremely successful (more than 60,000 visitors!) Hong Kong Base Art Fair, a recent artwork by Takashi Murakami (“Pom & Me: On the Red Mound of the Dead”) was sold for a reported sum of $400,000. The prolific Japanese master, dubbed the ‘modern day Andy Warhol’ for his similar work ethic and practices to his legendary mentor, never ceases to fascinate art lovers worldwide.
As of 2013, Blue-Chip artists’ power seems to be unstoppable.
Walton Street Journal – An Art Investment Feature by Walton Fine Arts London