The Science Of ... , Evergreen Content

Investing in art 101 (a dummies' guide)

Pablo Picasso’s “Nude, Green Leaves and Bust,” a breakthrough 1932 painting, sold for US$106.5 million in 2010.

…the most important thing from living artists is how they manage themselves as a brand… You don’t want volatility in pricing brought on by the artists themselves…

Julie Miller, Julie Miller Investment Art Institute

What’s vital in the emerging market is timing… There are a number of artists that I’ve worked with that have more than doubled in the space of just a year… Once you’ve missed that sweet-spot, it’s going to take a lot longer to double your money…

Julie Miller, Julie Miller Investment Art Institute

Every now and again we read about the record price some or the other work of art fetched on auction.

A few weeks back, for example, the Rubens masterpieces “Portrait of a Gentleman”, with an estimated value of R8 million, went up for sale.

The 420-year-old painting was smuggled from Germany in the 1930s, and has been hanging on a wall in a house in Johannesburg since that time.

Another Rubens painting coming up for auction in July is expected to fetch R90 million.

So, what does that mean for the artwork you bought to match your couch a few years ago?

Image courtesy of Investec (via artprice.com).

The Money Show’s Bruce Whitfield interviewed Julie Miller (founder of the Julie Miller Investment Art Institute) for his weekly “The Science Of” feature.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I assist new and established investors with investing in art…

Julie Miller, Julie Miller Investment Art Institute

I’d like to say I’m impassionate, but I’m not. I love art!

Julie Miller, Julie Miller Investment Art Institute

You would decide what your time horizon and risk appetite is… then you’ll decide how much to invest in developing artists…

Julie Miller, Julie Miller Investment Art Institute

It’s a tricky art [to valuate art]… valuations come from track records… there are all sorts of methodologies… you could go to an art advisor, auction house, insurance companies that specialise in art…

Julie Miller, Julie Miller Investment Art Institute

Contemporary art is about social commentary… it’s post-modern…

Julie Miller, Julie Miller Investment Art Institute

It [the art market] is worth about $38 billion… the African market is about 0.5% of that…

Julie Miller, Julie Miller Investment Art Institute

It’s vital to know the artists… and how they manage their brands…

Julie Miller, Julie Miller Investment Art Institute

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to escape the tyranny of 'project-based revenues'

How to escape the tyranny of 'project-based revenues'

The Money Show’s Bruce Whitfield interviews small business guru Pavlo Phitidis, founder of Aurik Business Accelerator.

How this year’s Budget will affect your pocket

How this year’s Budget will affect your pocket

Warren Ingram (Galileo Capital Personal Financial Advisor) critiques this year's budget.

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

The Money Show’s Bruce Whitfield interviews Stephen van Coller, CEO at EOH Holdings.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

R8 million Rubens masterpiece found in SA after languishing on a wall since 1932

R8 million Rubens masterpiece found in SA after languishing on a wall since 1932

Smuggled out of Germany in the 1930s, then forgotten in Joburg. Bruce Whitfield interviews fine art specialist Luke Crossley.

Popular articles
[WATCH] Refentse Morake continues breaking cultural barriers through his music

[WATCH] Refentse Morake continues breaking cultural barriers through his music

The singer who says he's 'on the border of being Afrikaans and being African' joined Azania Mosaka for this week's #702Unplugged.

What happens to our bodies if we cut out sugar

What happens to our bodies if we cut out sugar

Naked Scientist Chris Smith explains.

Why did Jussie Smollet fake his own attack? Eusebius and listeners weigh in

Why did Jussie Smollet fake his own attack? Eusebius and listeners weigh in

Eusebius McKaiser facilitates a debate on whether or not American actor Jussie Smollet faked his own attack.

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

Khabazela shares tweets and Facebook posts that have gone viral.

[LISTEN] Wife of Vele Investments' Madzonga flatly denies VBS involvement

[LISTEN] Wife of Vele Investments' Madzonga flatly denies VBS involvement

Vele Investments CEO Robert Madzonga's estranged wife Khosi shares her side of the story on the VBS saga.

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

The Money Show’s Bruce Whitfield interviews Stephen van Coller, CEO at EOH Holdings.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.