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 get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

Tax ombud to probe Sars – yet again - after taxpayers complain

Tax ombud to probe Sars – yet again - after taxpayers complain

The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.

The businesses that boomed and went bust on Business Unusual

The businesses that boomed and went bust on Business Unusual

Predictions, products and personalities featured in "Business Unusual" in the last three years.

Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

The ANC cannot claim innocence - Mahlatsi Mahlase (Sanef)

The ANC cannot claim innocence - Mahlatsi Mahlase (Sanef)

The Money Show’s Bruce Whitfield interviews Mahlatsi Mahlase of the South African National Editors Forum (Sanef).

Solutionist Thinking: In Conversation with FirstRand's founders

Solutionist Thinking: In Conversation with FirstRand's founders

In the bonus episode of Solutionist Thinking with RMB, Bruce Whitfield speaks the founders of FirstRand, GT Ferreira, Laurie Dippenaar and Paul Harris.

Popular articles
[LISTEN] New Visa regulations could change the face of South African tourism

[LISTEN] New Visa regulations could change the face of South African tourism

Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.

How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

'Fasting is one of the most powerful tools for healing'

'Fasting is one of the most powerful tools for healing'

Nutritional Scientist and Founder of Life Science Clinic Dr Charlotte Prout-Jones chats to Azania about the benefits of fasting.

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

What Heritage Day means to South Africans

What Heritage Day means to South Africans

Stephen Grootes discusses what Heritage Day means to South Africans and whether as south Africans do we have a common heritage.