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Art Collecting Commentary

Fine Art blog on collecting, appraisals, quality & originality. With Alex Adelman.

Archive for the ‘Alex Adelman Masterworks Fine Art’ Category

Art Market Breaking Records Going Into 2010, by Alex Adelman

Tuesday, December 1st, 2009

The fine art market has shown that it is strong enough to withstand the downturns of the current stock market, and this strength is showing very clearly in recent auction results. There has been more action in art sales in the last half of 2009 than I have seen in the past 4 or 5 years. The gains are across the board from Rembrandt to Warhol, and all over the world.

As people become less comfortable with intangible investments, such as stock market shares, we are seeing a reallocation of moneys to tangible assets, such as precious metals, gems, and fine art. As the returns continue to grow, so will the art market.

In November 2009, Sotheby’s New York estimated Andy Warhol’s “200 One Dollar Bills” at $8 million to $12 million. It sold at an impressive $43.8 million . “Bidding was very deep tonight. There is a great desire for great art - consumer behaviour has started to accelerate,” said Sotheby’s head of contemporary art Tobias Meyer.  Also in November, a metal multiple by Victor Vasarely beat out estimates by over 300%.

These recent hammer prices prove that there is a revitalized demand for beautiful art going into 2010.

UPDATE (Feb. 10, 2010): Yet again, hammer prices are soaring well over high estimates on auctions in 2010 at Sotheby’s and Christie’s. A Nazi-looted Gustav Klimt painting was estimated at $19 mil to $29 mil, and sold for $45.4 mil.

Alex Adelman, “Fine art for a fine cause”, 2003

Wednesday, November 18th, 2009

Article written the November 2003 issue of Kensington Outlook in Berkeley, California.

Art dealer Alex Adelman of Masterworks Fine Art Inc. stands by the work of artist Joan Miro
MIRO, MIRO ON THE WALL: Art dealer Alex Adelman of Masterworks Fine Art Inc. stands by the work of artist Joan Miro. Since 1998, donations of art to the Kensington Education Foundation from Adelman raised more than $45,000 for the programs at Kensington Hilltop Elementary School. This year Adelman is contributing several works including pieces by Pablo Picasso, Marc Chagall, Joan Miro, Kathé Kollwitz, Marcoantonio Raimondi, Georges Braque and James Abbott Whistler. The works will be auctioned at the Garden Party November 8 at the Unitarian Universalist Church in Kensington.

At a time when school districts are slashing their curricula, students in Kensington enjoy courses in such areas as art thanks to the likes of Pablo Picasso, Marc Chagall and Alex Adelman.

Adelman, an art dealer who runs the online Masterworks Fine Arts Inc., has donated works of art to the Kensington Education Foundation’s Garden Party auction since 1998. In four years, those donation raised more than $45,000 for the school to support art, science, computer and other programs.

Despite moving out of Kensington and not having children, Adelman continues to donate works of art to support the elementary school.

“I still have roots in the community. I still have friends in the community,” he said. “I’ve always believed the first priority in any community has to do with education.”

This year marks the twentieth anniversary of the Garden Party, an annual fundraising event that combines food, drink, live music and both a silent and live auction. For many in the community, the gala represents the social event of the year. But the Garden Party also accounts for more
than half of the Kensington Education Foundation’s annual $170,000 budget.

This year with continued pressure on finances in Sacramento as well as the budget pressures on the West Contra Costa Unified School District, foundation members say it is more important than ever to bring in money to keep the programs it funds going.

“We’re faced with more drastic cutbacks next year and we have the feeling we are going to have to pick up more programs to cover what the district can’t” said Esther Hill, president of the Kensington Education Foundation.

In addition to the fine art being offered, auction items range from a day on the Delta with science teacher Jan Lovell to a day in the life of a Tugboat donated by Ted Blanckenburg. There are also getaways including one to Ventana at Big Sur, a ride in the KGO helicopter and the private tasting of reserve wines and a cave tour for six people at the Moon Mountain Vineyard.

The Oakland-based real estate firm Grubb & Co. is underwriting part of the cost of theevent this year with a $3,500 donation.

The Garden Party will begin at 5:30 p.m. Saturday Nov. 8 at the Unitarian Universalist Church at 1 Lawson Road in Kensington. Advance tickets can be purchased for $45 each by calling Christy Wise at 558-1842 or at the door for $50 each.

January 2002: Gallery’s Sucess is Anything but Virtual

Friday, July 17th, 2009

Article written January 2002 by DECOR Magazine.

Alex Adelman’s path to being a gallery owner has been somewhat circuitous. Although he’s been a collector of fine art since he was 15, his studies led him not only to art history, and printmaking, but to anthropology and archaeology as well. Then in the late 1980’s, while working on an anthropology dissertation, he made an abrupt decision to return to the States and switch gears again back into fine art mode.

Adelman accepted a position as a salesman for a large corporate chain of galleries, eventually becoming the director of its largest location. After six years of learning — as he puts it– how to sell and not to sell artwork, he decided to strike out on his own. So in 1993, he became one of the pioneers of selling artwork online, running a virtual gallery from his home in Berkeley, California. This model has proved successful for Adelman, who still does the bulk of his transactions online…

Alex Adelman with a framed "L'Issue Derobee" by Joan Miró
Alex Adelman with framed “L’Issue Derobee”, by Joan Miró

Adelman has strong opinions on the way that fine art should be presented and sold, including a scholar’s passion for exhaustive documentation and an epicure’s taste for expensive framing. “I think of a picture frame as a window into what the artist is trying to do,” says Adelman. And because the work he offers includes signed originals that may be worth upwards of $1 million or more, high-quality experts framing seems appropriate. To that end, Adelman’s custom framer Baxter Quinn play an integral role in his business. After eight years of collaboration, Adelman says that he is very comfortable allowing Quinn to initiate framing design ideas. “By this point we dance ver well together,” says Adelman. “I sometimes ask for a wider mat or fillet, or something of that nature, but in general I have thighest regard for Baxter’s work.”

Joan Miró (1893 - 1983) was a well-known 20th century artist from Spain. Influenced early on by fauvism and cubism, Miró’s style became increasingly abstract and experimental. During his stay in France before and during the Spanish civil War in the 1930s, he became associated first with the Dada movement and later with the Surrealists.

The work shown is L’Issue Derobee, a color etching, aquatint and embossing executed by Miró in 1974. The work is signed by the artist in the lower right and numbered 32/200 in the lower left. Adelman estimates that the work might sell in the $8,500 range at other galleries, but it is his policy to assign a price that is well below retail, which encourages his clients to come back for more, and entices other dealers who may be able to sell the piece themselves at a substantial markup.

To frame the piece, Adelman and Quinn used a 3 1/1″ wide cold leaf frame with a double dutch compo pattern from Decor Molding. The fillet is a Larson-Juhl 1/2″ composition gold leaf fillet from the Vienna Collection. The fabric used in an off-white antique satin domestic 50:50 rayon/acetate blend.

Adelman has an admitted penchant for expensive, “glitzy” framing treatments for the fine art he offers. In this particular case, the opulence of the gold is a nice contrast to the simplicity of the subject matter, and the antique white fabric in now way detracts from or competes with the artwork. It seems fitting that DECOR should feature Adelman with a Miró etching, since it was the acquisition of a Miró at the tender age of 15 that began Aeelman’s life-long passion for collecting fine art.