Leslie Rankow Fine Arts

INTERNATIONAL ART ADVISORY SERVICE

A history of rich, scholarly and history-making exhibitions at Cheim and Read with Director Maria Bueno

Al Held
Black & White Paintings
Cheim & Read

CURATING AN EXHIBITION IS AN ART FORM IN AND OF ITSELF. THE CONCERNS ARE BOTH AESTHETIC AND PRACTICAL. A CURATOR HAS AN IDEA FOR AN EXHIBITION AND THEN STARTS TO EXPLORE THE ARTWORKS THAT WOULD BE THE FIRST CHOICES TO BEST ILLUSTRATE THE THEME. FROM A PRACTICAL POINT OF VIEW, IT IS LABOR-INTENSIVE IN TERMS OF CONVINCING THE LENDERS, BORROWING THE WORKS, EXECUTING THE LOAN AGREEMENTS, CHECKING THE CONDITION OF THE WORKS, TRANSPORTING THEM, THE INSURANCE, AND SO ON. FROM AN AESTHETIC PERSPECTIVE, THERE ARE WORKS THAT ARE ESSENTIAL CENTERPIECES OF THE EXHIBITION AND CURATORS MUST PLAN, A LONG TIME IN ADVANCE, TO ACQUIRE THEM FOR EXHIBITION.

Serpentine Pavilion

ONE OF THE MOST BRILLIANT MUSEUM CURATORS IS SUPERSTAR HANS ULRICH OBRIST, CURATOR OF THE UNIQUE SERPENTINE GALLERY IN LONDON,  WHO CONTRIBUTED THIS ARTICLE ON THE ART OF CURATION TO THE GUARDIAN IN MARCH 2014.

https://www.theguardian.com/artanddesign/2014/mar/23/hans-ulrich-obrist-art-curator

IT’S WORTH THINKING ABOUT THE ETYMOLOGY OF CURATING. IT COMES FROM THE LATIN WORD CURARE, MEANING TO TAKE CARE. IN ROMAN TIMES, IT MEANT TO TAKE CARE OF THE BATH HOUSES. IN MEDIEVAL TIMES, IT DESIGNATED THE PRIEST WHO CARED FOR SOULS. LATER, IN THE 18TH CENTURY, IT MEANT LOOKING AFTER COLLECTIONS OF ART AND ARTIFACTS.

THERE’S A HANGOVER OF ALL THOSE THINGS IN MODERN CURATING. WHEN I CURATED MY FIRST EXHIBITION – WHICH FOLLOWED DISCUSSIONS WITH THE ARTISTS PETER FISCHLI AND DAVID WEISS,  RICHARD WENTWORTH, CHRISTIAN BOLTANSKI AND HANS PETER FELDMANN,  IN THE KITCHEN OF MY APARTMENT IN ST. GALLEN, SWITZERLAND – I HAD A PRODUCTIVE MISUNDERSTANDING WITH MY PARENTS. THEY THOUGHT I WAS GOING INTO MEDICINE BECAUSE CURATING MEANS CARING. I DON’T THINK THEY THOUGHT IT WAS TO DO WITH ART.

TODAY, CURATING AS A PROFESSION MEANS AT LEAST FOUR THINGS. IT MEANS TO PRESERVE, IN THE SENSE OF SAFEGUARDING THE HERITAGE OF ART. IT MEANS TO BE THE SELECTOR OF NEW WORK. IT MEANS TO CONNECT TO ART HISTORY. AND IT MEANS DISPLAYING OR ARRANGING THE WORK. BUT IT’S MORE THAN THAT. BEFORE 1800, FEW PEOPLE WENT TO EXHIBITIONS. NOW HUNDREDS OF MILLIONS OF PEOPLE VISIT THEM EVERY YEAR. IT’S A MASS MEDIUM AND A RITUAL. 

IN THE GALLERY WORLD, CHEIM & READ IS KNOWN FOR ITS EXCEPTIONAL GALLERY EXHIBITIONS.

https://www.cheimread.com/

IN TODAY’S LRFA BLOG, GALLERY DIRECTOR MARIA BUENO, WILL SHARE A VERY SMALL SLICE OF THE GALLERY’S VERY RICH AND EXTENSIVE EXHIBITION HISTORY.

MARIA, WELCOME BACK!

Jack Pierson
Installation View
Cheim & Read

 

MANY OF THE ARTISTS THE GALLERY REPRESENTS HAVE BEEN WITH THE GALLERY SINCE ITS INAUGURATION IN 1997.  WHO ARE SOME OF THE ARTISTS THAT FALL IN THAT CATEGORY?

Lynda Benglis, Louise Bourgeois, Adam Fuss, Bill Jensen, Jonathan Lasker, Jack Pierson, and Juan Usle.

Lynda Benglis
Installation View
Cheim & Read

WHAT ARE SOME OF THE CRITERIA FOR CONSIDERING AN ARTIST’S REPRESENTATION? ARE THEIR SPECIFIC STEPS, AS IN TESTING THE WATERS WITH GROUP EXPOSURE, OR DOES IT DIFFER IN EACH INSTANCE?

It differs in each instance, but the most important component of considering representing an artist is that the artist’s work fits within John Cheim’s curatorial vision and also complements the artists whom we already work with – context is extremely important to us and it is important all of our artists’ work can have a meaningful dialogue when shown together. 

Jean-Michel Basquiat In Word Only Cheim & Read

WITH A TWENTY YEAR HISTORY, THIS BECOMES AN IMPOSSIBLE QUESTION BUT WHAT WOULD YOU CONSIDER SOME OF THE MOST OUTSTANDING SOLO EXHIBITIONS?

Impossible question, indeed! Some that come to mind are IN WORD ONLY by Jean Michel Basquiat, Joan Mitchell FRÉMICOURT PAINTINGS, Louise Bourgeois SUSPENSION, and Al Held’s BLACK AND WHITE PAINTINGS.

N.B. To coincide with two major retrospective exhibitions of Basquiat’s work at the Brooklyn Museum, New York and the Museo d’Arte Moderna, in Lugano, Switzerland, in 2005, Cheim & Read presented an exceptional exhibit entitled “In Word Only” that focused on the paintings, drawings and notebooks that celebrated the use of the written word and its significance.  This exhibition was the first to exclusively feature Basquiat’s unique and significant use of language.

The Female Gaze: Women Look At Women
Cheim & Read, 2009

WHAT DO YOU CONSIDER SOME OF THE MOST OUTSTANDING GROUP EXHIBITIONS?

The Female Gaze: Women Look At Women and its counterpart , The Female Gaze: Women Look at Men, Soutine and Modern Art: The New Landscape, The New Still Life and I Am As You Will Be: The Skeleton In Art.

N.B. THESE ARE JUST A VERY FEW EXAMPLES OF THE SCHOLARSHIP AND INTELLECTUAL RIGOR THAT CHEIM & READ HAS INVESTED IN A TWENTY YEAR PERIOD WHEN CURATING WORKS FOR AN EXHIBITION. THE EXHIBITS ARE ACCOMPANIED BY BEAUTIFULLY CONCEIVED CATALOGUES THAT INCLUDE AN ESSAY ON THE EXHIBITION AND IMAGES OF THE WORKS.

The Female Gaze: Women Look At Women
Cheim & Read 2009

THE FEMALE GAZE: WOMEN LOOK AT MEN

A prescient two part exhibition on the female form as seen through the eyes of women artists and men artists took place in September 2009 at Cheim and Read.

With
 this
 premise, 
the 
show  
sought
 to
 present
 a
 collection 
of 
works
 which
 reclaim
ed the
 traditional
 domination
 of
 the
 “male
 gaze”
 and
 reorient
ed the
 significance 
of
 the 
female
 figure 
to
 allow 
for
 more
 varied
 interpretations. A variety of mediums was included- sculpture, photography, video, painting and installation- and a rich and diverse group of women artists represented including Vanessa Beecroft, Lynda Benglis, Ellen Gallagher, Nan Golden, Roni Horn, and Joan Mitchell, to name a few. 

Wendy
Steiner, 
in 
her
 essay
 “Venus 
in 
Exile:
The
Rejection 
of
 Beauty in
Twentieth-Century
 Art”
 elaborates 
further:

The 
‘self’
 judging
 the 
beauty
 of 
art,
 for 
example,
 is 
a
 perceiver
 and
 hence 
a 
conscious
 subject,
 whereas 
the
‘ Other’ 
is
 merely
 the 
object
 of 
this 
perception. 
If
 the 
Other 
is 
an
artwork, 
it
 is 
inanimate
 by 
definition;
 many 
people 
would
 argue 
that 
the
 perception
 of
 a
 woman 
(or 
man 
or
 child)
 as
 beautiful
 reduces
 her 
to 
the 
status 
of 
a
 thing 
as
 well.
Indeed,
 in 
the
 perennial
 symbolism
 surrounding
 beauty,
 the 
perceiver 
(the
 self)
 is
 active 
and
 ‘hence’
 male,
 and 
the 
artwork
 or
 woman 
(the
Other)
 is
 passive
 ( to-be-seen )
 and 
‘therefore’ 
female.

This
 exhibition 
attempts 
to 
debunk
 the
 notion
 of 
the
 male 
gaze 
by
 providing 
a
 group
 of
 works 
in 
which 
the
 artist 
and
 subject
 do
 not
 relate
  as
“voyeur”
and
“object,”
 but
 as
woman
 and 
woman.
 It
 would 
be 
interesting 
to
 ask 
the 
question
 how
 we
 would 
feel
 about
  the 
works 
in
 the
 exhibition 
if
 we
 were
 told
  they 
were
 made
 by 
a
 man.

Soutine and Modern Art: The New Landscape, The New Still Life
Cheim & Read

DO YOU INVITE GUEST CURATORS OR DOES THE THEMATIC IDEA FOR AN EXHIBIT REST WITH HOWARD AND/OR JOHN OR WITH THE GALLERY STAFF AS A GROUP?

The majority of our exhibitions are conceived and curated by John Cheim but on occasion we do invite artists like Jack Pierson to curate exhibitions. We have also had independent curators like Raphael Rubinstein curate exhibitions such REINVENTING ABSTRACTION which focused on New York abstraction in the 1980s as practiced by a generation of painters born between 1939 and 1949.

IN OUR NEXT LRFA BLOG POST, MARIA GIVES HER ASTUTE PERSPECTIVE ON THE PLACE OF ART FAIRS IN THE CURRENT MARKET.

UNTIL THEN!

The artist/gallerist relationship at Cheim & Read with director Maria Bueno

CHEIM & READ
23 East 67th Street

CHEIM & READ GALLERY HAS ALWAYS BEEN PRESCIENT ABOUT THE FUTURE OF THE ART MARKET. IN 2018, AT A PANEL AT ART BASEL MIAMI BEACH, CO-FOUNDER HOWARD READ,  AT “THE FUTURE OF THE ARTIST AND GALLERIST RELATIONSHIP” DISCUSSION, ANNOUNCED THE GALLERY’S PLANS TO OPEN ON THE UPPER EAST SIDE, AND LEADING THE WAY TOWARDS A NEW MODEL OF GALLERIES THAT IS MORE PROGRESSIVE. WHILE CONTINUING TO DEAL ON THE PRIMARY MARKET, WORKING DIRECTLY WITH ARTISTS IN RELATIONSHIPS THAT CHEIM & READ HAS LOVINGLY CULTIVATED OVER THE YEARS, THE GALLERY WILL CREATE  A MORE FLEXIBLE INFRASTRUCTURE, FOCUSING ON THE SECONDARY MARKET, COMMISSIONS, AND TARGETED ART FAIRS.

Art Basel Miami Beach
Conversations 2018
Howard Read

http://www.artnews.com/2018/12/07/dealer-howard-read-announces-new-art-commissions-farewell-castelli-model-business/

MARIA BUENO, DIRECTOR AT CHEIM & READ, CELEBRATES HER 10TH ANNIVERSARY AT THE GALLERY AND SHARES WITH THE LRFA BLOG THE GALLERY’S ENORMOUS RESPECT FOR ITS ARTISTS, AND SENSITIVITY TO THE ARTIST/GALLERIST RELATIONSHIP.

MARIA, WELCOME BACK AND THANK YOU FOR YOUR CONTRIBUTION TO THE LRFA BLOG.

WHAT WERE THE SUBSEQUENT STEPS THAT LED YOU TO CHEIM AND READ?

I graduated college, moved to Europe for a year (and worked for a gallery in Barcelona), and then came back and worked for Phillips in their contemporary art department. I started there as an administrator, then a junior specialist, and although I enjoyed the educational component of learning about new artists as well as the evening sales adrenaline rush, I missed the connection to working directly with artists. I kept in touch with Cheim & Read and when the timing was finally right, joined them in 2010.

Al Held
The Yellow X

HOW LONG HAVE YOU BEEN WITH THE GALLERY AND WHAT IS ITS BUSINESS STRUCTURE?

Next year will be my 10th year anniversary with Cheim & Read. It has been an honor and a privilege to work with John Cheim and Howard Read. They encouraged me to find my own identity and style as a dealer, supported projects or initiatives I thought would be beneficial to the gallery, and entrusted me to form my own relationships with the artists they so carefully cultivated over their careers.

For over two decades, Cheim & Read represented over twenty artists and estates and most of our focus was building and supporting these artists on the primary market. We also had a strong presence in the secondary market with artists with whom we had an interest or particular expertise. In June of 2018, we announced that we would be relocating from Chelsea to a more intimate gallery on the Upper East Side and shifting our business model to one that is more nimble, flexible, and in line with John Cheim and Howard Read’s interest in pursuing projects and working with artists they are truly passionate about.

Serge Poliakoff
Bleu Rouge
1951

DO YOU HAVE WORKING RELATIONSHIPS WITH SPECIFIC ARTISTS OR IS YOUR FOCUS PRIMARILY IN THE SALE OF WORKS FOR ALL THE ARTISTS THE GALLERY REPRESENTS?

We have a very organic approach to working with artists – there is no such thing as an “artist’s liaison” at Cheim & Read. John and Howard have their longstanding relationships with our artists and I support their efforts by developing my own relationships so that we can best service the needs of the artists on an individual basis. It has a family-like quality that I think is rare for galleries in the present day and has served us well throughout the gallery’s history.

Milton Resnick
Board Painting
courtesy of Cheim & Read

WHAT ARE THE WAYS IN WHICH A GALLERY BEST REPRESENTS AN ESTATE? IS THE EMPHASIS ON PLACING WORKS IN COLLECTIONS OR MUSEUMS OR IN ARRANGING MUSEUM EXHIBITIONS ON AN INTERNATIONAL BASIS?

Our strategy is to first mount exhibitions of important but perhaps overlooked periods in an artist’s career. The goal here is to expose curators, collectors, and the general public to a body of work that perhaps has not been seen in many years or has not been explored in further depth.

Notable examples of this are Al Held’s Alphabet Paintings (2013), Hans Hartung’s late paintings (2010), the work of Serge Poliakoff (2016), and the Board paintings of Milton Resnick (2018). These exhibitions are accompanied by scholarly publications with writing from curators or critics that helps to reframe this work a contemporary context. These efforts usually begin important conversations with museums to acquire works for their collection and/or mount their own presentation of the artist. We also establish more in depth strategies with each estate to feature works at art fair presentations or other exhibition or project opportunities, undertake outreach efforts to institutions and foundations to feature and/or acquire works, create and/or help organize an estate’s archive, and much more.

Hans Hartung
The Last Paintings 1989
Cheim & Read exhibition

IN OUR NEXT LRFA BLOG WITH MARIA BUENO, DIRECTOR OF CHEIM & READ, WE WILL EXPLORE JUST A LITTLE OF THE GALLERY’S VERY RICH HISTORY.

VISIT CHEIM & READ’S NEW UPTOWN SPACE, AT 23 EAST 67TH STREET, AND ITS EXUBERANT INAUGURAL EXHIBITION CELEBRATING THE WORK OF RON GORCHOV.

https://www.cheimread.com/

 

Cheim & Read, launching its new gallery space, with Director Maria Bueno

Maria Bueno
Director
Cheim & Read

CHEIM & READ ENJOYS A LONG AND RESPECTED HISTORY IN THE GALLERY WORLD. IT WAS FOUNDED IN 1997 BY JOHN CHEIM AND HOWARD READ, PREVIOUSLY DIRECTORS AT THE LEGENDARY ROBERT MILLER GALLERY. SINCE ITS INCEPTION, THE GALLERY HAS REPRESENTED A DISTINGUISHED ROSTER OF CONTEMPORARY ARTISTS AND ARTISTS’ ESTATES, EMBRACING A VARIETY OF ARTISTIC PRACTICES, INCLUDING PAINTING AND SCULPTURE, PHOTOGRAPHY AND VIDEO. IN JUNE 2018, THE GALLERY ANNOUNCED ITS DECISION TO TRANSITION TO A MORE PRIVATE ARENA, REPRESENTING ARTISTS WITH WHOM THEY HAVE HAD A LONG ASSOCIATION AS WELL AS CONCENTRATING ON THE SECONDARY MARKET, SCULPTURE COMMISSIONS AND SPECIAL PROJECTS.

IT IS WITH GREAT PLEASURE THAT THE LRFA BLOG INTRODUCES MARIA BUENO, PARTNER AND DIRECTOR OF CHEIM & READ, TO SHARE ITS DISTINGUISHED HISTORY AND  EXCITING FUTURE WITH US.

ON SEPTEMBER 26th, CHEIM & READ WILL INAUGURATE ITS NEW GALLERY SPACE AT 23 EAST 67th STREET ON THE UPPER EAST SIDE WHILE MAINTAINING A DOWNTOWN VIEWING SPACE IN CHELSEA ON 26th STREET.

https://www.cheimread.com/

 

Ron Gorchov
Logic
1982-1983

THE GALLERY WILL OPEN WITH A PRESENTATION OF RON GORCHOV’S PAINTINGS FROM 1979 TO 1983. AS EARLY AS 1967, GORCHOV DEVELOPED PAINTINGS WITH CURVED SURFACES, A PRACTICE THAT PLACED HIS WORK AT A CRUCIAL INTERSECTION BETWEEN PAINTING AND SCULPTURE. THE WORKS THAT WILL LAUNCH CHEIM & READ’S NEW SPACE ARE EMBLEMATIC OF A PERIOD IN CONTEMPORARY ART  WHEN THE RELEVANCE OF PAINTING WAS BEING QUESTIONED. THESE ARE LANDMARK WORKS THAT INFLUENCED THE GENERATION OF ARTISTS THAT FOLLOWED AND A BRILLIANT CHOICE FOR THE OPENING AS THE EXHIBITION REPRESENTS THE  KIND OF HISTORICALLY SIGNIFICANT WORK THAT CHARACTERIZES CHEIM & READ’S TWENTY YEAR COMMITMENT TO REPRESENTING IMPORTANT AND HIGHLY INFLUENTIAL MODERN AND CONTEMPORARY ARTISTS.

Ron Gorchov
Installation

MARIA, WELCOME!  THANK YOU FOR TAKING TIME DURING WHAT MUST HAVE BEEN AN EXTREMELY INTENSIVE SUMMER TO CONTRIBUTE TO THE LRFA BLOG.

HAVE YOU ALWAYS BEEN INTERESTED IN ART? WERE YOUR PARENTS COLLECTORS OR DID YOU THINK ABOUT BEING AN ARTIST YOURSELF?

I like to think I was interested in art from a young age. My parents were in medicine and somewhat removed from the art world but we traveled often and my mother made it a point to visit museums in every city we visited. I remember being astonished as a child at the vast quantity of objects at the Met in New York, spending hours engrossed in American paintings at the National Gallery in DC, and then particularly enthralled on my first trip to Rome as a teenager. I felt a very strong personal connection to this city’s incredible history through its artistic heritage and at that moment knew I wanted to be involved in art in whatever way I could. I dabbled in making art as a student but felt passionately about supporting artists in their endeavors and felt I could make a more meaningful impact in this way.

Jennie Holzer
Guggenheim Bilbao

WHAT STEPS DID YOU TAKE ACADEMICALLY TO FURTHER YOUR INTEREST IN THE FIELD OF ART?

As a matter of practicality, I studied at the Stern School of Business at NYU but was fortunate to have an advisor there who supported my interest in art. I was able to take as many art history classes as I had time for. Through Stern, I was also a researcher for Michael Moses who founded the Mei Moses Price Index (now owned by Sotheby’s). This was an important introduction to the art market and helped me to learn about the market and trends in a very specialized way.  I also  studied abroad in Madrid and Florence and took mostly art history and language courses there – one especially enthralling class was Masterpieces of the Prado where the class was held in different parts of the museum to look at and discuss artists like Goya and Picasso, who of course have highly influenced the contemporary artistic canon. 

Louise Bourgeois
Couple
Song Art Museum, Beijing

WHAT IS YOUR PROFESSIONAL HISTORY?  YOUR FIRST JOB IN THE ART WORLD?

At that time, I learned that without some kind of personal connection, it is hard to break into the art world unless you want to work for free – thankfully, this is starting to change now. I was eager to work anywhere that would have me and landed a job at a now defunct but important American paintings gallery called Alexander Gallery which was on Madison Avenue just across the street from what is now the Met Breuer. Alexander Acevedo was a larger than life persona with incredible taste and I would often stumble upon unexpected objects like Picasso drawings in his storage room – I was floored by these kind of discoveries and wanted to absorb everything I could about running a gallery. I also interned for Marian Goodman in the archive department, worked for a corporate art advisor, an artist on the Lower East Side, a Tribeca print dealer, and most importantly in my junior and senior year of college, Cheim & Read.

Sean Scully
Wadsworth Atheneum

WHAT A WONDERFUL RANGE OF EXPERIENCE YOU CULLEd FROM WORKING WITH SUCH DISTINGUISHED GALLERIES AND A BROAD KNOWLEDGE OF ART SPANNING BOTH AMERICAN AND EUROPEAN MODERN AND CONTEMPORARY ART.

IN OUR NEXT LRFA BLOG POST, MARIA WILL INFORM US ABOUT THE  FURTHER STEPS THAT LED HER TO HER CAREER AT CHEIM & READ, WHERE SHE IS NOW DIRECTOR OF THE GALLERY.

PLEASE JOIN US!

 

 

Jennifer Brown, respected friend and expert on Diversity and Inclusion, is offering a six week on-line course

To Friends, Colleagues and Followers,

You are probably already aware that there is a growing need for businesses and personnel to pay attention to diversity and inclusion.

Diversity and inclusion has real impact to the bottom line of your business.

Organizations that lead in diversity and inclusion have:
22% lower turnover rates

27% higher profitability

22% greater productivity

39% higher customer satisfaction

I’d like to introduce you to my friend and esteemed colleague, Jennifer Brown. Jennifer Brown is an award-winning entrepreneur, speaker, diversity and inclusion consultant, and author. She is the successful founder, president, and CEO of Jennifer Brown Consulting and bestselling author of Inclusion: Diversity, The New Workplace and The Will to Change and her new book, How To Be An Inclusive Leader: Your Role in Creating Cultures of Belonging Where Everyone Can Thrive.

Jennifer Brown Consulting has made it their mission to help companies create a culture of belonging in which everyone can thrive. This means having an acute attention to diversity and inclusion at all levels of every business. It requires us to be in the know. The time is now to expand this knowledge base.

DEI Foundations is a 6-week introductory course that aims to provide those who want to integrate Diversity, Equity, and Inclusion (DEI) into their own professional roles with the tools to do so.

Upon completing this course you will be able to:

  • Describe what it means to be a great DEI Practitioner
  • Build your DEI knowledge and acumen
  • Leverage the power of your unique DEI story – and we all have one!
  • Explain the value of building a culture of inclusion in your organization
  • Begin to develop skills to communicate the business case for building and supporting an effective DEI program

 

The first step is to click here to learn more about DEI Foundations. The next course session begins October 1, 2019.  Enter the Coupon code INCLUSION345 to get $100 off to the course when you enroll.  As an extra incentive, I am donating my compensation for each individual who signs up using my coupon number to STRONGER FOR LIFE, the documentary on Ilaria Montagnani, founder of Powerstrike, international athlete and breast cancer survivor.

I am a huge believer in the importance of DEI and feel it is important to expose you to this important global initiative. Whether you are a corporate manager, independent coach, or interested in beginning the journey to become a professional DEI practitioner, you can expect to come away with a robust set of tools that can be integrated into your duties and goals.

You won’t want to miss this opportunity to join the October 1st cohort.

Best,

Leslie

P.S. Click here to watch Jennifer’s Ted Talk, Finding Your Voice in the Workplace, or click here for a 30 minute introductory course to Diversity and Inclusion.

 

The importance of the new technology in the art market as analyzed in the Bank of America Private Bank survey

THE DIGITAL REVOLUTION HAS DRASTICALLY AFFECTED MANY INDUSTRIES, CHANGING THE WAY WE COMMUNICATE, ACQUIRE AND SELL PRODUCT. ONE OF THE INDUSTRIES THAT HAS, SURPRISINGLY, BEEN IMPACTED LESS THAN ONE WOULD THINK, GIVEN ITS BASICALLY VISUAl NATURE, IS THE ART MARKET AS SEEN IN THE RECENT PIERCINGLY INFORMATIVE AND COMPREHENSIVE BANK OF AMERICA PRIVATE BANK REPORT.

  • ART AND TECHNOLOGY
  • The art market remains one of the few industries still largely undisrupted by technology. We’re seeing innovation, but it’s still at the fringes. While online transactions are increasing, the growth of online sales has slowed, growing at 9.8% in 2018 versus 12% in 2017.
  • Internet-native art companies are trying to help. In June, private equity firm Cove Hill made an investment in online marketplace LiveAuctioneers, aiming to accelerate online sales growth for their auction house partners, while Invaluable has made it easier to source and buy lower value items. Major galleries like Gagosian and David Zwirner launched digital sales channels, but the digital revolution still eludes the art world.
  • On the transparency front, Christie’s became the first major auction house to record sales via Blockchain with the sale of the Ebsworth collection in November. At the request of the seller, Christie’s partnered with Blockchain-secured registry Artory to record its transactions. It’s an interesting development, but we’re a long way from Blockchain becoming industry standard.
  • The most significant art world technology has been the rise of Instagram. Artists market themselves, museums announce exhibits, dealers initiate sales, and collectors tout their purchases through the platform. In 2017, when the “Untitled” Basquiat sold at Sotheby’s for over $110 million, Yusaku Maezawa posted his photo on Instagram to let the world know of his acquisition. Younger collectors, artists, dealers and auction specialists are increasingly using Instagram to enhance their personal and professional brands. Expect the new status loop to fuel a herd mentality for some artists and more price volatility. So collector beware.

 

  • AS AN ASIDE, ARTISTS ARE CREATING WORKS THAT REPRODUCE EFFECTIVELY ON INSTAGRAM IN TERMS OF COLOR, DIMENSIONALITY AND SURFACE WITH THEIR AESTHETIC PRESENCE IN PERSON SOMETIMES TAKING A BACK SEAT.

 

  • ART LENDING

    Our art lending business grew by 20% year-over-year, as you all continue to unlock capital from your art to build hotels, buy sports franchises, expand companies and even buy more art, just to name a few. The four most common situations we’re seeing are:

    1. The balance sheet arbitrage: With historically low interest rates, more of you are unlocking capital from your art to redeploy into higher-return areas of your financial life, like private equity.

    2. Working capital line: During the current economic expansion, more of you are using art loans to fund the growth of your privately held companies.

    3. Monetizing a collection: The passage of the 2017 Tax Cuts and Jobs Act eliminated the 1031 Like-Kind Exchange, making it more expensive to sell art. Instead of selling art and dealing with paying the 28% federal tax + 3% health care surtax + state taxes + sales commission, many of you have chosen to leverage your art via an art line to generate liquidity.

    4. Guarantees: We’re seeing more of you using art facilities to back guarantees at auction (but we advise caution).

    We estimate that total U.S. art loan commitments stand at $16 billion. We’re proud to have a significant portion of those loans, and we remain staunchly committed to the space. Given our forecast of continued low interest rates, stratified wealth creation, and expansion of the collector base, we expect continued growth in the space.

    Top five artists we lend against, by value:

    1. Willem de Kooning

    2. Andy Warhol
    3. Constantin Brancusi

    4. Paul Cezanne

    5. Roy Lichtenstein

    AT THE CLOSE OF THE SURVEY, BANK OF AMERICA PRIVATE BANK TARGETS THE OPPORTUNITY ZONES AND THE EFFECT OF CAPITAL GAINS TAX INCREASES AND THE REPEAL OF THE SECTION 1031 LIKE-KIND EXCHANGES PROVISION. THIS IS INVALUABLE INFORMATION FOR ANY ONE INTERESTED IN THE ART MARKET: DEALERS, GALLERISTS, AUCTION SPECIALISTS, AND MOST OF ALL COLLECTORS.

    PLEASE JOIN US!

     

A comprehensive report on the current art market from the Art Lending Services division at U.S. Trust

U.S. TRUST, AS DO MANY OF THE MOST HIGHLY REGARDED BANKING AND FINANCIAL ADVISORY INSTITUTIONS, OFFERS EXTENSIVE ART SERVICES. AS ART IS NOW CONSIDERED TO BE AN ALTERNATIVE INVESTMENT, AND NOT SIMPLY AN AESTHETIC PLEASURE, BANKING HAS ENTERED VERY FORCEFULLY IN THE COMPETITION TO PROVIDE ART LENDING SERVICES TO HELP BOTH COLLECTORS AND INSTITUTIONS HELP NAVIGATE THE COMPLEX ART WORLD.

RECENTLY U.S. TRUST, THE PRIVATE BANKING ARM OF BANK OF AMERICA,  PUBLISHED AN EXTREMELY COMPREHENSIVE ANALYSIS ON THE STATE OF THE CURRENT ART MARKET. IN A TIME OF TURMOIL AND CHANGE, GENERAL REEVALUATION AND A GLOBAL SHIFT IN THE ART MARKET, IT IS PARTICULARLY RELEVANT AND THE LRFA BLOG IS PLEASED TO SHARE IT WITH YOU. WE ARE DELIGHTED, AS WELL, TO REPORT THAT DANA PRUSSIAN, VICE PRESIDENT AT U.S. TRUST ART LENDING SERVICES, WILL BE CONTRIBUTING TO THE LRFA BLOG IN THE MONTHS AHEAD.

PART ONE

“We feel that you should not buy art purely as an investment. Buy it for love, desire, legacy, culture, pleasure, addiction,

status, and community.”

Art Services Market Update

At Bank of America Private Bank, we maintain a sharp focus on the art market and on the collectors, dealers, auctions specialists and institutions that make it function. We work closely with many of you across four pillars: art lending, art planning, consignment services and institutional arts endowment management. This update features our observations on the current state of the art market from a business perspective.

The Market

  • Current low interest rates, solid equity markets and more stratified wealth creation worldwide continues to drive capital toward art. The maturation and globalization of the art market has expanded the collector base and transformed the art market from a niche lifestyle into a $60 billion global industry.1 Still, overall art market growth in terms of total art sales has stalled since 2012, even as the S&P 500has currently more than doubled since that time.
  • If the Federal Reserve (Fed) continues its dovish policy, we expect collectors’ continued allocation of capital to art. When interest rates fall, the opportunity cost of holding non-interest-bearing assets like art goes down. The art market is driven by sentiment, so the greatest risk we see is a geopolitical event that impedes the global flow of capital and credit prompting collectors to pause.

• We anticipate that financial returns for contemporary art will be lower in the next decade than some may expect. The market has absorbed a lot of art since the turn of the century. An exceedingly large percentage of those works may be worth close to zero in a generation or so. And because we’re in a more mature and efficient art market, there may be fewer upside surprises than in decades past. We feel that you should not buy art purely as an investment. Buy it for your passion, enjoyment, legacy, culture, status or community.

The Auctions

• During the New York Spring Auctions, the market absorbed over $2 billion of art at Christie’s, Sotheby’s and Phillips, handily above the $1.6 billion pre-sale estimate. It was the first auction season defined by large estates of postwar
and contemporary art. Eye-catching results such as the $91 million Koons “Rabbit”, the $110 million Monet “Haystack” and the rapidly growing market for KAWS belie a more modest 5.1% annualized return2 achieved for repeat sales during the season. Given the recent performance of London auctions and the lack of clarity around a Brexit deal, New York will continue to be the premiere sale site for high-end postwar and contemporary art for the foreseeable future. Fresh-to- market works, typical of the artist’s oeuvre, in good condition, with strong provenance, continue to perform strongest at auction. Works by female and black artists also continue their rise.

• You likely saw that in June, Sotheby’s accepted a $3.7 billion buyout offer from French media entrepreneur Patrick Drahi. Interestingly, Bonhams was also bought out earlier this year. Going private will allow Sotheby’s more flexibility to compete for top lots, which will benefit major collectors, and will provide time and space to evolve its business model, which, like Christie’s, is challenged. Competition for top pictures has become a race-to-the-bottom: China isn’t the growth engine everyone hoped it would be, and online sales have yet to deliver meaningful scale or margin expansion. With business margins at around 10% for the industry, auction houses are officially on the hunt for new revenue streams.

• Look for the auction houses to continue to expand into art advisory, financial services, brand licensing and even investment research as they look beyond their supply-constrained auction business. As a collector, you may see better terms when consigning top works at auction, but expect higher commissions for lower- value works. Buyer premiums will continue to expand at all levels. Finally, get ready for more convenience. Virtual reality will change how you view upcoming sales, and artificial intelligence will soon be sending you an endless array of Netflix-style lot recommendations across all categories based on what you’ve perused across the internet.

Salthaus, on top of the wellness mountain, with co-founder Amber Berger

HEALTH REFERS TO THE ABSENCE OF ILLNESS. WELLNESS REFERS TO NOT JUST PHYSICAL HEALTH BUT EMOTIONAL AND SPIRITUAL . IMPROVING YOUR ‘HEALTH AND WELLNESS’ GENERALLY REFERS TO PROMOTING GOOD HEALTH AND REDUCING RISK OF DISEASE WITH A HOLISTIC APPROACH WHICH TAKES INTO ACCOUNT MANY FACTORS INCLUDING PHYSICAL AND EMOTIONAL ISSUES. IN AMERICA TODAY, TO COUNTERACT THE EFFECTS OF A 24/7 LIFE AND WORK STYLE, AN OVERLY OBSESSIVE PREOCCUPATION WITH KEEPING UP WITH SOCIAL MEDIA AND THE INHERENT RESPONSIBILITIES OF A CAREER, FAMILY AND SOCIAL OBLIGATIONS, THERE ARE A HUGE AMOUNT OF PROGRAMS TO ADDRESS THESE ISSUES THAT INCLUDE YOGA, MEDITATION, TREATMENTS AND MASSAGE, TO NAME JUST A FEW.

A RELATIVE NEWCOMER TO NEW YORK IS HALOTHERAPY, AN INNOVATIVE BUT ANCIENT CONCEPT OF THE BENEFITS OF INHALING SALT.  IMPECCABLE IN DESIGN, AND VERY MUCH A HANDS-ON OPERATION, SALTHAUS IS AN EXCEPTIONAL WAY TO RENEW ONE’S BODY AND SPIRIT TO GO OUT AND CONQUER THE WORLD.

TODAY, WE ARE DELIGHTED TO HAVE AMBER BERGER, CO-FOUNDER OF SALTHAUS, HERE TO DISCUSS HER PLANS FOR PROVIDING HALOTHERAPY TO ADULTS AND CHILDREN NOW AND IN THE FUTURE. THE LRFA BLOG HAS NO DOUBT SHE WILL SUCCEED IN HER MISSION.

https://www.salthausny.com/

 

WHAT ARE SOME OF THE BENEFITS OF HALOTHERAPY?

The benefits of Halotherapy are profound which include:

reduces stress and anxiety

strengthens immunity

relieves skin conditions

regulates sleep

boosts athletic recovery

Halotherapy benefits adults and children alike as well as athletes and animals. It is a 100% natural treatment and is very beneficial for overall wellness by removing the toxicity from the respiratory system, improving the function and appearance of the skin and boosting the immune system. For general respiratory hygiene, once or twice a week sessions will enhance the lung capacity, boost the immune system, reduce stress and aid in better sleep.

YOU HAVE AN IMPRESSIVE TRACK RECORD ALREADY IN MARKETING AND BRANDING SALTHAUS?  WHAT ARE SOME OF YOUR ACHIEVEMENTS SO FAR?

You are too kind. I am learning as I go! Market awareness is our greatest challenge since we are solely relying on Instagram and word of mouth. It is amazing to watch how the word starts to spread. We want to help people feel their best through the power of salt and once you come, it is an experience not to forget. Our bodies are craving tranquility now more than ever and the salt allows you to relax and detox as never before.  We have wins every day when people come in off the street curious about Halotherapy.

WHAT ARE YOUR GOALS?

Our goal is to be where you live, where you work and where you travel. I hope you will see Salthaus and immediate think of it as your  weekly happy place to feel your best.

WHAT DO YOU HOPE TO TEACH YOUR CHILDREN ABOUT HEALTH AND WELLNESS?

I firmly believe in leading by example. I hope that my kids take away from me that you are in charge of your health and that it does not always come naturally. The best things in life take work and it could not be more true when it coms to your health. Health is #1 and should always be your top priority. Adding self-care practices into your daily routine is a great place to start. Start with baby steps and then one day you turn around and see how far you have come.

BEYOND AN ECONOMIC SUCCESS AND EXPANSION, WHAT DO YOU HOPE SALTHAUS WILL PROVIDE OTHERS WHO SHARE IN YOUR PASSION FOR NATURAL PRODUCTS AND WELLNESS?

I hope that Salthaus will be shift people’s view of taking care of themselves. Salthaus is making wellness fun and playful,  weaving it into your daily lifestyle. We aim to empower people to take charge of their health and connect to their body’s needs rather than outsourcing it and opting for medication when it may not be the necessary first step. Salthaus allows you to engage in efficient wellness where you can do two things at the same time like a yoga class or a meeting so you don’t have to sacrifice wellness in order to get it into your day.

AMBER, THANK YOU SO MUCH! THE LRFA BLOG WANTS TO ENCOURAGE EVERYONE IN NEW YORK TO TRY HALOTHERAPY AT SALTHAUS. PRESENTLY IN NEW YORK ON THE UPPER EAST SIDE, AND SOON EVERYWHERE!

SALTHAUS     1220 LEXINGTON AVENUE (between 82nd and 83rd Street, 2A, Telephone (646) 692-8286

IN OUR NEXT LRFA BLOG POST,  WE PLAN TO PRESENT AN OUTSTANDING CURRENT SURVEY OF THE CONTEMPORARY ART MARKET, COURTESY OF U.S. TRUST, A FIRM THAT TAKES A COMPREHENSIVE APPROACH TO WEALTH MANAGEMENT, ESTATE PLANNING  AND PHILANTHROPY FOR EVERY GENERATION AND OFFERS AN INNOVATIVE AND FAR-REACHING ART LENDING SERVICE PROGRAM.

PLEASE, KEEP READING!

Salthaus, an ancient therapy in a modern format, with co-founder Amber Berger

Stefanie and Amber
Co-Founders Salthaus

THE CALMING AND DETOXIFYING EFFECTS OF HALOTHERAPY CAN SUPPORT THE IMMUNE, NERVOUS AND LYMPHATIC SYSTEMS. ADDITIONAL BENEFITS ARE REDUCED STRESS AND HEADACHES, INCREASED ENERGY, AND BETTER SLEEP PATTERNS. SALT IONS PURIFY THE AIR AND MAY INCREASE LUNG CAPACITY AND REDUCE PHYSICAL AILMENTS FOR ADULTS, CHILDREN AND ATHLETES. TREATMENTS ARE RECOMMENDED TO HELP KEEP THE BODY HEALTHY DURING FLU OR ALLERGY SEASONS.

an excerpt from an article by Steven Novella on June 13, 2018

INTRODUCED TO THE LRFA BLOG BY AMBER BERGER, HALOTHERAPY HAS BEEN IN EXISTENCE SINCE ANCIENT GREEK TIMES BUT WAS A COMPLETELY NEW WELLNESS CONCEPT TO ME UNTIL AMBER OPENED AN IMPECCABLY SMART, INVITING AND BEAUTIFULLY CONCEIVED SPACE CALLED SALTHAUS ON LEXINGTON AVENUE BETWEEN 81 & 82 STREET, HOPEFULLY, THE FIRST OF MANY. IT WAS INSTANTLY POPULAR WITH ADULTS AS WELL AS CHILDREN, A GATHERING PLACE FOR FRIENDS AND FAMILY, ONE OF THE SALT ROOMS DESIGNED AS A WONDERFUL PLAY ROOM TO FURTHER ONE OF AMBER’S STRONGEST GOALS, THE WELL-BEING OF HER CHILDREN AND ALL CHILDREN, TEACHING THEM SELF-CARE AND WELLNESS FROM AN EARLY AGE. AMBER AND HER BUSINESS PARTNER, STEFANIE,  CONTINUALLY ORGANIZE SPECIAL EVENTS AT SALTHAUS TO KEEP THEIR CLIENT BASE COMING BACK FOR MORE – MEDITATION CLASSES IN THE HALOTHERAPY ROOMS, SOUND HEALING, TAROT, MASSAGE, JUST TO NAME A FEW.

SALTHAUS
1220 Lexington Avenue
New York City

AN ENTERPRENEURIAL SPIRIT ALWAYS ACCEPTS AND WELCOMES A NEW CHALLENGE. THE LRFA BLOG IS HONORED TO HAVE AMBER SHARE HERS WITH US.

AMBER, WHAT WAS YOUR FIRST BUSINESS VENTURE AND WHERE DID IT LEAD?

I first launched a jewelry business called 27 Facets with a friend when I was 26 while working as a buyer for Henri Bendel. We created the business while both working full time jobs and after 6 months, left our jobs to take on the business full time.  This later led me to consulting for a start-up called Hautelook.com (which later sold to Nordstroms) where I ended up working for three years while launching a jewelry concierge concept called Astarr on the side.

Salthaus
Sound healing

WHAT PROMPTED YOUR SHIFT FROM JEWELRY CONSULTANT TO CO-FOUNDER OF SALTHAUS?

I started my jewelry business to help people get the most for their budget on special occasion gifts from engagements to birthdays. I loved creating special moments for my clients while offering transparency on pricing so I could source the perfect gem for each client. With the industry shifting to instagram/you tube channels I was not interested in taking the business to the next level in order to stay relevant. I am always up for a challenge and wanted to break out to try something new that led me to create Salthaus. 

Meditation and Halotherapy at Salthaus

HOW DID YOU MAKE A DECISION TO OPEN SALTHAUS?

Wellness has been a part of my lifestyle since I was 15. I did not realize how much valuable information I inherently knew until I became a mother and I started to become the go-to person on what to take naturally when trying to recover from a cold etc. The jewelry industry was changing and was no longer inspiring to me so I knew I needed a change. I wanted to shift my focus to the other part of me which was holistic and all about wellness. I was trying out everything in the wellness market, which led me to Halotherapy. The benefits were profound and there were limited resources available to receive the 100% natural treatment. I saw an opportunity to modernize the treatment and bring greater awareness to this incredible treatment, which mimics the microclimate of natural salt caves that exist in eastern Europe.

Salthaus entrance
1220 Lexington Avenue, NYC

 

HOW DID YOU FIND OUT ABOUT SALT ROOMS INITIALLY?

I had been hearing about Halotherapy from friends in Florida. I happened to be visiting family with my husband who had a winter cough that would not go away. It was perfect timing to try out this treatment and after one session, his cough cleared. We were both taken aback and it was a light bulb moment for me that this was something special and more people needed to know about it. In the months that followed, the social wellness concept started to pour out of me.

Halotherapy Room
Salthaus

WHAT IS THE HISTORY OF SALT THERAPY ALSO REFERRED TO AS HALOTHERAPY?

The use of salt as a health remedy has been around since the Greeks, when Hippocrates recommended salt inhalation as a respiratory treatment. In 1843, Polish physician Felix Boczkowski discovered that men working in the salt mines at Wieliczka suffered fewer respiratory problems than the general population. As the workers were mining the salt, micro-sized salt particles were being disbursed into the air. Additionally there were ideal conditions below the Earth’s surface where air pressure and circulation, and humidity and temperature affected the quality of the environment. In this environment, miners were receiving many natural health benefits by breathing in the salt particles. Considering that mining jobs were usually recognized as dangerous to life and health, salt miners seemed to thrive on good health. They rarely had any respiratory issues and also looked younger due to great skin appearance.

In 1964 the world’s first facility of its kind, the underground “Kinga” Allergy Treatment Spa, was created in the “Wieliczka” Salt Mine in Poland, focused on helping people with mostly respiratory conditions as well as exploring other overall health benefits proven to be successful and spreading to neighboring salt mines and caves in Europe as well as to former Soviet Union states. In 1968, the first speleo-hospital was opened in the Solotvyno salt mine in Ukraine.

Salthaus

Having the attention from the medical community, the need for more convenient access became a necessity, in order to conduct specific studies and do more specific research. In 1985 in Odessa, Russia, the Institute of Balneology, in collaboration with the salt cavers from Uzhgorod, developed the first Halotherapy device. This was a device that was replicating the grinding and crushing of salt that would disperse the particles into the air. One could say that Halotherapy was “born” in the medical environment, in former Soviet Union. After the fall of the Soviet Union in 1991, the knowledge of the halotechnology and established Halotherapy protocols became accessible to the rest of the world. Soon Halotherapy claimed its place in more commercial and wellness settings outside of the USSR in Eastern and Western Europe, Canada, Australia and finally the United States.

Get Salty
Salthaus

IN OUR NEXT LRFA POST, WE WILL LEARN AMBER’S PLANS FOR  SALTHAUS. PLEASE BE SURE TO JOIN US.

Amber Berger, the profile of a young collector

AMBER BERGER, CO-FOUNDER OF SALTHAUS, AND HER HUSBAND CAME TO NEW YORK TO ENJOY THE ENERGY AND OPPORTUNITY THAT THE CITY CAN OFFER. ONE OF ITS GREAT DELIGHTS IS THE WEALTH OF ART THAT IS AVAILABLE TO VIEW AND TO ENJOY, ON EVERY LEVEL, FROM MASTERPIECES IN OUR NUMEROUS MUSEUMS TO ART FAIRS AND STREET FAIRS, ESTABLISHED GALLERIES AND EMERGING ONES.  THE LRFA BLOG IS ALWAYS INTERESTED IN UNDERSTANDING WHAT AND WHY PEOPLE COLLECT AND AMBER HAS OFFERED TO SHARE HER PERSPECTIVE AND POINT OF VIEW IN TODAY’S LRFA BLOG.

AMBER, WELCOME BACK!

WHEN DID YOU FIRST DEVELOP AN INTEREST IN ART? DID YOU VISIT MUSEUMS AND/OR GALLERIES GROWING UP, WITH YOUR PARENTS? WERE THEY COLLECTORS?

My mother is a fine artist so art has been a big part of my life since I was young. I grew up biking with her around the neighborhood and watching her paint nature scenes. We always went to museums in our own city as well as any city we visited.  I loved learning about the different techniques and have always admired oil on canvas, the texture just speaks to me.

Daniel Dens

WHAT PROMPTED YOUR FIRST PURCHASE AND WHAT WAS IT?

My husband and I bought an apartment together before we got married which began our personal interest in art. Living in the NYC there are so many incredible galleries, museums and art fairs to attend that helped us get a sense of what style we liked. Walking on the city streets, street art was our first love.  My husband could not get this one artist out of his mind that he saw in Soho on the street years ago so when we were ready to purchase art for our apartment we tracked him down, named Daniel Dens, and went to his loft in Williamsburg. It was a memorable experience going through rolls of art in his studio until we found the perfect one. It was a blue painting of Bridget Bardot with bright yellow writing on top that said “Merci beau-coup, Ciao I’ll call you later.”

WHO ARE THE OTHER ARTISTS YOU COLLECT?

Craig Allen, Julien Vos Andres, Jonas Sunset, Jonathan Robles, Curtis Kulig, Tanc, Bob Taber, Ole Aakjaer

Craig Allen

HOW IMPORTANT IS THE POTENTIAL INVESTMENT VALUE OF A WORK TO YOU AND YOUR HUSBAND?

We mainly go with our intuition, interested in pieces that move us and evoke a sense of emotion. Of course, we check with friends who are our advisors to make sure we are not making a poor investment but as young collectors we are not as concerned about the potential investment if it made us feel something.

HOW WOULD YOU CHARACTERIZE THE STYLE OR GENRE OF WORK THAT YOU HAVE ACQUIRED SO FAR AND WHAT DIRECTION ARE YOUR PURCHASES TAKING?

We love emerging artists usually in modern art and landscape photography. We have been into street art since the beginning and it has been amazing to watch how much that market has exploded over the last 10+ years.

Tanc

DO YOU AND YOUR HUSBAND AGREE ON YOUR PURCHASES? DO YOU NEED TO OR IS IT COLLECTING DRIVEN BY ONE OF YOU MORE THAN ANOTHER?

My husband and I luckily have very similar tastes so it has not been an issue to date. He actually has a great eye for art and we bounce ideas off each other all the time. We never set out to purchase art, it usually just happens when we come across a piece we want to bring into our home.

HOW DO YOU FEEL THAT YOUR KNOWLEDGE AND LOVE OF THE CRAFT OF JEWELRY HAS INFLUENCED YOUR TASTE IN ART?

Both industries involve craftsmanship so I truly treasure the fine details and understand that even when something may appear easy and simple, it is usually just the opposite.

WHO ARE SOME OF THE ESTABLISHED ARTISTS THAT YOU PARTICULARLY ADMIRE AND WISH YOU COULD COLLECT?

I love color so Jackson Pollack always brightens my day and butterflies are symbolic for my family so I have a natural soft spot for Damien Hirst. As for more recent artist I have been watching RETNA for years and still kick myself for not purchasing it years ago when he first came on the scene.

Curtis Kulig

DO YOU INTEND TO CONCENTRATE ON EMERGING ARTISTS AND HAVE THE FUN OF SEEING WHICH OF THE ARTISTS YOU’VE PICKED BECOME ESTABLISHED?

Yes I think that is my passion. We love watching people rise into stars so tracking the artists we have purchased or admire and watching where they land is a thrill.

THE THRILL OF THE CHASE AND OF THE HUNT AND THE REWARD OF HAVING A GOOD EYE ARE INTEGRAL TO THE HEART AND MIND OF EVERY COLLECTOR WITH WHOM I SPEAK. IT IS GREAT THAT YOU AND YOUR HUSBAND HAVE THIS SHARED PASSION AND CAN EXPLORE THE ART MARKET, GALLERIES AND MUSEUMS BOTH HERE IN NEW YORK AND WHEN YOU TRAVEL.

IN OUR NEXT LRFA BLOG POST, THE LRFA BLOG WILL FEATURE SALTHAUS, THE REMARKABLE HALOTHERAPY CENTER THAT AMBER FOUNDED JUST OVER A YEAR AGO. IT IS AN OASIS OF WELL-BEING AND THOUGHTFULLY DESIGNED, IMPECCABLY DETAILED AND AN UNEXPECTEDLY WONDERFUL EXPERIENCE. I WENT WHEN IT OPENED JUST AS A SIGN OF SUPPORT AND I WAS ASTONISHED AT HOW EFFECTIVE IT IS AND HOW RELAXING AND SEDUCTIVE AN EXPERIENCE!

https://www.salthausny.com/

UNTIL THEN!

 

Introducing Amber Berger, founder of Salthaus, wife, mom, entrepreneur, collector

Amber Berger,
Entrepreneur, wife, mom,
contemporary collector

AMBER BERGER IS A YOUNG UPPER EAST SIDE WIFE, MOTHER AND BUSINESS ENTREPRENEUR. SHE AND HER HUSBAND ASKED FOR GUIDANCE A FEW YEARS AGO WHEN THEY DECIDED TO START TO COLLECT EMERGING ARTISTS AND I RECOMMENDED A GOOD FRIEND AND EX-GAGOSIAN DIRECTOR, CHARLIE MANZO. SHE LAUNCHED HER FIRST BUSINESS AS A FINE JEWELRY CONSULTANT WHEN SHE CAME TO NEW YORK AND HER CURRENT BUSINESS  LAST YEAR, A GEM OF A SPACE CALLED SALTHAUS, A MODERN SALT ROOM ON LEXINGTON AVENUE AT 83RDSTREET, THAT REFLECTS HER INNOVATIVE SPIRIT AND COMMITMENT TO WELLNESS FOR EVERYONE OF ANY AGE.

https://www.salthausny.com/

THE LRFA BLOG HAS LONG ADMIRED AMBER’S TASTE, HER WARM AND APPROACHABLE NATURE, HER DEDICATION AND DELIGHT IN HER YOUNG CHILDREN AND HER MARKETING AND BRANDING SKILLS. TO DATE, SALTHAUS HAS RECEIVED A VERY HEALTHY AMOUNT OF PRESS, PODCAST AND PRINT INTERVIEWS. AMBER  REPRESENTS THE PROFILE OF AN INDEPENDENT AND CONTEMPORARY ENTREPRENEUR AND COLLECTOR WHO BALANCES HER PROFESSIONAL LIFE WITH A DEEP ENGAGEMENT WITH HER FAMILY AND FRIENDS.

THE LRFA BLOG IS PLEASED THAT SHE HAS AGREED TO CONTRIBUTE HER PERSPECTIVE. AMBER, WELCOME. YOU HAVE SO MUCH TO JUGGLE. I AM VERY PLEASED YOU HAVE AGREED TO TAKE THE TIME TO CONTRIBUTE TO THE LRFA BLOG.

 

WHAT IS YOUR PERSONAL BACKGROUND? WHERE DID YOU GROW UP AND WHAT WERE YOUR PRIORITIES AT THAT TIME?

I grew up in Miami Beach, Florida and always lived a very active lifestyle. I get my energy from my parents who have always been avid tennis players. I feel my best when being physically active from swimming to biking to dance and was a competitive dancer as a child. I was diagnosed with Crohn’s Disease at 15 which turned out to be the biggest blessing in my life.  While managing a disease as a child was definitely challenging, it taught me to be resilient and not give up. I took a non-traditional approach to wellness, going all-natural against doctors orders, and healed myself through the power of food. It was transformational for me and my families, learning about the power of food along with self-care practices. There are so many people in our lives we have helped thanks to the education we gained due to my illness.

Astarr Jewelry Concierge

WHERE DID YOU ATTEND SCHOOL AND WHAT DID YOU MAJOR IN?

I attended the University of Florida, majored in Finance with a minor in Economics.

WHAT WERE YOUR FIRST PROFESSIONAL INTERESTS AND EMPLOYMENT?

I grew up in a family jewelry business called Mayer’s. They manufactured high and low end fine jewelry so jewelry was definitely my first love when it came to work. I worked on all sides of the business from design to sales and was always interested in creating something and then selling it to retailers.

WHEN DID YOU MOVE TO NEW YORK AND WHY?

I moved to NYC right after college, as I was enamored with city living.  New York’s energy and work ethic was palpable to me since I was young and I could not wait to live it.

AMBER’S FIRST COMPANY WAS FEATURED IN 2011 IN A POST BY TARYNTHEWIFE THAT DESCRIBES THE THOUGHTFUL AND ALL-INCLUSIVE SERVICE AMBER HAS ALWAYS PROVIDED HER CLIENTELE IN EACH OF HER COMPANIES.

ASTARR JEWELRY CONCIERGE

AMBER BERGER, FOUNDER

For any busy wife who runs a household or holds down a career and a household could certainly use the services of Astarr to make your life easier.  Astarr is executive jewelry concierge service… Think of them as personal shoppers, they can provide you with the utmost service, personalized selection and unmatched value. Astarr can satisfy each client’s desire from bespoke jewels to engagement rings, wedding bands, designer watches, and other exquisite gifts for Bridal Parties, Anniversary, and Push Presents. No request is too demanding, as their goal is to leave no wish unfulfilled.

Conveniences:

  • Customize ‐ Fine Jewelry, Designer Watches and Costume Jewelry
  • Bespoke ‐ Bridal Salon
  • Monetize ‐ Fine Jewelry & Watch Resale
  • Refresh ‐ Jewelry & Watch Repair
  • Borrow ‐ Jewels on Loan Program
  • Value ‐ Discrete Appraisals
  • Package ‐ Complimentary Gift Wrapping

As a full service personal Jeweler, Astarr  aims to exceed every customers’ expectations when it comes to some of life’s most memorable moments captured by the gifting of jewelry. With unique style, invaluable experience and an impeccable reputation, take comfort in trusting the AStarr team to handle everything. The Husband should also add Astarr to his rolodex for special occasions! 

PLEASE JOIN US IN THE NEXT LRFA BLOG POST TO SEE AMBER’S PROFESSIONAL AND PERSONAL PRESENCE IN NEW YORK, ABSOLUTELY CAPTURING THE WORK ETHIC AND ENERGY THAT CHARACTERIZE THIS CITY!