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MAB Ventures Inc.-An Arts & Entertainment Agency, 1335 Pemberton Avenue, North Vancouver BC
It’s the hype that can be troublesome while dealing with pieces of art. Treat each art piece as an asset and nothing more. It’s an investment, and a subjective opinion shouldn’t be coming into play just like it wouldn’t with any other form of investment.
Art appreciation is something that can lead one down the wrong path and make it hard to produce the returns hoped for financially. Investors can start to assume they’re dealing with a great piece but it will not lead to quality gains. This is why it is essential to focus on what works rather than what may work. A lot of this occurs when an investor begins to bet on a future artist that may become popular or well-received down the road. This is never the right way to go and is inherently risky.
If you invest in art you need to remember it is similar to investing in venture capitalism. The idea is to look at the core details and how the art is produced. You don’t want to think about going with too many start-ups as the market may leave them in tatters.
Subjectivity is going to matter when it comes to collections because there is a personalized interpretation involved with artwork. This can make it seem like art cannot be deemed as an asset nor can it be viewed as something to add to one’s portfolio of investments.
However, there is a way to determine the market value of an art piece. The best way to get started is by speaking to a proven art advisor with years of expertise in dictating sales figures based on previous entries. It could be something sold at an auction or at an art gallery. These related sales can offer insight.
Another avenue is to start dissecting what the artist may have sold in the past. This information is ideal for setting a price point and knowing what one is working with. For example, an artist renowned for his/her work will receive awards or fellowships, and this can be a sign of good things to come. It can even be the academic position they may have held in the field of art because that indicates the potential value of the asset itself.
Resale value is the wrong way to look at an art piece. This only applies to the biggest of names in the world of art. You have to focus on this as a long-term asset and one that is going to act as a collectible (according to the IRS), and you will be taxed nearly 28% on all gains. This is a part of the expense you are going to pay on a sale, which means you are not going to net as much as you think you will.
This is why you have to think about the returns coming in and how they will play out in the long-term. You want to think about the non-financial advantages before anything else. The financial gain is nice, but that is a real bonus. If you keep it as an investment, you need to go to a proper art advisor to get a gist of what you’re working with.
If you are getting a collection, you need to think of it as a set of pieces rather than a complete sum of artwork. It is all about looking at the quality of the collection based on each piece and then assessing its value in general.
The artwork is often seen being listed in estates after valuation begins post-death. This is why a proper estate plan is an excellent strategic move. This is something you have to factor in as you are dealing with it as an asset. Will it be sold? Will it be transferred to your children/grandchildren?
This is a significant investment, but you have to think about it with a good understanding of your cash flows, additional assets, and other collections in hand. This is how you will be able to get more out of this asset.
You should always look to benefit from the art market but do it the right way, so you get more out of it.
Tomorrow we invite you all to our Christmas Fair at 4015 Fraser Street in Vancouver, BC.
Over 50 participating Artisans, vendors, and designers who are selling a variety of goods and services! Art, fashion, jewellery, home decor, knitting, make up, skin care, health and wellness, desserts, and so much more! Finish all your shopping, support local and even enjoy lunch with us! Best part is that we invite all ages and it’s free to attend! We have 100 swag bags for the first 100 people too-great items inside include essential oil from SPOIL YOURSELF, Art by Elizabeth Hill, a copy of Fresh Magazine, one free art class at MAB Art Studio & Boutique Gallery and an It Works drink sample to keep you healthy!
Learn more on our Facebook event page Here.
Our event auction, Christmas earrings and coffee sales are supporting two causes. The first is to help fund our new creative arts and wellness centre opening in North Vancouver in the Spring. The second is to support a member of our Art World community with cancer. Please be sure to buy a coffee, bid on items in the auction and purchase a pair of these earrings by Monika Colmorgen for $7! if you can’t make it and you’d like a pair of these earrings, please email us at email@example.com or call 6049996177.
By Monika Blichar
I always love meeting new artists and sharing them in our network. This time, I catch up with Lindsay who has a daring sense of adventure in her art and life!
Lindsay graduated from San Diego State University with a degree in Television Film and New Media then proceeded to get her MAED at University of Phoenix. Lindsay is from the Hollywood area where she worked at DreamWorks as well as other film companies and eventually took on her own clients. Some clients include Marriott, US Hanger Company, Hilton, San Diego Rescue Mission, Pussers and many more!
“My work is shows the compliments of coastal living and the carefree lifestyle of surfing. I like to do work with passion that shows the beauty of the sport of surfing becoming one with nature. I like to show how creative nature’s beauty can be. I live outside of the DC area and was born and raised in southern California which I am constantly coming back to. I create ocean art, accessories and jewelry. www.BlueFusionSurfArt.com Paradise Found is a favorite spot in Kauai.”
By Monika Blichar
When it comes to daydreaming and thinking up creative ideas, most artists can say that deep down, that’s all they ever really want to do. Being an artist is often like being a pirate and a gypsy; searching for that golden idea while striving to keep it secret until it is time to unveil.
I caught up with Paula Godden owner and designer at The Pirate and the Gypsy and asked her to give us a few insights into her world of wonder.
1-A lot of your inspiration to create a company came from your travels as a young girl. Do you have a favourite place that you have visited?
Jerusalem, a place so rich in history and culture. As a young girl, I was wide eyed with wonder walking through the streets of the old city, visiting historic churches and sites, places I had heard about in stories and later read about in books. The lush greenery of the Mount of Olives, the beautiful beaches, floating on the Dead Sea, touching the spot where the Star of Bethlehem landed when it fell from the sky. The market places were always so filled with color and the hustle of merchants with their beautiful art work and jewelry. It was magical, like fantasy had come to life, especially after watching movies like Indiana Jones which romanticized the Middle East with all its natural treasures and mysteries. My imagination ran wild and it was at that time my writings and drawings really began to develop.
2-Is anyone else in your family creative?
Yes, I have a lot of creative family members but the person that stands out the most for me is my Father, he was an amazing artist. I remember when I was little I would watch him, I was mesmerized by his drawings. I would constantly be bugging him to draw things for me and then as I got older he was the one I would go to when I wasn’t sure on how to draw something. He really helped me develop and hone my artistic skills.
3-Your work is made from many natural materials and stones. What is your favourite material to work with?
I love working with all metals and stones but if I had to choose one of each I would have to say that copper and Larimar are my favourites. Some think of copper as a “poor man’s” metal, a dirty metal, but its not. Copper is such a wonderful easy metal to work with and has amazing healing and conductive properties. It has the ability enhance the properties of all other metals and stones that are in contact with it. Copper also has such a rich, vibrant colour it reminds me of the sun setting on the water; those deep reddy orange hues shimmering on the waves of the ocean. Turquoise is usually the favourite for natural blue stones, but Larimar has my heart. It reminds me of horizon where the ocean meets the sky, blue seas and white pillowy clouds. As you can probably tell I have my head in the clouds and my heart at the ocean.
4-What’s the most memorable design you have created?
I’d have to choose the custom engagement/wedding ring remake I recently did. Working with a customer to bring their vision, their story to life was an amazing experience for me. This was definitely a challenging piece for me to do. I took on the project not just because of the story behind it, but for the opportunity to push my boundaries of creativity and increase my skill level. This customer hadn’t worn her wedding ring set for 15 years, saying the setting was too high and that it would get caught on things and scratch her children when carrying them. She gave me her vision and trusted me to take it and put my own creative twist on it and after 15 years she is now able to wear the expression of love and her family on her finger once again. The joy I experienced when I saw her face as she put her new ring on for the first time was overwhelming and I was even more moved but the testimonial she posted on my website. The process I went through on this custom piece brought my skill set to a whole new level and confirmed my love for the process of discovery, design and creation, this is why I hand pick all of my materials. My husband and I believe that in every piece of wood, glass, metal and stone there is a story and it is our joy to translate that story into the unique piece of art it becomes.
5-Where would you like to see your business and collection be in 5 years?
I see my husband and I doing this full time. The Pirate & The Gypsy will have moved out of our home studio into a small local store front in New Westminster on Front Street with personal studio space for the two of us. Our online store will have expanded and flourished, going from a largely local audience to more expanded national audience. I see us growing and evolving. As the business grows so will our skills and possibly our creative direction. The Pirate & The Gypsy has grown so much in the past year with the addition of my husband’s woodworking and stained glass art. I am blessed to have him with me along for the ride, to be able to share our ideas, methods, and dreams for the future. I see some stained glass pendant collaborations in the future and maybe even some wood and metal pieces. In 5 years we will still be sailing the seas of our imaginations and creating form the heart. We want to create a culture where people come to us from all over the world when they want unique custom designed pieces that tell a story or that celebrate their life and their journey.
6-Will you have any specials for Art World Expo attendees this year?
I have a few surprises up my sleeve for Expo attendees. I will be debuting a new limited edition collection at a special Art World Expo pricing. We will be giving away a complementary gift to the first 25 customers who visit our booth and while they are there they can enter our draw to win one of our necklaces.
For more information, be sure to visit The Pirate & The Gypsy Facebook Page
Creativebloch (www.creativebloch.com) is pleased to announce our first issue of CREATIVEBLOCH MAGAZINE! The magazine will be released as part of our Fall Group Art Show, ECLECTRICITY. The first edition will include 17 amazing NYC artists, and will be available to order after October 6 exclusively though our website.
The artists will also be featured in our gallery show, which opens October 6, from 6-9 PM in DUMBO. Come celebrate the show and the magazine!
Learn more at the CREATIVEBLOCH WEBSITE
by Monika Blichar
Wroclaw is known as “the meeting place”. With its picturesque architecture, many coffee shops and restaurants as well as attractions to visit, any artist will find an array of inspiration. The city is full of people, art, history and culture!
Photos: City Square called the Rynek, Botanical Gardens, and a painting from 1864.
Our trip here this year is part of Painting Dreams International Art Tours. Each year, a group of artists joins us for a two week tour of a selected area overseas. This year, we chose to take the tour to Wroclaw as it is the European Culture Capital for 2016 with stop overs in Amsterdam and Warsaw. We arrived late on Saturday night and since arrival, have enjoyed visiting attractions such as the Rynek, museums, and art galleries. The city is quite busy this year and we are finding that many people speak English well. Our travellers are able to get around easily on the trolley system and our apartment is located minutes from the downtown core. So far, some of our highlights have been visiting the National Museum, the Botanical Gardens, and the Panorama.
Though our group is small this year, we have made time to create works and are anticipating cooler weather in order to be able to paint plein air! The weather has been unusually hot for the area this year, but we have been able to create a few pieces over the last few days! Sketching has been ideal to get some ideas down on paper and our canvas pads and travel kits have been a great way to create pieces that are easily transportable and that can be made anywhere.
Sketch by Monika “Polish Princess” as well as two acrylic paintings. Inspirations for these pieces have been the city’s 300 some odd gnomes and Polish scenes, insects and architecture. Works in progress.
Kathryn has been working steadily on her bird piece. Colours are coming along and she has been working from the workbook provided to tour members. “You’re Going to Make It-A Creativity Workbook to Help You Make Your Best Art” by tour operator and art instructor Monika Blichar. You can order your own copy of the workbook EBOOK HERE
If you are interested in travelling with Painting Dreams International Art Tours, please register for our next information session on August 28 held at our studio and gallery in North Vancouver, BC. If you are out of the area, we will be streaming the meeting so you will be able to be present virtually. Please register PAINTING DREAMS IN SPAIN 2017
by Monika Blichar
One of the best parts of our operations is being able to travel with Painting Dreams International Art Tours. On top of our annual exhibition, studio classes and programs, we love summer because each year, we are able to go to artsy hotspots and explore with other creatives! We love hosting and coordinating these trips for art lovers and adventurers
From all the places I have travelled over the years, Amsterdam easily has the friendliest locals who not only smile and say good morning when they are whizzing past you on their bikes, but who are keen to help you have a great time here! If you haven’t yet, be sure to follow our page on Painting Dreams on Facebook! On Saturday, we will be heading off to Wroclaw to enjoy the European Culture Capital for 2016. Until then, be sure to connect with us as we explore the sights and attractions in Amsterdam!
When people think of Vancouver, most think of mountains, trees, ocean and, high priced real estate! If you aren’t from here, you probably won’t hear much about the huge pool of talent that lies within our city bounds unless you are a savvy collector or art buff. One of the amazing thing that we get to do each year is feature amazing artists, designers and musicians. Among some in this year’s show include Nancy Perreault, an eclectic and wild designer who is humbly making waves in the city and beyond. Guests can expect a range of designs that range from ready to wear to a glamorous party to wild, one a kind pieces perfect for glass cases on walls. Another highlight each year is the emtertainment. Among some of the great performers, Art World features some 20-30 performers each year including musicians, dancers, jugglers, hula hoppers, actors and of course musicians. Some of the artists performing this year include Gayle Arnold’s two person band The Strangest Days, as well as Kara Lockwood Music. In the past, we’ve highlighted local musicians including first time performers like Mat Walach to veteran rockers Bif Naked and Doug Fury. We pride ourselves in sharing local talent in all stages of their careers. Another highlight of the show is our auction. Not only do the proceeds help support arts based initiatives such as arts programs for kids and adults, funds are also used to produce art exhibitions and support artists in the event. Guests can expect to bid on everything from hotel packages and BC activities and adventures to art from artists in our show and beyond! This year, we are giving away two tickets each week when you repost this image and hashtag #artworldexpo! Body paint by Jess Hawkins. Line up! Gary Weston 2014. Glamour Noir theme this year. Consider purchasing a mask this year by Coastal Storm Gallery. $20/ea or included in a VIP ticket.