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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.
How did you get involved in the chocolate business?
I got the idea from when I was visiting the Middle East where it is very popular business to decorate chocolate.
Are you an artisan or independent rep looking for a holiday event to participate in this year? Look no further and join our exciting Christmas Fair this year!
We have a limited number of tables left for vendors at our Christmas Fair on December 16! Submit your registration today here: https://theartworldexpo.com/exhibitor-information/ Questions? Call Monika Blichar 6049996177
We love to small businesses and Artisans and our Christmas Fair will be no exception to sharing the love for all things unique and local this December!
Preview products, join the convo and connect with participants on our Official Facebook Event Page!
When you attend this COMPLIMENTARY ENTRY EVENT, you’ll find:
-Over 50 vendor tables including art, jewellery, fashion, hand knit goods, make up, skin care, chocolate, baked goods, kids accessories, essential oils, dog accessories, home decor, and health and wellness products and services and much more! Everything you need in one venue to complete your holiday shopping and networking! Ask our vendors about collaborations, participating in your events or if you’re a gallery or boutique owner, come browse to see if you could work with one of our Artisans in 2018!
-First 100 people through the doors receive a complimentary goody bag! No purchase necessary! Just be one of the first 100 people at 11:00am sharp!
-Face Painting for kids and adults by award winning body painter and visual artist Francoise Boise ($10/person) She’s amazing! Don’t worry, she will do Holiday themed paints too!
-Silent Auction Benefiting Make and Break Arts Foundation-all proceeds support independent Artisans and Arts Programs and Exhibitions in BC. It’s a win win! (Huge line up of awesome stuff to bid on-great for holiday gift ideas and of course-gifts for ourselves!)
-Arts & Crafts Station for Kids-leave them at the craft station and go shop and mingle! We have you covered!
-Finally, when you’re all done, take a photo at our photo booth with visitors from the North Pole! Capture a memory and celebrate Christmas 2017 with us!
Art by Edy
Carolyn Bruce Designs – Steampunk Jewelry**FASHION SHOW**
West Coast Hatters**FASHION SHOW**
John Pfaff Art & Fashion**FASHION SHOW**
Fashion Show models sponsored by Team Fitness-Award Winning Female Body Builders from BC!
LumberJax Custom Wooden Jewelry
Inner Harmonious Peace
Kathline Essential Oils Accessories
Jennifer Haase, Mary Kay Independent Beauty Consultant
SPOIL YOURSELF, Cristina De Vellis
Jessica’s Homemade Alfajores-Baked Goods
Fifth Avenue Collection by Pardeep
Younique, Amanda Cherewick
The Sweet Doodle
Whisk Premium Matcha
Copper Paw Designs
Coastal Storm Gallery
Dagmar Doubkova Herbal Life
Scentsy Kristi Weaver
SweetLegs Vancouver with Julia
Love Eco Jewels
Spain Gourmet Canada
Radiant Life Hoops & Styles
Earth Meets Spirit
Boise Art Works-Face Painting for Kids On Site $10/each
Andrea Renée Blackett MONAT
All Day Shine by Julie SeneGence Independent Distributor # 384814
Crafts By Julia
Bryce Musil Azrael’s Forge Gems and Fine Jewelry
Taylore Mcmanne Jewellery
by Monika Blichar
I have long admired artists who push boundaries and when selecting artists to participate in our events, I always strive to reach artists who are different, fresh and new in their work. When I came across Ryan McGee’s work, I noticed something ‘je ne sais’ quoi about it. It’s dark but delightful. It’s strange and sublime. He examines life through a distorted lens. I loved it the moment I saw it and knew that we had to feature him in our Toronto event on November 17. I caught up with Ryan to ask him about his art. Enjoy!
1-When did you start making art?
I can’t pin point exactly when I started making art, for me it was something that just had to happen, I always had a need to express myself visually. When I was younger this took the form of drawing on walls and filling up sketchbooks with crude doodles. It wasn’t until my time in College that I started to really to think critically about what my art was, and what I wanted to put out into the world.
2-What inspires you to create?
I have always had a very strong interest in the weird, and this fuels me in everything I create. I pull from everything that strikes a cord with me on a personal level, and things that capture the underground culture I love. I often find myself collecting outdated horror and sci-fi comics, saving images of early surfer, and hot rod culture, and tuning in to a new band that connect with me. All of these elements get archived in somewhat of a nexus of inspiration for me to draw from.
I believe that art is extensive, and reaches just about everyone through various outlets. In my case I always wanted to create art but I never truly felt comfortable in the fine art culture, so I sought out sub art groups to get into. I think that’s the truly amazing thing about art is that there really is something out there for everyone to connect with. There will always be a steady flow of talented people who want to create, and express themselves. As long as art continues to have various outlets for these people to grow creatively then there will always be potential to change society by pushing new ideas, and concepts through their works.
4-Do you try to convey messages through your illustrations?
There is a certain charm I believe in lowbrow art, and this is something a try and capture in my pieces. I like to play with the imagination of the viewer through my strange, and sometimes-goofy pieces, I think this connects with the onlooker reminding them that art can fun. If my work has any type of message I would say it’s for people to take a step back, and not take themselves so seriously.
I would love to have really established myself at least within the Toronto art community in the coming years. My dream would be to sustain myself entirely on my art, and that is something that I am really working on accomplishing. I think it is important especially for artists to set goals set for themselves and their art, and to always be striving to grow creatively, and professionally.
6-What kinds of works will you have for sale at Art World Toronto? Will you be offering attendees any show specials?
I will have a variety of pieces available for sale at Art World Toronto from patches to stickers to prints. In terms of special offers I really value meeting, and networking with new people at these events. Chances are if you come and say hi you’ll end up with a discount on some pieces, or maybe some stickers for free.
To order tickets to the Toronto Art World Expo, please visit This Link
With the holidays coming soon, there are lots of ideas for those artsy people in your lives!
Check out this link for some ideas!
By Monika Blichar, Sponsored Post
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CALL FOR ARTISTS!
We are excited for another installment of Art World Expo in our home base of Vancouver but also two events in Toronto and Edmonton in 2017 and 2018! We are looking for artists who want to be part of the action and showcase their work, products, services and talent!