Luxury Brands Book Art edition by Bev Ballester

LUXURY BRANDS BOOK Virtual Luxury Lifestyle Magazine

The Fine Art Edition

World’s MOST VALUABLE Masterpieces INTERIORS with Art Collections

PLUS

Art Auctions

Being Modern

Fundation Louis Vuitton

MoMA in Paris

October 11, 2017 - March 5, 2018

LUXURY BRANDS BOOK JANUARY 2018 | VOLUME 2

THE ART EDITION Card Players. Paul Cézanne

WORLD MOST VALUABLE MASTERPIECES. Highest known prices paid for paintings.

INTERIORS WITH ART COLLECTIONS. Artistic interiors designed with art.

ART AUCTIONS HOW TO SELL AND BUY. Auction details, art exhibitions and online catalogues.

LUXURY BRANDS BOOK | JANUARY 2018

César Pompidou Center | December 13, 2017–March 26, 2018 75004 Paris. France

Photo credit: © Béatrice Hatala - Pompidou Center, MNAM-CCI / Dist. RMN-GP © SBJ / Adagp, Paris

LUXURY BRANDS BOOK About us Luxury Brands Book® is a Virtual Luxury Lifestyle Magazine. We are a meaningful connection between brands and people in the pursuit of the extraordinary. Luxury Brands are loved for what they provide: status, style, experiences, and uniqueness. Our content is created for inspiration of individuals and corporations who appreciate luxury as a state of mind. Luxury Brands Book is luxury without compromise, attracting a discerning audience with a shared appreciation and desire for quality, artisan-ship, heritage, fine design, and exclusivity.

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OUR COVER | The Art Edition Portrait of Adele Bloch-Bauer I, Gustave Klimt. The painting was completed between 1903 and 1907, it was stolen by the Nazis in 1941. In 2006, following eight years of effort by the Bloch-Bauer heirs, the painting was returned to the family; it was sold the same year for $135 million, at the time a record price for a painting. The portrait is the final and most fully representative work of Klimt's golden phase. It was the first of two depictions of Adele by Klimt. Adele died in 1925; her will asked that the artworks by Klimt were to be left to the Galerie Belvedere. Type: Oil, silver and gold on canvas Dimensions: 138 cm x 138 cm (54 in x 54 in) Location: Neue Galerie, New York LUXURY BRANDS BOOK | JANUARY 2018

David Hockney The Metropolitan Museum of Art November 27, 2017 - February 25, 2018 1000 5th Avenue. New York, NY 10028. USA

WORLD’S MOST VALUABLE MASTERPIECES

Masterpieces become what they are by depicting something that hasn’t been seen before. There are no better examples than the ten famous paintings that follow, including some of the best Picasso paintings, works from Gustav Klimt and more.

Ginevra de' Benci . Leonardo da Vinci US$ 5 million

The earliest sale listed (Vase with Fifteen Sunflowers by Vincent van Gogh) is from 1987, and more than tripled the previous record price, set only two years before, introducing a new era in the history of high sums of money paid for paintings. The current record price is approximately $450 million paid for Leonardo Da Vinci's Salvator Mundi in November 2017. Most of these paintings, especially old master works done before 1803 are generally owned or held by museums and they rarely sell them. Mona Lisa (permanent display at The Louvre Museum, Paris) is listed as having the highest insurance value for a painting in history US$ 790 million. LUXURY BRANDS BOOK | JANUARY 2018

Salvador Mundi. Leonardo da Vinci US$ 450 million

Interchange. Willem de Kooning US$ 300 million

Portrait of Adele Bloch-Bauer. Gustave Klimt US$ 160 million

Vase with Sunflowers. Vincent van Gogh US$ 63.9 million

MOST FAMOUS ART MASTERPIECES

The Virgin of Venus. Sandro Botticelli

These are Art Creations that you will not find in auction houses. They are national treasures and cultural icons that have become a part of the Human-race and Western Civilization.

LUXURY BRANDS BOOK | JANUARY 2018

Last Supper. Leonardo da Vinci

La Gioconda (La Mona Lisa). Leonardo da Vinci

Girl with a Pearl Earring. Johannes Vermeer

Water Lilies Series 1919. Claude Monet

The Scream. Edvard Munch

Aging Pride Belvedere November 17, 2017 - March 4, 2018 Prinz Eugen-Straße 27. 1030 Vienna. Austria

Modigliani TATE MODERN November 23, 2017 - April 2, 2018 Bankside. SE1 9TG London. United Kingdom

INTERIORS WITH ART COLLECTIONS

It’s not every night that you get to sleep with Andy Warhol or Jean-Michel Basquiat. Some interiors, guaranteed more than a few artful encounters. Most of them are adorned with original art works by Fernando Botero in the exteriors, Salvador Dali in the lobby, Pablo Picasso in the bar, and others famous artists, offering a museum quality experience and exhibition spaces. LUXURY BRANDS BOOK | JANUARY 2018

Artistic Interiors designed with art

The stylish home’s spaces, with world-class art collections, have us dreaming of a night at the museum. They have a perfect blend of contemporary art where you can enjoy a rich mixing of intriguing art from classic paintings to large scale sculptures.

ART AUCTIONS

The art of selling and buying ART Around the world, there are many platforms for selling and buying art. Art collectors, general pubic and art lovers can buy, sell or simply enjoy the adrenaline of an art auction. World most prestigious auction houses like Sotheby’s and Christie’s offer authentic artworks and masterpieces through their auctions in all price ranges. The experienced staff will guide you through the buying process: from selecting a work to placing a bid and shipping your purchase. With new technologies, you can find the online catalogues or visit the presale exhibitions to get familiar with the artworks and pieces. If your intention is to sell, an expert will establish the estimate of your piece or property. If the item is appropriate for an auction the cataloguing process and marketing to prospective buyers worldwide bill begin, always trying to achieve prices that meet or exceed pre-sales estimates. Auctions have a long history, having been recorded as early as 500 B.C.

LUXURY BRANDS BOOK | JANUARY 2018

AUCTIONS | World Records Art The most expensive painting sold at auction is Salvator Mundi by Leonardo da Vinci, which sold for $450,312,500 (£ 342,148,000; € 381,431,000), including buyer's premium, at an auction held by Christie's in New York, USA, on 11 November 2017. The painting was included in Christie’s sale of "Postwar and Contemporary Art" at Rockefeller Center in New York, in the hope that it would appeal to the biggest art collectors.

Dress The most expensive dress sold at auction is Marilyn Monroe's 'Happy Birthday, Mr. President' dress, purchased by Ripley's Believe It or Not! (USA) for $4,800,000 USD (€4,489,000, £3,857,200) at Julien’s Auctions in Los Angeles, California, USA, on 17 November 2016. The custom-made Jean Louis gown was worn by Marilyn during her famous performance for President Kennedy, at a fundraiser gala for the Democratic Party on 19 May 1962. The figure is $200,000 greater than the previous record holder, the ivory rayon-acetate dress worn also by Marilyn Monroe in The Seven Year Itch. LUXURY BRANDS BOOK | JANUARY 2018

The seller, Russian billionaire Dmitry Rybolovlev, bought the painting in 2013 for approximately £77.3 million ($127.5 million; €92.6 million). The buyer, who bid by telephone, chose to remain anonymous. Over 1,000 art collectors, advisors, dealers and journalists were present at the auction, with thousand more tuned in via a live stream.

AUCTIONS | World Records Diamond The CTF Pink Star, formerly known as the Steinmetz Pink and the Pink Star, an internally flawless pink 59.6–carat diamond, sold for HKD 553,037,500 ($71.2 m; £57.3 m), including buyer's premium, at a Sotheby’s auction in Hong Kong on 4 April 2017. The diamond, mined in 1999 by De Beers in Africa, was 132.5 carats in its rough state and took two years to cut and polish. Now, the oval-shaped diamond, the largest internally flawless or flawless fancy vivid pink diamond that the Gemological Institute of America (GIA) has ever graded, measures 2.69 cm by 2.06 cm (1.06 in by 0.81 in) and is mounted on a ring. The buyer, Hong Kong conglomerate Chow Tai Fook Enterprises, which has a chain of jewellery stores. They immediately renamed the diamond the CTF Pink Star in memory of the late Dr. Cheng Yu-Tung, father of the current chairman and founder of Chow Tai Fook.

On 12 November 2013, the Pink Star achieved 76,325,000 Swiss francs ($83.01 million; £52.07 million), including commission fees, when the hammer went down at Christie's auction house in Geneva, Switzerland. However the sale did not go ahead due to default by the anonymous buyer.

Auction Glossary Auctioneer - The MC of the sale. A consummate showman (or woman), oftentimes British at the tonier houses, who is able to use both humor and high drama to wheedle remarkable prices from even reluctant bidders. Each auctioneer has a signature style, which among the younger generation of contemporary-art gavelers can lean toward the edgy and in-your-face (sometimes in the manner of Guy Fieri). Paddle - The snooty cousin of the ping pong paddle, these numbered instruments can be used to telegraph bids too—though many high-flying buyers opt for a more discreet approach, signaling the auctioneer with a prearranged system of signs. These can be as simple as a nod, or a complicated language with multiple bidding expressions. Lot - This is the term for the work at issue in a particular round of bidding. A lot is typically a single work but can also contain more than one piece as a group. Consignor - The person, estate, or institution that put a specific artwork up for auction, oftentimes as a result of one of the "three Ds": death, divorce, or debt. Appraisal - This is the approximate market value assigned to a particular lot by the auction house's specialists. Specialist - These are the on-staff connoisseurs who put together the auction, acquiring the works, assessing their value, and contextualizing them in the frame of art history for the catalogue. Specialists are highly trained professionals grouped by their expertise in a particular field—contemporary art, say, or Chinese ceramics and works of art—and they spend their time jetting around the world to scout private collections. Estimate - This is the auction house's guestimate for what a particular work could fetch in a sale, agreed upon in advance by the house's specialists (as a bracket around the appraisal) and included in the auction catalogues. It includes a low estimate and a high estimate, and is typically written in the format of "$14,000,000 - $18,000,000," or a permutation thereof. There are estimates for each individual work and estimates for the overall sale. In auction reports, journalists can squeeze great writerly pleasure from these figures, saying that a work "unstoppably hurdled its high estimate," "sputtered and died short of its low estimate," et cetera. Reserve - The minimum price that a consignor will allow the auction house to sell an artwork for, meaning that if bidding fails to rise to the level of the reserve the work will be bought in. Catalogue - This is the glossy, beautifully produced glamorized brochure that the auction house sends to collectors and other interested parties to whet the appetite for a sale, provide the estimates, and pump up the works on offer. It is not unheard of to spend a million dollars to produce a catalogue for a major sale, enlisting top art historians and photographers to argue why a work deserves to go for sometimes astronomical sums. Cover Lot - This is the lot displayed on the cover of the magazine, and it's generally the artwork that the house believes will generate the most excitement at auction. Buyer's Premium - This is the surcharge that the auction house adds to the price of any sale, usually between 10 and 20 percent of the hammer price, depending on the house and the price point of the work being sold. Auction reports most frequently cite the total prices, including the buyer's premium, and auction records include them as well. Seller's Commission - This is the vigorish that the auction house extracts from a work's consigner—unless the auctioneer is intent on landing the consignment, in which this fee can be waived (or negotiated down). Guarantee - An amount of money that the auction house promises it will pay the consignor regardless of whether a work sells at auction. Issuing guarantees was a central strategy during the years of the mid-2000s art book for houses to acquire showpieces for their marquee evening sales, but after the 2008 financial collapse drained confidence in the art market, auctioneers lost millions and millions of dollars paying out guarantees on overestimated lots. As a result, Christie's and Sotheby's more or less stopped offering guarantees backed by the auction houses. In the immediate aftermath the two auction houses saw annual revenues for contemporary art decline by a stunning 75 percent, but since then—with the help of third-party guarantees—sales have rebounded. Third-Party Guarantee - A guarantee that an auction house offers by finding a buyer for an artwork before the sale who is willing to pay a certain price above the reserve for the piece. The house can then assure the consignor that the work will sell no matter the action in the salesroom. Evening Sale - These are the marquee auctions held at night, offering the most coveted lots in a sophisticated atmosphere of high drama and adrenaline. Champagne is often served, and bidders (and onlookers) typically arrive in formal attire, with gawkers craning around to spot celebrities. Day Sale - These are the sales that typically occur the day after the evening sales and offer lower-priced works. Bid - This is the price that a bidder indicates that he or she is willing to pay for a particular work, either by personally signaling it in the salesroom, having a surrogate place it on the bidder's behalf, calling it in on the phone, or logging it online. You do not want to place one of these accidentally. Increment - The minimum sum by which a bidder must top the previous bid. Absentee Bid - A bid placed on behalf on someone by a surrogate. Art dealers and other market experts often attend sales as surrogates for an anonymous prospective buyer. Larry Gagosian, in particular, is known to relish bidding on behalf of others. Telephone Bid - A bid called in to one of the immaculately dressed specialists who fill the phone bank behind the auctioneer. Because so many of the most spectacular sales are made to anonymous buyers in China, Russia, or elsewhere, an auction's top lots frequently are won by telephone bids—to the chagrin of auction aficionados, who prefer to see the action unfold more dramatically in the salesroom.

LUXURY BRANDS BOOK | JANUARY 2018

LUXURY BRANDS BOOK | JANUARY 2018