Arts & Collections: Volume 3 2016 by Magazine

arts &

ColleCtions T h E I N T E R N AT I O N A L M A g A z I N E O F A R T A N D C U LT U R E

I N T E R N AT I O N A L

ART

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CULTURE

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LIFE

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EVENTS

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COLLECTABLES

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MARKET VALUES

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TRENDS 26/08/2016 09:57

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features 10

20 YEARS OF ARTS & COLLECTIONS INTERNATIONAL

YOU SAY YOU WANT A REVOLUTION?

ABSTRACT EXPRESSIONISM

THE SPIRIT LEVEL

ECLECTIC, UNSCRIPTED AND UNDERSTATED

image © Sotheby’S; mappin & Webb; the metropolitan muSeum of art/ art reSource/ Scala, florence

Contents

Next issue, we will be celebrating 20 years of Arts & Collections International with a special edition to mark the event.

The era that defined present life—the V&A’s immersive exhibition explores and captures the impact of the late 1960s.

The Royal Academy of Arts’ Abstract Expressionism exhibition explores a movement that will forever be associated with the boundless innovation of 1950s New York.

Cover: Photo of David Bowie by Gavin Evans, © Gavin Evans. Turn to page 28 to read about Sotheby’s upcoming auction of David Bowie’s personal art collection

Rare whisky has become a lucrative option for the canny investor, but what makes this spirit such a good prospect, and how do we make the right investment choices?

An exhibition and auction this autumn will reveal David Bowie’s personal art collection.

BEHIND THE WHEEL

From record-breaking sales to highlights in the auction calendar, we chart the latest developments in the world of luxury and classic motors.

TEMPLES TO SPEED

THE WISE INVESTOR

GO SWISS

FUN OF THE FAIR

ALL ABOARD

UP IN ARMS

PUSHING THE BOUNDARIES

ART FOR THE MODERN WORLD

CROWN jEWELLERS

28 78

Slick, modern and beautifully constructed, the world’s major car museums are often as striking as the machines inside them.

The art market can be opaque and volatile, making investment an uncertain venture. Here, we detail some of the common mistakes to avoid. Explore all that Switzerland has to offer—art and culture, charming cities, spectacular hiking and picturesque mountains.

In recent years, art fairs have exploded in popularity across the globe. Here, we detail some of the best ones to visit.

When it comes to spectacle, cutting edge design and luxury, the Monaco Yacht Show is hard to surpass. The lure of owning a rare piece of history is surely a prevailing factor when it comes to antique arms and armour. An ambitious retrospective at Tate Modern will examine the work of the iconoclastic American artist Robert Rauschenberg. Innovative, daring and complex, Art Nouveau gave birth to a new mode of artistic expression. Renowned for extraordinary craftsmanship and contemporary design, Mappin & Webb have received the greatest honour that can be bestowed upon a jeweler.

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Contents

RegulaRs

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HAPPENINGS Bringing you a mix of the high-minded, eccentric, regal, random, and unmissable events as we look ahead through the rest of the year and into 2017.

THE GRAPE ESCAPE

AUCTION HIGHLIGHTS

TREASURES

THE EARTHLy PARAdISE

WHERE TO SPENd IT

Wine merchants Berry Bros. & Rudd offer guidance for the wine investment novice.

The record-breaking, the eclectic and the unique, we bring you the latest from the world’s most renowned auction houses.

Our series highlights a single item of artistry or craftsmanship that is both rare and exquisite.

An Arts and Crafts pioneer with distaste for capitalism and passion for natural beauty continues to inspire over a century later, resulting in quintessentially British collections.

From an art trip across Asia to a digital art inspired bag, our list of the latest luxury goods are a must-have for any collection.

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images: BOODLes; asTON maRTiN; © CHRisTies; BeRRy BROs. & RuDD; BONHams

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26/08/2016 15:50

DAMSONMEDIA Publisher & CEO Kevin J. Harrington Senior Editor Hannah Guinness Deputy Editor Samantha Coles Art Editor Friyan Mehta

Arts & Collections International has partnered with over 120 of the world’s finest luxury and boutique hotels to provide the highest quality coverage of global art and cultural events, as well as auctions of interest and the latest developments in the global art market. It is this blend of interesting and informative editorial that is most appealing to guests at these premier hotels, who have a great interest in admiring and purchasing fine art and collectables.

Editorial Assistant Hanaa Foura Production Director Joanna Harrington Production Coordinator Iain Wilson Ellie Hicks Production & Administration Adam Linard-Stevens EDITORIAL OFFICE Arts & Collections International Suite 2 143 Caledonian Road London N1 0SL United Kingdom Telephone: 020 7870 9090 editorial@damsonmedia.com www.damsonmedia.com CHICAGO OFFICE Arts & Collections International 730 N. Franklin St. Suite 604, Chicago, IL 60654, USA THE OPINIONS EXPRESSED IN THIS MAGAZINE SHOULD NOT BE CONSIDERED OFFICIAL OPINIONS OF THE PUBLISHER OR EDITOR. THE PUBLISHER RESERVES THE RIGHT TO ACCEPT OR REJECT ALL EDITORIAL OR ADVERTISING MATTER. THE PUBLISHER ASSUMES NO RESPONSIBILITY FOR UNSOLICITED MANUSCRIPTS, PHOTOGRAPHS OR ARTWORK. IMAGES ARE SENT AT THE OWNERS’ RISK AND THE PUBLISHER TAKES NO RESPONSIBILITY FOR LOSS.

© 2016 DAMSON MEDIA ALL RIGHTS RESERVED. REPRODUCTION IN WHOLE OR IN PART OF ANY TEXT, PHOTOGRAPH OR ILLUSTRATION WITHOUT PRIOR WRITTEN PERMISSION FROM THE PUBLISHER IS STRICTLY PROHIBITED. PRINTED IN THE UK.

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Arts & Collections International’s dedicated website, artsandcollections.com, features detailed information on each of the 120 luxury hotels promoting the publication in their exclusive rooms and suites.

All of the exclusive previews, reviews and expert commentary pieces that appear in the pages of Arts & Collections International are also available to view on artsandcollections.com. In addition, the website provides a directory of upcoming auctions by Sotheby’s and other top auction houses, plus exhibitions and popular cultural events, keeping visitors fully informed, as well as providing a comprehensive resource area for collectors and connoisseurs.

Arts & Collections International is published quarterly and is available on subscription for €40 (Europe) or €45 (worldwide) per annum including post and packaging. Please email editorial@damsonmedia.com for further details regarding subscriptions.

It Figures... 20 years

of Art & Collections International covering the unique, the lavish and the eclectic world of arts and luxury lifestyle. Page 10

100years

since Georgia O’Keeffe made her art debut in New York. Pages 12-15

1520

The year the rare engraving, Maria Crowned by an Angel was made before it went missing at the end of the Second World War. Page 37

£218,500

A van once used by SWAT teams and spray painted by the world’s best known street artist, Banksy, has sold at auction for this amount in London. Pages 32-37

48,000 drawings, prints, photographs, videos and films held in The Museum of Fine Arts, Bern Switzerland. Pages 55-56

007

Drive like James Bond in the new Aston Martin DB11 Pages 81-82

COLLECTIONS INTERNATIONAL 7

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06/07/2016 12:37

THE TRUE VALUE OF ART

EDITORIAL

Unpredictability colours today’s art market, but we shouldn’t be dismayed

IMAGES: © SOTHEBY’S

hristie’s 250th anniversary Defining British Art sale took place on 30 June, a mere week after the tumultuous results of the EU referendum, which bred much uncertainty and division in this country. The evening’s bidding, in many ways, echoed the unpredictability of 23 June. Some pieces disappointed while others delighted: Lucian Freud’s Ib and her Husband failed to sell at £16 million, while Henry Moore’s Reclining Figure: Festival fetched a hefty price tag of £24.7 million. Amidst fears that Brexit would have a calamitous impact on London’s art market this was an auction that sold well, with 87 percent of lots sold and eight auction world records set. Uncertain or stable, predictable or surprising, just as we can’t seem to decide whether Brexit is good or bad for Britain we are also unable to make up our minds about whether the art market is truly destined for stormy waters. Ominous rumblings have been continuing for some time—with TEFAF’s 2016 report in March reporting a seven percent contraction in the global art market in 2015, with sectors such as China shrinking by as much as 23 percent. The auction houses have released their figures for the first six months of 2016 and volumes have fallen, with the value of auction sales at Sotheby’s dropping 24 percent to $2.4 billion while Christie’s has seen art sales fall 27 percent in the first half of the year. Yet while the bottom and middle parts of the market have certainly shrunk the top end of the market has soared, with recordbreaking sales in 2015 including Modigliani’s Nu Couché, which sold for an astounding $170.4 million in a Christie’s November sale. Moving back to British art, autumn 2016 is set to see a high profile celebrity auction take place in London as Sotheby’s sell David Bowie’s personal art collection, which includes 200 pieces by British artists as

www.artsandcollections.com

Above [l-r]: Percy Wyndham Lewis Circus Scene pen and ink, watercolour and gouache Executed in 1913-14. Bowie/Collector, 10-11 November 2016. Ettore Sottsass (1917-2007) ‘Ashoka’ Lamp lacquered and chromium-plated metal Designed 1981. Bowie/Collector, 10-11 November 2016.

well as an eclectic array of works that range from African contemporary art to post-modernist design. Bowie once told the New York Times that ‘art was, seriously, the only thing I’d ever wanted to own’ and the three-part auction, on 10-11 November, will unveil in full a fascinating, highly individual collection that reveal the late musician as someone who bought art not for vanity or profit but because art was, for him, a necessity. It is an attitude that, amidst the furore about falling profits and contracting markets, we should all think about carefully. Consider what American art dealer Arne Glimcher once said on the subject: ‘Art is not an investment. Art is something you buy because you are financially solvent enough to give yourself a pleasure of living with great works rather than having to just see them in museums. People who are buying art at the top of the market as an investment are foolish.’ Strong words, perhaps, but a reminder that the true value of an artwork lies not in what it can command at auction but in how it can enhance our lives. Art, to quote the Thin White Duke again, is a ‘stable nourishment’, whose value lies far beyond money. •

COLLECTIONS INTERNATIONAL 9

years of arts &

ColleCtions T h E I N T E R N AT I O N A L M A g A z I N E O F A R T A N D C U LT U R E

I N T E R N AT I O N A L

ART

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CULTURE

Collections Cover 3.16 op2.indd 1

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LIFE

www.artsandcollections.com

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EVENTS

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COLLECTABLES

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MARKET VALUES

•

TRENDS 26/08/2016 09:57

Since launching in 1996, Arts & Collections International has been covering the unique, the lavish and the eclectic world of arts and luxury lifestyle. Collections’ plethora of art, modern culture and lifestyle coverage has ensured a strong following of wealthy individuals, as well as sponsors of leading cultural events. Next issue, we will be celebrating 20 years of Arts & Collections International with an anniversary edition to mark the event, including a special feature where we reminisce over past covers and the exciting evolution of our publication. 10 COLLECTIONS INTERNATIONAL

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www.artsandcollections.com

26/08/2016 10:32

indulge in the finer things Visit themasterchefs.com for the ultimate guide to fine wines, gourmet food and much more

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26/08/2016 14:36

Happenings // events

Happenings Bringing you a mix of the high-minded, eccentric, regal, random, and un-missable events as we look ahead through the rest of the year and into 2017

Running until 23 October 2016, the Guggenheim Museum Bilbao’s exhibition Windows on the City: The School of Paris will show more than 50 masterpieces from the collection of the Solomon R. Guggenheim museum in New York. The retrospective spans the first years of the 20th century through World War II and charts the crucial movements of modernism,

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from Surrealism to Cubism to Orphism, and includes the artists who came to be known as the École de Paris (School of Paris). Highlights include works by Pablo Picasso, Georges Braque and Vasily Kandinsky that show how their new forms of art and literature reacted to the period’s rapid economic, social and technological advances, and how their artistic outpouring still influences works to this day.

Vasily Kandinsky Around the Circle (Autour du cercle), May–August 1940 Oil and enamel on canvas Solomon R. Guggenheim Museum, New York, Solomon R. Guggenheim Founding Collection. Images: © VegaP, BIlBao, 2016

WINDOWS ON THE CITY

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26/08/2016 10:34

EvEnts // happenings

GEORGIA O’KEEFFE Best known for her paintings of magnified flowers, animal skulls and New Mexico desert landscapes, Georgia O’Keeffe is a pioneer of 20th century art. The exhibition, which will run until 30 October 2016 at the Tate Modern, London, marks the 100th anniversary of her New York debut. The retrospective gives a rare chance to see over 100 of her most important works—including Jimson Weed/White Flower no. 1, which was bought for $44 million in 2014—making it the most expensive painting by a female artist ever sold at auction. Her paintings have often been considered to have erotic connotations, an assumption that came from male art critics—and one that O’Keeffe has resisted. Achim Borchardt-Hume, the Tate Modern’s director of exhibitions, said ‘O’Keeffe has been very much reduced to one particular body of work, which tends to be read in one particular way. Many of the white male artists across the 20th century have the privilege of being read on multiple levels, while others—be they women or artists from other parts of the world—tend to be reduced to one conservative reading. It’s high time that galleries and museums challenge this.’ Left: Black Cross with Stars and Blue, 1929 Oil paint on canvas Private collection.

Below: Pedernal, 1945 Pastel on paper Georgia O’Keeffe Museum, Gift of The Burnett Foundation.

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Happenings // events

OPUS ANGLICANUM Opening October 2016 and running until February 2017, the Opus Anglicanum: Masterpieces of English Medieval Embroidery exhibition at the Victoria and Albert museum, London, will feature rare embroideries—some of which have not been seen in Britain since they were produced. From the 12th to 15th centuries, England gained an international reputation for these high-quality, lavish embroideries. Typically created by professional craftspeople in the City of London, the rich designs and delicate intricacy attracted the attention of kings, queens, popes and cardinals from across Europe. The exhibition also includes paintings, illuminated manuscripts, metalwork and stained glass, allowing visitors to explore the world within which these outstanding works were created. Above: Part of a horse trapper probably made for Edward III‚ Äôs Court (detail) Date: 1330-40. Below: Stained glass seraph Date: ca. 1450.

RENÉ MAGRITTE6

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Images: © VIctorIa and albert museum, london

Belgian surrealist artist René Magritte’s provocative paintings encourage viewers to question their perception of reality, and become hypersensitive to the world around them. Through constructing everyday images and inserting them into extreme contexts, Magritte sought to have his viewers question the power of art to accurately represent an object. In his paintings, he often played with the perception of an image and the fact that the painting of the image could never actually be the object. His artistic interpretations influenced many modern artists, including Andy Warhol, Jan Verdoodt and Jasper Johns. The exhibition, La Trahison des Images, (or Treachery of Images) will be held at Paris’ Pompidou Centre from Sept 18 2016 until January 9 2017.

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26/08/2016 14:10

EvEnts // happenings

IT’S ALL TRUE The Museum of Modern Art (MoMA), New York, is showing Bruce Conner’s first monographic museum exhibition—the first large review of his work in 16 years, and the first complete retrospective of his 50-year career. The exhibition, Bruce Conner: It’s All True, brings together over 250 objects from film and video, painting, assemblage, drawing, prints, photograph, photograms and performance. His work challenged mainstream American society, and he was an influential part of the San Francisco Beat scene in the late 1950s. He gained international appreciation for his surrealistic sculptures and pioneering avant-garde films, using disturbingly bold but very current themes. The exhibition will run until 2 October 2016. Bruce Conner, BOMBHEAD, 1989 Collage of found illustration and photocopy Courtesy of Conner Family Trust.

WILLIAM EGGLESTON Pioneering American photographer, William Eggleston, is renowned for his intense, whimsical and enigmatic images of people in mundane situations—diners, petrol stations, phone booths and supermarkets. He says his work is about finding ‘beauty in the everyday’. He’s widely credited with increasing the appreciation of colour photography, and for incorporating his own experimental use of dye-transfer technique. The exhibition, titled William Eggleston Portraits, will run at the National Portrait Gallery, London, from 21 July until 23 October 2016 and highlights include a previously unseen image of The Clash front man Joe Strummer, and a colossal, five-foot wide print of the artist’s uncle, Adyn Schuyler Senior. Curator Phillip Prodger, head of photographs at the National Portrait Gallery says, ‘Few photographers alive today have had such a profound influence on the way photographs are made and seen as William Eggleston. His pictures are as fresh and exciting as they were when they first grabbed the public’s attention in the 1970s. There is nothing quite like the colour in an Eggleston photograph— radiant in their beauty, that get deep under the skin and linger in the imagination.’ Above: Untitled, c.1975 (Marcia Hare in Memphis Tennessee) by William Eggleston, c.1975. Below: Untitled, 1974 (Karen Chatham, left, with the artist’s cousin Lesa Aldridge, in Memphis, Tennessee) by William Eggleston, 1974, Wilson Centre for Photography.

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26/08/2016 10:39

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COLLECTIONS // ART

You Say You Want a

Above: The Beatles Illustrated Lyrics, ‘Revolution’ 1968 by Alan Aldridge

The era that defined present life—the V&A’s immersive exhibition explores and captures the impact of the late 1960s By Samantha Coles

Images © IconIc Images, alan aldrIdge

aking its title from the famous and apt 1968 Beatles song, this major V&A exhibition, You Say You Want a Revolution: Records & Rebels 1966-70, explores the era-defining significance and impact of the late 1960s. The show will focus on the optimism, ideals and ambitions of the late 60s, expressed through music, fashion, film, design and political activism.

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The exhibition, which will run 10 September 2016 – 26 February 2017, will feature more than 350 objects covering photography, posters, literature, music, design, fashion and performance to communicate the ethos of a youth culture that embraced optimistic idealism, examined existing power structures and whose actions resonate in contemporary life.

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26/08/2016 10:42

ART // COLLECTIONS

Left: David Hemmings in film still from Blow Up, 1966 Facing Page: The Acid Test poster designed by Wes Wilson, printed by contact printing co.

Images © VIctorIa and albert museum, london; © mgm tHe Klobal collectIon

Below: Postcard from the Montreal World Expo 1967

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Images: courtesy of steward brand

Images © VIctorIa and albert museum, london; © mgm tHe Klobal collectIon

COLLECTIONS // ART

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ART // COLLECTIONS

The highly immersive and atmospheric show will be divided into six sections, beginning with a recreation of London’s Carnaby Street, exploring revolution in youth identity in 1966. This was the year Time magazine christened London ‘The Swinging City,’ reflecting its extraordinary rise as a cultural hub for fashion, music, art and photography. Clothing from Mary Quant and Mr Fish will be accompanied with photographs by the likes of David Bailey and Terry O’Neill, alongside images of Michael Caine and Twiggy, all backed with songs by The Kinks, Beach Boys and Martha Reeves and the Vandellas. Films including Blow Up (1966) and Alfie (1966) will be shown. Highlights on display throughout the six sections will show the creative, social and legal outputs of revolutionary new ways of living. They will include underground magazines from Oz to the International Times; a shopping list written behind barricades during the 1968 Paris student riots; a moon rock on loan from NASA alongside the space suit worn by William Anders, who took the defining Earthrise photograph on the Apollo 8 mission; a rare Apple 1 computer; an Ossie Clark costume for Mick Jagger; original artworks by Richard Hamilton; shards from Jimi Hendrix’s guitar; the suits worn by John Lennon and George Harrison on the cover of Sgt. Pepper’s Lonely Hearts Club Band and handwritten lyrics for Lucy in the Sky with Diamonds by the Beatles. Martin Roth, director of the V&A, says: ‘This ambitious framing of late 1960s counterculture shows the incredible importance of that revolutionary period to our lives today. This seminal exhibition will shed new light on the wide-reaching social, cultural and intellectual changes of the late 1960s which followed the austerity of the post-war years, not just in the UK but throughout the Western world. Our collections at the V&A, unrivalled in their scope and diversity, make us uniquely placed to present this exhibition.’ •

Above: Poster for The Crazy World of Arthur Brown at UFO, 16 and 23 June, by Hapshash and the Coloured Coat. Artists: London Michael English and Nigel Waymouth.

» Tickets on sale from 26 February 2016. Admission £16. V&A members go free.

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31/08/2016 11:38

F.N. Voirin, Paris, c.1875-78

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Cello by Joseph Hill, London c.1770-1780

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23/08/2016 14:57

ART // COLLECTIONS

Abstract Expressionism The Royal Academy of Arts’ Abstract Expressionism exhibition explores the full extent of a movement that will forever be associated with the boundless innovation of 1950s New York By Samantha Coles

Above: Lee Krasner, The Eye is the First Circle, 1960. Private collection, courtesy Robert Miller Gallery, New York (c) ARS, NY and DACS, London 2016

unning from 24 September until 2 January 2017, the long awaited exhibition by the Royal Academy of Arts will see a number of influential works of art from celebrated artists like Jackson Pollock, Mark Rothko and Willem de Kooning, as well as showcasing a few lesser-known artists who contributed to the Abstract Expressionism movement. The independent art historian Dr David Anfam, alongside Edith Devaney, contemporary curator at the Royal Academy of Arts, will curate the exhibition at the Main Galleries, Burlington House and

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will feature over 150 paintings, sculptures and photographs from public and private collections across the world. This ambitious exhibition will be the first major exhibition of Abstract Expressionism to be held in the UK in almost six decades. Considered the movement that made New York the centre of the art world (a position previously occupied by Paris), Abstract Expressionism developed just after the great depression and overlapped with the Vietnam War, and allowed America to surface as the pre-eminent global giant. Abstract Expressionism can be

characterised by large, abstract and emotionally charged oil paintings, with distinct brush-strokes or mark making that creates the impression of deeply expressive spontaneity. Abstract Expressionism is immersed in the spontaneous, unconscious outlets of creativity, which are a direct inheritance from Surrealism. ‘In its confidence and espousal of freedom of expression, there is a particularly American feeling about Abstract Expressionism,’ says the exhibition’s curator Edith Devaney. Within Abstract Expressionism, there are two broad groups: the ‘action painters’ and

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COLLECTIONS // ART

Above: Arshile Gorky, Water of the Flowery Mill, 1944. Th e Metropolitan Museum of Art, New York (c) ARS, NY and DACS, London 2016

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ART // COLLECTIONS

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COLLECTIONS // ART

the ‘colour field painters’. Jackson Pollock and Willem de Kooning, who worked in an instinctive manner, often using large brushes to make sweeping gestural marks, led the former. Pollock famously placed his canvas on the ground and danced around it, pouring paint from the can or trailing it from the brush or a stick. The ‘action painters’ directly placed their inner impulses onto the canvas. Of these works, Christopher Le Brun, President of the Royal Academy said, ‘Seeing these works made my imagination come to life and realise what painting could be—very poetic, very moving and very physical.’ The latter group included Mark Rothko, Clyfford Still and Barnett Newman who were deeply interested in religion and myth. Their artistic approach was characterised by large expanses of more flatly applied colour, intended to produce a meditational response in the viewer. In an essay written in 1948, Barnett Newman said: ‘Instead of making cathedrals out of Christ, man, or “life”, we are making it out of ourselves, of our own feelings.’ This was a groundbreaking approach, and as explained by Le Brun, had ‘never been seen before in the history of Art.’ Despite these groupings, Abstract Expressionism was about a great deal more than just colour-field or action painting. The exhibition displays the versatility of many of the artists involved: from smallscale poured paintings by Pollock to unexpectedly celebratory works by Rothko in vivid oranges and yellow. While the Royal Academy show concentrates on the main New York figures (Pollock and Rothko, de Kooning, Kline, and Robert Motherwell), it also includes artists based in and around San Francisco (like Clyfford Still and Sam Francis) and some of the many women artists at the forefront of the movement: Helen Frankenthaler, Lee Krasner, Joan Mitchell and Louise Nevelson. As the first multi-artist exhibition of US Abstract Expressionism to take place in the UK since 1959, one of the fundamental themes is the movement’s oft-overlooked diversity. •

Facing Page Above: Jackson Pollock, Blue poles, 1952. National Gallery of Australia, Canberra (c) The Pollock-Krasner Foundation ARS, NY and DACS, London 2016 Facing Page Below: David Smith Star Cage, 1950. Lent by the Frederick R. Weisman Art Museum, University of Minnesota, Minneapolis. The John Rood Sculpture Collection. (c) Estate of David Smith/DACS, London/VAGA, New York 2016 Below: Willem De Kooning Woman II, 1952. The Museum of Modern Art, New York. Gift of Blanchette Hooker Rockefeller, 1995 © 2016 The Willem de Kooning Foundation / Artists Rights Society (ARS), New York and DACS, London 2016

» Abstract Expressionism is in the Main Galleries at the Royal Academy, London, from 24 September 2016 – 2 January 2017.

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26/08/2016 10:45

COLLECTIONS // FINE WINE

The Grape Escape Wine merchants Berry Bros. & Rudd offer guidance for the wine investment novice

supply diminishes, demand generally rises as the wine matures. Moreover, demand and interest in fine wine is growing around the world and supply of the top wines cannot be increased.

he wine market as a whole has been fairly resilient when compared with more traditional investment sectors. The reason for this is quite easy to explain: fine wine is a tangible asset; it’s a luxury product that we aspire to own, consume and know more about. For many it’s far more useful than gold, and easier to enjoy than art. Interest in wine is growing at all levels. Most important is the supply, which is limited; the supply of any particular vintage is constantly diminishing while in the case of younger vintages it’s constantly improving.

• The key to investing in wine is buying the right wines, at the correct prices. The wines that have exhibited the best performance historically are the top 30 or so châteaux of Bordeaux. These are often best bought at their opening price en primeur, but because supply is so restricted and release prices have increased over the past few years, looking at back vintages could offer a valuable alternative. Your wine merchant will be able to provide advice.

Helpful tips for wine investment • Buy from a reputable merchant. Many unscrupulous merchants/wine investment houses will have few qualms about selling the wrong wines or the right wines at the wrong prices for investment. Only buy from established merchants and ensure you get the expertise needed.

• The practical advantages to wine investing are fairly straightforward. Wine is an easily transferable asset, plus there is an established fine wine market and a thriving auction market. • Ensure your investment is correctly stored. Correct storage of investment wines is crucial for two reasons: firstly, wines should be stored ‘under bond’ to avoid paying excise duty and VAT on the wine, which cannot be reclaimed. Second of all, provenance is key to a wine’s future value; fine wine has to be stored in specific conditions.

• Wine is not a quick win investment. Whilst customers who bought well before the financial crisis in 2008 will have done very well indeed over a matter of a couple of years, it is best to view any investment these days as a long-term one. Experience suggests that a minimum eight-to-10year term is a good benchmark, but one should bear in mind that for the most part you will be buying wines with a lifespan of 10 to 20 years and more, and that their financial maturity will be linked with their drinking maturity. • The law of supply and demand. Limited supply increases demand. Fine wine matures once bottled, and improves with age. A limited amount is produced every year and as bottles are consumed the supply of the wine becomes smaller. As

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• Wine is a tangible asset. Shares that fall in value are good for nothing save for selling at a loss. Wines that do not perform financially as well as expected can be consumed and enjoyed!

Above: Bordeaux first growths such as this Margaux NV are always desirable for collectors

» Berry Bros. & Rudd 3 St. James’s Street, London 020 7022 8973 bbr.com

www.artsandcollections.com

26/08/2016 10:47

Fine spirits // ColleCtions

The Spirit Level Rare whisky has become a lucrative option for the canny investor, but what makes this spirit such a good prospect, and how do we make the right investment choices? By Hannah Guinness

IMAGES: courtESy of MAcAllAn

ccording to consultancy Rare Whisky 101, the rare whisky market is booming with the total value of collectable whiskies traded on the open market priced at £9.56 million in 2015, up from £7.64 million in 2014. The Rare Whisky Apex 1000, the main index for Scotch whisky, rose by 14 percent last year, significantly outperforming wine and gold. ‘Everything is underpinned by quality,’ explains Andy Simpson, co-founder of Rare Whisky 101. ‘Broadly speaking (there are exceptions) only the best quality whisky makes a good target for investment. Whisky is in such demand in the current market that one person’s investment today can be another’s drink tomorrow. ‘Rarity is another factor—frequently, the best quality whiskies get consumed (that’s what they were originally made for at the end of the day) so any remaining bottles become both scarce and sought after, he continues. ‘Couple these factors together with something like the Macallan 1979 18-year-old Gran Reserva and an original retail price of £50 in 1997 has become £1,200 at auction in 2016. And they’re still being drunk, so supply will decrease which, in turn, lends itself to sustained investment upside.’ According to Andy, you also need think carefully about which whiskies you invest in: ‘The market is exceptionally buoyant for the right bottles. Seriously punishing for the wrong bottles,’ he says. ‘We’ve written about polarisation for many years and we’re seeing the price divide accelerate with the best bottles increasing and less good bottles declining in value. We’re almost in the perfect storm at the moment where demand is a never-ending, increasing force and supply is disappearing from the market. As many brands continue to remove age statements from the primary (retail) market the natural place to look for those older, rarer, more exciting bottles is at auction. This is

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Below: The new Macallan 65-year-old 6th Pillar Lalique decanter, $35,000.

applying serious upward momentum on prices.’ Andy’s investment and buying advice on rare whisky isn’t just informed by market performance. ‘It really depends what’s driving your decision and what the end goal is,’ he tells us. ‘“Collectors” can be significantly different to “investors”. Collectors can be driven by a whole myriad of different criteria: one bottle from every distillery, every bottle from just one single distillery, birth year vintages, Islay distilleries, sherry cask matured whisky... the list is endless and increasing values are often merely a by product of a collection. ‘From an investment perspective, you’re looking for bottles which will experience the highest demand,’ he adds. ‘Whisky investing is an economically simple market, it’s supply versus demand. Entry and exit is all important. Whisky can’t pay a dividend like equities and it can’t give a rental yield like property, so capital appreciation is the aim. Broad rules of thumb are to stick to the “iconic” distilleries like Macallan, Ardbeg, Dalmore, Glenfiddich, Balvenie and Lagavulin, to name a few. Pretty much anything from a silent (no longer producing) distillery is experiencing vast demand, some examples are Port Ellen, Brora, Rosebank, St. Magdalene, Glenugie, Dallas Dhu, Banff and Littlemill. Limited editions, commemorative bottles and single casks all do well—the smaller the release the better. In 2010 Balvenie released 336 bottles of what’s called “Tun 1401 Batch 1”. It sold through the distillery for £150 per bottle. It now sells at auction in the UK for more than £3,000. Older age statements are valuable as are older vintages (year/date distilled) with 30 and 40-year-old Scotches being massively sought after and anything distilled in the seventies or earlier becoming very rare.’ • » rarewhisky101.com

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26/08/2016 10:48

ART // COLLECTIONS

Eclectic,

unscripted & understated

Images: courtesy of southeby’s

An exhibition and auction this autumn will reveal David Bowie’s personal art collection

Above: Frank Auerbach, Head Of Gerda Boehm, oil on board. Executed in 1965.

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Images: courtesy of southebyâ&#x20AC;&#x2122;s

COLLECTIONS // ART

Damien Hirst Beautiful, Shattering, Slashing, Violent, Pinky, Hacking, Sphincter Painting, signed, household gloss on canvas. Executed in 1995.

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ART // COLLECTIONS

n icon of fashion, art and music, David Bowie was one of the most adored and critically feted artists of the past 50 years, someone who made an indelible mark on popular culture. What many of his fans didn’t know, however, is that he was also a prolific collector of art—a pastime he kept largely hidden from public view, until now. Bowie/Collector, taking place at Sotheby’s in London, is a three-part sale of around 400 items from David Bowie’s private art collection, encompassing paintings, drawings, sculptures, prints and photographs. ‘Eclectic, unscripted, understated: David Bowie’s collection offers a unique insight into the personal world of one of the 20th century’s greatest creative spirits,’ said Oliver Barker, chairman of Sotheby’s Europe. Bowie was deeply immersed in the art world as an artist, critic, curator, publisher and magazine editor. A lifelong painter, he frequently mingled with the artistic communities of London, New York and Berlin, once meeting Andy Warhol at his famous ‘Factory’ studio in New York in 1971. He was later critically praised for his portrayal of the American Pop Art giant in Julian Schnabel’s 1996 biopic, Basquiat. In 1994 he became part of the editorial board of Modern Painters magazine, and during his tenure he interviewed the likes of Jeff Koons, Damien Hirst and Tracy Emin. In 1998 he launched an art books publishing company, 21, alongside Modern Painter editor Karen Wright, gallerist Bernard Jacobson and Sir Timothy Sainsbury. This was a period best noted for the time when Bowie hosted a party at Jeff Koons’ Manhattan studio for the launch of a book celebrating the life and work of Nat Tate, an

Images: courtesy of southeby’s

Above: David Bomberg Sunrise In The Mountains, Picos De Asturias, signed and dated 35, oil on canvas. Executed in 1935. Below: Jean-Michel Basquiat, Air Power, signed, titled and dated 1984 on the reverse, acrylic and oilstick on canvas. Executed in 1984.

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COLLECTIONS // ART

entirely fictional artist created by his friend, the novelist William Boyd. As a collector, Bowie’s tastes were wide-ranging. Although a native of South London who was drawn to chroniclers of the city’s streets such as Harold Gilman, Frank Auerbach and Leon Kossoff, he was also fascinated with the British landscape, collecting artists such as Henry Moore and Ivon Hitchens. Bowie also often ventured beyond British art, acquiring pieces from the likes of everyone from early modernist pioneers such as Marcel Duchamp to JeanMichel Basquiat, as well as ‘Outsider’ artists from the Gugging Institute in Vienna, the work of Ettore Sottsass and his Memphis Design Group and contemporary African art. ‘David’s art collection was fuelled by personal interest and compiled out of passion,’ said a spokesperson for the estate of David Bowie. ‘He always sought and encouraged loans from the collection and enjoyed sharing the works in his custody. Though his family are keeping certain pieces of particular personal significance, it is now time to give others the opportunity to appreciate—and acquire—the art and objects he so admired.’ Auction detAils At sotheby’s new bond street, london Part I: Modern & Contemporary Art, Evening Auction, 10 November Part II: Modern & Contemporary Art, Day Auction, 11 November Part III: Post-Modernist Design: Ettore Sottsass and the Memphis Group, 11 November

Images: courtesy of southeby’s

Bowie/Collector will be exhibited at Sotheby’s New Bond Street in London from 1-10 November • Above: Pier Giacomo and Achille Castiglioni Brionvega Radiophonograph, model no RR 126 wood, laminate, polycarbonate, painted aluminium, Circa 1966. Below: Sir Eduardo Paolozzi, Forms On A Bow, No. 2, bronze, Conceived in 1949 and cast in 1960.

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auction highlights // news

Auction HIGHLIGHTS

LOT AND HIS DAUGHTERS This 17th century masterpiece, that was once displayed on the walls of Blenheim Palace, has sold at a Christie’s auction for a record-breaking £44,882,500—the highest ever achieved for an Old Master painting at the auction house. Lot and his Daughters by Sir Peter Paul Rubens depicts the biblical story of Lot who

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fled the immoral city of Sodom, and his chaste daughters’ plot to seduce him in order to continue their lineage following the annihilation of Sodom and Gomorrah. Painted at the height of Sir Peter Paul Rubens’ career, the piece has remained in private hands and has been unseen for over a century. At the time of creation (circa 1613-1614), Rubens had already gained a

reputation as one of the most important and fashionable artists in Antwerp, and was at the centre of the European artistic stage. The painting, which had previously been owned by Holy Roman Emperor Joseph I, sold after a 14-minute battle between four collectors—an anonymous phone bidder eventually placing the winning bid. 

IMAGES: © ChrIStIES

The record-breaking, the eclectic and the unique, we bring you the latest from the world’s most renowned auction houses

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26/08/2016 10:56

news // auction highlights

EXPENSIVE TASTE Perhaps the world’s most famous sweet wine, the Château d’Yquem 1811 also became the world’s most expensive white wine in June 2016 as it sold for £78,105 (including VAT). Infamously enjoyed by Hannibal Lecter in the Thomas Harris novels, the Château d’Yquem is a Sauternes, made close to the city of Bordeaux from sauvignon blanc and Semillon grapes that have been infected with botrytis cinerea (noble rot) so that they wither and the flavour deepens, resulting in a succulent flavour reminiscent of saffron, honey and crystallised pineapples. The wine was sold by Hedonism, the exclusive Mayfair wine merchant, to an anonymous buyer who planned to send the wine to the U.S. as a ‘gift’. 

IMAGES: © ChrIStIES; hEdonISM WInES

THE OPPENHEIMER BLUE Setting a new world-record for any jewel sold at auction, the 14.62-carat Fancy Vivid Blue diamond lead Christie’s Magnificent Jewels auction. The Oppenheimer Blue sold for CHF 56,837,000, soaring well above its estimate of CHF 38,000,000. After fierce competition between collectors, it came down to a dramatic showdown between three private collectors in the final tense moments of bidding. According to Christie’s, the room broke out in applause as the gravel came down and the final number was announced. Named in honour of the connoisseur and previous owner, Sir Philip Oppenheimer, who controlled the Diamond Syndicate in London, the rare rectangular-cut stone is the largest and most expensive Fancy Vivid Blue diamond ever to come to auction. 

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Whether youâ&#x20AC;&#x2122;re looking for an exclusive gift, wanting to add to your special collection or thinking about selling at auction, talk to the team at Fellows to see how we can help you. Fellows is one of the UKâ&#x20AC;&#x2122;s leading auction houses specialising in jewellery, watches and antiques hosting over 100 auctions each year. For more information visit www.fellows.co.uk Saleroom & Head Office | 19 Augusta Street, Birmingham B18 6JA | 0121 212 2131 London Office | 3 Hill Street, London W1J 5LA | 020 7127 4198

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news // auction highlights

IMAGES © ChrIStIES

CURIOUSER AND CURIOUSER An extremely rare first-edition of Lewis Caroll’s Alice’s Adventures in Wonderland has been offered at Christie’s New York. One of only 22 known copies in existence, the book is one of the most famous works in children’s literature and has been a constant source of inspiration for artists, musicians and writers ever since its release. Working with illustrator John Tenniel, the first edition was due to be printed by Macmillan & Co. on 4 July 1865—but Tenniel was ‘entirely dissatisfied with the printing of the pictures’, resulting in Carroll withdrawing the entire print run and requesting advance copies to be returned. Lewis Carroll gave this copy to George Kitchin, a colleague of Carroll’s at Christ Church, and secretary of the schoolbook committee for the University Press. Kitchin later gave the book to his daughter Alexandra Kitchin, who was one of Carroll’s favourite photographic models. An original photograph of her taken by Lewis Carroll accompanies the book. She sold the copy at auction in 1925 but sadly died on the day of the sale. Pre-estimates for the 1865 red-cloth bound volume were between $2-3 million, but the edition failed to meet its reserve at auction. Christie’s public relations representative Jennifer Cuminale said that ‘though the book did not sell, there was much global bidding and spirited interest.’ 

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auction highlights // news

BANKSY’S VAN

IMAGES © BonhAMS

A van once used by SWAT teams and spray painted by the world’s best known street artist, Banksy, has sold at auction for £218,500 at Bonhams, London in June 2016. On one side of the van Bansky has spray-painted heavily armed Special Forces being duped by a small boy, and on the other side, Dorothy from the Wizard of Oz is set amongst tag-style graffiti. The back of the van reads ‘How’s My Bombing? Call 1-800-648-0403.’ Banksy’s definitive response to fear and tyranny is laughter and in this case, the still anonymous Banksy toys with his anti-establishment persona. Ralph Taylor, senior director of Bonhams’ postwar and contemporary art department, said the van is ‘probably the most significant piece by the artist to ever come to auction and without a doubt the most ambitious. This is a complete one-off… it is on the complete frozen limit of unusualness.’ The van was first shown at Banksy’s breakout and headline-making U.S. exhibition, Barely Legal, in Los Angeles 10 years ago and hasn’t been displayed since. 

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news // auction highlights

Treasures Our series highlights a single item of artistry or craftsmanship that is both rare and exquisite

retired French archaeologist and art collector spotted a copperplate engraving by German Renaissance artist Albrecht Dürer at a flea market. Düher was a leading theorist and one of the most important figures of the Northern Renaissance, renowned for his woodcuts, engravings and paintings. The engraving, Maria Crowned by an Angel, was made in 1520 and had been missing since the end of the Second World War. Previously belonging to a former deputy mayor of the city, the stallholder obtained it from a local house clearance and sold it at a bric-a-brac stall at a flea market in Sarrebourg, a small city in northeastern France close to the German border. After purchasing the rare 500-year old engraving for just a few euros at the market, the art collector anonymously donated the work to Staatsgalerie art museum after discovering the Staatsgalerie’s stamp on the piece. The museum has not yet decided how to display it—Anette Frankenberger, an expert at the museum, said ‘we have to find the right setting to present it in.’ •

IMAGES © HErItAGE AuctIonS, HA.coM; StAAtGAlErIE Art MuSEuM

U GOT THE LOOK An instrument as unique and innovative as the artist (formerly known as) who played it, Prince’s personally owned and played Yellow Cloud electric guitar has been offered at Heritage Auctions’ Entertainment & Music Memorabilia auction in Beverly Hills. The guitar, shaped in the unique style that Prince made famous, was used for his hours-long concerts and used during performances of songs such as Gett Off and Cream. The instrument features a serial number and is accompanied by a letter of authenticity from Prince’s guitar technician Zeke Clark, who noted the guitar’s neck was broken in France in 1994, and was later repaired. With a starting price of $30,000, the instrument sold for $137,500 and was purchased by Indianapolis Colts owner and avid music memorabilia collector, Jim Irsay, who has spent millions of dollars collecting an array of historic instruments including Ringo Starr’s 1963 Ludwig Oyster Black Pearl three-piece drum kit for $2.2 million and Bob Dylan’s 1965 Newport Folk Festival guitar. He told Rolling Stones magazine he feels he is a curator of history, and plans to ‘pass this thing on as time goes along.’ 

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26/08/2016 10:57

COLLECTIONS // CLASSIC CARS

Behind the wheel By Hannah Guinness

ecords were set at RM Sotheby’s flagship sale at the Pebble Beach Concours d’Elegance weekend in Monterey, California, on 19-20 August. An impressive $117,925,000 was made at the auction, which saw a prestigious selection of fresh-to-the-market, blue-chip automobiles reach extravagantly high prices. 21 vehicles of the 100 presented at auction achieved multi million-dollar amounts, with three cars achieving eight-figures. ‘The depth of interest and enthusiasm for quality automobiles and the collector car hobby as a whole, remains at an all-time high,’ said Ian Kelleher, managing director of RM Sotheby’s West Coast Division. ‘Both of our sale sessions attracted

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standing room only audiences, complemented by high volumes of telephone bidders. As our results show, collectors remain willing to pay a premium for exceptional vehicles, specifically those exhibiting fantastic restorations, those offered fresh-to-themarket, and those presenting “once in a generation” ownership opportunities.’ Highlights during the weekend included the sale of the 1956 Le Mans-winning Jaguar D-Type, XKD 501, which was the subject of an intense bidding war between four collectors. It eventually sold for $21.78 million, which not only ranked the car as the most valuable vehicle sold during the auction, but also marks a world record price for any British car sold at auction. Another highly

IMAGES courtESy of rM SothEby’S: © DArIn SchnAbEl; PAtrIck ErnzEn

From record-breaking sales to highlights in the auction calendar, we chart the latest developments in the world of luxury and classic motors

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CLASSIC CARS // COLLECTIONS

anticipated sale was for an American classic, the CSX 2000, the first ever Shelby Cobra, which sold for $13.75 million—a new benchmark for an American car at auction. This autumn, two auctions in the U.K. will see several highly desirable Aston Martin models come under the hammer. Bonhams’ Goodwood Revival sale on 10 September in Chichester will see the sale of a historic racing car, the ‘Red Dragon’ Aston Martin Speed Model. The automobile has enjoyed an illustrious competitive history that included the RAC Tourist Tropy in Ulster, the Le Mans 24-hour race and the Italian Mille Miglia. ‘This is an incredibly historic Aston Martin,’ said Tim Schofield, Bonhams’ U.K. motoring director. ‘Having competed in so many of the most renowned great sports car races of the 1930s and 1940s, it is regarded as the ultimate “Ulster” Aston Martin and its provenance, including Dick Seaman, Eddie Hertzberger and Dudley Folland, is impeccable.’ More Aston Martin magic can be found at RM Sotheby’s annual London sale at Battersea Evolution on 7 September, which will feature a trio of original low mileage Aston Martin

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Above: 1955 Jaguar D-Type (CHASSIS NO. XKD 501), sold for $21,780,000. Facing Page: 1962 Shelby 260 Cobra “CSX 2000” (CHASSIS NO. CSX 2000), sold for $13,750,000.

DB4s. These include a rare, highly desirable DB4GT, a lateproduction DB4 Series V Convertible and a three-owner-from-new DB4 Series II Coupé. Together, the three vehicles will showcase more than 60 years of Aston Martin production. ‘The Aston Martin DB4 paved the way for the iconic silhouette of the classic post-war Aston Martins that we know and love today,’ said Peter Wallman, managing director of RM Sotheby’s Europe. ‘The trio of DB4s we have gathered for our London sale are all exemplary examples and will no doubt attract the attention of serious Aston Martin collectors.’•

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PRE V

Auto e Moto d’Epoca the leading European car and motorbike marketplace. International trade fair in Italy for vintage car and motorbike enthusiats and collectors.

IEW

20-21-22-23 October 2016 Padua Italy

Make your dreams come true. Auto e Moto d’Epoca is the most important vintage car market in Europe with over 4000 cars on sale and more than 600 dealers with all parts for vintage cars. NEW!

New sector dedicated to Historic Motorbikes. GALLERIA PANANTI AUCTION HOUSE in collaboration with AUTO E MOTO D’EPOCA presents the prestigious auction of historic cars

SATURDAY, 22 OCTOBER 2016

Buy your ticket on-line on www.autoemotodepoca.com

Organization Office: Intermeeting Srl Tel. 0039.049.7386856 - Fax 0039.049.9819826

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03/08/2016 11:10

ClassiC Cars // ColleCtions

Temples

to Speed

IMAGES © DAIMlEr AG

Slick, modern and beautifully constructed, the world’s major car museums are often as striking as the machines inside them

Above: Mercedes-Benz Museum

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ColleCtions // ClassiC Cars

f any one object is synonymous with the modern age, it’s the automobile. Symbols of power, dynamism and speed, they’ve become representative of many concepts, from personal freedom to social status, as well as potent cultural icons of style and attitude. There are numerous museums you can visit that explore the rich, complicated history of the motorcar, and many of them look as aesthetically pleasing as the cars inside them. Subtlety was not what architects Kohn Pederson Fox had in mind when they redesigned the façade of the Petersen Automotive Museum in Los Angeles, and anyone walking past the busy corner of Fairfax Avenue and Wilshire Boulevard will not fail to spot this striking architectural statement. A red box-like structure encased in a cage of fluid, undulating steel lines that mimic the movement and form of a car, it has divided critics since it was first unveiled in 2015. The museum, founded in 1994, aims to explore the history of the automobile and its impact on American life. To do this, they’ve devoted three floors and 28 galleries to a collection that includes gems such as a 1971 DeTomaso Pantera riddled with bullet holes fired by its former owner, Elvis Presley, and a Ferrari 308 GTS driven by Tom Selleck in Magnum, P.I.

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On the eastern fringes of France in the provincial town of Mulhouse, the Cité de l’Automobile is a hidden gem that’s well worth a visit. Approached via a footpath across a canal, the impressive entrance, designed by Studio Milou in 2006, is a vision of glass, wood and steel, with an arresting display of suspended cars and animals hanging vertically alongside the door. The museum is a Bugatti lover’s dream thanks to the Cité’s founders, the Schlumpf brothers, who amassed 122 of them alongside other rare and sought after vehicles that include a fascinating collection of early motorcars. In contrast to the slick modernity of many automobile museums stands the delightfully quirky edifice of the Louwman Museum in the Netherlands. Architect Michael Graves & Associates created a traditional building for the oldest private collection of automobiles in the world, with dormer windows, peaked roofs and basket weave-patterned brickwork. Inside, discover a collection of 250 vehicles from the first patented motor car, built by Karl Benz in 1886, to James Bond’s original 1964 Aston Martin DB5, machine guns and all. Architectural statements don’t get bolder than the curiously graceful monolith of Stuttgart’s Porsche Museum, which appears

Above: The newly revamped Petersen Automotive Museum in Los Angeles

Facing Page Above: The Porsche Museum in Stuttgart

Facing Page Below: The ‘Lightweight’ exhibition room at the BMW Museum

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ClassiC Cars // ColleCtions

IMAGES © PEtErSEn AutoMotIvE MuSEuM; © BMW AG; © rolAnd HAlBE

to ‘float’ above the ground, thanks to a clever support system of just three V-shaped columns. Designed by Vienna’s Delugan Meissl, the building looks different from every angle thanks to its polygonal form and the variations in structure and windows. Inside, you’ll find around 80 vehicles that chart the history of Porsche, from its early days right through to 2016. The futuristic structure of the awardwinning Mercedes-Benz Museum, also in Stuttgart, is based on a double helix—a complex, continuously flowing design that has no closed rooms or straight walls, just loops turning endlessly back into themselves. Routes through the building intertwine on nine different levels, documenting the storied history of the motorcar. Finally, the BMW Museum saw studio ATELIER BRÜCKNER integrate a new design into the existing structures of the BMW headquarters in Munich—renovating the seventies-built ‘Museum Bowl’ and adding 4,000 square metres of sleek exhibition space. The new museum now has plenty of room to chart the century-long history of the brand, showcasing everything from motorcycles to aircraft engines. 

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MALTA CITIZENSHIP BY INVESTMENT PROGRAMME cclex.com/citizenship

WHAT DOES THE MALTA CITIZENSHIP BY INVESTMENT PROGRAMME OFFER?

ARE THERE ANY ELIGIBILITY CRITERIA FOR MALTA CITIZENSHIP BY INVESTMENT

The Malta Citizenship by Investment programme or Individual Investor Programme offers citizenship of Malta after a thorough due diligence process and one year of sustained connections with the country,

To qualify under the regulations, a Main Applicant for Malta Citizenship by Investment must be at least 18 years of age and must meet the requirements outlined herein. The main applicant may also add dependents to a citizenship application his/her spouse, children and parents or grandparents, under certain conditions, to benefit under the Malta Citizenship by Investment Programme. Beneficiaries under the Global Residence Programme may also additionally apply for citizenship under this Programme.

WHAT IS THE ‘RESIDENCY’ TEST AND WHAT DOES IT ENCOMPASS? This ‘residency’ test is less uncertain than one might think. The ‘genuine link’ test finds its origins in case law of the European Court of Justice and expects an applicant to demonstrate a real connection with the jurisdiction over a period of at least one year falling short of specifying a minimum requisite day count, as long as evidence of the connection with Malta is compiled by the agent.

ARE THERE ANY RISKS? In my experience handling applications from beginning to approval, the Identity Malta Agency grants prior approval of proposals submitted by approved citizenship agents laying down the various connections that the applicant proposes to put in place to demonstrate his/her genuine connection with Malta. This entirely eliminates the risk of an applicant discovering he has failed to comply after the year has passed, losing more time. And this in line with Malta’s tradition of legal certainty and reliability.

WHAT IS THE PROCESS LIKE? November 2014 saw the first applicants (clients of Chetcuti Cauchi) emerge from the first cycle of applications as approved applicants. It is only at this stage that the significant investment needs to be made and not before. This further eliminates the perceived risk and allows the applicant to invest with the comfort of a final ‘in principle’ approval in hand. On making the contribution to the Malta Social & Economic Development Fund (€650k) and investments in Government bonds (€150k) and renting / buying property in Malta (€16k p.a. / €350k), applicants are entitled to receive their Maltese passport within their entitlement period. This period is of 6 months from citizenship application date for applicants who have been resident in Malta already a year to date. Others need to wait for the passing of this one year in compliance with their pre-approved residence criteria.

Malta Cyprus London Zürich

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‘FIT AND PROPER’ TEST Applicants must show they are in good standing and repute and will undergo a ‘fit and proper’ test. The Government of Malta is committed to the highest standard of due diligence to ensure only deserving and reputable applicants are allowed to proceed for the grant of Maltese citizenship.

GOOD HEALTH Applicants must show they do not suffer from a serious disease that creates a burden on the Maltese health system.

WHAT ARE THE BENEFITS OF MALTESE CITIZENSHIP? At the end, applicants emerge as citizens of an economically sustainable, politically stable Island of Malta, enjoying the full benefits of European Union citizenship and the identity of a culturally rich and diverse nation. The Maltese passport is dubbed ‘one of the most powerful passports in the world’, enjoying over 160 visa-free destinations for Maltese nationals, including the UK, US and Canada. It is also a very efficient process, since the citizenship application is approved after just 4 months of processing. You will also receive fast track residence cards within 1-3 weeks with Schengen mobility for 18 months and a total of 12 months to passport issue (inclusive of processing time) from date of initial residency. Family eligibility includes parents of main applicant and spouse, minor children, unmarried dependent adult children under 27. Descendants are automatically entitled to citizenship thereafter. Malta is a neutral, safe and stable country with a friendly people living a European lifestyle but with a Mediterranean quality of life.

CONTACT: Dr Jean-Philippe Chetcuti Managing Partner, jpc@cclex.com

22/09/2015 14:52

Culture // Art Investment

The Wise Investor The art market can be opaque and volatile, making investment an uncertain venture. Here, we detail some of the common mistakes to avoid

Images Courtesy of sothebyâ&#x20AC;&#x2122;s

By Hannah Guinness

Above: Andy Warhol Marilyn Monroe Screenprint in colours, 1967, signed and dated in pencil verso, stamp-numbered 20/250 verso, on wove paper, Prints & Multiples at Sothebyâ&#x20AC;&#x2122;s London on 27 September 2016.

www.artsandcollections.com

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Art Investment // Culture

n its 2016 annual report, the European Fine Art Foundation (TEFAF) confirmed that the international art market has stuttered—contracting by seven percent in what is its first downturn since 2011. This news, however, is not necessarily an occasion for doom-laden predictions. Regular, cyclical contractions in the art market are natural (and arguably necessary), and the recent string of boom years, with their accelerated growth, would not have been sustainable. There are also signs of positivity: the U.S. art market has surged, growing by four percent, putting it in a dominant position in the international art market. Furthermore, China’s dramatic shrinkage (its market contracted by 23 percent last year) made the U.K. the second biggest art market centre in 2015.

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Thanks to some record-breaking sales last year (such as Picasso’s Women of Algiers, which sold for a stupendous $179 million at a Christie’s auction in New York), the high-end part of the market has risen by 19 percent and as a sector, modern art outperformed everything else, only falling by one percent in overall value. It’s also worth noting that the online market has expanded, growing by seven percent during 2015. While it’s reasonable to conclude that the art market is no longer booming, there are still profits to be made for the canny investor—as long as you keep in mind the following. Failing to do your homework on the piece you’re buying could result in a foolish investment, which is why meticulous

Above: Anish Kapoor, Untitled, 2001 (est. £10,000-15,000), Contemporary Curated at Sotheby’s London on 20 September 2016.

www.artsandcollections.com

26/08/2016 11:10

Images Courtesy of sotheby’s

Culture // Art Investment

Sam Francis, Untitled, 1977 (est. £25,000-35,000), Contemporary Curated at Sotheby’s London on 20 September 2016.

www.artsandcollections.com

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Art Investment // Culture

research is key. Start by investigating the artist’s life and background. Awards, education, large exhibitions and major collectors can all be indicators of a piece’s long-term value. Be sure to research the sale price of comparable works—reputable art advisors can help with this, as well as steering you away from dubious ‘bargains’. Establishing provenance and authenticity is crucial. This isn’t difficult to prove if the artist is alive, but if the artist is deceased you may find this a challenge. Make sure you see proof of authenticity well before any money changes hands. The same can be said of appraisals—an expert should appraise your piece so you can firmly establish its worth before committing to a purchase. Think carefully about where you want to source your artwork: whether it’s a dealer, broker, gallery or auction house, they need to have a good reputation. Opting for a quick deal is unwise. Buying a piece and selling it a year later for a large profit may seem lucrative, but that profit can quickly be eaten up by sales commissions from auction houses, as well as the maintenance costs involved in owning an artwork—such as storage, insurance and framing. It’s more prudent to allow an artwork to gradually appreciate in value so that these costs don’t eat away at most of your profits. Avoiding hype is crucial when it comes to investing in art. Purchasing artwork before an artist is ‘discovered’ in the hope that you can sell it for a profit once they reach success is a risk, and one that rarely reaches fruition. Some art experts would argue that when it comes to investing in art it’s important that you don’t view the piece as an investment—however illogical that sounds. Any piece you buy could in theory appreciate in value, but the art market as a whole is notoriously fickle and unstable, and many sales happen behind closed doors so prices aren’t recorded. Fashion can also dictate what does increase in value—different styles, artists and mediums can rapidly swing in and out of vogue, meaning that what you buy one year may be out of favour the next. Only buy art that you truly love, because you may be stuck with it permanently. •

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Above: Eddie Peake, Tomboy 1, 2012 (est. £10,000-15,000), Contemporary Curated at Sotheby’s London on 20 September 2016.

www.artsandcollections.com

26/08/2016 11:10

Culture // Art Investment

Above: Olafur Eliasson, Who Is Afraid Flower Ball, 2006 (£40,000 – 60,000), Contemporary Curated at Sotheby’s London on 20 September 2016.

www.artsandcollections.com

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26/08/2016 11:10

Magic in the Mountains

3780 Gstaad - Switzerland Phone: +41 33 748 50 00 - Fax: +41 33 748 50 01 info@palace.ch - www.palace.ch

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30/06/2016 09:13

arT // Tourism

Go Swiss

Explore all that Switzerland has to offerâ&#x20AC;&#x201D;art and culture, charming cities, spectacular hiking and picturesque mountains By Samantha Coles

St-Saphorin, the picturesque village on Lake Geneva in Canton Vaud. View towards southeast into the Rhone Valley.

www.artsandcollections.com

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Tourism // arT

witzerland’s mountainous terrain, inviting lakes, historic villages and of course the high peaks of the Alps make it a desirable destination for tourists, hikers and skiers. Renowned for a number of quaint and coveted stereotypes (cheese, chocolate and clocks), we explore a selection of the delights Switzerland has to offer.

TO dO: LAke GenevA Stretching between the French-speaking canton of Vaud (to the north) and France (to the south), Lake Geneva (or Lac Leman to French speakers) is Western Europe’s biggest lake. Lined by the elegant city of Lausanne and a plethora of pretty, smaller towns, the Swiss side of the lake presents the marvellous emerald spectacle of tightly ranked vineyards spreading in terraces up the steep hillsides of the Lavaux area. By the water’s edge, the lakeside is laced with fairy-tale style chateaux, luxurious manor houses and modest beaches. The lake also offers spectacular views of the Alpes Vaudoises (Vaud Alps)—home to hikers in spring and summer, and skiers in the winter. TO eAT: krOnenhALLe, zurich Since opening in 1924, the Kronenhalle in Zurich has been a favourite haunt of artists, writers and designers and has Above: The Tamina Gorge, where physician Paracelsus documented the healing powers of the spring water in the 16th century.

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IMAGES © SwItzErlAnd tourISM; © GrAnd rESort BAd rAGAz AG; kronEnhAllE

TO STAY: GrAnd reSOrT BAd rAGAz Set deep within the picturesque mountain landscape of the Heidiland region, the Grand Resort Bad Ragaz provides sumptuous elegance and surpasses expectations of even the most discerning guests. In addition to the extensive spa facilities, golf course and delectable dining options, the resort is just four miles from the famous Tamina Gorge where physician and alchemist Paracelsus documented the healing powers of the Bad Ragaz spring water in the 16th century due to its low mineral content and temperature of 36.5 degrees (body temperature).

www.artsandcollections.com

26/08/2016 11:14

Tradition meets Innovation

Zbären Kreativküchen AG Bahnhofstrasse 26 . CH-3777 Saanenmöser . Telephone +41 33 744 33 77 design@zbaeren.ch . www.zbaeren.ch Official Dealer

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Saanenmöser . Gstaad . Lenk

Official Dealer

03/08/2016 14:12

54 rue Taitbout, 75009 Paris / TĂŠl. : +33 (0) 1 48 78 71 51 info@safransdumonde.com / www.safransdumonde.com

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arT // Tourism

Above: Kronenhalle restaurant, Zurich, where the wood panelled walls are lined with works from Picasso, Chagall and Miró. Right: Aerial view of the Grand Resort Bad Ragaz.

welcomed a number of famous guests— Coco Chanel, Yves Saint Laurent, Pablo Picasso, Alberto Giacometti, James Joyce, Richard Strauss, Max Frisch and Friedrich Dürrenmatt, to name a few. The restaurant itself is centuries old, and is the perfect place for art lovers (especially those interested in 19th century art) as the wood-panelled walls are lined with works from Picasso, Chagall and Miró—it was common for artists to pay with their work. French-inspired dishes and classics like ‘Zürcher Geschnetzeltes’ (sliced veal in gravy) are served in stylish surroundings and a unique atmosphere.

www.artsandcollections.com

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26/08/2016 14:15

Tourism // arT

TO VISIT: MuSeuM Of fIne ArTS, Bern A building as historic as the works contained within, The Museum of Fine Arts Bern is the oldest art museum with a permanent collection in Switzerland. Established in 1879 in Switzerland’s capital, its holdings run from the Middle Ages to the present, and houses works by Pablo Picasso, Paul Klee, Ferdinand Hodler and Meret Oppenheim. The museum is currently home to over 3,000 paintings and sculptures as well as 48,000 drawings, prints, photographs, videos and films—and the collection is constantly growing. TO See: CAThédrAle de nOTre dAMe, lAuSAnne Lausanne’s Gothic cathedral stands proudly in the heart of the Old Town. Raised in the 12th and 13th centuries on the site of earlier, simpler churches, it lacks the lightness of French Gothic buildings but is extraordinary nonetheless. Pope Gregory X, in the presence of Rudolph of Habsburg (the Holy Roman Emperor) and an impressive following of European cardinals and bishops, consecrated the church in 1275. Although repaired in places (notably the main facade, which was added to the original to protect the interior against savage winds), the cathedral remains largely as it was due to constant conservation work. The most prominent element is the intricate entrance on the south flank of the church— unusual for Christian churches. The painted statuary illustrates Christ in grandeur, the coronation of the Virgin Mary, the Apostles and other Biblical scenes. Free 40-minute guided tours run July through September. •

Above: The Museum of Fine Arts Bern is the oldest art museum with a permanent collection in Switzerland.

Below: Morning mood in the vineyards of Rivaz, overlooking the upper part of Lake Geneva. Images courtesy of Switzerland Tourism.

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www.artsandcollections.com

26/08/2016 11:14

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Culture // ColleCtions

Fun of the Fair

IMAGES CourtESy of GAlErIE MArtIn JAndA

In recent years, art fairs have exploded in popularity across the globe. Here, we detail some of the best ones to visit By Hannah Guinness

Above: Roman Signer, Installation III Utrecht, 1982 Shown at Artissima.

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www.artsandcollections.com

26/08/2016 11:08

ColleCtions // Culture

or the serious collector, art fairs represent one of the best ways to discover new talent and trends, as well as explore a variety of genres and styles under one roof.

Art BAsel

First founded by three Basel gallerists in 1970, Art Basel has become a major fixture in the international art calendar. 2016’s event was one of the most successful in the fair’s history, with over 280 galleries showcasing the work of over 4,000 artists. You’ll find high profile (and high priced) 20th and 21st century artworks here, covering every genre from paintings to live performance. Art Basel’s sister fairs in Hong Kong and Miami are also must-visit events in the art world—with A-list celebrities such as Leonardo DiCaprio, Beyoncé and Jay-Z flocking to the latter. Art Basel Miami Beach, 1-4 December 2016 Art Basel Hong Kong, 23-25 March 2017 Art Basel, 15-18 June 2017 artbasel.com

www.artsandcollections.com

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Frieze london More of a festival than a fair, Frieze London has become a leading star of the capital’s art calendar, where visitors can view and buy art from over 1,000 contemporary artists, established and emerging. It was established in 2003 by Frieze magazine founders Amanda Sharp, Matthew Slotover and Tom Gidley, who later launched Frieze New York and Frieze Masters in 2012. It’s one of the few fairs to focus solely on contemporary art and living artists, and is known for its emphasis on innovative practice thanks to initiatives such as Frieze Projects, the much praised programme of new artist’s commissions. This year’s event will take over Regent’s Park and will see work from 160 different galleries. Sister fair Frieze Masters, which focuses on older art, is happening at the same time, just on the other side of the park. Frieze London, 6-9 October 2016 Frieze New York, 5-7 May 2017 frieze.com

Above: Viewers at Galerie Urs Meile, Art Basel

FiAC Paris is renowned for its museums, which makes it a fitting location for the Fiore Internationale d’Art Contemporain (FIAC). Taking place in an array of opulent settings, from the Belle Époque glamour of the Grand Palais to the Tuileries, it’s a hub for work from modern and contemporary art galleries. First established in 1974, FIAC also encompasses a week’s worth of artistic and cultural offerings—from talks to films—hosted in some of Paris’s most prestigious cultural institutions. It’s also a place to find affordable art: pieces valued at less than €100 make up half of the sales at the Grand Palais. FIAC, 20-23 October; fiac.com

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Culture // ColleCtions

Above: A visitor examines a work at Ben Brown Fine Arts, TEFAF 2016.

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www.artsandcollections.com

26/08/2016 11:08

ColleCtions // Culture

NADA The hipster’s art fair of choice and a haven for collectors, curators and critics looking for rising talent. Run by the not-for-profit New Art Dealers Alliance (NADA), the first fair started in Miami in 2003 but has since branched out to New York. While it’s a place to survey the newest and most exciting offerings from emerging artists, it’s also known for a more friendly, casual atmosphere—last year’s New York fair featured a basketball tournament. NADA Miami Beach, 1-4 December 2016 NADA New York, 5-7 May 2017 newartdealers.org

ArtissimA Showcasing 194 galleries from 35 countries, with over 2,000 art works on display and an impressive 52,000 visitors in 2015—Turin’s Artissima is one of the more cosmopolitan events on the art fair circuit. Founded in 1994, it focuses on contemporary art, devoted to both emerging artists and rediscovering forgotten gems. Its setting, in the huge, modern edifice of the Oval, the glass pavilion built for the 2006 Winter Olympics in Turin, is a fitting location for an art fair that prizes innovation and experimentation. Artissima, 4-6 November 2016; artissima.it

tEFAF mAAstricht

Above: Crouch Rare Books at TEFAF 2016. IMAGES PlAStIquES PhotoGrAPhy; lorAInE BodEwES

While perhaps not as hip as some of its European contemporary art counterparts, TEFAF (The European Fine Art Fair), first established in 1988, is widely regarded as one of the world’s major fairs for art and antiques. What particularly distinguishes this fair is a highly selective vetting committee, which rigorously verifies every single artwork presented at the fair. Originally focusing on antiques and Old Masters, in the last three decades TEFAF has broadened its scope to include every category of art and antiques, from postwar art to fine jewellery, and recently expanded to spring and autumn fairs in New York.

Below: Thea Djordjadze, Frieze Projects 2015, Frieze London 2015.

TEFAF New York Fall, 21-26 October 2016 TEFAF Maastricht, 10-19 March, 2017 TEFAF New York Spring, 4-9 May 2017 tefaf.com 

www.artsandcollections.com

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26/08/2016 11:08

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22/07/2016 12:21

ColleCtions // TRAVEL

All Aboard

IMAGES MonAco YAcht Show

When it comes to spectacle, cutting edge design and luxury, the Monaco Yacht Show is hard to surpass By Hannah Guinness

Above: 40 new yachts will debut at this yearâ&#x20AC;&#x2122;s Monaco Yacht Show

www.artsandcollections.com

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TRAVEL // ColleCtions

n the rarified world of luxury yachts, the Monaco Yacht Show, this year running from 28 September to 1 October, is a must-visit event, both for its glamorous setting in the iconic Port Hercules in Monaco as well as for the huge numbers of yachts you can view, admire and buy. It’s a place where both amateur enthusiasts and industry figures can discover the latest trends in naval architecture, technological advances and the newest gadgets and accessories, in a reflection of a high-powered industry that, perhaps more than any other, is driven by the potent purchasing power of its wealthy clientele. Some 34,000 participants from around the world will take part in this year’s Monaco Yacht Show, with 40 new yachts set to debut in their world premier. Throughout

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the entire event you can expect to see 125 super yachts, 104 motor yachts and 17 sailing yachts on show, collectively valued at an astonishing €3 billion. This year, 400 VIP guests are flocking to the show’s opening gala on 27 September, where the third edition of the Monaco Yacht Show Awards will take place. There will also be the highly exclusive Monaco Yacht Summit, where an audience of 50 will gather to take part in thematic workshops that discuss today’s super yacht. Finally, as well as an exhibition space that occupies an area totalling 20,000 square metres in size, 2016’s show will also see the unveiling of a new exhibition space, the Car Deck, dedicated to a carefully curated selection of luxury vehicles that will be available for test drives and purchasing. monacoyachtshow.com 

Above: The yachts displayed at the Monaco Yacht Show are collectively valued at €3 billion

www.artsandcollections.com

26/08/2016 11:16

PROMOTIONAL FEATURE

A secluded

Moroccan villa for families and friends seeking natural beauty and total relaxation

here are few places in the world with a setting as magical as Oualidia (pronounced Wa-li-dee-ya). Located on the Atlantic coast of Morocco the village overlooks a sheltered tidal lagoon created by a breach in the cliffs. At one end of the lagoon is a ruined royal palace and soft sandy beaches. At the other, the lagoon winds past oyster farms, wetlands and bird habitats. For over 10 years La Diouana has been the place to stay in Oualidia. Centrally located on a clifftop, with some of the best views in Oualidia, La Diouana combines modern comfort with traditional Moroccan style. There are five ensuite bedrooms, a fullyequipped kitchen, a sitting room and library with 100s of books and DVDs. The villa is surrounded by a 25,000 sq ft walled garden planted with pine,

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palm trees, eucalyptus, bougainvillea and hibiscus. Oualidia is three hours from Marrakech and two from Casablanca. We can organise airport transfers, excursions to nearby towns and water sports on the lagoon. Whether you choose to surf, walk the clifftops or simply gaze at the views enjoying local seafood prepared by our cook, La Diouana is the perfect retreat from the stresses of modern life. Prices start at €2,000 per week for up to 10 people.

A magical staffed property with lush gardens – The Financial Times Top 10 Family Villa – Huffington Post

www.ladiouana.com

12/08/2016 10:37

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05/08/2016 09:23

ANTIQUES // COLLECTIONS

Up In Arms The lure of owning a rare piece of history is surely a prevailing factor when it comes to antique arms and armour

Images: courtesy of thomas del mar ltd. ; sotheby’s london

By Gemma Scott

Above: The property of a European Nobleman, by direct descent from the Grand Duke of Baden. Sold at Thomas Del Mar auctions in association with Sotheby’s for £36,000.

www.artsandcollections.com

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COLLECTIONS // ANTIQUES

ntique arms and armour span a wide field—from ancient times to modern conflicts, with weapons ranging from swords and clubs to firearms, helmets and shields, and militaria such as medals, uniforms, flags and ephemera. Like all collectable items, the value of antique arms and armour can vary depending on certain factors such as supply, demand and rarity. Certain pieces can attract record-breaking prices at auction—the lure of owning a rare piece of history is surely a prevailing factor. Thomas Del Mar, the largest independent saleroom of antique arms, armour and militaria in London, hold the world auction record for an ancestral collection in this field when arms and armour were sold for £4,764,004. The sale was comprised of works of art from the Royal House of Hanover. The company has been holding biannual sales—Thomas Del Mar Ltd in association with Sotheby’s—ever since its launch in 2005. Thomas Del Mar was formerly head of Sotheby’s Worldwide Department of Arms,

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Armour and Militaria, and continues to work as a consultant on Sotheby’s valuations and collections. Sotheby’s own auctions featuring arms and armour often see the final price exceeding the pre-sale estimate, as proven by various items in the recent Arts of the Islamic World auction, April 2016. A rare Mughal jade-hilted horse head dagger with flaming pearls had a pre-sale estimate of £60,000 – £80,000, but the final hammer price was £118,750. The intricate object features a curved doubleedged watered-steel blade with central ridge and chiseling at the forte, with a hilt of pale green stone with grey inclusions. The pommel is expressively rendered in the shape of a whinnying horse’s head, with the mane descending to one side and intricately carved cloudbands and flaming pearls along the crip and quillions. The flaming pearl motifs have origins in Chinese iconography, known as one of the ‘Eight Precious Objects’ associated with the dragon who is typically shown in dynamic pursuit of the elusive pearl—the symbol of knowledge, power and

Above [l-r]: Japanese helmet by Saotome Iyechika, Edo period, mid 17th century. The Ottoman sword and scabbard, signed by Ahmed al-Khurasani, Turkey, from the 18th century. Sold for £185,000 at Sotheby’s, April 2016.

good fortune. This symbol is often found in miniature paintings and luxury textiles, but is extremely rare in carved jade. The intricacy of the carving on this jade hilt is a testament to the artistic flare of Indian craftsmen, and the imagination of the Mughal court. Another astonishing sale from the auction was the Ottoman sword and scabbard, signed by Ahmed al-Khurasani, Turkey, from the 18th century. The pre-sale estimate of £30,000 - £50,000 was almost quadrupled— the hammer coming down at £185,000. The exquisitely crafted sword is thought to be of royal commission, and is signed by one of the great master swordsmiths of the time, Ahmad al-Khurasani. The curved wateredsteel blade is decorated on one side with raised gold inscriptions, and the gilt crossguard is incised with the seal of Solomon. •

www.artsandcollections.com

26/08/2016 11:17

PROMOTIONAL FEATURE

FRATELLI PIOTTI Italian fine art gun makers

he Piotti company was founded in 1960 in Gardone Val Trompia (Brescia) by Araldo and Faustino Piotti and today they are renowned throughout the world by connoisseurs of fine firearms. The company are probably the only bespoke gunmaker in the world able to make any type and calibre of modern shotguns and rifle in their own family run company. The second generation of the Piotti family now run the company, and all are involved at the workbench producing fine firearms. They are the sons of Araldo, namely Emanuele, Fabio, Sergio and Rudi, and the third generation son of Emanuele is Luca who is continuing the family tradition. There are 15 craftsmen producing around 50

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bespoke shotguns each year for customers from allover the world, that know they are having the best that money can buy. All of the guns are made from solid pieces of special steel and as far as gunmaking is concerned more handwork goes into a Piotti than most top end guns. Every part is made in house including the locks ,barrels and stocks. The engraving is the only thing which is done by engravers that work independently and are the recognised as the best artists worldwide, Terzi, Pedretti, Contessa to name but a few.

craftsmen as they stand the the bench using hand made tools to shape into the finest of guns in a way that has not changed very much over the last hundred years . It is these days quite a privilege to still be able to see the craftsmanship at first hand as most of the modern guns are produced using machines which are unable to give the guns a soul. To see all this is just one of the many pleasures of having a new Piotti made for you.

Many customers visit the factory to order new guns, see the progress of their new orders. From the first time they visit the factory they are always impressed by been able to see at first hand the passion demonstrated by the

03/08/2016 09:45

ART // COLLECTIONS

Pushing the boundaries An ambitious retrospective at Tate Modern will examine the work of the iconoclastic American artist Robert Rauschenberg

Above: Bed, 1955 Combine painting: oil and pencil on pillow, quilt, and sheet on wood supports Museum of Modern Art, New York Gift of Leo Castelli in honour of Aldred H. Barr, Jr.

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nventive, prolific and daring, Robert Rauschenberg was one of the giants of American art in the second half of the 20th century. Endlessly innovative, he flitted between painting, sculpture, print-making, stage design and performance and was particularly well-known for his imaginative use of materials, creating pieces that interrogated the boundaries between what was and wasn’t art. From 1 December 2016 to 2 April 2017, Tate Modern is staging the first major U.K. exhibition of his work in 35 years, and the first retrospective of the artist since his death in 2008. ‘Rauschenberg saw the experience of art as inseparable from the experience of life and so made work from all sorts of materials—textiles, cardboard boxes, car parts, radios and even stuffed animals,’ commented the show’s curator and director of exhibitions Achim Borchardt-Hume. ‘Rauschenberg exploded the myth of the artist working isolated in the studio and revelled in making connections between the stuff of the world and the materials and strategies traditionally associated with “high art.” He blazed a new trail for art in the second half of the 20th century and became a beacon for other artists for generations to come.’ The exhibition will chart Rauschenberg’s storied six-decade career, starting with his early

experiments at Black Mountain College in the late 1940s and early 1950s, where he mingled with the likes of John Cage, Merce Cunningham, Jasper Johns, David Tudor, Cy Twombly and Susan Weil. Rauschenberg’s work with Experiments with Art and Technology (E.A.T) in the 1960s, an organisation he created to encourage partnerships between artists and engineers, will also be explored. In the early 1970s Rauschenberg moved his studio to Captiva in Florida, a base from which he began to travel extensively to the Americas, Europe and Asia. Works such as Cardboards 1971-2, an astute examination of globalisation, and fabric-based works such as The Jammers 19756 will reflect the artist’s ability to creatively utilise unusual materials. Rauschenberg’s huge travelling exhibition, Rauschenberg Oversea Culture Interchange, which journeyed through Chile, China, Tibet and Cuba between 1984 and 1991, will also be seen at the show. The retrospective will be populated with major international loans that have rarely travelled before. These include an array of his iconic Combines, hybrids between painting and sculpture, that will include Rauschenberg’s famous Monogram 1966-59: a taxidermy goat stuffed into a rubber car tire. This piece will

Images: The museum of modern arT, new York/scala, florence

By Hannah Guinness

www.artsandcollections.com

26/08/2016 11:17

Images: the museum of moderN art, New yorK/sCala, floreNCe

COLLECTIONS // ART

be travelling to the U.K. for the first time in over half a century. Other notable works include Bed 1955—soiled sheets covered in paint marks—and the artist’s signature silkscreen paintings, including the wellknown Retroactive II 1964 which portrays a recently assassinated John F. Kennedy. Other central themes of the exhibition will include Rauschenberg’s interest in performance and dance as well as his boundary pushing experiments with image-making, printing on materials such as translucent textiles, polished steel and oxidised copper. A collection of modern inkjet paintings, combining images taken at home and on his travels, will reflect how Rauschenberg experimented with the boundaries of art into the 21st century. Robert Rauschenberg has been organised by Tate Modern and the Museum of Modern Art, New York, and is generously sponsored by Arts & Collections International’s media partners, Bank of America Merrill Lynch. ‘We recognise that the arts have an important role to play in society—they help economies to thrive and individuals to connect across cultures. As such, the Bank of America Merrill Lynch Arts and Culture programme is both diverse and global,’ said Emma Baudey, arts and culture manager at Bank of America Merrill Lynch. ‘Our commitment to culture has the chief aim of supporting non-profit arts organisations deliver what they do best— whether it be through our sponsorship of travelling exhibitions, helping to present iconic works of art for the appreciation and learning of large audiences, or via our Art Conservation Project, helping to protect and restore works of cultural significance. ‘This year we are proud to again partner with Tate Modern as global sponsors of the upcoming Rauschenberg exhibition. This major retrospective—which, after London travels to MoMA, New York and the San Francisco Museum of Modern Art—will bring together his iconic pieces and provide a valuable opportunity for the public to view the works of a visionary artist who often broke rules and reinvented ideas.’ •

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Above: Retroactive II, 1963 Oil, silkscreen and ink on canvas Collection Museum of Contemporary Art Chicago, partial gift of Stefan T. Edlis and H. Gael Neeson, 1998.

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ART HISTORY // STYLE & DESIGN

Art for the

modern world Innovative, daring and complex, Art Nouveau gave birth to a new mode of artistic expression By Hannah Guinness

IMAGES: BONHAMS; SHUTTERSTOCK

lourishing between 1890 and 1910, Art Nouveau was a short-lived but highly influential movement that spanned Europe from Glasgow to Vienna, creating an artistic style that had a huge impact on the applied arts and encompassed a wide range of figures, including Antoni Gaudí, Alphonse Mucha, Gustav Klimt, Aubrey Beardsley, René Lalique, Charles Rennie Mackintosh and Louis Comfort Tiffany. Art Nouveau artists sought to abolish hierarchies between different forms of art, placing fine arts such as painting and sculpture on an equal footing with ‘lesser’ decorative disciplines such as furniture and jewellery making. In an effort to break away from the historicism that dominated much of 19th century art and design, Art Nouveau devotees often looked for inspiration in the natural world. Nature, in contrast to the ordered precision of the modern age, was seen as an unstoppable and unruly force, a view reflected in a prolific use of exuberantly vital, heavily stylised natural imagery such as twisting stems and tendrils, flower buds, insects and lush foliage in Art Nouveau pieces, with an emphasis on sinuously curving lines and ‘whiplash’ curves. The female figure was also a common subject within Art Nouveau, with sensual, alluring images of pre-Raphaelite women

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with flowing hair featuring heavily in the work of artists such as Alphonse Mucha. There was also an emphasis on rich materials such as iridescent glass, semiprecious stones, silver and exotic woods and the linear designs of ukiyo-e, Japanese wood block prints, were also very popular. Art Nouveau artists and designers, like their roughly contemporaneous Arts and Crafts cousins, also looked to a preindustrial past for creative inspiration, emphasising fine craftsmanship and traditional techniques, although (unlike Arts and Crafts), Art Nouveau was more willing to embrace mass production. As a movement it fell out of favour after the first decade of the 20th century, giving way to the more geometric, angular shapes of Art Deco, but although short-lived it is today regarded as a key transitional link between the eclectic historical styles of the 19th century and 20th century modernism.

Below: Émile Gallé, Vitrine aux Blés, circa 1905, walnut and marquetry display cabinet, 148cm x 67cm x 43cm, sold for £37,500 at Bonhams.

For the Art Nouveau collector there are distinctive themes and motifs to concentrate on. Colour palettes are relatively muted, with shades such as olive green, brown, mustard and sage frequently paired with violet, purple, lilac and peacock blue. Furniture comes in two distinctive styles—curved pieces with stylised floral motifs or more austere items that place an

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STYLE & DESIGN // ART HISTORY

Above: Alphonse Mucha, Job, 1898, poster advertising cigarette paper.

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ART HISTORY // STYLE & DESIGN

Above: Aubrey Beardsley, Saint John the Baptist and Salome, 1894, illustrated edition from Oscar Wilde’s 1893 play Salome. Below: Émile Gallé, circa 1895, carved mahogany and fruitwood marquetry inlaid poppy hanging cabinet, 89cm x 68.5cm x 25.4cm, sold for $11,875 at Bonhams.

Above: Art Nouveau fruitwood marquetry inlaid chestnut writing table in the manner of Louis Majorelle, circa 1900, 104cm x 119.3cm x 57cm, sold for $3,125 at Bonhams.

emphasis on spare, severe lines, such as Charles Rennie Mackintosh’s high backed, black lacquer chairs. Stained glass panels in wardrobe doors, mirrors and cabinets also feature heavily, and ornaments come principally in silver, glass and pewter. Although Art Nouveau pieces are highly desirable, because they were frequently mass-produced many items hold little intrinsic value—although works by wellknown artists and designers will still fetch extremely high prices. Such pieces include Tiffany lamps, with their distinctive colourful favrile glass shape (they must have a marked pad on the shade) and Emile Galle glassware, which usually comes with a cameo or signature. Glassware by names such as Daum Freres (look for the marking Daum Nancy) are also sought after, as is silverware from the likes of Liberty & Co. Original poster art by artists such as Alphonse Mucha, Jules Cheret and J M Cassandre are also highly desirable, although you will need to closely examine the quality of the paper in order to ensure it’s not a reproduction. A magnifying glass should reveal flat areas of colour in genuine items. •

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INTERIORS // STYLE AND DESIGN

The Earthly Paradise An Arts and Crafts pioneer with a distaste for capitalism and passion for natural beauty continues to inspire over a century later, resulting in quintessentially British collections By Samantha Coles

IMAGE CourtEsy of MorrIs & Co.

hen William Morris died in 1896, aged 62, he would have been undoubtedly contented with his valiant efforts at beautifying the world through his craftsmanship—and commanding a revolution in British design. He couldn’t have predicted that his iconic prints would still be a source of inspiration over a century later. Morris was inspired by nature and keenly focused on the importance of expert British manufacturing—Morris co-founded the interior design business, Morris, Marshall, Faulkner & Company (now Morris & Co.) in 1861 as a rebellion against mass-produced industrial Britain, instead championing the highest standard of craftsmanship. As Morris himself explains, ‘if our houses, or clothes, our household furniture and utensils are not works of art, they are either wretched makeshifts, or, what is worse, degrading shams of better things.’ Morris & Co still exists today, advocating Morris’ innovative vision using original logbooks that provide samples of every wallpaper produced, accompanied by the printer’s hand-written notes on precise colourations. The company produces exquisite fabrics, honouring Morris’ extremely difficult indigo discharge print method, along with decorative home accessories. They also still produce the product that Morris’ name is universally connected to—wallpaper. Morris began designing wallpapers in 1860, with the first design (issued in 1864) thought to be inspired by the rose-trellis in the garden of his home in Bexleyheath, Kent. His primary inspiration was nature, specifically plants: many of his designs contain floral imagery, capturing both the unpredictability and the symmetry of the natural world. Morris & Co. continues to use the same designs that

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Morris created in the 1860s, albeit with a contemporary twist to give the designs ‘a new lease of life’. 

Archive image courtesy of Morris & Co.

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ColleCtions // fine jewellery

Crown

Jewellers

Above [l-r]: Mappin & Webbâ&#x20AC;&#x2122;s London store celebrate the coronation of King George VI in 1936. The Empress ring, taken from the Empress collectionâ&#x20AC;&#x201D;inspired by a bespoke Mappin & Webb design for the Queen of Siam.

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IMAGES: courtESy of MAppIn & WEbb

Renowned for extraordinary craftsmanship, exquisite materials and contemporary design, Mappin & Webb have received the greatest honour that can be bestowed upon a jeweller By Samantha Coles

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fine jewellery // ColleCtions

Above: Carrington ring from the Carrington collection which pays homage to Mappin & Webb’s first identity and historic past. Left to right: Prima Blue Topaz Round pendant, Prima Blue Topaz Cushion pendant, Blue Topaz Cushion Drop earrings.

teeped in British history, Mappin & Webb hold over two centuries of expertise in producing the distinctive lifestyle accessories that have long been at the core of affluent British society. Mappin & Webb was founded in 1775, when Jonathan Mappin opened a Sheffieldbased silver workshop, with a vision to create exquisitely crafted silverware. The first store was opened in 1860 in Oxford Street, London. During their 240 years of crafting fine jewellery, watches and lifestyle accessories, Mappin & Webb have had an illustrious list of high-profile clientele, including Princess Grace, Queen of France Marie Antoinette, Charles Dickens, Harry Houdini, Kate Middleton and Winston Churchill (Churchill’s pocket watches were serviced by the jewellers, and solid gold ashtrays were produced for his political office).

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In 1904, The Maharaja Raj Rama Bhawaur Singh was so captivated by Mappin & Webb’s exquisite silverware that he commissioned a complete silver bedroom service, including a four-poster bed, tables and chest of drawers—all lavishly decorated with cherubs. Displayed in the window of the Oxford Street boutique, it attracted such a great crowd of inquisitive onlookers that the police requested its removal in the interests of public safety. The jeweller’s distinguished list of customers is epitomised by their relationship with the Monarchy—beginning in the late 19th century and formalised when Her Majesty Queen Victoria first granted a Royal Warrant to Mappin & Webb as Silversmiths, in 1897, the year of Her Majesty’s Diamond Jubilee. Mappin & Webb has held a Royal Warrant as Silversmiths to each of the five subsequent

sovereigns. Today, the brand holds a Royal Warrant as Jewellers, Goldsmiths and Silversmiths to Her Majesty The Queen and as Silversmiths to His Royal Highness The Prince of Wales—the utmost accolade a jeweller can achieve. Staying true to their expert roots, Mappin & Webb have reintroduced the legendary Campaign watch—a century after its first issue. The limited edition watch has remained faithful to the original, and has revived the early 20th century tradition of making watches in silver cases. ‘It was a particularly stylish shape that we found in the archives that was perfect to re-interpret for the modern gentleman,’ explains creative director Elizabeth Galton. ‘We wanted to create a watch that would appeal to the 21st century dandy, with the look of something quintessentially English.’ 

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Life Style Art

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WHERE TO SPEND IT // COLLECTABLES

SPEND IT

Where to

From an art trip across Asia to a digital art inspired bag, our list of the latest luxury goods are a must-have for any collection By Hanaa Foura

jOURNeY THROUGH ASIA’S ART CAPITALS Offer your eyes a window into the artistic world of Asia with this first-class trip, Journey through Asia’s Contemporary Art Capitals. Remote Lands and Peninsula Hotels are teaming up to create an exciting itinerary for 16 individuals to explore Asia whilst feasting your eyes on the world’s art. The two week journey will start in Bangkok and continue to Hong Kong, Shanghai, Beijing and Tokyo—Peninsula hotels will offer beautiful accommodation in each city. The itinery is packed to the brim with opportunities to truly immerse oneself in Asian art with tours of art museums, galleries, private collections and studios of top artists.The trip is due to commence on 19 February - 5 March 2017. Tickets from $26,888 per person.

remotelands.com

ASTON mARTIN bY HACkeTT

dANCe IN jeweLS With the success of their Pas De Deux collection, Boodles are releasing additional pieces to the breathtakingly beautiful collaboration with The Royal Ballet. Their new collection explores the beauty of ballet, where it translates the essence of dance into intricate diamond and platinum designs. Using access to rehearsals and rarely seen archives as inspiration, Hawkins created jewellery that represents the ‘partnership of two’. The collection comprises of over 30 pieces, which are available to purchase online and in store.

In preparation for their DB11 car launch, the two iconic brands have teamed up to create a 14-piece menswear capsule collection. Offering knitwear, outerwear, shirts, trousers and accessories which will be available in-store and online from 5 September 2016, the collection will encompass the style of both brands, being described as ‘innovative, luxurious and the epitome of style’, according to Jeremy Hackett. The collection involves sleek silhouettes and tones to celebrate the launch of the equally stylish Aston Martin DB11. hackett.com

boodles.com

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COLLECTABLES // WHERE TO SPEND IT

Fashion meets Digital Luxury fashion brand Anya Hindmarch has introduced their Pixelate range, part of the Autumn Winter 2016 collection. Pixelate pays homage to the digital world having been inspired by digital art, where they experimented with colour and pixelation in their designs. Pixelate A/W 2016 ‘blends innovative craftsmanship with a dose of humour’, as described by Anya Hindmarch. The Pixelate Bathurst was created by using a technique similar to leather marquetry, and includes a soft suede lining, labelled pockets and a goldtone Bathurst closure.

anyahindmarch.com

the magiC oF mustiQue Eight & Bob’s new perfume, Memoires de Mustique, captures the magical essence of the unique caribbean island of Mustique. Memoires de Mustique was created drawing inspiration from ‘a masterpiece of Albert Fouquet and the reminiscences of Mustique through its crystalline waters, the eternity of its sunsets and its landscapes’. The layered blend of fragrances highlights this with a top note of bergamot, petit grain and neroli, with heart notes of orange blossom, jasmine sambac and osmanthus and a base of amber, precious woods and white musks. Available exclusively at Harvey Nichols.

Crystal Clear Colour Leading crystal glassmakers Waterford continue to create contemporary quality pieces, as highlighted in their latest collection, Jo Sampson Half and Half. The collection exudes luxury and features modern pieces which blend function and beauty. The bold and eclectic collection combines coloured and clear crystals in designs that are both decorative and functional, accentuating its liquid contents as well as allowing collectors to inject colour and create a bright, fresh space in the home.

waterford.co.uk

eightandbob.com

DriVe liKe BonD

Aston Martin’s new DB11 incorporates 007’s DB10 style, featured in the film Spectre and a new twin turbocharged engine—the most powerful engine yet in Aston Martin’s history. The beautifully designed model by Marek Reichman comes in a range of exterior finishes including Lightning Grey and Cinnibar Orange. With interiors that create a beautiful private space, enjoy exhilarating high speeds in comfort with state-of-the-art technology and craftsmanship.

astonmartin.com

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Grand Resort Bad Ragaz ⋅ Switzerland The Leading Wellbeing & Medical Health Resort

Experience a unique environment of healthy wellbeing The Grand Resort Bad Ragaz is located in the eastern part of Switzerland, surrounded by mountains and beautiful nature, just 1 hour‘s drive from Zurich. The resort consists of two five-star hotels, featuring 267 rooms and suites, up to the Presidential Floor with 600m2 and six bedrooms. Guests can choose from not less than seven Restaurants and enjoy two golf courses and an in-house casino. The 36.5° Wellbeing & Thermal Spa with the Resorts own famous thermal water, offers a large variety of treatments from around the world. With a surface of 12‘800m2, the resort’s Spa is one of the largest Spa’s in Europe.

The on-site Medical Health Centre with more than 70 staff members offers a large diversity of Doctors and fields of excellence. Among others, the Centre is specialised in following fields: • Diabetes • Health Check-ups • Dermatology • Rehabilitation

• Weight Loss • Detox • Dental Health • Sports Medicine

Newly, the Resort features within its compound the “Clinic Bad Ragaz”, a top luxury private Clinic for rehabilitation with 5-star services and facilities.

Tel. +41 (0)81 303 30 30 www.resortragaz.ch/medicalhealth

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