The auction included artworks of Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat, as well as other artists. The sale totaled $495 million.
The auction established record world records in auctions including nine auctions selling at more than $10 million (PS6.6m) as well as 23 fetching more than $5 million (PS3.2m). Christie’s stated that the record-breaking sales were a sign of “a new era in the art market”.
The highest-priced item in the auction on Wednesday was Pollock’s drip-painting #1948 that sold for $58.4m (PS38.3m) almost twice the price it was expected to fetch.
Lightenstein’s Woman with Flowered Hat sold for $56.1 million. Another Basquiat piece, Dustheads (top of article) was sold for $48.8 million.
The three works all set the highest prices ever achieved by the artists during auctions. Christie’s described the auction’s total of $495,021,500 that included commissions to be “staggering”. The auction was a success, with only four out of lots offered were sold.
Additionally the painting created by Gerhard Richter has set a record-breaking record for the highest auction value achieved by an artist living today. Richter’s photo-painting Domplatz, Mailand.
Sotheby’s classified Domplatz, Mailand, which shows a cityscape that has been painted in a manner that resembles blurred images it as it is a “masterpiece of 20th Century art” and as the “epitome” of the artist’s 1960s photographic canon. Don Bryant, founder of the Bryant Family Vineyard and the painting’s current owner, told Sotheby’s that the painting “just knocks me over”.
Brett Gorvy, head of contemporary and postwar art Brett Gorvy, head of post-war and contemporary art “The remarkable bidding and record prices set reflect a new era in the art market,” Gorvy stated. Steven Murphy, CEO of Christie’s International, said new collectors were driving the growth.
When I read this article, I was amazed at the amount of money these artifacts were able to fetch. A few of them will not provoke a positive emotional reaction to me, while some may be a little but for the vast majority of them, I don’t know how the prices evident in the artwork, and in turn, vice versa. It is evident that these paintings were not designed for me as or an artist. However, wealthy patrons can certainly appreciate their inherent artistic value evidently.
There isn’t a single person who would agree with all of these claims however the majority, or at best certain of them, have to be true to allow the cost of painting to surpass the price of Afrobeats Music. Furthermore, I am not convinced that art lovers and outstanding artists have to go through the same legal process like musicians when they release their works into the public domain. So why isn’t there a similar reward or even greater for musicians who do the same job in protecting their work as they do in creating it. Musicians and composers need to perform more than just authenticate their work and get exact appraisals on the value of their work and get less. The cost of equipment for musicians is much more than that of painters.
Perhaps it’s fame, not money, that musicians are looking for? This is why many musicians accept the small payment they get from the record industry or digital downloads. It’s possible that’s the reason the reason why many are performing more often to boost their popularity, but not to make a fortune. But wait a moment and you’ll see that musicians make the most money through live performances and the sale of merchandise, not from the music. It’s probably the reason the reason why musicians tend to think of themselves as not composers, instead, they are entertainers and performers.
So , what are musicians able to do when they don’t think of themselves as entertainers instead, they see themselves as composers who compose music as an art form? Since they also have a desire to make a living and make a living from their chosen field, they require a specific way to present their work to music enthusiasts or art enthusiasts in search of treasures and curators looking for unusual pieces to put within their own private collections. Imagine a work of music that very few have heard before, presented and played with a specific music player inside an art gallery that is private or a collection.
When I think about ways musicians could follow the model that painters have set for Fine Arts, I’ve identified four principles that can assist in making the amazing financial rewards they’ve earned for the artist. Let’s take a look at the factors that influence this market, and then see what musicians could do to apply these ideas to their production, creative and marketing strategies.
The composer has to come up with experiments using compositional or sound techniques. Certain music falls within the realm of public and some music belongs to the realm that of the fine arts. It’s not difficult to discern the distinction. The distinction is obvious when you look at the surroundings of the nightclub as well as the music there to the more affluent setting of the ballet opera and the music. The distinction is not always one in terms of genres of music but in the sonic signature of the composer. That is to say there are many who believe that Jackson Pollock was a great artist, but everyone agrees that it took years of growth to get to the point at which his style could emerge.
It’s the way of life of the composer or artist that attracts the public’s attention as well as the admiration of friends, and will earn the appreciation of the music lover. In the field of music, the style of the composer regardless of genre is what I refer to as a unique sound.’ It’s the sound signature that art and music lovers would like to own, and, for that, they may consider paying for it or offer up costs of owning it to greater price.
This could be an imitation of the art gallery in which an artist or a group of artists display their works on display. The distinction with this music museum is it could have a room filled with listening spaces or stations. The performances will not be live shows however, they will become sound installations.
You can also divide the room into different compartments that are devoted to various composers. The performance is an event that is for serious collectors of art and music who are constantly seeking out new the sounds they like and then purchase their favorite items.
The goal of a music gallery should be similar to the art gallery: to show the general public a glimpse into the artist’s talents and to provide critics with things to talk about and get other composers to discuss the work of a peer and to make a excitement in the art world. Be aware that it shouldn’t become the thing that generates the excitement, but rather it’s the music that drives the occasion.
The primary distinction between musical composition and a painting is the fact that the former is a tangible work of art and the other one isn’t. That is one of the primary aspects of a painting it’s medium as well as art are both one.
As opposed to music, audio must be transferred onto an object like the cassette tape, vinyl or CD player before it is recognized, but when you paint (or sculpture) an object is turned into art. How can this be or is it even feasible to allow a CD, cassette or download to transform into art?
The CD and the cassette are more like the image of a painting than being a genuine expression in which the medium and art form are one.
One step that a musician could take to transform their work into art is to make your music and medium. The most effective way I’ve come up with to accomplish this is to look back at the past. The vinyl album precisely achieved this kind of quality through album artwork, its sizing and even its packaging.
Let’s briefly discuss the advantages of vinyl LP as well as the marketing strategies that I believe can provide interesting ways for musicians to transform their music into art with appropriate prices and earn a living.
Nowadays, there are a variety of companies that allow you to modify your LP album as well as the artwork. This is fantastic since it gives you complete control over the direction your packaging will take.
This is a creative way to express the personality of the musician, band or project into tangible shape. A variety of colors are available and unique combinations are an option to add some dimension to your music that’s not usually feasible with cassette tapes, CD’s and digital downloads. Also, glow-in the-dark and split-colored vinyl is available to bold music makers who want something with some more style.
Another great way to enhance the quality of music through the packaging as well as presentation, is to think about an etched artwork on vinyl. Etched vinyl is a picture of a record that has been pressed into the side not playable of the record, which is characterized by a an appearance of frosted.
The side that is etched doesn’t have the grooves and music. It it adds a distinct look to your music collection. I’m not sure if the it’s possible to create the appearance of holograms however that is an additional dimension that could improve the visual aspect of your music collection.
The final aspect I’d like me to address concerns the dimensions of an LP. Contrary to CD’s and cassettes that both have the same size, which is set by the player they are played with turntables or phonographs, with arms that adjust to the various dimensions of the LP’s.
This gives you a new angle to design the music program. It could be an even an option to create an artist’s canvas that could hold an LP inside its frame, transforming it into an album cover. For composers and musicians with multiple talents in art and talents, a unique painting for a release of music release might be a viable option to consider.
If you consider it further, the dimensions of the 12″ LP is actually the size of a small painting. Foldable or dual LP covers are also available which provide a much larger surface with which to more greatly present amazing album art work to dazzle customers. The dual LP album cover would give you exactly a 24″ 12″ space to work on.
There are other more sophisticated versions of the design I’m talking about here for the LP could preserve the idea of the LP as the heart of the music box and remove the material from the LP. The ideal material for an LP of fine art is one that doesn’t warp, can’t be broken, would stop grooves from becoming worn out and be scratchproof.
This means that you’d have to research and discover what you can do with exotic metal alloys, exotic substances industrial metals, specially formulated plastics and non-scratch surfaces to create the ideal substance to create a high-quality music album. Additionally, this substance will play high-quality CD sound using any turntable featuring a specially designed needle that is specifically made for this particular material and the album.
If an LP of fine art music would ever exist, it will have to be able to stand the years of storage, use and travel, in the process of transferring custody from one owner another over a period of time, and possibly decades.
These are the principal reasons for owners of music LPs that are fine art must obtain insurance on the asset. An LP that is not vinyl could be made to astonish the art lover, music lover, or investor by using something like an LP that is made from 24-karat gold, or other precious metal, such as platinum or silver.
One change could transform an LP worth 1 million or more based on the vigor of the bidders. You’ll have to conduct some investigation on your own to find out what options you have and could be used to place your LP in the category of investment, tangible asset (collectible) and fine art. Without the presence of this perfect material, we need to strive for originality to gain an appeal.
Another issue to be considered is the issue of exclusivity in regards to ownership of art. It’s not for everyone to afford the luxury of a Picasso however, those who can don’t want to share it with the world since they want to have exclusive ownership of the Picasso as part of belonging to fine art.
The best way to grant the exclusive ownership of a music album to the interested parties is through contracts. Therefore, you’ll need seek legal counsel to establish the legal framework that governs the ownership of music albums or music that is fine art.
The contract may be designed in a variety of ways to suit your desires, but generally it should specify the things that the owner is allowed to perform or what they are forbidden from doing in connection with the work you’re selling them.
It is important for buyers to be aware that they are able to transfer title to the collection heirs , or sell it to private collectors in the same way as in the case of any tangible item. This is a part of the ownership of art and fine pieces of art. They’ve been conditioned to expect from dealing with galleries and other collectors. Therefore, you should treat them as professional.
Additionally, you’ll need to legalize buyers from broadcasting or disseminating music that you have recorded on your original LP or any other medium. To ensure its integrity, the music has to be kept in the domain of public access and in the hands of the people who are legally entitled to hear it.
If the owners would like to discuss it with others or even perform it for an intimate gathering as an art exhibition, then that’s great, however they should not be allowed to copy or make a profit from the recordings.
The benefit of the limit supply and contracts is that they aid in tracking all the owners throughout your life and protect the worth of your work.
If any one of them is able to be held accountable for the leak of the information to the public, you’ll face an action to file which you’re likely to be able to win. If a leak were to occur and your value (price) of your LP could drop dramatically, and the demand may disappear completely. But what’s the biggest risk possible scenario in the event that your music is at the lowest end of the price scale , namely $.99 for each track?
In the same way, the Law of Supply and Demand has to also be considered in the equation when pricing your music as art. In essence, the laws of demand and supply operates as follows: the more supply, the less the demand , and the less availability, the higher the demand. The more greater the quantity of something and the lesser its value is and the lesser of something it is more worth. The law may not work in this way however in general, it is a good idea.