Wednesday May 25, 2022

Today, umn promises very interesting profits as an investment

Investing in art is one way to save your free pension. If you need cash, it is not easy to monetize this investment quickly, but on the other hand it is one of the risks. And so it’s a great investment – with added value. Investments in art are made by Mria Glov, editor of the Dorotheum auction.

The first branch was established for the Czech Republic?
Above all, it was the foundation of a common cultural tradition and it was also a welcome step in the post-revolutionary period, when this entry was to be a clear signal of the courtyard in the social change that took place here. For the first few years, the branch functioned as an acquisition company and the business took place mainly in Vienna.

The motivation for entry was certainly and he chased the idea, but wasn’t it the bottom of such a large number of art objects that could be easily and quickly obtained here?
The Czech market was really interesting at the turn of the nineties and there were a lot of interesting artistic works in the store. However, the market was not prepared for such a rapid transition and a large number of art objects were exported from the Czech Republic.

At that time, there was no day auction and the market was part of the dungle. There were a lot of unregistered entities on the market and trading was “naerno”. Even for this reason, it is good that a traditional company with a clear structure and breeding principles such as the Dorotheum has entered the market.

What does the market for art objects in the Czech Republic look like? Is it the case that items exported in the post-revolutionary period are now returning with the growing purchasing power of Czech collectors?
It cannot be assumed that it pays in general, always badly for specific commodities. It is true that the situation in the nineties has fueled informed traders from countries where art objects were traded. However, it is necessary to change the favorable exchange rate, which at the end of the nineties significantly helped foreign trade and, in the case of domestic trade, significantly favored it.

The current exchange rate has a strong repercussion effect, and together with the increasing life of domestic collectors and the growth of the global bid, the subject is registering a growing interest of Czech collectors in foreign auctions. Yes, some of the walls that went beyond our borders at the turn of the nineties are returning to R. But it is certainly not a significant trend for the Czech art market.

How are you interested in esk authors abroad?
We have to admit that our cars are not so in demand abroad. Thus, with the exception of artists who somehow created abroad, they became part of the local culture and entered the world consciousness. And for example, Kupka, Kubn or Mucha.

At the same time, I must change that another reason why there is no foreign interest abroad is the fact that we are currently unable to create the conditions for cars to become known in the world and to be traded.

What do you mean by that?
I am thinking in particular of the law on the import of cultural objects, which is much stricter than in the rest of Europe and the world. Administrative much more is the end of public procurement. For these reasons, foreign clients often lose interest in trading with Czech art.

But it’s not just about institutions. In the Czech Republic, it is legally convinced both officially and among people that we must protect our art and we simply cannot do it abroad.

I am convinced that this is a huge nonsense, and on the contrary, I would be proud if our author hung both in foreign galleries and private collections. I believe that Czech art needs to be made known to the world, and this is the way that Czech art can become tradable to the world.

Let’s imagine that Pablo Picasso’s business was only in France, or in Spain – so it never gets into the consciousness of the whole world.

Given that the Dorotheum has been operating in the Czech market since 1992, you have definitely mapped the Czech market. Do you have any idea whether you can classify art lovers among those interested in art, or do you invest them?
It is very tk to find the border. The collector also invests. However, I dare say that the difference is mainly in the fact that the collector is interested in art and the market moves continuously, regardless of geopolitical influences and movements, for example in the financial markets, it is simply the essence of art. At the same time, some events in the surrounding world do not affect his decision-making, but he invests his resources in the art, in principle, his purchasing activity is especially in times of general dampness, when demand and prices are appropriate.

The second group are real investors who enter the market when it is appropriate from their point of view, and only when they have free resources at hand, and first of all there may be people who are not artificially interested in them at all. even dislikes, but the subject of the purchase as a certain investment.

Mria Glov

Are you interested in art deciding on your own opinion, or do you use the services of an expert?
In our country, it is better for the buyer to decide for himself. However, a new phenomenon is emerging in the world in connection with your question. It has not been long since special market funds were created on the market, investing only in the arts, working on a simple principle: when you, as an investor, worlds the fund’s resources, of course under the conditions of a minimum deposit, and do not even know what is being bought. prodv, uninterest vs price of individual commodities. You just monitor the return on your portfolio.

Think Art Trading Fund, for example? What does the situation on the Czech market look like? Do any of the funds investing in the arts work here, or are they representatives of these funds?
On the side of buyers? I don’t know about similar activities, most likely not. Since I’ve been on the market for a while, I’d probably know about it. The only similar activity that has recently appeared on our banking market is the new service of UniCredit Bank.

Song to this dark mm. UniCredit Bank recently launched a pledge called Art Banking. How do you understand this standard standard offer of services? And how could it affect the art market in general?
Yes, Art Banking – this is my “favorite” murder and I would not even want to claim any unjustified services, so I must read that I used this murder at one of my seminars for Czech financiers and banks, and this murder took hold.

However, in the case of Art Banking – consulting for investments in the arts – this is not a reversible novelty. What UniCredit Bank is now offering is what we will offer, and I believe that other competing auctions. In short, this means that our company not only acquires and sells art objects, but also aims to provide a wide range of services related to the art trade.

If the client buys a painting in a mountain condition, we recommend, for example, a suitable restoration length, if the client does not want to exhibit the painting, then we provide storage for appropriate spaces, mediate the connection of the painting, etc.

The difference between them and UniCredit Bank, with which, by the way, we work very closely, is that we offer these services primarily to our clients, who UniCredit Bank has the advantage that for their clients who are interested in building and developing collections, we have to map the whole market and logically mediate me for something and offer.

However, we do not know that we are not able to give our clients and their special needs a good start, but logically it is not a priority for pinet clients to compete.

Do you read the impact of the valid Art Banking service on the Czech market?
Due to the fact that this service is available for a very short time, the effect of eclipse.

Do you have any experience, for example, from Austria, where your company is traditional, that a similar entry of the game into the art market would have a significant impact on the trades? In terms of increasing the number of people interested in art, increasing demand and increasing prices in general?
We do not know a similar parallel and really do not believe that running similar services for private clients would have a significant impact on traded volumes and increased demand for art objects. I see the benefits in this direction primarily in the improvement of services in general.

So don’t you expect that the entry of an institution like UniCredit Bank and its client into the art market would trigger a new trend?
On the other hand, this cannot be ruled out. I can cite one very well-known example, because it happened exactly in 1997, when Vladimir elezn (then CEO of TV Nova, editor’s note) entered the art market, who significantly pushed up his activity of price levels, and on the contrary was again markedly significant. when he stopped shopping in large volumes. Take a hundred hunters and create a trend.

Visit investujeme.cz

Back to Top