IN FOCUS /
CORPORATE COLLECTIONS HOLD BIG SURPRISES
Most of us purchased the artwork we have in our homes, so we have some idea of its value. But what about the places where we work? Corporate and institutional collections were often assembled when a company was founded or moved to a new location. Over time, its value may have changed drastically.
Cochran Arts recently completed an appraisal of an institutional collection that held some very big surprises. After a complimentary review of their inventory, we identified a number of pieces that had significantly increased in value and performed an appraisal on those works. The clients were amazed to discover that art that was purchased 20-, 30-, and 40-years ago from younger, unknown artists was now worth multiples of their original cost. They used the information not only to update their insurance, but also help prioritize a rehang of the collection that they plan to execute in the near future.
MARKET INSIGHT /
Summer Exhibitions Abound
If you are traveling this summer, there are some special exhibitions that might be worth a detour. In Europe, two of the art world's most important survey shows are happening this year: the Venice Biennale in Italy and Documenta in Kassel, Germany. Or, if you're headed down to the mediterranean, you might want to check out Rasheed Johnson's work at Hauser and Wirth's gallery in Menorca, Spain and Jeff Koons's installation at the DESTE Foundation's space in Hydra, Greece. If you're staying closer to home, major New York galleries like Pace, Lisson, Halsey McKay and Eric Firestone will fête summer visitors with outposts in the Hamptons while Marianne Boesky returns to Aspen with a collaboration with Carpenter's Workshop Gallery.