Goldart Auction House launches an investment product dedicated to the modern and contemporary art.
Goldart, one of the major auction houses in Romania, announces a new service to customers – private sales with guaranteed return. The new product targets those who see art not only as a passion but also as an investment, offering a guaranteed return of 15% on a selection of artistic works.
Starting this December, Goldart Auction House expands its services and comprises a new investment product – private sales with guaranteed return of 15% within 3 years. Bimestrially, Goldart will launch a catalogue of over 50 works of art – paintings, graphic works, manuscripts priced between 250 euros and 5,000 euros – representing the private sales offer. More than half of the work promoted will be authored by contemporary artists.
Through the private selling of art objects with a guaranteed return after 3 years, Goldart embodies the phrase “art as investment” that currently circulates in public space more at a conceptual and declarative level. By guaranteeing the return of an art object, its artistic, emotional dimension is completed by a deeply pragmatic one, transforming it from a collectible good, into a solid mid-term investment alternative alongside traditional financial products such as bank deposits, government securities, investment funds shares or units.” stated Cristian Anghel, Executive Director Goldart
To support its recently launched investment product and to whet the young clients’ appetite for the artistic world – professionals and entrepreneurs aged between 30 and 45 years – Goldart will hold during 2017 a series of exclusive seminars dedicated to investments in art.
Founded in 1997 as an art gallery, under the coordination of the family Luminița and Alexandru Ghilduș, Goldart is one of the main players on the local art market. In 2008, Goldart becomes auction house, its name being associated with the largest art transaction completed to date in Romania – the sale of the painting “Two Women” signed by Ștefan Luchian for 300,000 euros at an auction organized April 2013. In the 8 years of activity, Goldart held over 180 auctions, promoting over 570 contemporary authors. Two auctions were organized in partnership with the Plastic Artists Union, each comprising 150-200 artistic works, while four auctions were conducted for charity.
2016 brings changes in the ownership and management structure of Goldart Auction House. Cristian Anghel, collector and art dealer with 15 years experience in the capital market, insurance and reinsurance and 3 years background in cultural management, joined Goldart in October 2015, assuming the company’s management at the beginning of 2016.
Goldart reaffirms its commitment to support the local contemporary artists through the launch of ContempL’art in November 2015. This is a series of monthly exhibitions held in the Goldart gallery space at No. 1, I.L. Caragiale Entrance, comprising, over the year, the work of at least 150 artists. A selection of the works exhibited is included in the auction each month, thus confirming their value. Goldart Auction House aims to associate the phrase “art as investment” not only to certified values belonging to the modern and post-modern Romanian art, but also to emerging contemporary artists.
The English version of the website – Intell News Romania
Author: Claudiu Victor Gheorghiu, Romanian artist and historian; member of the Association Branch of Religious Plastic Arts and Restoration : AFAPRR of UAP from Romania: Romanian Fine Arts Union and VISARTA, The Romanian Visual Arts Copyright Collecting Society; Media advisor of the Steering Committee of the Association Branch of Religious Plastic Arts and Restoration : AFAPRR of UAP from Romania: Romanian Fine Arts Union; Senior Editor at CULTURE at the Intell News: Global news, press and event analysis as well as at the newspaper Jurnalul Bucurestiului.
28th of November 2016