Cindy Chao at the new Cindy Chao The Art Jewel Gallery. Courtesy of Cindy Chao The Art Jewel

Cindy Chao is known for fusing art and jewellery to create unique collectibles. Here she speaks to LUX about the importance of her heritage, emotions and craftsmanship

LUX: How has your upbringing shaped your career?
Cindy Chao: Creating art jewels, for me, is a continuation of my family heritage. My grandfather was an architect who always took me to the construction sites of his architectural projects. I was trained from a young age to see the world in a structural and spatial way. My father was a sculptor. He taught me to take into account each angle, form and expression of what I observe, and to transform observations into well-rounded creations.

Both my grandfather and father moulded who I am today. Having the mind of an architect helps me to visualise my compositions three-dimensionally, and with the hands of a sculptor, I am able to pour life and emotion into my wax sculptures.

LUX:  How do you bring the two disciplines of jewellery and art together?
CC: My vision is to bring art and jewellery together by redefining how jewellery pieces are created and perceived. If a great piece of art must transcend culture, language and geographical boundaries in order to be widely understood and appreciated, the same should be true for jewellery. Thus, I hold the belief that every piece of fine jewellery should be a miniature artwork in a wearable form.

My jewellery creations are an extension and an expression of my emotions and soul. They carry the thoughts and the mood I experience when I obtain inspiration during the creation process. By combining my creativity with high-quality craftsmanship, I aim to imbue my art jewellery pieces with collectible value.

Cindy Chao The Art Jewel Gallery Gravity-free Showcase.

LUX: Can you share some insights into the process of creating your pieces and the techniques and materials you prefer to work with?
CC: I always view the world from a three-dimensional perspective, so my creations are very architectural, sculptural and organic, and can be appreciated from every angle.

I start every creation with wax sculpting, which is where I sculpt a wax block into a 1-to-1 ratio sculpture of the jewellery piece in my mind. The process is an ancient technique, once widespread in Europe in the 18th-19th centuries. This enables my work to be three-dimensional throughout the project.

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I am particularly fond of crafting my works in titanium. Being one of the lightest types of metal, titanium can effectively reduce the weight of the entire piece; however, its toughness and extremely high melting point also make the forging and setting extremely difficult, and any mistake would cause the whole crafting process to start over again. Using the toughest metal to form the softest curvature has always been an ultimate goal of mine.

Recently, I’ve been working on using unconventional materials in my jewellery pieces. For example, ox horn, maple wood, and golden ebony are applied and combined with titanium, 18K gold, silver, and various precious stones. These organic materials lack malleability and require careful evaluation, selection, and calculation of the joining positions and angles between the metals and unconventional materials.

Sapphire Floral Brooch from the White Label Collection

LUX: Which of your pieces are you most proud of?
CC: I believe that a good work is one that, when you look back, leaves you with no regrets, and with no room to think, If I had another six months, I could have done better.

I believe my latest 2022 Black Label Masterpiece Spring Cardamom Brooch is one of those “no regrets” works.

I created a pair of Spring Cardamom Brooches, inspired by freshly sprouted Cardamom pods, to express the vitality and hope of a new Spring. The brooches feature two oval-shaped cabochon Colombian emeralds of nearly 81 carats each. Next to the emeralds are two glistening hollow diamond spheres that are composed of several fancy rose-cut diamonds. The juxtaposition of a large emerald and the hollow diamond ball is my exploration of the coexistence of the abstract and real.

The brooches were also my attempt to accentuate sculptural aspects with colour science. I truly wanted to create a sense of dimensionality through the undulations, color arranging, gem setting and light. They were set with 28 shades of green gemstones, complemented by yellow and brown diamonds.

2022 Black Label Masterpiece X and XI, Spring Cardamom Brooches

LUX: Can you tell us about your annual butterfly masterpieces and what inspired you to start creating these every year?
CC: My first annual butterfly was completed in 2008, the fourth year after I founded the brand and at a time when I was still establishing myself as a jeweller. It was very challenging for me at the beginning, as an artist and as a brand, and I did not know how long I could persevere. I embarked on this butterfly creation with a feeling that it might be the last piece of work in my life. Even if my creative period ended that way, I wanted it to be special.

The short yet splendid life of a butterfly deeply inspires me. It reminds me that even though human life is brief and fragile, we should constantly undergo metamorphosis, surpassing our limits, and ultimately live a brilliant and meaningful life.

It took me a whole year to create my first butterfly, the Ruby Butterfly Brooch, and I poured all my efforts into it. From the front, you may only notice the pair of rubies on the butterfly, but when turning it over, you discover that the entire butterfly is fully set in a three-dimensional manner from the side to the back. The “side-flying” butterfly with its wings folded together and not yet fully spread, as if it had just emerged from the cocoon and was about to take off, symbolises my state of mind at the time.

From then on, I decided to use the “Annual Butterfly” as a symbol of transformation for both an artist and a brand.

Sweet Violet Earrings from the White Label Collection

LUX: On the note of butterflies and metamorphosis, can you speak about your evolution as a jewellery designer?
CC: My growth as an artist is closely related to confidence, which is crucial for creating good works, but it requires time to accumulate through experience. My increased confidence is reflected in two aspects: first, simplified lines and “subtraction” in my work. Because I have mastered the techniques, I don’t need as many lines to present a piece anymore. Second, there is a breakthrough in colour. Comparing the first “Ruby Butterfly Brooch” with the latest “Aurora Butterfly Brooch,” one will notice that I have become bolder in my use of colour. Just like a painter, the colour tension in early works and later works is certainly different.

The Aurora Butterfly

LUX: In what ways is Asian culture particularly important to you, and how is this reflected in your work?
CC: Influenced by my grandfather and father, I received an education in aesthetics from an early age. My creations are imbued with a traditional Chinese style of “impressionism”, using depictions of nature to express emotions. In my works, I want to showcase a harmonious blend of structural forms and artistic conception, brimming with a poetic and emotive essence.

LUX: You have achieved many accolades in your career, from your pieces being selected for Christie’s auctions to being featured in the Smithsonian National Museum of Natural History and the V&A. What would you say has been the highlight of your career so far and why?
CC: I am grateful for the acknowledgement from esteemed international institutions such as museums, art fairs, and auction houses over the past few years. These commendations have not only been instrumental in building up a firm foundation for my brand, but also instilled within me a profound sense of confidence.

Read more: Veuve Clicquot CEO Jean-Marc Gallot on the spirit of the iconic brand

In November 2021, I received the “Chevalier de l’Ordre des Arts et des Lettres” distinction from the French Ministry of Culture. This is definitely a highlight of my artistic career. France – being one of the birthplaces of jewellery art with its extensive history and cultural heritage – has consistently equipped me with abundant inspiration and nurtured my creative endeavours. I feel deeply honoured to be recognised for my vision and contribution in bridging eastern and western cultures through art, and I am aware of the great responsibility that lies ahead.

Sapphire Dragonfly Brooch from the White Label Collection

LUX: What would you say is the overall message you are conveying through your work?
CC: Our lives are finite, whereas genuine art possesses the ability to withstand the trial of time, transcend time, and be passed on from generation to generation.

LUX: You have broken boundaries as a Taiwanese woman in a male-dominated, Western-centric industry. Are you hopeful for the future of other Asian women in the jewellery, art and luxury markets and how do you hope to see your legacy continue?
CC: I am optimistic about the future of Asian female artists as they are gaining global recognition for their immense talent. The opportunities for women in Asia are vast and promising.

My team and I have created our own unique path on this journey, and we aim to continue the growth in the following decades to come, and to become a truly global brand that embraces its Asian heritage. In order to preserve this craft within the wider jewellery industry, I feel it is important to teach and inspire young talent to embrace this age-old knowledge and savoir-faire of jewellery-making.

The making of the Spring Cardamom Brooches

LUX: What would you say differentiates a jewellery piece which is a collectible from one which isn’t?”
CC: The value of a collectible jewellery artwork includes two aspects: rare gemstones and artistic value.

Firstly, top-grade rare gemstones are the primary element that gives jewellery pieces their collectible value. As a new investment vehicle, the market trend for rare gemstones has garnered increasing attention in recent years.

Artistic value is also one of the elements that contribute to the collectability of jewellery pieces. Collectible art jewellery possesses aesthetic, intellectual, and philosophical value beyond ordinary commodities. Artists dedicate themselves wholeheartedly, infusing their emotions into their creations, allowing their pieces to convey the artist’s unique creative stories and inner world.

All images courtesy of Cindy Chao The Art Jewel

Find out more: www.cindychao.com

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A record-breaking sale at a German auction house is reverberating around the European art market, says Sophie Neuendorf
A blonde woman wearing a black top

Sophie Neuendorf

The 1943 striking self-portrait was hammered down for €20 million ($22 million) or €23.2 million ($24.4 million) with fees —the highest amount ever paid for a work of art at auction in Germany. Including fees, the masterpiece surpassed the previous record for a Beckmann self-portrait, which was set with the sale of Selbstbildnis mit Horn, (1938), sold for $22.5 million with fees at Sotheby’s New York in 2001 (Source: Artnet Price Database). Additionally, the Grisebach sale marks the second highest price achieved for a Beckmann painting: Bird’s Hell (1937–38) sold for £36 million ($44 million), including fees, at Christie’s London in 2017.

According to several witnesses, a Swiss collector, who had bid over the phone via one of Grisebach’s partners, was the lucky buyer of the masterpiece. Self-portraits are the most famous of Beckmann’s oeuvre, and this particular work, a striking painting depicting the artist in a fur-lined robe, was painted while the German artist was living in exile in Amsterdam during World War II. Several collectors in the room bid on an array of blue chip works during what can be described as an electrifying evening. Many collectors had also come to see the evening’s star lot and to hopefully witness a record as the Beckmann piece was offered with no guarantee. Self-portrait Yellow-Pink had been on view in New York in November before arriving back at Grisebach’s historic Berlin villa for the December sale. Most likely, it had caught the eye of several American collectors as auction house specialists notably switched over to English during the sale of this particular lot. According to Grisebach’s Diandra Donnecker, the uniqueness of the work stems from the fact that it is one of five self-portraits to remain in private hands; they rarely come up for sale, and works he painted in exile are even rarer.

A painting of people eating and holding swords

Traum von Monte Carlo (1939 – 1943) Max Beckmann

The Grisebach sale marks a pivotal moment for the German art market, which has steadily gained momentum over the past few years. Sotheby’s returned to the country in 2021 after a hiatus and sales in recent years have been more robust than usual, with more works going for over €1 million. Given the ramifications of Brexit, which is making import and export transactions much more cumbersome, Sotheby’s decision is hardly a surprise. Christie’s has been steadily strengthening its presence in Paris over the last few years and Amsterdam is much smaller in terms of buyer opportunities; so the EU’s largest country in terms of size and economic strength seems the logical choice for Sotheby’s – and consequently, international collectors.

The Grisebach sale on December 1 is more than double the last record achieved in Germany, which was previously held by the auction house Nagel in Stuttgart. Nagel had sold a Chinese bronze sculpture, dating to 1473, for €9.5 million. The record for a painting sold in Germany is held by Grisebach for its sale of another Beckmann work, The Egyptian (1942), for €5.5 million in 2018.

A self portrait of a man in yellow fur lined coat with his arms crossed

Selbstbildnis gelb-rosa (1943) Max Beckmann

For context, let’s take a look at the market. The top 5 German auction houses, in terms of value sold, are Ketterer, Grisebach, Hampel Fine Art Auctions, Lempertz, and Van Ham (in that order). Ketterer’s total sales value in 2022 thus far is over €100 million. After their December 1 sale, Grisebach’s total sales value for 2022 is also close to 40 million USD. But how does the German market compare to its European counterparts in 2022 thus far? Total sales value this year in Germany was $193 Million. The Austrian market recorded total sales of $94 Million, the Swiss market hammered down $182 Million, and the French market recorded $967 Million in sales value.

A graph with lines

One of the strongest European markets, Germany will likely need to record a few more years of growth until it can compete with France and the UK (which hammered down over $1 Billion in total sales thus far). (Source: Artnet Price Database).

Interestingly, German artists have proven robust through global economic downturns and often surpass their US or UK counterparts in terms of value sold. The top 5 most sought after artists, in terms of value sold, are Gerhard Richter, Georg Baselitz, Sigmar Polke, Franz Marc, and Max Ernst. For context, the total value of Richter works auctioned in 2022 is $223 Million in 2022 thus far – which is greater than total auction sales in Germany this year.

A grey painting of people suffering

The Night (1918-1919) Max Beckmann

With a historically strong culture of collecting and a deeply ingrained love and value for the arts, it won’t take long for the German market to become a hub for international collectors. An abundance of private collections in Germany will surely provide ample opportunities for acquiring unique and unseen masterpieces. Many of the most important art collections worldwide are located in the country, and quite a few of these marvelous collections will be transferred to the next generation before too long.

A graph with lines

According to Artnet data, German collectors have historically favored Impressionist and Modern art, closely followed by Post War and Old Masters paintings. Now, these same categories are tied to tedious export rules and regulations, introduced by Germany’s culture minister a few years ago (ostensibly to protect Germany’s cultural heritage). The fourth most popular collecting category is Contemporary Art, which is much easier to buy and sell internationally. With the rise of the new millennial generation of collectors, perhaps the German market is primed for a shift in wealth and collecting habits? According to Artnet data and recent sales, the country’s market is drawing an international audience and is on track to compete with France and the UK. Some notable collections to keep an eye on are those of Ingvild Goetz, Karen Boros, Ariane Piech, Nicolas Berggruen, and Desire Feuerle, to name just a few.

Sophie Neuendorf is Vice-President at Artnet.

Find out more: artnet.com

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a man in a blue shirt and white jeans sitting next two women in a blue and a red dress sitting in front of a painting
A man in a cream sweater with his arms crossed standing by a yellow painting

Sassan Behnam-Bakhtiar

LUX is supporting the current private sale at Sotheby’s Monaco by Iranian-French artist Sassan Behnam-Bakhtiar. His latest collection of works, Journey Within, involves inspirations from his travels and previous lives, using his painstaking technique of layers of paint on canvas revealing hints of mystical images and concepts. Quite mesmerising

a man in a blue shirt and white jeans sitting next two women in a blue and a red dress sitting in front of a painting

Sassan and the Sotheby’s team at his exhibition in Monaco

Journey Within exhibition

a group of people at an art event

Journey Within Exhibition Party on Thursday 15th September

This body of work focuses on Sassan’s aim is to take the audience on a ‘journey’ of self-exploration, for humans to understand their capabilities. The paintings presented are born from Behnam-Bakhtiar’s renowned signature style of ‘Peinture Raclée’. His unique canvases are also known to have a romantic Monet-like quality, also reminding the viewer of Persian mosaic craftsmanship, and at the same time, look like pixelated glitches on a monitor, thereby reflecting the artist’s cultural identity and influences of European art history in a contemporary context.

Two men standing by a woman in a purple floral shirt

Sassan Behnam-Bakhtiar and Ali Jassim with Madame Lalanne

A man sitting on a chair next to a table with LUX magazines on it

Sassan Behnam-Bakhtiar and Ali Jassim on the cover of LUX magazine’s Autumn Winter 2022/23 issue

The solo exhibition will be on view at Sotheby’s Monaco from September 6th to the 26th, 2022, with a contemporary art charity auction on September 16th 2022, hosted by Sassan Behnam-Bakhtiar and Ali Jassim, auctioneered by Pierre Mothes, Vice President Sotheby’s France, in aid of the Prince Albert II of Monaco Foundation. A unique painting will be created live by Behnam-Bakhtiar in dialogue with the sounds and lyrics of award-winning British musician Tinie Tempah.

three men standing in front of a yellow painting

Samandar Setareh, Sassan Behnam-Bakhtiar and Darius Sanai

a man in a blue shirt standing next to yellow paintings

Sassan’s works emerged out of his effort “to paint the energy network that surrounds us”

two men at an event

Samandar Setareh and an art collector

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An old green Lamborghini in front of palm trees on a roof
red and white leather interior of an old classic Ferrari

Interior of the 1955 Ferrari 250 Europa GT Coupé

Maarten Ten Holder, Managing Director of Bonhams Motoring, tells LUX his top picks at Bonhams Quail Auction in California, ahead of the sale on Friday 19th August 2022. A sale which features cars being sold up to $3,400,000.

It may not be winter, but the West Coast is calling and the classic car world is gathering in Northern California for Monterey Car Week. This Mecca for serious car collectors includes the world-famous Pebble Beach Concours. Bonhams Quail Auction takes place in tandem with the equally glamorous Quail Motorsports gathering garden party this Friday (19 August). Our 25th silver anniversary sale offers a host of precious metal.

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1963 Jaguar E-Type Lightweight Competition, estimate on request

An old white car with the number 14 on the side on a track

1963 Jaguar E-Type Lightweight Competition

Owned by that giant of US motor racing, (and Americas Cup winner) Briggs Cunningham, and driven at Le Mans no less, this is one of the most important early racing Jaguars.

It’s a rare beast too – one of only 12 Competition cars, built with aluminium bodies and hard top and alloy 3.8-litre engine (hence it’s Lightweight label), sold exclusively to Jaguar’s preferred customers.

Significantly restored in the 1980s yet retaining its original bodywork and matching-numbers engine, this E-Type is eligible for the world’s most prestigious concours and historic races.

1938 Type 57C Atalante, estimate $2.8 – 3.4 million

black and yellow classic car in front of a garage

1938 Type 57C Atalante

This supercharged art deco masterpiece, designed by Jean Bugatti, was the supercar of the golden age, reaching a top speed of 120mph, when most cars aimed for 50 mph.

One of only five aluminium 57Cs, the Bugatti was the 1938 Paris Salon display car but has largely been under wraps for much of its life, firstly hidden during the Second World War, then kept for many years without turning a wheel in the garage of a later keeper’s chateau.

1969 Lamborghini P400S Miura, estimate $1,75 – 2,25 million

An old green Lamborghini in front of palm trees on a roof

1969 Lamborghini P400S Miura

Eternally young, the Lamborghini Miura was the car that put Lamborghini on the map and is often called the most beautiful car of its age. Gandini’s svelte design for Bertone is complemented by the evocative soundtrack from its Lamborghini’s brilliant V12 engine, placed behind the driver. landmark in the history of Italian sports cars. This 1969 P400S Miura, estimated at $1,750,000-2,250,000 and offered with no reserve.

1955 Ferrari 250 Europa GT Coupe, estimate $2.25 – 2.75 million

A white car driving on a road

1955 Ferrari 250 Europa Coupé

The great rival to Lamborghini is represented by seven models at Quail, including a trio of early cars led by the very last Ferrari 250 Europa GT built. This landmark model is regarded as the first of the iconic Ferrari GTs.

Styled and built by Pinin Farina, this car was first exhibited at the 1956 Brussels Motor Show and raced in period at Spa Francorchamps. In the late 2000s, the matching numbers car was the subject of a superb, factory-correct restoration, while retaining its original bodywork and chassis and is Ferrari Classiche ‘Red Book’ Certified.

1956 Mercedes-Benz 300SL Gullwing Coupé, estimate $1.4 – 1.7 million

a red car with the doors opening over the roof

1956 Mercedes-Benz 300SL Gullwing Coupé

Instantly recognisable – not just to car enthusiasts – the 300SL is considered the greatest sports car of the 1950s, with famous successes at Le Mans, Targa Florio and of course the 1955 Mille Miglia, won by Stirling Moss and Denis Jenkinson at a record average speed of just under 100mph.

Read more: The Style And Substance Series: Porsche 911 Targa 4S Heritage Design Edition

This superb example has been kept by the same family from new, originally used as a daily driver by its first owner, Greek shipping magnate George C. Makris, then latterly stored by his children in a climate-controlled environment. Superbly restored while retaining its original engine, bodywork, desirable Rudge wheels and original Becker Mexico radio, the 300SL has covered under 22,000 miles over its lifetime.

Ex-Steve McQueen 1971 Husqvarna 400 Cross, estimate $130,000 – 180,000

a red and black motorbike

Ex-Steve McQueen 1971 Husqvarna 400 Cross

The King of Cool was a known petrolhead (think of his passion project film ‘Le Mans’) and a motorcycle enthusiast, famously riding on screen in The Great Escape and On Any Sunday, the bike movie in which Husqvarnas featured heavily.

This ‘Husky’ was one of McQueen’s favourite off-road bikes and was kept by the actor until his death in 1980. The lovingly preserved, authentic machines offered in “as last ridden by McQueen” condition and still scarred with all the dents and dings from his regular rides.

Bonham’s Quail Auction will begin at 11am PDT/ 7pm BST on Friday 19th August

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red classic car by a lake
A palace in the mountains with trees around it

Gstaad Palace

Maarten Ten Holder, Managing Director of Bonhams Motoring, tells LUX his top picks for The Gstaad Sale in Switzerland ahead of the sale on 3rd July 2022. The sale features cars being sold up to £1,900,000

When you handle some of the world’s rarest, most exotic and most valuable collector cars, it makes sense to sell them in the most beautiful locations. Bonhams is fortunate to have salerooms at the Grand Palais in Paris, overlooking the Grand Prix circuit in Monaco and on the lawns of the world-famous Monterey Car Week. To this glittering roster, we have added the chic Alpine resort of Gstaad where we will be hosting our eponymous sale on Sunday 3 July.

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The venue for this boutique sale is the Gstaad Palace, celebrity haunt for the likes of Elizabeth Taylor, Grace Kelly, Roger Moore, and the perfect backdrop for the automotive art we will be presenting – what is more, the general manager is a classic car enthusiast, so we will be in good company!

silver 2010 Lamborghini Reventon Roadster 6 with a pile of orange stones behind it and mountains in the background

2010 Lamborghini Reventon Roadster

Rather fittingly for our jet-set audience, our sale is led by a jet-inspired hypercar – a 2010 Lamborghini Reventon supercar (estimate CHF 1,850,000-2,200,000). This was the most extreme Lamborghini to date when unveiled in the late Noughties. Its aeronautic styling is matched by blistering performance thanks to its 6.5-litre V12 engine. It has a top speed of 205mph and accelerates from 0-100km/h in 3.4 seconds and even has a G-force meter for that ‘Top Gun’ moment. This Reventon is as new, having had only two owners, the second, the vendor, never having driven it!

A red 1991 Ferrari F40 on a track with grass

1991 Ferrari F40

Lamborghini’s great rival, Ferrari, also features in this sale, with no less than six supercars and grand tourers offered. Looming in the Reventon’s rear-view mirror is a 1991 Ferrari F40 (estimate CHF 1,600,000 – 2,000,000), considered one of the last great ‘analogue’ supercars.

Red Ferrari on a road with stones by it

1972 Ferrari 365 GTB:4 ‘Daytona’ Berlinetta

Introduced to celebrate Enzo Ferrari’s 40 years as a motor manufacturer, the F40 was the last model to be personally overseen by ‘the old man’ before he died in 1988. A thinly disguised racing car, with its panels of carbon fibre and that unmistakable high rear aerofoil, the F40 was the first production passenger car to have a top speed of more than 200 mph. It’s no wonder that F40s have been owned by the great and the good from Formula 1 champions such as Nigel Mansell and Alain Prost to Il Maestro, Luciano Pavarotti.

Black and white 2020 Porsche 911 GT2 RS Clubsport with green mountains and clouds in the background

2020 Porsche 911 GT2 RS Clubsport

Another racing-derived car is a 2020 Porsche 911 GT2 RS Clubsport, (estimate CHF 390,000 – 500,000). The high-performance version of the evergreen 911 was produced to meet the regulations for GT2 sports car racing. Th even more powerful RS version set a new lap record at the infamous Nürburgring last year.

This one-owner example has covered fewer than 300 kms and has never been raced, although it is fully-equipped for motorsport with its ‘Clubsport’ package including FIA rollcage, Recaro racing seat and racing dampers.

Read more: Switzerland, our top pick for summer

Classic models from the motoring world’s most prestigious marques, such as Aston Martin, Mercedes-Benz, Rolls-Royce and Bentley, will also be gracing the Gstaad Palace this weekend.

A black Monteverdi 1969 in front of a green garage

1969 Monteverdi 375S Coupe

However also lining up is a less familiar name: Monteverdi, a Swiss marque of the 1960s and 1970s – the brainchild of BMW dealer Peter Monteverdi. Wanting to produce a Swiss rival to Ferrari, he matched American power with European styling and luxurious interiors. Two of these rarities will be offered, including the 1969 Geneva Salon show car, a 1969 575S Coupé.

red classic car by a lake

1956 Alfa Romeo 1900C Super Sprint Barchetta

And there are more Swiss-made cars. The country may be more famous for watchmaking but has had a thriving coachbuilding industry in the 20th century, Representing its golden age is a 1956 Alfa Romeo 1900C Super Sprint Barchetta (CHF 300,000 – 400,000), its Ghia Aigle coachwork designed along the lines of a Riva speedboat with wraparound windscreen. Apparently, the Ghia was ‘banished’ into storage for 30 years by its first owner’s wife when she discovered the car had been bought for his mistress.

A black Renault 1981 on a pavement

1981 Renault 5 Turbo

My final highlight is a seemingly humbler car – a 1981 Renault 5, at one point France’s best-selling model and the first car for many. However, this special and increasingly sought-after high performance Turbo version has had only one owner from new, Catherine Larson, widow of Formula 1 driver Didier Pironi. The 5 has an estimate of CHF 130,000 – 150,000, making it one of the most valuable to be offered but surely one of the most perfect for tackling the twisting mountain roads!

The preview for the Gstaad Sale will be held at the Gstaad Palace Hotel from 1 to 3 July, with the sale from 15.00 on Sunday 1 July.

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green and black car
old yellow car

1938 Bugatti Type 57 C Stelvio Cabriolet

Maarten Ten Holder, Managing Director of Bonhams Motoring, tells LUX his top picks at Les Grandes Marques du Monde in Paris, ahead of the sale on Thursday 3rd February 2022. A sale which features cars being sold up to £2,100,000
a man standing by a black car

Maarten Ten Holden

Les Grandes Marques à Paris, Bonhams’ European season-opener is an event I look forward to every year. Traditionally held at the Grand Palais, located between the Champs-Elysees and the Seine, this venue is one of the more spectacular settings for our many international car auctions.

This year, the sale has relocated to the Grand Palais 2.0, le Grand Palais Éphémère, a stunning temporary building which is serving as the city’s exhibition space during the restoration of the original. Located on the Champs-the-Mars, right at the foot of the Eiffel tower, this modular, sustainable structure is not only environmentally friendly, but through its design and location, might even outshine its historical sibling.

But there is more: inspired by the glamour of Éphémère, we decided to add a new luxury sale of more than 125 watches to our series of sales in Paris, which is the perfect complement to our regular line up.

We will present more than 100 of the most exquisite collectors’ cars, from the pioneers to contemporary supercars. Creating a shortlist has proven a tricky task, but here are just a few of my top picks…

Follow LUX on Instagram: luxthemagazine

1964 Porsche 904 GTS, estimate €1,300,000 – 1,600,000
One of the biggest racing stars of the 1960S, the mid-engined Porsche 904 GTS sportscar was owned by a star: the Hollywood great, Robert Redford, who drove it for nearly a decade. The model was called the ‘giant killer’ for its success in such famous events as the Monte Carlo Rally.

A green car

Robert Redford’s Porsche 904 GTS

2015 Ferrari LaFerrari, estimate €2,000,000 – 2,500,000
The F1-inspired hybrid hypercar was described by Ferrari as its most ambitious car, with its electric motor and V12 petrol engines combining to create a staggering power output of 950bhp. This rare yellow example has only driven 930km from new.

A yellow ferrari in the snow

2015 Ferrari LaFerrari Coupé

‘Le Patron’ 1938 Type 57C Special Coupé, €1,600,000 – 2,000,000
The Paris sale always showcases the finest French cars; and this Art Deco beauty is truly special. Known as ‘Le Patron’ it was named after and used by company founder Ettore Bugatti himself and its bespoke coachwork is believed to be the final design created by his son Jean.

green and black car

‘Le Patron’,1936 Bugatti 57C

1996 Bugatti EB110, estimate €1,100,000 – 1,300,000
The most modern of the five Bugattis offered in Paris, the record-setting EB110 supercar was the brainchild of Italian businessman Roman Artioli who revived the brand. The era’s fastest series production sports car has a top speed of 340km/h thanks to its turbocharged V12 engine. This example is one of only 95 GTs produced.

A blue Bugatti by the sea

1996 Bugatti EB110 GT Coupé

1902 Panhard & Levassor Type A2 7HP Tonneau à entrée par l’arrière, estimate €300,000 – 360,000

From the dawn of motoring, this is a remarkably authentic example and one of the best survivors of its genre. It has retained its original engine, coachwork and even leather trim. This car also has successfully completed the famous London-to- Brighton Veteran Car Run with its owner.

an old style black car

1902 Panhard & Levassor Type A2 7HP tonneau à entrée par l’arrière

Read more: ADMO: Alain Ducasse & Dom Pérignon’s Ephemeral Dining Experience

Michael Schumacher’s 2010 Mercedes-Benz C63 AMG Estate, estimate €50,000 – 100,000 (No Reserve)
This was the daily driver of a true motorsport legend, seven times Formula 1 World Champion Michael Schumacher. It was his company car when he joined the newly formed Mercedes GP Petronas Formula 1 Team in 2010. Not surprisingly, this top of the range C63 was equipped with €20,000 in luxury options.

A black Mercedes-Benz

Michael Schumacher’s 2010 Mercedes-Benz C63 AMG Estate

A preview of Les Grandes Marques du Monde will be taking place on Wednesday 2nd February 2022 and the auction will be held on Thursday 3rd February 2022.

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shiny balloon dog sculpture
shiny balloon dog sculpture
Although Jeff Koons has had a profound impact on contemporary art and remains one of the world’s most influential artists, recent data supports a strong decline in his market, reflecting the tastes of a new generation of art collections and wider cultural shifts. Sophie Neuendorf reports

“I love the gallery, the arena of representation. It’s a commercial world, and morality is based generally around economics, and that’s taking place in the art gallery,” Jeff Koons

The above quote perfectly sums up the ethos and reputation of Jeff Koons. Love him or hate him, Koons has shaped contemporary art in profound ways over the course of the past few decades. One of the reasons for this is that his work is globally recognisable and relatable – you don’t need to have studied art history to understand where he’s coming from although if you have there are deeper layers to be found. In a sense, he bridges the gap between high and low culture.

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Koons rose to fame in the 1980s, developing iconic works such as Michael Jackson and Bubbles (1988), the Made in Heaven (1990–1991) series, and Puppy (1992), which has been installed in Sydney Harbour, Bilbao, the Palace of Versailles, and Paris. While he’s most closely associated with his brightly coloured, shiny, oversized sculptures of kitschy souvenirs, toys, and ornaments (see his Celebration (1994–2011) series), Koons continues to seek new and surprising outlets for his creativity. In 2017, he teamed up with the luxury brand Louis Vuitton to produce an edition of bags printed with iconic European paintings, and more recently, he teamed up with high-street brand UNIQLO to create a line T-shirts and hoodies printed with some of most famous sculptures.

art auction graph

Courtesy of artnet

In 2019, his fame seemed to reach an all time high: Rabbit sold for a record-breaking $91.1 million at Christie’s auction house, making him the most expensive living artist. However, according to the artnet Price database, that single work accounted for the lion’s share of the artist’s $100 million (approx.) auction total that year. In fact, since peaking at more than $150 million in 2014, the artist’s  overall auction volume has been slowly trending downward. In 2020, it was down to less than $3 million. While the pandemic undoubtedly played a role in the decrease of sales and things have picked up slightly since (to about $36 million to date) it’s still a far reach from earlier years. More worryingly, 48 (20%) of the 239 Koons lots offered this year at auction have failed to sell entirely.

Read our interview with Jeff Koons from the Autumn/Winter issue

Over the past few years, major cultural shifts in the art world and beyond have contributed to the rather rapid depreciation of the Koons market. First and foremost, there has been a generational shift, with a new group of young collectors becoming the driving force behind the rise of Ultra Contemporary artists and a wider change in tastes. Peers of the BLM, MeToo, and climate change era, these young collectors are looking for more depth and meaning than Koons’ shiny kitsch seems able to offer. Quite possibly, the extravagant prices and controversial subject-matter (namely Koons’ Made in Heaven series which featured explicit images of his former wife, porn star Ilona Staller) have, ultimately, overshadowed his career, but this change can also be seen as a natural evolution. In fact, the only category in art that is more or less immune to changes in taste are the ultimate “trophies” that are so exceptional and rare in quality that anyone able or prepared to spend more than $100 million on a single artwork cannot afford not to go after them, if and when such works become available. Nearly everything else is and always will be affected by the evolution of culture.

art market graph

Courtesy of artnet

Additionally, and importantly, the health crisis of the past two years has had a profound impact on not only the art market, but also on the popularity of the hyped pre-pandemic artists. Internationally recognisable artists such as Richard Prince and Takashi Murakami have also seen a depreciation in their average prices at auction, indicating a decline in their popularity. Perhaps, this is because these figures are seen to be representative of a pre-pandemic era, an era which was more superficial and frothy than today’s.

Read more: The Best Art Exhibitions to See in January

Koons currently ranks as number 57 in artnet’s list of the top 300 most popular artists, but if the market is anything to go by, he’s in danger of slipping off it altogether. “For me, at a certain point it became so much about the money that I couldn’t look at a shiny outdoor [Koons] sculpture without thinking about dollar signs,” commented American art advisor and specialist in modern and contemporary art Lisa Schiff. “When it becomes too much about the money, it’s just not interesting. I feel like where he started is somewhere very different from where he went.”

Now, Koons’ new dealers at Pace Gallery (the gallery announced exclusive representation of the artist in April after he left Gagosian and David Zwirner) are faced with the daunting task of rekindling his market. His latest works –  stainless steel replicas of porcelain figurines – are set to appear in a solo show at Pace New York in late 2023 but only time will tell if the market can be swayed once more in his favour.

Sophie Neuendorf is Vice-President at artnet. Find out more: artnet.com

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man with glass decanter
whisky bottle and case

Gordon & MacPhail’s Generations 80-Years-Old from Glenlivet Distillery with decanter and case designed by David Adjaye

On the 3rd February 1940 John Urquhart and his son, George, created a spirit at the Glenlivet Distillery, producing a bespoke Gordon & MacPhail cask, only to be sipped in the following millennium. 80 years later, on 7th October 2021, encased in an oak pavilion designed by David Adjaye, the first bottle is going to auction at Sotheby’s Hong Kong. Candice Tucker reports

Generations 80 Years Old from Glenlivet Distillery, Gordon & MacPhail’s latest release and the oldest single malt Scotch whiskey ever bottled, will go on auction this week along with the number one decanter and casing designed by Sir David Adjaye.

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“Maturing a single malt Scotch over eight decades is an art, similar in many ways to architecture where you are creating something that needs to stand the test of time,” commented Ewen Mackintosh, Managing Director at Gordon & MacPhail. “Both Sir David and Gordon & MacPhail share a commitment to invest in the future. We both see the significance of creating something exceptional; leaving a legacy for future generations.”

man with glass decanter

Adjaye with the crystal decanter

The British-Ghanian architect’s casing takes the form of a pavilion-like structure made from oak while the crystal decanter was hand-blown at Scotland’s Glencairn Crystal Studio with two cut lenses that magnify the liquid inside and a darkened oak top. “I wanted to create a design that pays tribute to the role oak plays in transforming liquid into an elixir with almost magical properties,” explained Adjaye.

Read more: Milk Honey Bees Founder Ebinehita Iyere on youth work & creativity

The highest bidder at auction will also receive one-of-one signed lithograph of Sir David’s original, concept drawings and a whisky tasting experience for four in London, conducted by Gordon & MacPhail’s Director of Prestige, Stephen Rankin and attended by Sir David Adjaye, in addition to the framed original cask head of Cask 340 which cradled the spirit for eight decades.

For more information, visit: gordonandmacphail.com, sothebys.com

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digital art auction

Auctioneer Oliver Barker directing Sotheby’s global e-auctions. Courtesy of Sotheby’s.

As part on an ongoing monthly column for LUX, artnet’s Vice President of Strategic Partnerships Sophie Neuendorf forecasts this year’s emerging trends and evolutions in the art world

Sophie Neuendorf

We’ve just emerged from arguably the most difficult and unpredictable year in recent history. The Covid-19 pandemic caused a synchronised and deep downturn of the global economy in the first six months of 2020. Social distancing measures and a lockdown of businesses in reaction to the health crisis resulted in falling consumer demand and economic output. Skyrocketing unemployment shook consumer confidence, and companies cut back on investments in light of declining demand, supply-chain interruptions and the uncertain future.

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Amid the uncertainties and restrictions caused by the pandemic, fine art auctions plummeted in the first half of 2020. Total sales value dropped across all major regions. According to the artnet Price Database, global auction sales for fine art fell by 59% to $2.9 billion in the first half of 2020 compared to a more robust performance of $7 billion in the first six months of 2019.

art world graph

Infographic courtesy of artnet

However, despite a 29% decrease in both the number of lots offered and sold at auction year-over-year, the global sell-through rate remained steady at 65% in the first half of 2020. Major auction houses pivoted to online platforms, generating some incredible virtual transactions. In June, Sotheby’s sold Francis Bacon’s Triptych Inspired by the Oresteia of Aeschylus (1981) for $85 million. Roy Lichtenstein’s White Brushstroke I (1965) achieved $25 million.

Even though 2020 will most likely be remembered as one of the most unpredictable and difficult years in modern history, it also pushed boundaries and accelerated the art world into the digital age. With this backdrop in mind, I’m going to take the risk and make 7 art world predictions for the year 2021 – because, if anything, last year has set the stage for some ground-breaking changes to aspire to.

1. Digitalisation is here to stay.

Plato was right: necessity is indeed the mother of invention. During the COVID-19 crisis, one area that has seen tremendous growth is digitalisation, meaning everything from online customer service to remote working to supply-chain reinvention to the use of artificial intelligence (AI) and machine learning to improve the art business. As I discussed in my last column of 2020, the digitalisation of the art market is here to stay. With galleries, museums, and auction houses pivoting online and thinking outside the box in response to the pandemic, a positive trend of accessibility, efficiency, and transparency accelerated within the art world. This also goes hand in hand with a global trend of sustainability and conscious living.

Naturally, an online viewing of art can never quite replace the in-person experience, nor should it. The impact of seeing Da Vinci’s Mona Lisa online is, of course, not quite the same as admiring it in person. However, the transactional element of the art market will emerge as a strong contender to the traditional brick and mortar purchasing process, democratising the art market and opening it up to a new generation of art lovers.

2. Some art fairs will actually happen this year. But they will be a balanced, online/offline experience.

With social distancing still de rigueur this year, it will be difficult for fairs to accommodate their usual amount of art-loving and people-watching visitors. Add to that a gallery’s sky high participation costs, especially after a difficult year, and we’re looking at only very few fairs happening in 2021. My conservative prediction is that those of us able to travel can look forward to visiting ARCO Madrid (which has been postponed to July), Art Basel in Basel, Volta Basel, Frieze London, FIAC Paris, and Basel Miami, at best. The rest of us will have to enjoy the virtual editions of these fairs again this year.

Read more: COMO Group CEO Olivier Jolivet on travel trends for 2021

3. Galleries will evolve as serious contenders to art fairs and traditional auction houses.

Gallerists have always been of utmost importance as a bridge between the creative genius of an artist and the wider public of art lovers and collectors.

This year, galleries who have embraced the innovation which the Covid-19 pandemic necessitated will emerge stronger than ever. Either through online sales and viewing rooms or through collaborations with other galleries and institutions, these art dealers will rise as serious contenders to brick-and-mortar auction houses.

4. Some young artists will start bypassing galleries and begin selling directly out of their studio via social media or other websites.

It’s already a widespread practice among young artists in Asia and I foresee it crossing over to Europe and the US this year. With countless galleries, unfortunately, having been forced to close over the last year, many artists may have become increasingly accustomed to selling via social media and other websites. Especially young artists may be inclined to bypass the traditional route expected of them by the art world, and chose to build their careers independently.

pop art

Roy Lichtenstein’s White Brushstroke I (1965) was sold by Sotheby’s for $25 million. Image courtesy Sotheby’s

5. Socio-economic issues will be at the forefront of major gallery and museum shows this year.

Artists have, historically, documented moments of change and upheaval. After a year that has compelled us to come to terms with a global pandemic, has seen us fight for equality during the Me Too and BLM movements, as well as confront global warming, now’s the time to examine these pivotal moments within gallery and museum shows.

The arts are known to push boundaries and open up discussions around difficult and oftentimes painful subjects in a spirit of tolerance, curiosity, and learning. I believe that galleries and institutions will harness this unique moment to exhibit artists who are capturing the zeitgeist.

contemporary art

Francis Bacon’s Triptych Inspired by the Oresteia of Aeschylus (1981) was sold for $85 million at auction by Sotheby’s in June 2020. Image courtesy of Sotheby’s.

6. There will be more fine art works sold at auction this year than over the last few years.

Given the global economic and private difficulties we are currently facing, it wouldn’t be surprising if the IRS, a divorce attorney or the grim reaper force the sale of many a private collection. It’s a rather gruesome prediction, but historically the art market has been very active during a time when some micro or macro-economic situations are under stress.

Looking at Deloitte’s Art & Finance report or artnet’s Intelligence Report, fine art has gradually emerged into a serious asset class. When you compare fine art sales to the S&P, for example, more often than not it is art which is a safer alternative asset than stocks or even real estate. It is highly likely that many artworks will find speculative buyers this year, as economic changes and challenges will cause a shift in wealth.

Read more: Visual artist Clara Hastrup on her studio experiments

7. There will be a major shift in the market resulting in a new focus on quality rather than quantity.

Life was moving along as rapidly and frivolously as usual during the months before the Covid-19 pandemic forced us into seclusion. It struck me even then that the art world was moving into an unhealthy direction, where being seen at a champagne reception was more important than the quality of work on display. Where people-watching at Frieze or Basel was far more interesting than any oeuvre, and gossiping about people or prices trumped any serious deliberations of the works on view.

However, the past year has forced all of us to focus on what’s truly meaningful within our lives and on how fleeting it actually is. How do we really want to spend our time? Do we actually have to visit all of those art fairs and events? Perhaps we should seize the moment and focus on those artists and personal interactions that really enrich our lives.

This may seem like a rather wild prediction, but I’m certain that only those galleries, fairs, and institutions will survive that really concentrate on bringing added value to our lives. Perhaps we will move to a ‘new normal’ where multiple editions of the same fair or gallery are unnecessary, but are, instead, complimented by an incredible and easy to access online offering. Now is the time to excite with quality, depth, and innovation – because time is precious.

art world infographic

Infographic courtesy of artnet

8. Art will not only evolve as an asset class, but also as a financial product.

Over the past few years, art has slowly evolved as a serious contender to assets such as gold, stocks, or real estate – and it is arguably a much more stable asset. Given the high barriers to entry into the art market, specifically to the high-returns, blue chip market, I predict that there will be a derivative product developed soon, to be traded on the market similarly to other indices.

Price indices offer important insights for anyone looking to track the performance of a collection of artworks produced by a single artist or movement. At artnet, for example, we already provide an innovative price index methodology that relies on the unique strength of our flagship product, the Price Database. Our proprietary method creates indices that track the evolution of artwork prices over time, which can be tailored to focus on artworks belonging to a specific medium, movement, size, or any combination thereof, and in comparison to other indices, such as the S&P. It’s only a matter of time until the exchange traded derivative is developed. Stay tuned!

Follow Sophie Neuendorf on Instagram: @sophieneuendorf

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pink diamond

The Spirit of the Rose pink diamond, will be auctioned by Sotheby’s on 11 November

In celebration of an upcoming sale of an ultra-rare Russian pink diamond known as The Spirit of the Rose, Sotheby’s invited fashion editor Carine Roitfeld to style a contemporary ballet performance of the Ballets Russes’ acclaimed 1911 Le Spectre de la Rose. On the eve of the auction, Sotheby’s jewellery specialist Benoit Repellin discusses the historic relationship between jewellery and dance

‘Dance is an art and I think jewellery can also be seen as a form of art. As I generally say to clients, there are three things to look at when admiring a jewel or thinking of buying one at auction: nature, art and provenance. Nature being the quality of the stone; art being the jewel and the craftsmanship involved in the cutting of a stone or the making of a piece of jewellery; and provenance being the history of the piece.

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There are several links between the different worlds of art, fashion, dance and jewellery. Between 1909 and 1929, the Ballets Russes really engaged all the disciplines and brought together artists from the different fields to work on a ballet. It was a social phenomenon, and jewellery designers attended ballet performances and took inspiration from the movements, the costumes and the decors to bring new vocabulary and motifs into jewellery.

women in changing room

three women

Carine Roitfeld (middle) with ballerinas Bianca Scudamore and Naïs Duboscq from Opera National de Paris

Charles Jacqueau, the main designer at Cartier, attended ballets, took details from the performances, inspiration from the dancers, the costumes, the colours, and translated them into amazing jewellery pieces. Van Cleef & Arpels took the motif of the ballerina and made brooches set with gemstones, in the late 1940s, and it is still one of their most popular design. I think the beauty and poetry of dance and jewellery are meant to be linked and it appeals to a lot of connoisseurs.’

rough pink diamond

The rough diamond was originally named Nijinksy after the ballet dancer. It was later renamed ‘The Spirit of the Rose’

‘The rough diamond mined in Russia in 2017 was named Nijinksy, a testimony and homage to one of the most famous Russian ballet dancer from the Ballets Russes company. The best-known performance and the one that’s most strongly associated with Valslav Nijinsky is Le Spectre de la Rose (The Spirit of the Rose), which premiered in Monte Carlo in 1911. This is the name Alrosa, the diamond company which mined and cut this exceptional, ‘fancy vivid’ purple-pink diamond, gave to the faceted stone.’

Read more: The Art of Listening with the APERIO Headphone System

‘The occurrence of pink diamonds in nature is extremely rare in any size. Only one per cent of all pink diamonds are larger than 10-carats and only four percent of all pink diamonds are graded ‘Fancy Vivid’ and display a rich, vivid colour. Having the opportunity to offer a large polished pink diamond of over 10-carats and with the richness of colour and purity of The Spirit of the Rose is, therefore, truly exceptional. The diamond’s character and immense presence is further enhanced by its oval shape. It is a truly mesmerising stone; a natural wonder, steeped in Russia’s century-long diamond tradition and cultural heritage.’

‘We’ve been wanting to work with Carine Roitfeld in some capacity at Sotheby’s for a while. A fashion icon and visionary creative, her voice was something that we wanted to bring to Sotheby’s in a way that would be disruptive and new. With this in mind, when the Spirit of the Rose came to us, we thought of Carine instantly. Not only is she half Russian, but she herself was once a dancer and her favourite ballet is in fact Le Spectre de la Rose, which was a favourite of Karl Lagerfeld’s as well. Bringing her eye and visual sensibility, we asked her to style Le Spectre de la Rose as a tribute to The Spirit of the Rose and to bring this magnificent diamond to life. It has not disappointed!’

Watch the teaser video of the ballet performance below:

The Sotheby’s live auction of ‘The Spirit of the Rose’ takes place on 11 November at 8:30 PM CET. To register and for more information visit: sothebys.com

 

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vintage ferrari
vintage ferrari car

This 1995 Ferrari F512M Coupé will be on sale at the Bonhams auction in Zoute, Belgium on October 11

Modern classic cars, desirable machines from the 1980s onwards, are hotter than ever, with demand not damped by the pandemic or constraints against driving. So for that reason, LUX Editor-in-Chief Darius Sanai says he is reluctantly putting his beloved Ferrari F512M, one of the craziest Ferraris of them all, up at auction with Bonhams

The economic ramifications of the coronavirus across the upper echelons of the collecting market have been unpredictable. Walking home from an emptying office at the start of the lockdown in London in March, I bumped into a gallerist friend, who was in the process of locking up the doors of his famous gallery in Mayfair for a potentially indefinite period. What did he think would happen in the art market, I asked him (this was a time when I naïvely believed that people would knew the answers to questions like this). “Carnage!” he said.

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Last week I was having a drink with another friend, one of the most significant collectors of contemporary art in Britain, and a good client of the same gallerist. My friend was bemoaning the state of his investments – not his stock market investments, which were doing very well, but the companies and people he has invested in directly. The companies are in the hospitality and retail sector, and having to let good people whom he knew and liked go was was eating him up, giving him sleepless nights, he looked drawn, despite his fitness regime and wealth. And how was the art market, I ventured, expecting more sharp intakes of breath, and of single malt. “Brilliant! I’m selling, and the prices are amazing!”

sportscar

2014 Bugatti Veyron 16.4 Grand Sport Vitesse sold for $1,750,000 at the Quail Motor Car Auction in August.

My friend’s observation was evidently a reflection of the specialised part of the top end of the market in which he is selling – abstract expressionism. The art world itself has been hit severely by lockdown. According to one survey, by UBS and Art Basel, art gallery sales fell by 36% in the first half of the year – although falling sales do not equate to falling prices for the most desirable works.

Another part of the collectibles market that could logically have been expected to collapse during the last ten months, but which has not, is that of classic cars. The sector has even more going against it than the art world at the moment. Announcements by governments that the sale of new fossil fuel cars will be banned during ever shorter time spans; ever stricter restrictions on driving in cities; coronavirus-induced road changes in favour of cycles and pedestrians.

vintage green sports car

1956 Lister-Maserati 2.0-Litre Sports-Racing Two-Seater sold by Bonhams for £575,000.

And unlike collectors of Rothkos, the classic car market is not restricted to ultra high net worth individuals who have seen the size of their wealth increase during coronavirus due to a boom in the stock market. Classic cars encompass everything from £5000 MGs to £50m Ferrari GTOs. And the different segments of this market, while separate, are not hermetically sealed. If the price of a Ferrari Daytona drops, then a Ferrari 355, at a tenth of the price, also tends to drop. Yet, despite everything, the classic car market has been doing well across some of its tiers.

Read more: British artist Marc Quinn on history in the making

“Despite the challenging circumstance, the collectors’ car market has fared better than other sectors,” says James Knight, Executive Director at auction house Bonhams. “Although some sellers were initially concerned that the timing was right for selling a valuable collectors’ motor car, our (online live auction) system has been successful. We have sold cars and have sold them well – many at pre-COVID level prices. This success has given others confidence and we’re seeing healthy volumes come to market and being sold for market-correct prices.”

Knight says the market has been doing particularly well in the “hot” area of modern classics, cars desired by the latest generation of collector. “We are seeing a trend towards more modern classics and supercars becoming ever more popular. The demographic of buyers is changing – younger buyers are entering the classic market and they are looking at the ‘poster’ cars of the 1980s, 90s and even of this century.”

Vintage red sports car

The Ferrari F512M had the final development of Ferrari’s famous “Flat V12” engine.

So, with this in mind, I have entrusted my beloved “modern classic” Ferrari F512M for sale at Bonhams auction in the swanky silver seaside resort of Zoute in Belgium on October 11.

After I bought it, in 2015, and drove it across southern England for the first time, I saw it as the last car in my small collection that I would sell. The F512M has all the elements of a true collectable. It is rare: only 500 were made, in 1994 and 1995. It looks striking, with the celebrated cats claw scratches down the sides, and a wide, flat rear straight out of an arcade game. It is the ultimate iteration, and technical pinnacle, of a famous model: the Testarossa, which was launched in a nightclub in Paris in 1984.

Read more: Four leading designers on the future of design

The Testarossa (Redhead) gained fame in Miami Vice, and was improved into the 512TR in 1991. Three years later, this evolved into my car, the F512M (“M” standing for “Modified” in Ferrari-speak). As well as a modernised front and rear (which does divide opinion – some found the original rear treatment more classic), it was the pinnacle of development of Ferrari engine and suspension of its time. The engine’s internal parts were made lighter by the use of rare metals, the suspension was modified for even racier handling, and the car in general was given the performance needed to be at the top of the Ferrari tree in the mid 1990s. The F512M was the fastest road car in the world, until the appearance of the special edition Ferrari F50, costing a multiple of the price, in 1996.

It is a quite astonishing thing to drive. The F512M has no power steering, And while it is a lighter car than its replacement, the 550 Maranello, it does as a consequence need quite an effort to haul it around corners in town. The flipside is there is nothing interfering with the communication of the road surface to your fingers, when you get out on to faster roads and the steering becomes both manageable and responsive. Power-assisted steering systems, and particularly the latest electronic power assisted systems, cannot compete in terms of pure road feel. And the F512M’s manual gearbox (newer Ferraris have the easier-but-less-exciting paddleshift) is such a thing that a senior Ferrari executive drove my F512M and tweeted about it in delight.

red sports car

Ferrari steering wheel

Bonhams director James Knight says this particular example has the “holy trinity” of superb condition, perfect provenance and low mileage.

The subsequent 550, and later V12 Ferraris, were tuned more towards comfort and cruising, attracting a broader selection of buyers than the hardcore purchasers of a F512M. And the focussed and rare nature of the 512 is reflected in its price: good examples retail for two to three times the price of its more modern, comfortable 550 Maranello successor. Indeed, the F512M is the the last of a monstrous line that began with the 365 Berlinetta boxer in 1973, a family of Ferraris with a 12 cylinder engine placed not under the bonnet, but right behind the driver and passenger’s head. The sound, from centimetres away from your ears, when accelerating at full spate, is quite frightening – as if you are inside the jaws of a ravenous Tyrannosaurus Rex.

There is something else quite special about the F512M. Every Ferrari made afterwards was equipped with safety devices like stability and traction control, which meant that if you were about to lose control of the car by accelerating too fast around a corner, the car would notice, and stop you from doing so, electronically.

vintage ferrari

The F512M being sold by our Editor-in-Chief was previously owned by one of Spain’s most prominent collectors, who kept it alongside the rest of his Ferrari collection in a heated underground garage. When we bought it, we put it though Ferrari’s official 101 point Approved car check, which it passed with flying colours

Not only does the F512M not have any kind of safety control “nanny”: it is also the most powerful-ever general production Ferrari with a V12 engine placed behind the driver. On the one hand, this means for thrilling handling: turn the feelsome steering wheel, and there is no engine weight over the front wheels to create inertia by creating momentum through its mass and resist the turn. It just turns.

The corollary of this is that when the back of the car also turns, a nanosecond later, the mass of the engine turns with it, and if you get your cornering wrong, will wish to continue turning, American-cop-car-in-street-chase-style, until you go round in a circle. Keeping this under control at high speed would be both a challenge and a delight – although to be fair, the advanced suspension and huge rear tyres mean breaking traction only really happens when you want it to. I’ve never done it.

Read more: How Chelsea Barracks is celebrating contemporary British craft

So why am I selling it? Firstly, I simply do not have the opportunity to take it out onto the road where it can be driven properly. This is a car that needs to be driven from London to Tuscany at high speed. I barely have time on a weekend to get from London to Oxford.

Also, in the little leisure driving time I have, I have become an increasing cultural fascist about convertibles. I believe cars with open tops are right, and everything else is wrong. Or something like that.

Vintage sports car

1959 Porsche 718 RSK Spyder, sold for $2,232,500 at Bonhams Quail Motorcar Auction in August.

Sadly, they did not make an open top version of the F512M. So, I want to sell it and put the money towards an open-topped V12 Ferrari. You will find full details of my magnificent F512M, which I purchased from one of the most prominent collectors in Spain, here.

As Knight himself says about this car: “The Testarossa is one of the modern Ferrari icons and the F512M was the final and the rarest version with just 501 examples produced. This is a very special motor car as it represents the ‘holy trinity’. It is offered in superb condition, having been exceptionally well-cared for; it has covered fewer than 20,000 kms and has the all-important provenance, which includes full Ferrari service history.”

If you’re the lucky buyer, please promise me a ride. I will miss her. And meanwhile, long may the market for collectibles thrive – after all, driving a two-seater Ferrari, you and your passenger are in glorious self-isolation as you hurtle towards your destination, enjoying every second.

For more information visit: bonhams.com

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Reading time: 9 min
Woman sitting on leather sofa in a contemporary space
Woman sitting on leather sofa in a contemporary space

Shirin Neshat at home in New York City

Shirin Neshat’s devastatingly striking art combines dream, reality and an undercurrent of anger and sadness. As a major retrospective of her work is held in Los Angeles, Millie Walton meets the artist at the launch of her collaboration with celebrated Italian winemaker Ornellaia, famous for its artist labels

Portrait photography of Shirin Neshat at home in New York by Maryam Eisler

Iranian-born filmmaker and artist Shirin Neshat sits demurely drinking a cup of coffee in the palatial breakfast room at Baglioni Hotel Luna in Venice. It’s the morning after the Sotheby’s auction at the Peggy Guggenheim Collection which saw the sale of limited-edition bottles of 2016 Ornellaia wine with Neshat’s label artwork. A total of $312,000 was raised, with all profits going to the Mind’s Eye programme, which was conceived by the Solomon R. Guggenheim Foundation to help blind people experience art through the use of other senses.

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The success of Neshat’s collaboration, following that of William Kentridge’s in 2018, was well deserving of late-night celebrations, but the artist is composed and alert, her jet-black hair scraped tightly back from her face, and her dark eyes lined with black kohl. It’s a look that would seem somewhat severe or even theatrical on most, but Neshat wears it with authenticity, grace and a sense of homeliness. She pulls up another chair close to hers so that I can hear what she’s saying over the clamour of the breakfast buffet and tells me that she’s been ordering coffee to her room each morning and is worried that Ornellaia will have to foot the bill. Given the sum raised last night along with Neshat’s status as the world’s most important and widely recognised contemporary Iranian artist, it’s hard not to laugh, but she speaks softly and sincerely, taking time to consider each of her answers and apologising when yet another admirer interrupts for an autograph. She has a lot of fans it seems, yet her politically engaged work continues to generate debate. She admits, “Some people dislike what I do. There are a lot of people who hate my work in Iran, but still it is discussed, so I think I’m relevant.”

Monochrome image of white-shirted men on a cliff edge

Veiled women walking across a beach towards the sea

Here and above: stills from Neshat’s video Rapture (1999)

Neshat was born in the city of Qazvin, north-west of Tehran, but left for California at the age of 17 to finish her schooling. Her training as an artist began with her undergraduate and masters degrees in fine art at the University of California, Berkeley. However, she abandoned art-making and moved from Los Angeles to New York in the early 1980s. It was a decade later, through photography first and then film, that she found her artistic vision. She has now been working as an artist for more than 30 years and has won numerous international awards, including the Golden Lion at the 1999 edition of the Venice Biennale for her powerful short film Turbluent, which explores gender roles and social restrictions in Iranian culture. The film plays out on two screens: one shows a male performer singing a love song by the 13th-century Persian poet Rumi to a large audience of men, whilst on the other screen, a veiled woman waits in an empty auditorium, her back turned to the camera. When the man’s performance finishes, the woman begins a wordless song of guttural cries, mournful melodies, panting and animalistic screeching. This film was not only significant in establishing Neshat’s career, but also in paving the way for her succeeding works, which all, in one way or another, deal with the restrictions of female experience. Though embedded in narratives of conflict, Neshat’s work offers a sense of hope in which women find freedom through art in all its various guises.

Monochrome image of hands inscribed with symbols

Artist labels for wine bottles

Neshat’s designs for Ornellaia’s ‘La Tensione’ bottle label

Man shaking hand of woman at event

Neshat with Ornellaia’s estate director Axel Heinz

Given these preoccupations, the artist’s decision to collaborate with Tuscan winemaker Ornellaia is somewhat baffling. “In our culture, wine is a way not to escape, but to transcend reality and so [drinking wine] is a sacred, spiritual act,” says Neshat. “But in general, I feel like an occasional step out of your own milieu is actually very positive. For one thing, it puts your work in front of a new audience, but also, for me, [commercial work] is an attractive way of financing my projects. I make work that takes me six years and I make zero money so I think that any patronage that finances your practice and gives you the freedom to do your work is great.” Her series of images for Ornellaia, interpreting the theme ‘La Tensione’ which gives this vintage its name, depict white hands inscribed with Persian script, luminous against a black background. The use of hands, along with literature and monochromatic shades are all typical of Neshat’s aesthetic and imbue the work with a haunting, dreamlike quality. “I’m very interested in the subtlety of body postures and how they can reveal emotion, especially coming from the Islamic tradition and how provocative and problematic the body can be,” she says. “There’s a certain universality about hand gestures.” She places one palm against her chest: “This, for example, could be love”.

Portrait of a man illustrated with Farsi script

Ibrahim (Patriots) from The Book of Kings series (2012) by Shirin Neshat

The work is reminiscent of Neshat’s first series of black-and-white photographs, entitled Women of Allah (1993–97), which was created following the artist’s return to Iran in 1990, her first visit following the 1979 Islamic Revolution. When Neshat arrived back in Iran, it was in the wake of dramatic cultural changes. Women of Allah not only marked the rebirth of her making art, but also her engagement with the country’s political landscape – an engagement which led to her current state of exile. The series focuses on female martyrdom, showing veiled women holding weapons, their faces, hands and feet again inscribed with Farsi poetry, highlighting the revolutionary Iranians’ dual identities as both Persians and radical Islamists, as well as the tension between devotion and violence.

Read more: Introducing the next generation of filmmakers at Frieze LA

Her practice continues to be preoccupied with contrasts, highlighted by the minimalism of black and white, but also with conflict. “There are plenty of artists whose making of art is an aesthetic exercise, which is important because it has intellectual and artistic values of the highest level,” she explains. “But for artists born to a country like Iran, the relationship to art is personal in a way that it cannot be separated from daily realities. I don’t think we have the emotional capability of distancing ourselves from these issues, and it is an incredibly fulfilling process when you make work that is politically conscious. It also means that you have a relationship with an audience that is larger than the [usual] art audience because people are able to identify with the subject matter.”

Woman crouches in doorway to stroke dog

Despite Neshat’s acute political engagement, her work has a sense of timelessness achieved by incorporating literature and music as well as elements of the surreal. “Music is very existential,” she says. “It sort of neutralizes a political reality, but it also contains all these cultural references and has a strong physical impact. Powerful music affects your heart.” This is perhaps most apparent in Turbulent, which was inspired by a young blind woman who Neshat saw singing on the streets of Istanbul. Many of her works have involved collaborations with composers and musicians as well as writers and cinematographers. “It’s an essential part of my work to collaborate, especially with people who know me and my work well,” she says. “I’m doing a lot of work in media that I never studied. It’s been really interesting to surround myself with people who have the expertise.”

Artist working in her studio

The artist in her studio

Neshat’s artistic ‘family’ is international, but she has gravitated towards other Iranians in New York: “I am sitting on the outside [of Iranian culture], others are by choice and others not; either way, we’re naturally drawn to each other and spend a lot of time helping each other. I do feel integrated in American culture as far as the artwork goes, but I can also see the limitations of not being Western, when your practice is considered to be a little bit outside the box.” Reflecting this duality, Neshat curated ‘A Bridge Between You and Everything’, an exhibition of Iranian women artists held at the High Line Nine Galleries in New York in November 2019.

Portrait of a girl sitting in front of illustrated wall

Raven Brewer-Beltz (2019) by Shirin Neshat

Neshat has called New York her home for many years, but her latest project, Land of Dreams, is the first time that she has directly turned her artistic attention towards the US. The project explores her experiences of being an immigrant, focusing on an Iranian woman who collects dreams that portray American people and takes them back to an Iranian colony for analysis. The project is now being shown for the first time as part of Neshat’s major retrospective ‘I Will Greet the Sun Again’ at The Broad in LA, and one wonders at the colony’s interpretations. “It’s kind of an absurd comedy,” she laughs, “but it was also [about] how to tackle a very important political subject – the antagonism between the two cultures as well as the corruption on both sides – through a human surrealism so that it escapes absolute realism. I want it to be timely, but I don’t want it to have no value in a hundred years’ time.” Are these surreal imaginings ever drawn from Neshat’s own dreams? “Yes, I try to write down my dreams every time I wake up. I like how ephemeral dreams are. My work is like the story that comes after.”

‘Shirin Neshat: I Will Greet the Sun Again’ is on show at The Broad, Los Angeles until 16 February 2020: thebroad.org.

Shirin Neshat ‘Land of Dreams’ opens at the Goodman Gallery in London on 20 February and will run until 28 March 2020. For more information visit: goodman-gallery.com

This article was originally published in the Spring 2020 Issue.

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Courtyard party showing large monochrome artwork of hands
Courtyard party showing large monochrome artwork of hands

Iranian artist Shirin Neshat’s label designs on display at the closing ceremony of the Ornellaia auction at the Peggy Guggenheim Collection in Venice

Italian wine producer Ornellia’s 11th annual online benefit auction in collaboration with Sotheby’s and the Solomon. R. Guggenheim museum, featured vintages with label designs by Iranian artist Shirin Neshat. Digital Editor Millie Walton recalls the closing ceremony at the Peggy Guggenheim Collection in Venice

Photography by James Houston

Gliding along the Venetian canals as the sun sets is one of those rare moments when real-life seems to align with cinema. More than a couple of times during the evening, as we stood in the courtyard and then, on rooftop of the Peggy Guggenheim Collection sipping glasses of Ornellaia vintage, someone compared the evening’s scene to La Grande Bellezza. We were invited though, not just for the wine, views and glamorous company, but to celebrate the funds raised by the Sotheby’s conducted auction of Ornellaia in support of the Mind’s Eye Program at the Solomon. R. Guggenheim Museum.

Party guests stand in courtyard watching a screen

Guests watching the final few minutes of the online auction projected onto a screen

Large wine bottle with artistic label

One of Neshat’s label designs

The auction is part of the Italian wine producer’s Vendemmia d’Artista project, which each year, commissions a different contemporary artist to create an artwork for a series of limited-edition labels. The artist is give a single word description of that year’s harvest as the starting point. For Shirin Neshat, the prompt was “La Tensione” (or tension in English).

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Known for her iconic monochrome aesthetic and poetic vision, the Iranian artist produced a haunting series of photographs of luminous white hands captured in various postures and inscribed with Persian script. These images became labels for bottles of the 2016 vintage, which were auctioned in 11 unique lots, the most coveted of which included a visit to the Ornellaia vineyard and a luxurious overnight stay.

Two women speaking at a drinks party

Artist Shirin Neshat, who produced a series of monochrome photographs for the Italian wine producer

Following a series of speeches from various team members at Ornellaia and Neshat herself, the auctioneer called an end to the bidding, announcing an impressive total of $312.000.

For more information on Ornellaia Vendemmia d’Artista visit: ornellaia.com/en/vendemmia-d-artista

 

 

 

 

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Sir Elton John standing with a Bentley sports car
Sir Elton John standing with a Bentley sports car

David Furnish and Sir Elton John with the Bentley Flying Spur at the Elton John Aids Foundation Gala in Antibes, France. Photo by David M. Benett/Dave Benett/Getty

Bentley auctions its new First Edition Flying Spur to raise funds for the Elton John Aids Foundation at a Midsummer gala in Cap d’Antibes

On Wednesday evening at Villa Dorane in Cap d’Antibes, the Elton John Aids Foundation hosted its first Midsummer party, welcoming guests for a cocktail reception followed by dinner and a live auction where Bentley’s newest model, the First Edition Flying Spur reached a bid of €700,000.

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The winning bidder will be invited to create their own bespoke version of the car through Bentley’s Co-Creation Luxury Service, which is normally offered only to an exclusive selection of clients. Working with the brand’s design team, the owner will have the opportunity to personalise both interior and exterior details. All proceeds raised will go directly to the foundation.

Read more: Jewellery designer Valérie Messika on trends and inspirations

“It’s because of the consistent support and kindness of so many people in this room that we are able to commit the Elton John AIDS Foundation to real partnerships with world leaders that can a make a future without AIDS,’ commented Sir Elton John who hosted the evening with David Furnish.

For more information visit: bentleymotors.com and ejaf.org

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Aerial shot of Château de Versailles, France
Château Mouton Rothschild vintage wines with labels designed by contemporary artists

Five Château Mouton Rothschild vintages will be included in the “Versailles Celebration Cases”

Throughout Spring 2019, Sotheby’s will auction 75-limited edition cases from Château Mouton Rothschild to help fund restoration projects at the Palace of Versailles

Château Mouton Rothschild celebration wine case containing five bottlesRenowned French wine producer Château Mouton Rothschild  is auctioning 75 collector’s cases each featuring five vintages with labels designed by contemporary artists who have also exhibited at the Palace of Versailles, including Giuseppe Penone, Bernar Venet, Anish Kapoor, Jeff Koons and Lee Ufan. Aptly titled the “Versailles Celebration Cases”, funds raised will go towards supporting the ongoing restoration projects at the Palace.

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Aerial shot of Château de Versailles, France

Château de Versailles. Photo by Thomas Garnier, Courtesy Château de Versailles

The auction will begin in Sotheby’s Hong Kong on 1 April, followed by London on 17 April and concluding in New York on 4 May. Successful bidders will also win an invitation to a private tasting at Château Mouton Rothschild, as well as two tickets to the Versailles Celebration Gala Dinner at the Palace of Versailles in September where ex-cellar vintages of Château Mouton Rothschild will be served.

Discover Château Mouton Rothschild’s full list of collaborating artists and labels: https://www.chateau-mouton-rothschild.com/label-art/discover-the-artwork

 

 

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Cile Marinkovic with his family

Auctioning ROKSANDA dresses from super-hot designer Roksanada Ilincic and works by Serbian artist Cile Marinkovic was always going to raise some hands. This week, LUX joined a select audience of eager bidders at the Lifeline charity auction in Mayfair, London. The charity was started by Her Royal Highness Crown Princess Katherine of Serbia in 1993 to raise awareness and aid the treatment of children with disabilities in Serbia.

Read next: Kering’s siren call on sustainability

Alongside Marinkovic and Ilincic, the event was attended by Serbian Ambassador to the United Kingdom HE Mr. Ognjen Pribicevic and numerous of the country’s great and good. Serbian born pianists Nikola Avramovic and Aleksandar Pavlovic, who both now study at the Royal College of Music, filled the room with their mastery.

lifelineaid.org

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