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Passion Investments: Art
Desire Writ Large
Daniel DelRe
06/01/2005

Last November, Sotheby’s auctioned off a 14-foot sculpture by Henry Moore for $8.4 million, far above the $6 million estimate. At the same auction, a piece by the British abstract sculptor Barbara Hepworth fetched $1.13 million, more than double Sotheby’s anticipated price of $500,000.

Given the risks and rewards of buying
art, collectors and dealers advise their clients to look for pieces that reflect their tastes.
The Crucial Context
At events such as Isleworth, experienced buyers hope to avoid being distracted by the sublime landscape, and instead examine hard criteria to evaluate the sculpture on display. Trained eyes focus on the quality of a piece’s surface, or patina, and its condition. Fastidious collectors may also balk at pieces cast after an artist’s death, such as Maillol’s La Méditerranée. This tends to decrease a piece’s value.

The extent to which an artist has been commercialized can be another drag on a work’s value. Last July, art critic Martha Schwendener commented that Indiana’s Love sculpture has been “co-opted by everyone from poster, keychain and candle makers to the United States Postal Service, who reportedly paid the artist a thousand dollars for what became one of their most popular stamps.” Botero’s works are equally omnipresent in souvenir shops and gift stores around the world.

LE MEDITERRANEE by Aristide Maillol was conceived in 1902 and cast in 1975. The sculptor based this 4-foot piece on his favorite muse, Dina Vierny.
Given the risks and rewards of buying art, collectors and dealers advise their clients to look for pieces that reflect their tastes and mesh with their personality. When it comes to monumental sculpture, however, the paramount criterion is whether the piece fits into its surroundings. A sculpture out of synch with its environment becomes an eyesore rather than a testament to the taste and sophistication of its owner. For this reason, Connery and Sotheby’s have devised a method for buyers to “test-drive” monumental sculpture before settling on a piece and its final location.

At the 2004 Isleworth exhibition, a European buyer considered purchasing Rodin’s 9-foot, 8-inch, rendering of the French novelist Honoré de Balzac. Awed by its size, the buyer hesitated, wondering if the piece would work well within his garden. To help him make up his mind, Sotheby’s staff took photos of the statue from all four sides and enlarged them to life-size. Then they pasted the photos onto a lightweight rectangular box that could easily be moved from the golf course to the owner’s premises. Once there, they maneuvered and manipulated the model until they found the right spot for the real thing. In the end, Sotheby’s clinched the sale.

Daniel DelRe is an intern with Worth. danield@worth.com
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» Artful Dodges
» The Hidden Costs of Art Collecting
» Artful Beginnings
» Caveat Collector
 
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