business art may 2009

8
Michael Coulson For some months now, those who travel along Jo’burg’s Jan Smuts Avenue have noticed a strange elliptical concrete structure slowly rising on the corner of Jellicoe, just down the road from the Everard Read Gallery. The corner site was actually bought by the gallery 20-odd years ago, when the then owner, the old Johannesburg City Council, decided it was surplus to requirements, but for most of the time since then it stood idle, used mainly for surplus parking during gallery openings. How to develop it has thus had a long gestation. For years the gal- lery’s present director, Mark Read, felt that the gallery’s handsome and much-loved premises rather petered out on the western bound- ary, and at one time considered building a small space – “nothing ambitious” for contemporary art there. But gradually the concept expand- ed, and a desire grew to put up a multi-purpose building that would be an adornment to the city. Also, partly through the passage of time and partly given greater freedom after buying out other members of the family from the business, his own horizons expanded. The final building block fell into place when he met architect Pierre Swanepoel, and discovered in enthusiastic discus- sions that they shared a vision of what could be done. When I first spoke to Read about the building, last year, unof- ficial cost estimates were put at R10m-R12m, and he planned an environmentally positive project. Today he ruefully admits that those were vain hoped. “The cost has gone way north of that, as for an elliptical building almost every component has to be purpose- made, and you can hardly have a less environmentally sound build- ing than one made of concrete with an aluminium cladding.” Nevertheless, the building will reflect Read’s growing interests in things other than selling art, espe- cially palaeontology. The building will basically have three levels (“Unless some day I build a pent house on the top”). The ground floor he describes as a project and office space, with a ramp curling up to the middle level, a towering exhibition space big enough to sus- pend motor cars from the ceiling, and then another ramp up to the top to accommodate Darwin’s, an oyster bar which will be a private club for his friends. He doesn’t see the exhibition space as primarily for selling art, though that won’t be precluded. Rather, he envisages seasons displaying new technologies. Like building with bamboo, as is being done at a resort he’s involved with in the Seychelles. He’s also increasingly involved with people like Richard Leakey and Richard (The God Delu- sion) Dawkins and wants to show Leakey’s “amazing” East African fossils. He’d like to take works out of museums and show them in a different space, juxtaposed with other objects, and is confident museums will go along with this. For example, the old Transvaal Museum has a chunk of moon rock: he’d like to show this next to a coelacanth and a DNA machine. Other possibilities seem limit- less. “All I can say is that it will be a confused and non-directional path.” He hopes outsiders will also propose relevant projects and events. The building has been named Circa – Latin for about. “This is the perfect name, because it’s not actually any one thing. In some ways it’s like an opera house, but it’s really a techno-space that can take on many identities.” It’s planned to link it across Keyes Avenue with the existing building, though Read is still vague on pre- cisely how this will be achieved, which will have to be determined in conjunction with the Jo’burg Metro. The first show, towards the end of the year, will be a collaborative ef- fort by Willem Boshoff and Karel Nel. “I couldn’t wish for a better duo.” Read stresses that his relatively new minority shareholder, banker Paul Harris, has not put up any of the money, “though he loves the project.” The existing business will have to pay for it. “It’ll be tight, but we’ll manage it.” If passion is any determinant, this shouldn’t be a problem. With newspapers in terminal decline, what future for arts journalism? Coverage of the arts is migrating online but unless someone is prepared to pay for it, the outlook is uncertain By András Szántó From The Art Newspaper www.theartnewspaper.com From Issue 202 (May 2009) Before we succumb to nostalgia, let’s be clear: arts journalism has never had it easy. Culture, espe- cially in its rarefied incarnations, has never been a high priority for the mainstream press. Criticism is a strange bird in an enterprise devoted to “objectivity” and mass readership. And news bosses rarely care about “soft” arts stories. They are into “hard” reporting on wars and money and sport—boys’ stuff. Instead of a reliable income, arts journalism has paid dividends in the form of access to art and a voice in cultural debates—that, and an occasional VIP pass, dinner invite or goodie bag. Recently, though, the situation has taken a turn for the worse. The imminent demise of printed newspapers is no longer a panel discussion topic, but a reality. Many US cities including Denver and Seattle are losing their second papers; others (including, pos- sibly, San Francisco, Miami and Philadelphia) are contemplating life without a printed daily. The Detroit Free Press is only printing a paper edition three days a week. Even the New York Times, its stock worth barely more than its Sunday edition, has sold its Renzo Piano tower, imposed steep cost cuts, and is threatening to close its subsidiary, the Boston Globe. The massively overleveraged Tribune Company, owner of dozens of newspapers, is in bankruptcy, leav- ing the fate of the Chicago Tribune and the Los Angeles Times in the balance. At the Los Angeles Times, newsroom positions have been cut by half over the past decade, and arts coverage substantially reduced. An aptly named blog, Paper Cuts, counts 24,000 news- paper jobs lost in the US since the start of last year. The outlook for newspapers on both sides of the Atlantic is dim. Arts journalism as we used to know it is sinking with the ship. The forces undermining the news business are the same every- where and have been extensively catalogued by now. Studies show, however, that arts journalism is not being singled out for inequitable rollbacks. The problem is that the cuts are deepening an already miserable shortage of resources, set against a cultural universe that continues to expand. We are past the tipping point: it has become acceptable to run a paper with just a skeletal culture staff. Specialised writers are giving way to general- ists. Culture sections are being tossed overboard (standalone book review sections, in particular, are a dying breed). Article lengths and “news holes” (space for editorial content) are shrinking. All this has eviscerated newspapers’ ability to deliver quality arts coverage, which, as a result, must migrate elsewhere. Beyond the tipping point But where? Many experts believe that daily newspapers will never find a way back to sustaining solid arts journalism. Magazines are do- ing marginally better, but they can- not shoulder the burden of timely local arts coverage, especially for non-specialist readers—and some are folding. The news industry, on the whole, was too slow to embrace the internet and deploy its once abundant war chests to find new ways of capturing readers seeking information, services and communities. Myopically obsessed with their traditional product, newspapers failed to acquire, let alone invent, game-changing technologies such as Craigslist, Facebook or the Kindle. Under relentless shareholder pres- sure, publishers have tried every game in the book to monetise journalism on the web—from charging for online subscriptions, to fencing off “walled gardens” of premium content, to surrounding journalism with clever advertising. Lately, some executives have been pinning their hopes on an iTunes- style micro-payment scheme. Last month, the Associated Press threat- ened to make sites that link to its content pay up or face legal action, while Rupert Murdoch warned: “People reading news for free on the web, that’s got to change.” But so far nothing has worked. No substitute for newspapers’ monop- oly on local and classified advertis- ing has emerged. For Douglas McLennan, publisher of ArtsJour- nal, a popular arts newsletter and link aggregator (with 50,000 daily users), it is simply too late for papers to innovate their way out of this quandary. “We just need to regretfully bid them adieu and get them out of the room, because they are sucking up oxygen. It is going to make it difficult for the new models to take hold until some of this dead wood is pushed out.” Now the good news: it is only a matter of time before someone puts the pieces back together again. The search for a hopeful future begins with the insight that although journalists and publica- tions are suffering, readership is up by wide margins. More people than ever are reading and writing about art, thanks to the web. The problem is not the scarcity or the quality of arts journalism (the latter has always been mixed), but that no one is paying for it—at least not yet. Broadly speaking, there are three ways forward from here. Recreating economies of scale Clearly, arts journalists aren’t disappearing. They are just moving online. Technorati lists 185,000 “arts” blogs at present, including 5,396 on “art criticism” and 1,858 on “arts journalism” (disclosure: I am a co-founder of one of them, artworldsalon.com). From a busi- ness standpoint, the question is how to generate audiences around these atomised writers to allow them to collect paid advertising. One strategy is for individual blogs to scale up to a size where their writers become popular “personal brands”. This has happened in political punditry and may happen in entertainment writing. But it is unlikely in visual arts journalism, where audiences even for top writ- ers are thin. A more realistic, already extant scenario links blogs to heavily trafficked journalism, entertain- ment, or aggregator sites, which attract large numbers of readers by providing access to a wide range of news content. New Everard Read Gallery, Johannesburg rises Deborah van Niekerk (2009), From the series ‘The hand that feeds’ Oil on canvas, Now showing at The KZNSA Gallery, Durban, Kwa Zulu - Natal. Until 10 May. see www.nsagallery.co.za for further details BUSINESS ART May 2009 | Supplement to The South African Art Times | E-mail: [email protected] | Member of the Global Art Information Group

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Page 1: Business Art May 2009

Michael Coulson

For some months now, those who travel along Jo’burg’s Jan Smuts Avenue have noticed a strange elliptical concrete structure slowly rising on the corner of Jellicoe, just down the road from the Everard Read Gallery. The corner site was actually bought by the gallery 20-odd years ago, when the then owner, the old Johannesburg City Council, decided it was surplus to requirements, but for most of the time since then it stood idle, used mainly for surplus parking during gallery openings.

How to develop it has thus had a long gestation. For years the gal-lery’s present director, Mark Read, felt that the gallery’s handsome and much-loved premises rather petered out on the western bound-ary, and at one time considered building a small space – “nothing ambitious” for contemporary art there.

But gradually the concept expand-ed, and a desire grew to put up a multi-purpose building that would be an adornment to the city. Also,

partly through the passage of time and partly given greater freedom after buying out other members of the family from the business, his own horizons expanded. The final building block fell into place when he met architect Pierre Swanepoel, and discovered in enthusiastic discus-sions that they shared a vision of what could be done.

When I first spoke to Read about the building, last year, unof-ficial cost estimates were put at R10m-R12m, and he planned an environmentally positive project. Today he ruefully admits that those were vain hoped. “The cost has gone way north of that, as for an elliptical building almost every component has to be purpose-made, and you can hardly have a less environmentally sound build-ing than one made of concrete with an aluminium cladding.”

Nevertheless, the building will reflect Read’s growing interests in things other than selling art, espe-cially palaeontology. The building will basically have three levels (“Unless some day I build a pent

house on the top”). The ground floor he describes as a project and office space, with a ramp curling up to the middle level, a towering exhibition space big enough to sus-pend motor cars from the ceiling, and then another ramp up to the top to accommodate Darwin’s, an oyster bar which will be a private club for his friends.

He doesn’t see the exhibition space as primarily for selling art, though that won’t be precluded. Rather, he envisages seasons displaying new technologies. Like building with bamboo, as is being done at a resort he’s involved with in the Seychelles.

He’s also increasingly involved with people like Richard Leakey and Richard (The God Delu-sion) Dawkins and wants to show Leakey’s “amazing” East African fossils. He’d like to take works out of museums and show them in a different space, juxtaposed with other objects, and is confident museums will go along with this. For example, the old Transvaal Museum has a chunk of moon rock: he’d like to show this next to

a coelacanth and a DNA machine.

Other possibilities seem limit-less. “All I can say is that it will be a confused and non-directional path.” He hopes outsiders will also propose relevant projects and events.

The building has been named Circa – Latin for about. “This is the perfect name, because it’s not actually any one thing. In some ways it’s like an opera house, but it’s really a techno-space that can take on many identities.” It’s planned to link it across Keyes Avenue with the existing building, though Read is still vague on pre-cisely how this will be achieved, which will have to be determined in conjunction with the Jo’burg Metro.

The first show, towards the end of the year, will be a collaborative ef-fort by Willem Boshoff and Karel Nel. “I couldn’t wish for a better duo.”Read stresses that his relatively new minority shareholder, banker Paul Harris, has not put up any of the money, “though he loves the project.” The existing business will have to pay for it. “It’ll be tight, but we’ll manage it.”

If passion is any determinant, this shouldn’t be a problem.

With newspapers in terminal decline, what future for arts journalism? Coverage of the arts is migrating online but unless someone is prepared to pay for it, the outlook is uncertain

By András Szántó

From The Art Newspaperwww.theartnewspaper.com

From Issue 202 (May 2009)

Before we succumb to nostalgia, let’s be clear: arts journalism has never had it easy. Culture, espe-cially in its rarefied incarnations, has never been a high priority for the mainstream press. Criticism is a strange bird in an enterprise devoted to “objectivity” and mass readership. And news bosses rarely care about “soft” arts stories. They are into “hard” reporting on wars and money and sport—boys’ stuff. Instead of a reliable income, arts journalism has paid dividends in the form of access to art and a voice in cultural debates—that, and an occasional VIP pass, dinner invite or goodie bag.

Recently, though, the situation has taken a turn for the worse. The imminent demise of printed newspapers is no longer a panel discussion topic, but a reality. Many US cities including Denver and Seattle are losing their second papers; others (including, pos-sibly, San Francisco, Miami and Philadelphia) are contemplating life without a printed daily. The Detroit Free Press is only printing a paper edition three days a week. Even the New York Times, its stock worth barely more than its Sunday edition, has sold its Renzo Piano tower, imposed steep cost cuts, and is threatening to close its subsidiary, the Boston Globe. The massively overleveraged Tribune Company, owner of dozens of newspapers, is in bankruptcy, leav-ing the fate of the Chicago Tribune

and the Los Angeles Times in the balance. At the Los Angeles Times, newsroom positions have been cut by half over the past decade, and arts coverage substantially reduced. An aptly named blog, Paper Cuts, counts 24,000 news-paper jobs lost in the US since the start of last year. The outlook for newspapers on both sides of the Atlantic is dim.

Arts journalism as we used to know it is sinking with the ship.

The forces undermining the news business are the same every-where and have been extensively catalogued by now. Studies show, however, that arts journalism is not being singled out for inequitable rollbacks. The problem is that the cuts are deepening an already miserable shortage of resources, set against a cultural universe that continues to expand. We are past the tipping point: it has become acceptable to run a paper with just a skeletal culture staff. Specialised writers are giving way to general-ists. Culture sections are being tossed overboard (standalone book review sections, in particular, are a dying breed). Article lengths and “news holes” (space for editorial content) are shrinking. All this has eviscerated newspapers’ ability to deliver quality arts coverage, which, as a result, must migrate elsewhere.

Beyond the tipping point

But where? Many experts believe that daily newspapers will never find a way back to sustaining solid arts journalism. Magazines are do-ing marginally better, but they can-not shoulder the burden of timely local arts coverage, especially for

non-specialist readers—and some are folding. The news industry, on the whole, was too slow to embrace the internet and deploy its once abundant war chests to find new ways of capturing readers seeking information, services and communities. Myopically obsessed with their traditional product, newspapers failed to acquire, let alone invent, game-changing technologies such as Craigslist, Facebook or the Kindle.

Under relentless shareholder pres-sure, publishers have tried every game in the book to monetise journalism on the web—from charging for online subscriptions, to fencing off “walled gardens” of premium content, to surrounding journalism with clever advertising. Lately, some executives have been pinning their hopes on an iTunes-style micro-payment scheme. Last month, the Associated Press threat-ened to make sites that link to its content pay up or face legal action, while Rupert Murdoch warned: “People reading news for free on the web, that’s got to change.”

But so far nothing has worked. No substitute for newspapers’ monop-oly on local and classified advertis-ing has emerged. For Douglas McLennan, publisher of ArtsJour-nal, a popular arts newsletter and link aggregator (with 50,000 daily users), it is simply too late for papers to innovate their way out of this quandary. “We just need to regretfully bid them adieu and get them out of the room, because they are sucking up oxygen. It is going to make it difficult for the new models to take hold until some of this dead wood is pushed out.”

Now the good news: it is only a

matter of time before someone puts the pieces back together again. The search for a hopeful future begins with the insight that although journalists and publica-tions are suffering, readership is up by wide margins. More people than ever are reading and writing about art, thanks to the web.

The problem is not the scarcity or the quality of arts journalism (the latter has always been mixed), but that no one is paying for it—at least not yet. Broadly speaking, there are three ways forward from here.

Recreating economies of scale

Clearly, arts journalists aren’t disappearing. They are just moving online. Technorati lists 185,000 “arts” blogs at present, including 5,396 on “art criticism” and 1,858 on “arts journalism” (disclosure: I am a co-founder of one of them, artworldsalon.com). From a busi-ness standpoint, the question is how to generate audiences around these atomised writers to allow them to collect paid advertising. One strategy is for individual blogs to scale up to a size where their writers become popular “personal brands”. This has happened in political punditry and may happen in entertainment writing. But it is unlikely in visual arts journalism, where audiences even for top writ-ers are thin.A more realistic, already extant scenario links blogs to heavily trafficked journalism, entertain-ment, or aggregator sites, which attract large numbers of readers by providing access to a wide range of news content.

New Everard Read Gallery, Johannesburg rises

Deborah van Niekerk (2009), From the series ‘The hand that feeds’ Oil on canvas, Now showing at The KZNSA Gallery, Durban, Kwa Zulu - Natal. Until 10 May. see www.nsagallery.co.za for further details

BUSINESS ART May 2009 | Supplement to The South African Art Times | E-mail: [email protected] | Member of the Global Art Information Group

Page 2: Business Art May 2009

By Johans Borman

‘Safe as houses’ and ‘you can bank on it’ are just two phrases that come to mind when most of us think about investing in some or other asset class. We have been conditioned, from the time that we were able to comprehend the con-cept of investments, to believe that the value of fixed property and the trustworthiness of our banks are beyond doubt. That was until the ‘toxic debt’-inspired credit crunch of 2008 - which seems to have deepened now, at the start of 2009. With South African collectors pay-ing millions of Rands for works by our most desirable artists, there is no doubt that our art has now become a recognised asset class. In my opinion, ‘investment art’ can be a very misleading concept as it cer-tainly does not apply to all works of art but only to a select group. The core issue, which offers the key to understanding the character-istics and nature of this asset class, is the degree of uniqueness. Every original work of art is a unique creation, which will be interpreted by uniquely different individuals, who will all have uniquely differ-ent views about its appeal, success and value. The investment value of any asset is ultimately determined by its desirability. How desirable a par-ticular asset is depends on diverse factors like the emotional impact it has on the potential buyer, the intellectual stimulation it provides, its inherent quality and condition, how fashionable it is and to what degree the price matches the buy-er’s perception of its current value and its potential for appreciation. Investment characteristicsIn order to make sense of these abstract concepts we need to iden-tify and define the characteristics

that determine that segment of the art market that can be regarded to be of investment quality – thereby justifying its status as an asset class:

DesirabilityIt is a sobering thought that the value of any painting is determined by its desirability only, as it has no intrinsic value such as that of a fixed property or shares in a company with a net asset value. Investments, like ‘blue chip’ shares, are rated by their historical performance and the perception of their expected future performance. These two aspects are largely re-sponsible for the premium paid for such shares, thus reflecting their desirability. It is for this reason that most ‘investment art’ pieces are works by deceased artists who would normally fall under the ‘old masters’ category. Works by these artists have a proven track record of the change in its value over time, which offers a sound refer-ence for predicting its future per-formance. With fashionable trends often evident in the art market, it obviously helps to know that a par-ticular artist’s work has maintained its desirability over long periods of time – unlike some avant-garde contemporary works that can lose their relevance or appeal relatively quickly (Like the ‘Resistance art’ of the eighties).

UniquenessAs mentioned above, we are deal-ing with a unique asset class. Al-though every work by a good artist is an original and unique creation, there needs to be consistency in terms of the technical quality, style and subject matter for the body of work to generate long term inter-est and thus value. Experimental works which do not lead to a sty-

listic development or a new series of works will never be as desir-able as the works which define an artist’s oeuvre. The long term value of any artist’s body of work also requires a great enough number of works that will ensure continuous trade in it – thereby confirming and reinforcing the value over time. The value of works by artists who only produce a few hundred works in their lifetime often suf-fers because of the irregular trade in such works. It becomes very difficult to establish a fair current market value of a particular work when there are no records of recent sales of comparable works. Artists are often criticised for ‘repeating’ themselves when they produce works based on the same subject matter or idea – unfortunately this is exactly what is required to establish a large enough body of work to ensure its long term market value. If Hugo Naudé had only painted Namaqualand’s spring flowers once, these paintings would never have become his most sought after, and therefore valu-able, works.

CollectabilityThe functionality of any work of art can generally be best described as a luxury item which provides emotional and intellectual stimula-tion. It is therefore obvious that, as with other luxury goods, it is only the relatively wealthy members of society who can afford it. From an investment perspective and purely as a theoretic model, it would therefore be prudent to invest in works by those artists which the biggest group of collectors are buying. This would guarantee con-tinuity in the competition for, and trade in, these works and would result in a stable market - under-pinning a steady increase in values.

Internationally, artists’ careers have been made when the right museum curators and collectors started buying their work – collectors like Charles Saatchi have managed to capitalise on this characteristic of the market and made millions of Pounds because of it. The basic requirement to ensure the long term value of any body of work is therefore a large enough group of capable buyers and/or collec-tors. For anybody considering an investment in this alternative asset class, it would be wise to follow those in the know – the experi-enced collectors. Private collectors have much more at stake than any individual dealer or auctioneer, as they are spending their own money and have to consider a far greater investment risk.

Store of valueGiven the current turmoil in fi-nancial markets globally, it is now even more important to consider the stability of the value of any asset one invests in. Historically, the values of top quality works of art have always withstood the short term volatility of the financial markets. With less cash around and with many established banks and corporations going bankrupt, all potential investors have to be extra careful about where they store their wealth. Most experts agree that the focus is now on the preservation of wealth and that the value of invest-ments should be beyond doubt. The stability of the long term value of quality works of art can in short be ascribed to the following:- Unlike other assets, there is passion involved and ‘the heart wills the mind’ when collect-ing art - it is not an unemotional, rational decision based purely on financial principles. Sentiment and the emotional involvement with a

work of art usually provide endless enjoyment for the owner, bringing instant and continuous gratification that does not exist with most other financial investments. - Art purchases are usually not financed – works are bought for cash by art lovers who can afford them. This means that it is highly unlikely that owners would come under pressure to sell as there is no debt to service and we are dealing with people who know how to gen-erate wealth (which enabled them to purchase it in the first instance). - The stability of the art market can also be attributed to the fact that it is a relatively small market where a handful of able buyers/collectors can ensure that it stays healthy and stable at any given time – in stark contrast to stock markets where panic selling can result in an investment’s value being eroded to a fraction of its cost in a matter of weeks.

Buying your profitThe most important difference between art and other recognised asset classes is that it does not pro-vide any income. There is no inter-est, dividends or rental income and the performance of the investment is measured purely in terms of its capital appreciation. Investors will therefore have to be extra careful when deciding what a fair purchase price is as the performance of their investment will be based purely on the entry cost. Unlike other assets where investors can enjoy both income and capital appreciation, which offer greater investment security when combined, the pur-chase price is critical when buying a work of art. This is why an inti-mate knowledge and understanding of an artist’s oeuvre is so important - the desirability (read value) of a work from a particular period, of

a particular subject matter or in a particular style can be multiples of that of other works by the same artist. This aspect of the art market is of course used by unscrupulous dealers to motivate inflated prices based on the record prices paid for the truly exceptional pieces. To avoid being caught in this trap, it is important to have an in depth knowledge and understanding of an artist’s oeuvre and to have repu-table and trustworthy advisors. Finding a reputable, independ-ent art advisor is very difficult – given the subjective nature of art appreciation and the fact that most advisors/dealers/auctioneers are commission driven. The only prac-tical alternative in the South Afri-can market is reputable galleries who are prepared to guarantee the authenticity, condition and value of the works they offer. Dealers who sell works of art as ‘investments’ should be asked to provide the same set of figures and guarantees one would typically expect from an investment advisor. Would they be prepared to guarantee the purchase price in a trade-in or buy-back situ-ation? And, would they guarantee an annual increase in value at a particular rate? One should not expect independent advice from agents or auctioneers who are selling works on consign-ment for a commission – they usually ring-fence themselves with ‘conditions of sale’ to limit their responsibility. ‘Buyer beware’ should flash in everybody’s mind when attending an auction where the auctioneer claims the right (in the small print of their ‘Conditions of Sale’) to bid ‘on behalf of the seller’ (bidding against the chande-lier!), and passes the responsibility of establishing the authenticity of any work to the buyer! Most good sales people are very good at tell-

ing us what we want to hear… When analyzing art as an asset class, another important aspect of the art market that needs to be tak-en into account is the transaction charges. As the purpose of most investments is to ultimately turn it into cash, the cost of liquidating an asset can have a significant influ-ence on the final return on the capi-tal invested. Unfortunately these charges are higher than in most other asset classes. Listed shares can be sold for a commission of as low as 1%, and an agent’s com-mission on fixed property usually ranges from 4 to 10% (with buyers also having to pay transfer duty of about 8 to 10%), but auctioneers and dealers in works of art operate on much higher commissions. South African auction houses charge 10 to 12% (Plus VAT) of the hammer price to both the buyer and the seller (a total of 20 to 24% plus VAT), while London auctioneers charge a buyer’s com-mission of 20 to 25% and a seller’s commission of about 10% on the hammer price (a total of 30 to 35%). When buying overseas, an additional import VAT at 15,4% of the invoice value (calculated on the rate of exchange when it arrives in SA) is payable to SA Customs. Most galleries charge a 20 to 30% commission to re-sell works, with the commission percentage on higher priced works usually more negotiable. It is therefore obvious, given the commission structures in the art industry, that any ‘invest-ment’ would have to perform very well for a period of at least 5 to 7 years before the real net return would be worthwhile.

ConclusionIn my opinion, the unique char-acteristics of works of art that fall into the investment category

warrant a strategy where it could comfortably make up 10% of any investment portfolio. The motivat-ing factors are in short:- Instant and continuous pleasure and enjoyment with almost no holding costs (Most serious art buyers are art lovers and not just investors).- An excellent and stable store of value and wealth in uncertain times where other asset classes can experience severe volatility and erosion of value.- The potential for exceptional growth in value if buying the right pieces at the right time – like now, where financial pressures will cer-tainly force sales at prices which will offer very good value.- No Capital Gains Tax (or any other taxes) on profits if works were bought privately as col-lectables and not for speculative purposes.- An opportunity to leave a legacy that says much more about an individual than any bank balance can reflect - but with a built-in financial advantage. We have often sold inherited works where the proceeds literally changed people’s lives for the better – paying the de-posit on their first home, or paying for their university education. With South African art now an established alternative asset class, it is important to evaluate the ef-fects of the current financial crises, and formulate a strategy to take advantage of the situation. I firmly believe that one should now look for opportunities to acquire quality works of art while the pessimists are too pre-occupied with the doom and gloom to even notice them.

© Johans Borman Fine Art Gallery

By Jim Richardson

From The Art Newspaperwww.theartnewspaper.com(May 2009)

Social networks and blogs are the fastest growing online activities, according to a report published in March by research firm Nielsen Online. Almost 10% of all time spent on the internet is spent on these types of sites, which Nielsen describes as “member communi-ties”, and they are visited by more than two-thirds of the world’s online users.

This has not gone unnoticed by museums and galleries, with many

creating some kind of presence on sites such as Facebook, Twitter and Flickr. But because this has primarily been done as a marketing tool, institutions are missing a far greater opportunity. By treading gently into the second generation of web development and design, known as Web 2.0, museums risk achieving little, and are effectively paying mere lip service to online social engagement. If they were to make a proper commitment to the enterprise, they could transform their relationship with audiences, change people’s perceptions of them and vastly expand the reach of their collections.

The Nielsen research shows that

a major factor in the success of social networks is that they al-low people to select and share content. This has become a hobby, even considered by some to be a serious creative outlet, with web users spending time “curating” their online space. Museums are well placed to appeal to this new generation of “curators” because they offer rich and interesting content that can be virtually “cut-up” and stuck back together online in numerous different ways to reflect the individual tastes of each user. If remixing, reinterpret-ing and sharing interesting content is, as Nielsen suggests, the kind of engaging interaction that draws people to social networks, then

museums should embrace the idea that “everyone is a curator”, both online and offline.

Most of the institutions that are adapting their own websites with those facets of the social networks that so many people find attrac-tive are in the US. The Museum of Modern Art (MoMA) in New York relaunched its website in March. It now includes links to the museum’s online users on various social networking sites such as Facebook, Twitter and YouTube. Users can also create personal online accounts, which allow them to bookmark upcoming events, cre-ate online exhibitions and “collect” works of art via their mobile phone

as they walk around the gallery and view them later on the website.

Victor Samra, digital media mar-keting manager at MoMA, says: “It’s not enough just to broadcast information now. Sharing and participating in discussions are becoming normal activities on the web, so I think people are coming to expect it. People want to engage with content they are really pas-sionate about, and museums have a great opportunity to provide this for them. This helps to change the perception of the museum as a building with four closed walls to an organisation with personality and a human face.”

One potential obstacle to museums sharing content online is the issue of copyright and how to protect images if they are put on the internet. Legal implications aside, from a practical point of view this approach is becoming outdated. For example, the Art Museum of Estonia has gone against conven-tion by actively encouraging visi-tors to photograph its collection; the MoMA website helps users to co-create content and share these creations with friends.

All museums want to create a dialogue with their audiences, and most museum staff are well aware that the internet can be a useful tool for doing this. But museums

such as MoMA that have whole-heartedly embraced the new digital environment are becoming part of the conversation, rather then just pushing content or questions at visitors and then sitting back.

Online activity such as MoMA’s requires investment, both in terms of web development costs and staff time, but if this is where people are and how they are communicat-ing, then, one can argue, museums should be there too. Curators pride themselves on using their collections to analyse issues, provoke reactions and ask difficult questions. But these questions are no longer just being debated over a coffee or in the galleries

themselves; they are also being discussed online, whether it is on social network sites such as Face-book, online discussion forums or the many blogs, and the content prompting these responses is no longer restricted to the four walls it actually inhabits. This means mu-seums and galleries need to expand the sites where they introduce, nar-rate and edit their programmes.

The writer is the managing direc-tor of Newcastle-based Sumo, a design consultancy specialising in arts and culture. He is a speaker at the conference, “Communicating the Museum”, in Malaga (24-27 June). www.communicatingthemu-seum.com

Facebook is more than a fad -and museums need to learn from it

ArtsJournal, for example, currently hosts 42 blogs on a variety of arts topics, including the widely read visual arts blogs Modern Art Notes and CultureGrrl. Under such arrangements, bloggers get a cut of the advertising fees along with greater visibility (which can lead to other paid gigs), while the umbrella site captures readers and turns more “sticky”. Something analogous is happening with some established journalism brands. Innovative newspapers like the Guardian in the UK and VG in Norway are putting together a kind of layer-cake of content that attracts a sizable number of online readers. At the top are editorially supervised staff journalists. Below are blogs, written by staff and free-lance writers with latitude to shape their content. The third tier is the vast, unsupervised “commento-sphere” of opining readers. The whole machinery works in unison to congregate a wide, lucrative ad base. In view of these devel-opments, today’s do-it-yourself blogs are destined to be a transient phenomenon. Many talented arts journalists will carve out a satellite franchise in the orbit of larger media entities.

How soon such bloggers can tackle the full journalistic workload left unattended by newspapers is another question. In terms of commentary and plain kibitzing, especially about local arts scenes, we may be there already. When it comes to fair and balanced report-ing, the record is mixed. On the one hand, bloggers are breaking stories, with arts organisations (or their disgruntled employees) oblig-ing them with excellent scoops. The Getty Center’s leadership cri-sis, in 2006, when internal memos trickled to the press via blogs, was an early example. Much “insider baseball” that may not get ink in a newspaper is now routinely covered by blogs. Deaccessioning stories alone have become a minor cottage industry.

However, journalism is not just about scoops. It’s about due dili-gence, evaluating accuracy, giving subjects an opportunity to respond, and providing non-judgmental context. Such protocols are more likely to be followed under the gaze of professional editors. Major investigative stories are clearly out of reach for even the most intrepid bloggers.

Going non-commercial

What if audience aggregation won’t make arts journalism into a viable business? Until recently, it was anathema to suggest that newspapers could become not-for-profit organisations. Yet hospitals and museums offer public benefits this way, and so might the press. In fact, a few smaller US papers are already run as non-profits (with mixed results). Specialised art peri-odicals, such as Cabinet, have for years survived on donations (with excellent results). Going not-for-profit involves some legal and ethi-cal intricacies for the press. Purists worry that journalism could end up in the pockets of foundations with random agendas and short attention spans. Yet, if publishers can keep a “firewall” between their editorial and business operations, they can also do it with donors.

There are applicable precedents. The Kaiser Family Foundation supports coverage of healthcare, for example. “The NewsHour” on PBS, one of the most respected TV news shows in the US, has 22 foundation sponsors and two corporate underwriters (Intel and Chevron). Some pay for specific types of journalism—and no out-rage, so far, over conflicts of inter-est. Public radio (NPR), with 33 million weekly listeners (as against the New York Times’ 1 million daily circulation), is a haven for quality arts journalism that attracts some of the best reporters in the business. It has also perfected the

art of raising money for its cover-age—from foundations and legions of listeners. Both PBS and NPR receive government support. Only the trained eye can distinguish the “image spots” of foundation and corporate underwriters on public TV from the sort of advertising that populates the commercial airwaves.

Some fascinating new web-based funding models appear less suited to rescuing the mainstream media than to helping smaller for-profit or not-for-profit publications. A Bay Area outfit called spot.us has a method for “community funded reporting”, which pools small do-nations for specific stories. People interested in a proposed story can make a tax-deductible contribution (typical budgets are below $1,000). The money is held in escrow until the entire sum for the story is col-lected, at which point the writer gets the green light. My current favourite payment model is Kach-ingle, which promises to “sprinkle change on the blogs you love”. A Kachingle member sets a monthly budget for donations to favourite media sources—say, $50. Benefi-ciaries are identified by pressing a Kachingle button already found on many sites. Everything happens automatically. The $50 is distrib-uted in proportion to the amount of time the donor spends on each of the chosen sites. Genius.

There is a growing realisation that without some form of non-com-mercial support, certain realms of quality journalism may not survive, especially under cur-rent market conditions. Carnegie Corporation president Vartan Gregorian has suggested buying newspaper subscriptions for col-lege students—a bailout that would replenish future readers. The Andy Warhol Foundation supports art critics and reporters by means of grants awarded through Creative Capital. In Europe, where such support falls to the state, Jürgen

Habermas, the German sociolo-gist, has urged direct government support for the media. Not to be outdone, France’s Nicolas Sarkozy has pledged €600m to aid the press with advertising, tax breaks and student subscriptions.

Philanthropy can help to build a new arts journalism infrastruc-ture to offset the collapse of local coverage. Proposals to harness freelance writers in an organ-ised fashion date back to the late 1990s, when David Resnicow and Frederick Schroeder, of the promi-nent Resnicow Schroeder arts marketing and PR firm, launched an independent company named MuseNews, a national for-profit art news syndicate that sold stories to old and new media outlets for a small fee. The service, which also sought foundation underwriting, was subsequently merged into Bloomberg, where it evolved into the site’s arts and culture section, known to readers of this newspaper as an excellent source of art busi-ness reporting. Current proposals for a new kind of art news service are inspired by the success of online news sites such as Pro-Publica and GlobalPost, which hired top-notch journalists (some recently laid off) to fill blind spots in public affairs and international news coverage, with foundation support. Politico, which was launched by private investors and will soon turn a profit, operates on a similar model, and it has become influential enough to sponsor presi-dential debates and be called up for a question at President Obama’s first major press conference. Initia-tives are currently underway to develop specialised newsgathering operations for science, healthcare and even religion (the Religion News Network). These organisa-tions are recreating alternatives to professional newsrooms with editorial guidance and supervision. According to some estimates, $2m per year—one-fifth of 1% of US foundation arts support—could

ramp up a new arts journalism service. Writers at imperiled publi-cations like the Los Angeles Times are following these developments closely.

The real hurdle for non-profit arts journalism, it should be clear, is not technology, or ethics, or a lack of ideas. It is fundraising. To get behind arts writing, founda-tions and arts patrons would need to steer funds away from their traditional recipients (artists and organisations) towards journal-ists (who are often considered as adversaries). In other words, a not-for-profit rethink of arts journalism hinges on a rethink of cultural philanthropy.

Arts groups step up

This brings us to the third, and arguably most controversial, cure for the ills of arts journalism—cul-tural organisations. Until recently, there was an unambiguous division of labour between arts institutions and the press. One side delivered programming, the other provided exposure, evaluation and public scrutiny. Any suggestion that these roles could blend together would elicit howls of condemna-tion. But if the marketplace or cultural patrons cannot sustain arts journalism, those with a stake in its survival must come up with alternatives. And it’s already hap-pening.

Arts groups are getting better at telling their own stories and directly engaging their constitu-ents. It may not always look like journalism, but it is filling in some gaps. In the US, regional online art hubs are springing up from Chi-cago to Kansas City, Miami and Los Angeles, supported by coali-tions of local arts organisations and philanthropists, to provide information and discussion about the arts. Museums, in particular, have taken the lead in creating an alternative media infrastructure.

MoMA’s recently relaunched website features online groups that allow visitors to explore, create and share information via Facebook, YouTube, Twitter, Flickr and iTunes. London’s Tate (which publishes its own glossy, Tate Etc, billed as “Europe’s largest art magazine”) and the Walker Art Center in Minneapolis are among the trailblazers pouring resources into deep, polished, personalised online content and public forums. Some museum sites are, in effect, starting to resemble interactive online art magazines.

Their latest features are strikingly similar to the innovations news organisations are deploying to turn their customers into active, participating, loyal partners in the enterprise of journalism.

The next step is pooling resources. “What’s the point of having 1,000 museum websites with separate databases of information?” asks Maxwell Anderson, director and chief executive of the Indianapolis Museum of Art (IMA), where he recently launched two innovations that bridge the gulf between the press and the visual arts. One is ArtBabble.org, a kind of YouTube for art, with high definition videos gathered from a consortium of art institutions (IMA, MoMA, SFMOMA, Lacma, the New York Public Library, Art 21 and the Smithsonian, at present). In contrast to YouTube, the videos are carefully selected and screened for quality. The transcripts of many of them are searchable, locally or via Google, so that a casual viewer or a researcher can find the exact spot, for example, where Ed Ruscha reminisces about the Cirrus gallery in a documentary produced by Lacma. Visitors to the site can add their own comments and engage in online discussions, just like at any savvy news site. ArtBabble, and others like it, may well develop into future platforms for art criticism and commentary.

Mr Anderson’s other innovation at IMA is a digital “Dashboard”, located on the museum’s website, providing up-to-date statistics on the museum’s administration and performance. An array of digital “widgets” tally up everything from the number of museum members to the total kilowatt-hours of energy consumed daily. Some of the sta-tistics are not for the faint-hearted museum director. One of the IMA widgets tracks the museum’s endowment in monthly snapshots (down $120m since last October). Another chronicles admissions with data generated every five min-utes. A catalogue of objects slated for deaccessioning is next, along with their sale price and where the proceeds end up. For Mr Anderson, the Dashboard, with its objective measurements of administrative goings-on, is an antidote to the “risk of institutional control” that pervades most in-house publica-tions. It is no substitute for hard-nosed reporters, but for transpar-ency, it’s a start.

The hybrid future

Amid the doom and gloom about arts journalism, such innovations offer a glimmer of hope. There is no going back to the cultural and advertising dominance that newspapers once enjoyed. We should be mindful that the emerg-ing landscape offers asymmetrical odds for art criticism (which can survive by the labour of individual writers) and arts reporting (which requires institutional firepower and protections). Writers will struggle to reclaim the access and influence they achieved with the backing of prestigious journalism brands. Even so, the faint outlines of a new system are starting to emerge.

It’s worth noting that journal-ism schools are seeing a record surge in applications. Many top institutions, including Columbia, Syracuse, the Annenberg School

at USC, and the City University of New York, have recently launched graduate programmes in cultural journalism. Despite the current meltdown, these are among the most heavily sought after spe-cialisations. Certification may be even more important for freelance writers than for those in accredited newsrooms. Do-it-yourself journal-ism is expanding so rapidly that it may be sparking its own demand for journalism training.

Students may be attracted precisely by the lure of the new and un-known. The most exhilarating as-pect of tomorrow’s arts journalism will be its unpredictable hybridity, how it feeds on multiple sources of innovation and energy. It will be an undertaking where nimble entrepreneurs sustain criticism and reporting through a mix of adver-tising, licensing, social networks, donations, digital space rental, and barter arrangements—what-ever works. Boundaries between writers and audiences, channels of communication, and professional constituencies will blur in ways that are at once alarming and hope-ful. Our notion of what a “news organisation” or an “art magazine” is supposed to do will be upended as new relationships crystallise between the arts, the media and the public.

“Society doesn’t need newspapers. What we need is journalism,” me-dia analyst Clay Shirky observed in his blog recently. “No one ex-periment is going to replace what we are now losing with the demise of news on paper,” he added, “but over time, the collection of new experiments that do work might give us the journalism we need.”

With newspapers in terminal decline, what future for arts journalism? - Continued from Page 1

02 BUSINESS ART | MAY 09

A Unique Asset Class

Page 3: Business Art May 2009

Think of long-established Jo’burg galleries, and you think of the Goodman and Everard Read. But there’s a third that’s survived well into its fourth decade, and unlike the other two is still run by its founder: the Crake Gallery in Norwood, run by the eponymous Chris Crake. Crake has in fact been involved in the art world for more than 40 years. Late in 1968, he was sitting in the legendary Chesa coffee bar in the Rand Central building when he noticed an old lady putting up a Sit Vac sign in a shop window opposite. On inquiry, he was sent up to the old lady’s premises on the first floor.The premises were Gallery 101; the old lady, the legendary Mad-ame Haenggi. Despite his waist-length hair and generally hippyish appearance, she took him on. And he’s stayed in the business ever since.Not that it was an entirely random choice of career. Art was the only subject he enjoyed at school, and had economics permitted he might even have become an artist. But the need to put bread on the table (he became a father in 1970) pre-cluded that.Crake says he learnt more from Madame Haenggi than from anyone, and it was a wrench to leave when he was approached to take over the Madden Gallery in Sandton, whose backers included businessman Wilfred Robin and London-based expat Solly Rissen, whose sister Jean Madden ran the Madden Gallery in London.Crake extended Madden’s range from international to SA art, and tried to promote local artists like Keith Alexander, Vic Guhrs, Claude Jammet and others abroad. Looking back, he says this was a good idea, but ahead of its time.After some years it was time to take the next step. In 1979 he took the plunge (“Everybody said I was

mad to open an art gallery, with the townships going up in flames”) and, with just R60 in the bank, opened up on his own in Grant Av-enue, directly opposite his present site, which he moved to 10 years later. He takes pride in the fact that the gallery has always been self-financing: he’s never borrowed money or had a backer.For years he staged solo exhibi-tions every two or three weeks year-round, showcasing names like Jean Doyle, Michael Cos-tello, Robin Kearney, Ulrich Schwanecke, John Brett Cohen, Fred Schimmel, Norman Eagle-stone, Fleur Ferri, Donna White, Simon Parkin, Robert Haber and Leon Sorianos. Some couldn’t stand the pace, some moved on to (possibly) greater things, but oth-ers have remained loyal.These days, he’s slackened his own pace, cutting back the hectic schedule to a group anniversary show in the first half of the year and half a dozen or so solo shows in the second half, by regular members of his stable: Peter Bonney, Russian-born Dimitri Nikashin, Daan Vermeulen, Roelof Rossouw, Geoff Horne and others.Basically, while they have widely differing styles, all are realistic landscape painters, though he also carries sculptures by the likes of Laurence Chait. This is no acci-dent, either; even in his schooldays he admired Norman Rockwell and Andrew Wyeth, pictures that tell stories. “Any picture you can go travelling in is a good work.”Though this has become his unique selling proposition, it was not al-ways thus. He remembers bringing the first David Hockney graphics to SA, and selling them for a few hundred rand. And in 1980 he was arrested for selling pornography, for an exhibition of erotica inspired by the Kama Sutra, by Tatu Penrith. Today he admits that this was a

publicity stunt, when a friend put on the guise of an old lady and complained to the police. Fortu-nately, he wasn’t charged, and now says “It was the best publicity we ever had.”But, he says, the developing focus on realism reflects both his own preference, and that of his clien-tele, corporate and individual, who are “basically conservative” in their tastes. He also says he’s not into “investment art”. “People buy from me for love and life. In 33 years, I don’t think I’ve had 20 pictures come back for re-sale. You have a different respon-sibility to people who spend R400 000 on a painting than when they pay R40 000. I want my artists to be accessible and good value.”

So his artists must have staying power, and though he tries to intro-duce a couple of new names in his annual group shows, he concedes that he’s reached a stage of life where he won’t be around for ever, so he hasn’t much time to build up new names – not easy in current conditions, in any event.“You have to do a lot of work behind the scenes to make a suc-cessful solo show. You have to call round all your regular clients and promote the work. And that’s hard, if they’ve never heard of the artist. So those who’ve been with me for 25 years are naturally in the front seats.”Persistence and hard work are the keys to the success and longevity of the Crake Gallery. It’s a lesson the hopefuls who think all you have to do is put work on the wall and smile as the buyers pour in, so many of whom have flickered – perhaps even flourished, briefly -- across the gallery scene since Crake set out on his career would do well to ponder.

By J. Brooks Spector

Artist, educator, Alan Crump passed away on May 1, 2009, al-most sixty years to the day he was born in Durban. He had attended the Michaelis School of Art for BA and MA Fine Arts degrees and he received a Fulbright Scholar-ship for an MFA at the University of California at Los Angeles.

Before studying for America, he taught at Michaelis for a year. Returning from Los Angeles, he became a lecturer and then senior lecturer in art history at UNISA. Joining the University of the Witwatersrand in 1980, he became Professor and Head of the Department of Fine Arts -- at the age of 31. Alan Crump had a well-earned reputation for intensity and exuberance as an educator. One

student fondly recalled Crump entering her class on the first day of lectures, surveying his new students, and then striding away from the lecture hall, wearing red leather, bell-bottomed trousers. He was equally enthusiastic in his commitment to emerging young artists, championing artists like Willliam Kentridge and Penny Siopis, early on in their careers. He was a passionate advocate for arts awards that came with real benefits, saying ‘Artists should get an incentive for their work’.

Beyond his role as a university instructor, Alan Crump was active in the larger public dimensions of arts and culture education. He was an arts advisor to the Standard Bank, serving as cura-tor or consultant for numerous exhibitions at the bank’s gallery,

as well as in his role developing the bank’s own corporate collec-tion. Alan Crump was the guiding force behind the widely heralded Chagall and Miro exhibitions. His public lectures on art and society were eagerly anticipated because of their power to educate, uplift and entertain.

In 1984, Alan Crump joined the Grahamstown National Arts Festival’s Governing Committee, recognizing the responsibility of educators to engage with society beyond the academy. He became Festival Committee chair during a particularly contentious decade, helping steer the festival to ad-dress the revolutionary changes taking place in South Africa. Among many important mo-ments, the festival provided ANC Arts and Culture Spokesperson,

Barbara Masekela with her first major public opportunity after returning from exile to address a new artistic and cultural vision for South Africa.

Beyond his role as an educa-tor, Crump was a sculptor and a consummate watercolour artist and his works are in private and corporate collections around the country – and beyond. He found unlikely beauty in a mine dump or cast off industrial artifacts and Linda Givon once called him South Africa’s first real concep-tual artist.

Crump was a legendary convivial host and guest who loved a great story, a sharp, well-argued discus-sion about art, sports (he had been an avid rugby player and runner as a student) or politics – just as

he loved to share a good glass of South African wine with friends.

A capstone of his career would have been the opening of an exhibition at the 2009 Graham-stown Festival, marking a quarter century of Standard Bank Young Artist Award winners. Sadly, while he will not be present at the opening, his influence assuredly will be.

As he, himself, had said a half decade earlier at the opening of the Bonnie Ntshalinshali Museum,

‘When someone dies, it is what they leave behind that counts, the objects and the residue of their thoughts.

By Hayden Proud

Well before his recent death at the age of 83, Cecil Skotnes had attained something akin to saintly status in the annals of South Afri-can art. Prior to his 70th birthday in 1996, he was already the holder of numerous awards. On reach-ing biblical age he was invested with many further honours. These included several honorary doctor-ates in Fine Art and the Order of Ikhamanga in Gold. The latter was bestowed in recognition of his work in the ‘deracialisaton’ of the fine arts in South Africa. His nimbus glowed even more brightly in recent years as greater art his-torical stock was taken of his role as a catalyst in the emergence of a significant urban black art move-ment in this country.

Skotnes’ role at the Polly Street Art Centre coincided with apartheid’s high water-mark in the 1950s and 60s. Although he had fought

against fascism with the South African Army in Italy in his late teens in 1944-45, Skotnes was by nature more of a pacifist than a strident activist. His quiet, persist-ent example and gentle encourage-ment gradually opened conduits for dialogue between the separated and vastly unequal worlds of the white and the black South African artist. Serving the needs of the poor and the disadvantaged was a socio-religious imperative that he had been born to; his Norwegian father and his Canadian mother were both active social workers with the Salvation Army in East London. With their example before him, and with time, he realized the parable of the sower. The artistic harvest garnered from the seeds that he planted was great. In the roll-call of black South African artists of the Polly Street era, many also now dead, his tutelage and influence figures prominently.

Skotnes’ artistic imagination was

always fired by his contact with original works of art. The work of Italian Renaissance masters such as Giotto, Masaccio and Michelangelo had deeply moved him when he was a young soldier in Florence. Back in Johannes-burg at the fledgling Wits Fine Art department in 1947, he was inspired by the teaching of Dr Maria Stein-Lessing, a somewhat eccentric but highly professional art historian whose lively interests straddled Medieval, Modern and African art. It was through her that Skotnes was first introduced to the principles of the German Expres-sionist woodcut. At that time, printmaking was not yet a feature of the Wits Fine Arts curriculum, but the incised wooden block with the discipline of its planar limita-tions and its expressive potential was to become the abiding concern of his life’s work as an artist. In a leap of inspiration he decided to make the incised wooden block an independent work of art in

itself, selectively colouring it with pigments. Such wooden panels became major ensemble art works, particularly when integrated within architectural settings, such as at the 1820s Settlers’ Monument in Grahamstown.

After his marriage to Thelma Carter in 1951, the couple toured Europe for nine months during which he gained greater apprecia-tion of the implications of Cubism and Egyptian, pre-classical Greek and Assyrian art. A sojourn in England brought him into contact with the work of Henry Moore and Graham Sutherland. The influ-ence of the latter was profound, informing his interpretation of the South African landscape, which he was to revisit continually in his prints and paintings over the years that followed. It could perhaps be argued that in all of Skotnes’ oeuvre there is also something sub-liminally present that is redolent of his own Scandinavian ancestral

heritage, which somehow always underpinned and inserted itself into his own efforts at producing an art that embodied the spirit and style of Africa. Herbert Read once referred to the extreme northern parts of Europe as “the preserve of an indigenous prehistoric style”. It was a style that was carried across vast oceans through small precious objects of impeccable craftsman-ship, as well as through shal-low, painted relief carving in the wooden sections which comprised the longboats of the Vikings. A limited range of motifs and forms was employed, creating patterns of amazing confusion and invention that always respected the forms that held them. In the life and work of Cecil Skotnes, something of that Scandinavian aesthetic persisted; its pioneering spirit enriching and fertilizing the artistic soil of South Africa.

OBITUARIES

Alan Crump 1949 – 2009

Cecil Skotnes 1926 – 2009

PEOPLE MAY 09 | BUSINESS ART 03

Chris Crake of the Crake Gallery Johannesburg chats with Michael Coulson

MAY’S ART PERSONALITY

Artist Andrew Verster receives honourary DoctorateAndrew Verster is receiving an Honorary Doctorate from the Durban University of Technology (DUT).Concurrent with the award, the DUT Art Gallery will be showcasing Verster’s artworks, from 21 April to 18 May, which are part of the university’s art collection. Last year Verster, who is turning 72 this year, launched his recent publication/book, edited by Carol Brown in celebration of his 70th birthday. Verster has been a practising artist for over 50 years, leaving teaching in 1976 to become a full time painter. Born in 1937 Johannesburg, he was trained at the Camberwell School of Art and Reading University. He has lectured at the University of Durban Westville (then University College, Durban) and Technikon Natal (now DUT) until 1976 when he gave up teaching to become a full-time painter. Andrew has been a member of the Film and Publication Review Board, Trustee of the Durban Art Gallery, the Arts Work Trust, Very Special Arts, Art-ists for Human Rights Trust and the African Art Centre. He also served on the Committee of the Grahamstown Festival. He has had over fifty solo exhibitions, is represented in many major public and private collections, and has been awarded two retrospective exhibitions organised by the Durban Art Gallery. To learn more about the artist visit his website www.andrewverster.co.za

Lynette Marais, recieves honorary DoctorateRhodes University will be conferring honorary doctorate degrees on Lynette Marais, who was the National Arts Festival director for 20 years, will be receiving a Doctor of Laws (LLD) honoris causa. Marais has been recognised as one of South Africa’s most accomplished arts administrators. Her advice is constantly sought out by festival producers, arts funders and the government. Since taking over the leadership in 1989, she has grown the National Arts Festival to become the largest arts festival on the African continent.

John Meyer – Schloss Gottorf Museum Award, GermanyThe South African painter John Meyer has won a prestigious comtemporary art award from the Museum Schloss Gottorf in Germany. The prize is one of the most important international art awards in Germany, and the museum will host Meyer at their International Museum’s Day on May 17th this year, when up to 20,000 visitors are expected. Gottorf Palace is the largest museum complex in northern Germany and is the headquarters of Schleswig Holstein’s state museums. They regularly enjoy 650 000 visitors visiting a single exhibition. The award was established by the German entrepreneur Gunter Fielmann in 2000, after his donation of 200 lime trees for an avenue in the Gottorf Baroque Gardens at the museum. The prize is regarded in Germany as a prize of honour. He has been commissioned by the director of the Gottorf, Professor Guratzsch, to produce two works this year for the museum. http://www.everard-read-capetown.co.za

Dale Yudelman gets Profoto PrizeDale Yudelman was among the top professional photographers who were honored at the Sony Profoto Awards held recently in Sandton, Johannesburg. Yudelman, who lives and works in Cape Town, won six awards - including Gold’s in the Advertising and Fine Art categories. His series of images , “ i am…” was awarded ‘Professional Portfolio of the Year’

Kentridge hits the top of the Times Magazine “100 World’s Most Influential People” popsOur William has hit the top top of the media pops with being selected as one of The Worlds Most Influential People (under artists). see www.time.com for more details.(Thanks to Artheat fot the tip-off)

Moving on - Suzelle Kriel- Director of The US Museum and Art Gallery Moves onAfter nearly six very happy years at the US Museum and Art Gallery is leaving for Robertson to pick up on exciting projects.Colijn Strydom will be acting Gallery Manager until an appointment has been made.

Peter Hayes is the new Director at Vansa Western Cape.Peter has emerged from a cutting edge theatre background, and as a writer, actor and director with Hearts & Eyes Theatre Collective has earned his reputation. Amongst his many talent he has worked in film, owned Gorgeous Restaurant for a number of years and was the creative director for MCQP for 2 years. As he says in his own words “ I feel fantastically out of the loop! I don’t know who’s in and who’s out, who’s hot and why and why sleep-ing with so-and-so is the fastest way to the top. But I do know who I think is hot and I’m a passionate, if under resourced, collector of contemporary South African art. I want to help facilitate more networking opportunities, workshops and training, market platforms. Making your lives easier and your careers more sustainable is our mission here at VANSA and I am mightily excited to be here”.

IN THE LIMELIGHT

William Kentridge on the Times Magazine 100 cover

Suzelle Kriel

Dale Yudelman poster for Month of Photography

Peter Hayes, does good with “Fast Girls” outside Joburg Art Fair

E-mail us your stories, images and show openings , as well as “In the Limelight” contribution to us at [email protected]

Cecil Skotnes in his studio 1967. Photo courtesy Pippa Skotnes

Alan Crump Photo courtesy Lynette Marais

Subscribe to BUSINESS ART together with the SA ART TIMES for R 180 for 1 year

Call Bastienne at 021 424 7733 or e-mail: [email protected] special ends 1 June 09

Page 4: Business Art May 2009

Eastern Cape

East London Ann Bryant Art Gallery Until 9 May, Anything but paint-ing, East London Fine Art Society exhibition.Until 16 May, Four Contemporary Chinese Artists.9 St Marks Road, Southernwood, East London T. 043 722 4044, [email protected]

Port Elizabeth Nelson Mandela Metropolitan Art Museum 7 May-12 Jul, Scenes in the Street, through the eyes of artists and photographers; Until 26 May, Re-cent acquisitions of top SA Artists’ work; Until 2 May, Art Talk, ex-ploring narrative, iconography and expression, featuring Kentridge, Siopis & Verster.1 Park Drive, Port Elizabeth, T. 041 506 2000www.artmuseum.co.za

Free State

Bloemfontein Oliewenhuis Art Museum Until 15 May, Transitions, Travel-ling Exhibition and film, by Paul Emmanuel. Until 24 May, Decade, Highlights from 10 years of collecting from the Sanlam Art Collection.16 Harry Smith Street, Bloemfontein T. 051 447 9609

Clarens

Johan Smith Art GalleryGlass, Bronze, Ceramics, Old Mas-ters, Contemporary works.Windmill Centre Main Street Cla-rens T. 058 256 1620 www.johansmith.co.za

Blou Donki Art GalleryContemporary Art, Steel Sculp-tures, Functional Art, Photography, Ceramics. Windmill Centre Main Street Clarens T. 058 256 1757 www.bloudonki.co.za

Gauteng

Johannesburg

Artspace - JHB 6-30 May, Walking the line, group exhibition featuring printmaking and drawing by Toni Ballenden, Elizabeth Gunter, Ernest Korkie, Ian Marley, Jody Olen, Craig Smith, Colijn Strydom, Jaco van der Heever and Judy WoodborneChester Court, 142 Jan Smuts Avenue, Parkwood, Johannesburg. T. 011 880 8802www.artspace-jhb.co.za

Brodie/StevensonUntil 30 May, The frontier is never somewhere else, a solo exhibition of paintings by Mary Wafer. Until 30 May, Project 004: Sibusiso Duma.373 Jan Smuts Avenue, Johannesburg T. 011 326 0034, www.artextra.co.za

Art on Paper Until 16 May, Drawings by Walter Battis.44 Stanley Ave, Braamfontein Werf (Milpark), T. 011 726 2234www.artonpaper.co.za

David Krut Projects7 May-13 Jun, Into the Spine, paintings and prints by Maja Maljevic.142 Jan Smuts Avenue, Parkwood, Johannesburg T. 011 447 0627www.davidkrutpublishing.com

Everard Read Gallery JhbUntil 17 May, Paintings by Peter Kuhfeld.6 Jellicoe Avenue, Rosebank, Johannesburg T. 011 788 4805www.everard.co.za

Gallery MOMO Until 11 May, group show. 14 May-8 Jun, Solace of a Migrant, Paintings by Zambian artist Stary Mwaba.52 7th Avenue, Parktown North, Johannesburg T.011 327 3247www.gallerymomo.com

Gallery on the Square6–20 May, Nelson Makamo, A Place I Call Home.32 Maude Street, Nelson Mandela Square at Sandton City, Sandton, Johanesburg. T. 011 784 2847

www.galleryonthesquare.co.za

Alliance Francaise, JohannesburgFor May, Sharing / Shared, ex-hibition including artists: Wayne Barker, Bongi Bengu, Zanele Mashinini, Mmkgabo Mapula (Helen) Sebidi, Stompie Selibe, Pene Meniere, Ilana Seati, Isa Schwartz Gesseau.17 Lower Park Drive (corner of Kerry Road, Parkview, Johannesburg. T. 011 646 1169www.alliance.org.za

Goodman Gallery Until 23 May, Peter Friedl; 28 May-Jun, Nation State.163 Jan Smuts Avenue, Parkwood, Johannesburg, T. 011 788 1113www.goodman-gallery.com

Nirox Foundation and Goodman GalleryUntil 5 Jun, Contemporary Sculp-ture in the Landscape, various art-ists, at the Cradle of Humankind. Contact the Goodman Gallery for viewing and walkabouts, by ap-pointment only. T. 011 788 1113www.goodman-gallery.com

GordArt Gallery Until 9 May, WTF?, 12 paintings by Debbie Cloete.GordArt Project Room (Upstairs)Until 9 May, Life is Jazz, drawings and collages by Stompie Selebi.16 May–6 Jun, paintings by Severa Rech Casserino.Shop 1 Parkwood Mansions, 144 Jan Smuts Ave, Parkwood,T/F 011 880 [email protected]

Graham Fine Art GallerySouth African Investment Art, From the permanent collection; Auction of the Brett Kebble art collection: viewing: 4-6 May. Auction at Summerplace, 7 May.Shop 31, Broadacres Lifestyle Centre, Cnr. Valley & Cedar Roads Fourways, Johannesburg. T.011 465 9192 www.grahamsgal-lery.co.za

Johannesburg Art Gallery10 May-03 Jul, Journey on a Tight-rope an Albert Adams Retrospec-tive. Until 7 Jun, For Tshepo, Ten Years Later, Mphapho “Ra” Hlas-ane, Artist at the Nando’s Project Room #4. Until 3 Jul, Portraiture through Photography, curated by Khwezi Gule, in the Basement Gallery. On 19 May 2009, Inter-national Museums Day, including work by the late Cecil Skotnes.King George Street, Joubert Park, Johannesburg T. 011 725 3180 www.joburg.org.za

Market Photo WorkshopUntil 13 May 2009, Reunion Chro-niques, explores the landscape, culture, and identity of Réunion Island. Photographers include François-Louis Athenas, Raymond Barthes, Thierry Fontaine, Yo-Yo Gonthier, Line Leclerc, Edgar Marsy, René-Paul Savignan, and Laurent Zitte.Until 10 May, CéTàVOIR – Image Singuliéres, a body of work by eight students at a photo festival in Sète, France alongside work by David Goldblatt. From 20 May, Tierney Fellowship Exhibition, A solo show by Tracy Edser.T. 011 834 1444 www.marketphotoworkshop.co.za

Museum Africa25 May-24 Dec 2010, l’Afrique: A Tribute to Maria Stein-Lessing and Leopold Spiegel; Co-curated by Nessa Leibhammer and Natalie Knight.121 Bree Street, Newtown, Johannesburg, T. 011 833 5624 www.knightgalleries.net

National School of the Arts11-16 May, 8th Annual Festival of Fame, 17 Hoofd Street, Braamfontein, T. 011 339 6539www.festivaloffame.co.za

Obert Contemporary at MelrosearchCurrent show, Untitled, by Mark Erasmus14 The High Street, Melrose Arch, T. 011 684 1214www.obertcontemporary.com

Origins Centre28 May-24 Jul, Exposition, Solo exhibition by Fiona Couldridge.Cnr Yale and Enoch Santonga Str. University of the WitwatersrandT. 011 717 4700 www.origins.org.za

Resolution GalleryUntil 17 June, Disasters, Angel Haro, Michael Wille, Vulindlela Nyoni.142 Jan Smuts Avenue, Parkwood,

Johannesburg T. 011 880 4054 www.resolutiongallery.com

Rooke GalleryUntil 01 May, The Travels of Bad, Major Solo Exhibition and publication by Zander Blom. By Appointment, The Newtown, 37 Quinn Street Newtown Johannes-burg. T. 072 658 0762www.rookegallery.co.za

Standard Bank GalleryUntil 23 May, Past/Present, Andrew Verster.Art & Artifact Gallery, Until 23 May, Eduardo Villa Miniatures.Cnr. Simmonds & Frederick Streets, Johannesburg, 2001Tel: 011 631 1889 www.standardbankgallery.co.za

Seippel Gallery Until 27 Jun, Project Gallery, Street Scenes, recent paintings by Linda Shongwe; Main Gallery, Sculptures and installations by Kevin Brand, Vincent Baloyi and Danelle Janse van Rensberg.August House, 76-82 End Street, Doornfontein. T. 011 401 1421www.seippel-gallery.com

The Art Place, Gallery & Art Centre16 May-6 Jun, The World of Pamela Prendini, Classical oils, drawings and sculptures in the footsteps of the Italian Masters144 Milner Ave,Roosevelt Park, T 011 888-9120

University of Johannesburg Arts Centre Gallery6–20 May, Coração,(heart), 25 art works by South African and international artists, will be exhib-ited with 10 works by Canadians; Hendrikus Bervoets, renowned collage artist and award winning photographer, Dave Chidley also on show. University of Johannesburg, Auck-land Park Kingsway campus cnr. Kingsway and Universiteits Rd, Auckland Park T. 011 559 2099/2556 www.uj.ac.za/artsacademy

Warren Siebrits Modern & Contemporary Art Until 8 May, Main Gallery, Joburg Art Fair exhibition.140 Jan Smuts Avenue, Parkwood, Johannesburg, T. 011 327 0000www.warrensiebrits.co.za Pretoria Alette Wessels KunskamerExhibition of Old Masters and selected leading contemporary artists.Maroelana Centre, Maroelana.GPS : S25º 46.748 EO28º 15.615T. 012 346 0728C. 084 589 0711 www.artwessels.co.za

Fried Contemporary Art GalleryUntil 16 May, Four women and a man, Ruhan Janse van Vuuren, Anna Gous, Jackie Schoombie, Marina Aucamp, Esme Kruger.430 Charles Str, Brooklyn, PretoriaT. 012 346 0158www.friedcontemporary.com

Glass Forming Academy30 May, 2009, Featuring interna-tional glass artists: PETER BREM-ERS (Holland) + TIM SHAW (Australia. Glass Forming Events and Exhibits from 15h00 till 20h00 Shop 11, Greenlyn Centre Cnr. Thomas Edison & 13th Ave, Menlopark Pretoria 083 530 2800 [email protected]

Magpie Gallery 02-14 May; Justified Jotting: Drawn out; An exhibition of drawn out jottings by more than 25 artists.Shop 21B, Southdowns Shopping Centre, Centurion T. 012 665 1832www.magpie.co.za

Naude ModernUntil 27 May, Chimera, exhibition by Paul Boulitreau, 254a St Patrick’s Road, Muckleneuk Ridge, Pretoria, T. 012 440 2201www.art.co.za/andrenaude Pretoria Art Museum

PAM - North Gallery, Until Jul, an interesting selection of artworks from the Museum’s permanent collection.PAM – South Gallery, Until 1 Dec, A selection of artworks tells a brief story of South African art from the time of the first San artists, in-cludes early 20th century painters, Resistance artists and artists of the 21st century.PAM - Albert Werth Hall, 14 May-16 Aug, Mbongeni Buthelezi’s first touring national exhibition of “plastic painting”.

PAM - East Gallery, until 22 Jun, from the Museum’s Permanent Collection, Artists from Polly Street and Rorke’s DriftGlass Gallery, Corobirk Collection, ceramics selection representing studio ceramics and rural tradi-tional potters of SAT.012 344 1807/8 [email protected]

Pretoria Association of Arts10-28 May, Paintings by Johan Marais, Art creations in wood by At Smit.Main Gallery, Until 7 May, Jaco Benade & M J Lourens. Until 13 May, Galerie Chaton / Black Box, Mimi van der Merwe.15 May-3 Jun, Sybrand Wiechers.North Gallery, Until 21 May, Penny Baillie173 Mackie Street, New Muckle-neuk, Pretoria, Gauteng, 0181, Tel. (012) 346 3100www.artsassociationpta.co.za

UNISA Art GalleryUntil 08 May, Then and now, Images by 8 SA Photographers: Graeme Williams, Gisele Wulf-sohn, Paul Weinberg, Eric Miller, George Hallett, David Goldblatt, Guy Tillim and Cedric Nunn.Theo van Wijk Building, Gold-fields entrance, 5th floor. Unisa Campus, Pretoria. T.012 429 6823www.unisa.ac.za/gallery

KwaZulu-Natal

Durban Art Space - DBNUntil 9 May, Obsessive Urge to Categorize: an exhibition of paint-ing, mixed media and video by Nic Crooks; Masterful Conversa-tions by Lee Scott Hempson; In the Front Room: Hole in the Wall an exhibition of mixed media works by Jacki Bruniquel, 11-30 May, Responses, paper-works and oil paintings by Roz Cryer. 1–20 Jun, Signature Works on Paper (SWOP,Travelling Exhibition from Inky Cuttlefish Studios; Inkanyezi, Anna Alcock.3 Millar Road, Durban. T.031 312 0793 www.artspacedurban.co.za

Bank GalleryUntil 28 May, Situation, works by Vaughn Sadie at the Bank Gallery.Bank Gallery, Morningside, Dur-ban T. 031 312 6911, www.bankgallery.co.za

Durban Art Gallery13 May-28 Jun, Sacred Legacy, Reproductions of historical photo-graphs of Native North Americans by legendary photographer/eth-nographer Edward Curtis. 3 Jun-19 Jul, Roger Ballen: Boarding House. Until 17 May, Not Alone, an international project of Make Art-Stop Aids, curated by Carol Brown and David Gere. Until Dec 2009, Pic(k) Of The DAG, South African works from the gallery’s Permanent Collection.Second Floor, City Hall, Anton Lembede Street, Durban T. 031 311 2268www.durban.gov.za/durban/dis-cover/museums/dag

Durban University of Technology (DUT) GalleryUntil 18 May, Andrew VersterSteve Biko Campus, Cecil Renaud Theatre 2nd floor,[email protected] or 031 373 2207

KZNSA Gallery Until 10 May, Big Night Out, Group Exhibition. Until 10 May, In the Cinema, Mlu Zondi, Despotica: performance art video. Until 10 May, KZNSA Members profes-sional practice course exhibition, Liam Lynch. Until 20 May, ‘Not Alone - An international project of Make Art/Stop Aids’ includes works by artists from Brazil, the USA, India and South Africa in a variety of media including paint-ing, sculpture, photography and embroidery.166 Bulwer Road, Glenwood, T. 031 2023686, www.kznsagallery.co.za

Tatham Art GallerySchreiner Gallery: Until 3 May, Zotha Shange, Rolling Ball Sculp-ture exhibition; Ceramics Room: Curriculum Curricula exhibition - Ceramics and Applied arts, exhi-bition extended. Until 7 May, Main Exhibition Room, KZN Matric Art Exhibition. From 7 May, Schreiner Gallery: Settling In, a solo exhibi-tion by Vulindlela Nyoni. Cnr. Of Chief Albert Luthuli (Commercial) Rd. and Church

Street (Opposite City Hall) Pieter-maritzburg. T. 033 342 1804www.tatham.org.za

Northern Cape

Kimberley

William Humphreys Art Gallery Permanent Collection Exhibition - Includes works of a variety of contemporary SA artistsCivic Centre, Cullinan Crescent, Kimberley, T. 053 831 1724, www.museumsnc.co.za

Mpumalanga

White River

The Loop Art Foundry & Sculp-ture GalleryCasterbridge Complex Corner R40 and Numbi Roads White River T. 013 751 2435 www.tlafoundry.co.za

Western Cape

Cape Town 34 Long Until 16 May, MIXIT, compilation of works in various media by sev-enteen artists, including MOTEL7, Faith47, Black Koki, Kentridge, Dumas, Bester, Murakami, D*Face, Blek le Rat, Matthew Hindley and Asha Zero. Until 16 May, Prehistoric idols, works by Paul du Toit.34 Long Street, Cape Town T. 021 426 4594, www.34long.com

Alex Hamiltion Art StudioUntil 8 May, Afrotize, is a new se-ries of pop art, stenciled works by Cape Town artist, Alex Hamilton.Unit B203, 2nd floor, Woodstock Industrial Centre, 66-68 Albert Road, Woodstock, T. 021 447 2396www.alexhamilton.co.za

Art B Gallery From 20 May, b.lettered exhibition a traditional application of the Calligraphic art form, includ-ing handmade books, citations, special awards and metal mobiles, jewellery and examples of beach calligraphy. Work of international calligraphers will also be exhibited On display will be the tools of the trade and materials.Library Centre, Carel van Aswegen Street, Bellville T. 021 918 2301, www.artb.co.za

Association for Visual Arts (AVA) Until 08-21 May, Out of Sight, drawings, watercolours and pho-tography, solo exhibition by Justin Brett.35 Church Street, Cape Town, T. 021 424 7436, www.ava.co.za

Atlantic Art GalleryA permanent display showcas-ing leading contemporary South African artists.25 Wale Street Cape Town, T. 021 423 5775

Bell-Roberts Contemporary Art Gallery Until 16 May, In Black and White, group exhibition features works by Pierre Fouché, Carol Ann Gainer, Nigel Mullins, Cameron Platter, Kevin Brand, Wayne Barker, Mx-olisi Sithole, Stuart Bird, Dianne Victor, Cara vd Westhuizen, Justin Fiske, Donovan Ward, Minnette Vari, Jane Eppel, David Brown and Lynette Bester.Until 16 May, Tales from the Mantelpiece, an exhibition of small-scale sculpture by three con-temporary artist jewelers, Philippe Bousquet, Geraldine Fenn and Marchand van Tonder176 Sir Lowry Road, Woodstock, T. 021 465 9108www.bell-roberts.com

Blank ProjectsTrifecta, a project in three parts by Deadheat (Dorothee Kreutzfeldt & Bettina Malcomess: Image, opening 6 May; Voice, opening 13 May, Screen, opening 21 May. 198 Buitengracht Street, Bo-Kaap, Cape Town, T.072 1989 221, www.blankprojects.blogspot.com

Cape Gallery Until 09 May, recent paintings, watercolours and etchings by Marilyn Southey and paintings by Jenny Northard; Until 30 May, New paintings in oil and etchings by Diane Johnson-Ackerman.60 Church Street, Cape Town, T. 021 423 5309www.capegallery.co.za

Cape Town School of PhotographyUntil 15 May, Jurgen Schadeberg; 18-29 May, Andrew McIleron.4th Floor, 62 Roeland Street, Cape Town, 021 4652152www.ctsp.co.za

Christopher MǾller Art14-30 May, Blue, group show: Margot Hattingh, Brigitte Berg, Diane Mc Naughton, Ros Molteno, Adele Gordon, Judy Mckune, Jen Lewis, Anne Terblanche, Odette Marais, Christine Cherry-Jones, Jeoff Burr, David Porter, Susan Hall and Margaret Curry82 Church Street, Cape Town, T. 021 439 3517www.christophermollerart.co.za

David Porter AntiquesBuyers and sellers of South Afri-can artT. 021 6830580/083 452 [email protected]

Erdmann Contemporary /Photographers Gallery 6-30 May, Left of November, a painting exhibition by Bronwen Vaughan-Evans & Deanne Don-aldson.63 Shortmarket Street, Cape Town T. 021 422 2762www.erdmanncontemporary.co.za

Everard Read Gallery - CTUntil 13 May, Kerri EvansPortswood Rd, V&A Waterfront www.everard-read-capetown.co.zaT. 021 418 4527

Focus Contemporary, Fine Young ArtFor May, O Sumo San, Photogra-phy by Philippe Marinig.2 Long Street Cape Town, T. 021 419 8888,www.focuscontemporary.co.za

Gallery F8 May-end Jun, The spirit of Dis-trict 6 collection, photography by Cloete Breytenbach.221 Long Street, Cape Town, T. 021 422 5246www.galleryf.co.za

Gallery OdesFor May, The Unbearable likeness of seeing; by Gordon ClarkThe Old Biscuit Mill, 357 Albert Road, Woodstock, Cape TownT. 021 423 4687 www.gordonclark.co.za

Goodman Gallery, Cape For May, Thomas Mulcaire, The exhibition establishes relationships between objects, images, curatorial projects and institutional works. 3rd Floor, Fairweather House, 176 Sir Lowry Road Woodstock, Cape Town T. 021 462 7573/4, www.goodmangallerycape.com

Infin Art GalleryWolfe Street Chelsea Wynberg T. 021 761 2816 and Buitengracht St Cape Town T. 021 423 2090 www.infinart.co.za

Irma Stern Museum Until 9 May, Exodus, works by Roxandra Dardagan Britz.12 -30 May, Themes and Vari-ations; earth, water, ice, mixed media works on canvas by Ursula Niblett Zeller. Cecil Road, Rosebank, Cape Town T. 021 685 5686www.irmastern.co.za

Iziko South African National Gallery Until 14 Jun, The Tropics, Views from the middle of the globe;Until Jul 09, Scratches on the Face. Until 10 May, Wonderland: Nontsikelelo Veleko, Standard Bank Young Artist 2008;Until end May, What We See. Voice, Image and Versioning, at the Iziko Slave Lodge; Until 28 Jun, ‘Dis-ease’, a collection of recent video art drawn from the Rijksakademie archives, curated by Greg Streak.Government Avenue, Company’s Garden T. The 021 467 4660, www.iziko.org.za

João Ferreira Gallery 6-29 May, Two men and their dogs and other works, sculptures by David Brown.70 Loop Street,Cape Town, T. 021 423 5403www.joaoferreiragallery.com

Johans Borman Fine Art GallerySA Master Paintings; By Irma Stern, Maggie Laubser, JH Piern-eef, Hugo Naudé, Ruth Prowse, Gerard Sekoto, George Pemba and Gregoire Boonzaier, as well as contemporary works by Walter Meyer, Jacobus Kloppers, Hussein Salim, Ben Coutouvidis, Hen-nie Niemann Jnr, Philip Barlow,

Marlene von Dürckheim and others. In-Fin-Art Building, Upper Buitengracht Street, Cape Town, T. 021 423 6075/082 5664631 www.johansborman.co.za Kalk Bay ModernUntil 15 May,Paintings and Prints by Nicolaas Maritz.1st Floor, Olympia Buildings, 136 Main Road Kalk Bay. T.021 788 [email protected]

Lindy van Niekerk Art Gallery Exhibition of SA’s leading artists.31 Kommandeur Road, Welgemoed, Belville T. 021 913 7204/5www.artpro.co.za

Kunst House 62 Kloof Street, Gardens, T. 021 422 1255www.kunsthouse.co.za

Michael Stevenson ContemporaryUntil 30 May, Paintings by Penny Siopis; The encounter by Nandipha Mntambo; Lunga Kama, Here I Am.Ground Floor, Buchanan Building, 160 Sir Lowry Road, Cape Town, T. 021 462 1500www.michaelstevenson.com

Raw Vision GalleryFor May, Messages from the Future, digital prints by Mike Fisher 89 Sir Lowry Road, Wood-stock. [email protected]

Muti GalleryUntil 4 Jun, Solo exhibition by Gabrielle Raaff.3 Vredehoek Avenue, Oranjezicht, T. 021 465 [email protected]

Rust-en-Vrede5-28 May, On the surface, by Mervyn Gers.10 Wellington Road, Durbanville. T. 021 976 4691www.rust-en-vrede.com

Salon 91 ContemporaryUntil 10 May, Through the looking glass, Mixed Media paintings by Dagmar Sissolak. Until 20 May, Lorenzo Nassimbeni’s latest wall-paper/fabric designs, illustrations and original drawings.91 Kloof Street, Gardens, Cape Town 021 424 6930 www.salon91art.co.za

These Four Walls Fine Art GalleyUntil 9 May,Lifeboat, works by Maya Marshak169 Lower Main Road, Observa-tory, T. 021 447 7393. www.thesefourwalls.co.za

Urban Contemporary Art06 May-27 Jun, Nuance, work by four painters and a sculptor, Cath-erine Ochulla, Maricel Albertyn, Lionel Smit, Varenka Paschke and Jonathan Munnik.46 Lower Main Road, Observatory, Cape Town T. 021 447 4132, www.urbancontemporaryart.co.za

The South African Print GalleryUntil 23 May, Tributes: Sam Nh-lengethwa and Friends, showcases Nhlengethwa’s Tribute Series in dialogue with works by Peter Clarke, Marlene Dumas, William Kentridge, David Koloane and Judith Mason.107 Sir Lowry Road, Woodstock, Cape Town, T. 021 462 6851www.printgallery.co.za

What if the World… 05-24 May, Sing into my mouth, Works by Bridget Baker, Emma Coleman, Sue Clark, Tom Cullberg, Anja de Klerk, Barend de Wet, Peter Eastman, Teboho Edkins, Gus Ferguson, Gimberg & Nerf, Douglas Gimberg, Matthew Hindley, Pieter Hugo, Mandy Lee Jandrell, John Nankin, Sarah Nankin, Cameron Platter, Andrew Putter, Gregg Smith, Doreen Southwood, James Webb, Ed Young. Curated by Julia Rosa Clark.First floor, 208 Albert Road Woodstock T. 021 448 1438 www.whatiftheworld.com

Franschoek

Gallery Grande Provence Until 27 May, Relate: A duo exhibition featuring the works of a father and son, a sculptor and painter, Anton Smit + Lionel Smit.Main Road Franschoek, T. 021 876 8600www.grandeprovence.co.za

Knysna

Knysna Fine ArtFrom 8 May, Considering Therian-thropes Animal Human, new works by Guy Thesen. 1-08 May, The Tattoo Show.8 Grey Street Knysna, T.044 382 5107www.finearts.co.za

Plettenberg Bay

Lipschitz Gallery18 May, Book/DVD launch by artist Stanley Grootboom, From 4 May: a selection of South African artists, including Stanley Grootboom, Amos Langdown, Dumisani Mbaso, Thomas Kgope, Sam Nhlengethwa, Pieter Van Der Westhuizen and others.Hill House, Number One Main Street, Plettenberg Bay, T. 044 533 4581 www.southafricanart.co.za

George

Strydom GalleryA Selection of South African artMarklaan Centre, 79 Market Street, George, T. 044 874 4027.www.artaffair.co.za

Stellenbosch Dorp Straat Gallery 12-31 May, Anya Adendorff, Madelein Marincowitz and An-thony Sherratt 144 Dorp Street, Stellenbosch T. 021 887 2256www.dorpstraatgalery.co.za

Red Black and White14-30 May, South-African Ceram-ics: Linnware, Kalahari, Rorke’s Drift & Anglo-Oriental Ceramics. Until 09 May, Brotherhood 2009 curated by Johann du Plessis.5a Distillery Road, Bosman’s Crossing, Stellenbosch. T. 021 886 6281www.redblackandwhite.co.za

Sasol Art MuseumUntil 13 Jun, Johann Louw, a mid-career retrospective.52 Ryneveld Street, Stellenbosch. T. 021 808 3695www.sun.ac.za/museum

University of Stellenbosch Art Gallery 7-30 May, SRC Photo & Art Competition.Stellenbosch University, cnr of Bird and Dorp Streets, Stellenbosch T. 021 808 3489www.sun.ac.za/artgallery

SMAC Art Gallery Until 10 May, Locations, works by Jonathan Guaitamacchi; Until 10 May, Echoes, paintings by Jake Aikman.De Wet Centre, Church Street, Stellenbosch T. 021 887 3607www.smacgallery.com

Stellenbosch Art GalleryPermanent exhibition of Conrad Theys, John Kramer, Gregoire Boonzaier, Adriaan Boshoff and other artists.34 Ryneveld Street, Stellenbosch T. 021-8878343www.stellenboschartgallery.co.za

Hermanus

Abalone GalleryUntil 8 May, Anthology, Lien Botha.2 Harbour Rd, The Courtyard, Hermanus. T. 028 313 2935www.abalonegallery.co.za

Philip Harper GalleriesSpecialising in South African old masters and select contemporary artists.Oudehof Mall, 167 Main Rod, Hermanus T. 028 312 4836 www.philipharpergalleries.co.za

SOUTH AFRICAN ART GALLERY SHOW LISTINGS MAY 2009

Please E-mail us your art gallery listings at [email protected]

Page 5: Business Art May 2009

Art times The South African

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Mr & Mrs Jansenns, Bevan Rees, of Saronsberg Wine Estate, Thandi Puren & Karen-Leigh Devaux de Marigny of Stephan Welz and Company

Henry White and Michael Goodman, avid art collectors, with the William Kentridge “The Highveld Style Masked Ball” in the background.

GALLERY BUZZ MAY 09 | BUSINESS ART 05

Johannesburg viewing at Stephan Welz and Company, in association with Sotheby’s

Work from the “Nothing new” exhibition, George, Western Cape

Dr Elfriede Dreyer, the artist Paul Boulitrean and Andre Naude at the new Naude Art Gallery

David Brown: Two men and their dog and other works João Ferreira Gallery. 6 - 29 May 2009I made my first dog as a ‘dog of war’ in 1979 it was carved in wood and parts, like muzzles and collars, were clad in steel. Subsequently I had my second exhibition at the Goodman Gallery in Johannesburg in 1980. The theme of the dog had then evolved into a series called One man and his dog. These were monumental two-piece sculptures showing maimed figures on wheeled structures drawn by dogs. My first studio was situated on the edge of District 6 in a derelict building in Canterbury Street. Life in this area was raw and hard. District Six was crumbling and meths drinking street people lived out-side my studio window. The stories they told were of desperate lives, but with fondly conjured memories of homes that once existed and the pleasure of family once experienced. The sculptures I made at that time reflected this a microcosm of bizarre paradoxes made more stark by the ruthless oppression of the apartheid state. Humour, too, however dark, has always been part of my iconography. After that time I never made another dog until a collector asked me in 2004 to make a large sculpture for him with two men and a dog. The 6 small dogs were maquettes for him to choose from. Enjoying revisiting an old theme I made a few more resulting in this small exhibition. Dogs are our closest companion species, but they can also go feral and become dangerous in ways not unlike their human masters.- David Brown. www.joaoferreiragallery.com Gallery Hours: Tues - Fri: 10am - 5pm Sat: 10am - 2pm. 70 Loop Street Cape Town 8001 South Africa

Drip Series 2, 120 x 120cm, Oil on Canvas, 2009, Lionel Smit. Nuance, opening at UCA Gallery on 6 May, contains work by four painters and a sculptor – Catherine Ochulla, Maricel Albertyn, Lionel Smit, Varenka Paschke and Jonathan Munnik – who speak to the body as a site of social and emotional politics. Cooperatively, the work suggests that beauty lies rather in a body’s subtle deviations from the physical ideal than in the ideal itself. www.ucagallery.co.za

Work from the show “Nothing new” held at The Strydom Galery, George in April. This jewel of an art gal-lery in the platterland has just celebrated its 40th birthday and is growing from strenth to strength. for more infrmation se www.artaffair.co.za

Niel Jonker celebrates the Baardskerersbos Art Route with good spirits

National School Of The Arts: ITNERACTIVE ‘Chess’ Learners taking their positions on the board The School with have its opening day on the 6 May

Fiona Ewan RowettHaving used natural form as a starting point Fiona Ewan Rowett is presently drawn to the fundamental, more challenging abstract com-position. Working intuitively, she searches for that elusive combination of subconscious mark making and the pulling and pushing of elements to find a sense of closure. Her passion is not to describe the world as she sees it but to delve into the invisible world of sensation, dreams - that space between.

See more of Fiona Rowett’s work at :

Kunst House, 62 Kloof Street, Gardens,T. 021 422 1255, www.kunsthouse.co.za

Page 6: Business Art May 2009

By Michael Thorne, Alfred Bester and Andrew Bradley

This article was first published in Personal Finance magazine, 2nd Quarter 2008.

Investing in art is – or should be – like investing in the stock mar-ket. If your time and willingness to learn are limited, you should find an expert to buy on your behalf. If you want to do it yourself, you’ll have to build up your knowledge about artists and the art market in order to separate the hype from the truly talented. We provide these pointers.

Once upon a time, as a pacing bachelor, I bought an erotic paint-ing. It was well executed by an ac-complished artist, an excellent in-vestment in my fantasy world and it led to a life-changing meeting in a crowded gallery. Financially, however, it was a damp squib. The paint peeled off and the artist hung up his brushes.

Needless to say, there are a number of points that can be teased from my experience.

The blue lady (for want of a better title) was retail therapy and sexual fantasy, but definitely not part of a broader financial plan or an invest-ment strategy. I wanted to hang it on my wall, not put it away in a safe. I paid no thought to selling it on – although I could have made a quick buck when it turned out someone else at the exhibition desperately wanted it!

I knew a bit about the artist but didn’t know how many exhibitions he had had and where, nor how serious and/or prolific he was. And the peeling paint? Well, that is akin to buying a flat and having the walls cave in.

No doubt there are far better ways of making money than investing in fine art, but they might not be nearly as interesting. Antoinette du Plessis, of 34 Long Fine Art, a gallery in Cape Town, puts it well: “The committed collector is rewarded with a lifetime of won-der, of living with loved objects and, sometimes, with a handsome financial return.”

Just how much time do you have and how interested are you in investing in art? Your answer to these questions will dictate your investment strategy.

One way of doing things is to hand over your cash and decision-mak-ing to a gallerist or an art dealer, or to invest offshore in a hedge fund that includes fine art. If, however, you want to get your hands dirty, you will have to put in the time, because, as in all investing – as opposed to gambling – knowledge and research are fundamental.

Assuming you would like to be a hands-on investor, the first thing would be to decide how much you are prepared to invest and over what term. Du Plessis says: “Like all investing, [investing in art] has an edge of unpredictability and always some risk ... outcome is de-termined by information, risk-tak-ing, patience and passion. Timing can be crucial.”

But everyone knows how difficult it is to time the market, be it the

stock market or the art market. Sometimes you will get it right but more often than not, you will lose money on costs and be out of the market at the wrong time.

If you have to put some time frame to an art investment, it seems like three to five years is a good horizon with which to work. What is of more importance, however, is to ascertain whether the particular work or works in which you are interested are overpriced and, more specifically, whether there is a bubble in the market ... too much cash pushing up the prices and then FFZZZZst as major collectors offload their work and the bubble deflates.

Alfred Bester, of international pro-fessional services firm Maitland, in Cape Town, advises clients on the benefits of fine art investment where appropriate in estate plan-ning.

He points to the slump in the art market between the late 1980s and early 1990s. The Japanese, cash in hand, climbed into the art market, and when their equity and property markets retracted, they were net art sellers. Prices slumped internation-ally, and it is only in the past two to three years that art values glo-bally have recovered to the levels they were at 10 years ago.

Bester observes: “There is not a direct correlation but a similarity in movement between the art and the share markets, with ups and downs you need a crystal ball to predict, but obviously driven by sentiment.”

Having said this, Bester believes that the quality of good South Afri-can art is now starting to compare favourably with top international art, and he does not think there is a bubble in the local market, although recent international sales would indicate that the bull run in art prices may be coming to an end.

Until about 10 years ago, the South African art market, like the financial markets, was pretty much off the map. By the mid-1990s, it seems no South African artist had ever achieved more than R1 million on auction, whereas now some good work is fetching prices closer to R5 million. This increase in value has been driven by two factors. First, and most dramatic, has been the extended bull run in our share market, and addi-tional markets have been created as people turn to find other stores of value. Second, South African art has also become inter-nationally recognised, especially many of the dead artists: Irma Stern, JH Piern-eef, Gregoire Boonzaier, Maggie Laubser, and other “big hitters” such as Gerard Sekoto, Gladys Mgudlandlu, Francois Krige and George Pemba.

The international recognition of South African artists is not without some dangers for art lovers. Bester feels strongly about the possible loss of good South African art to overseas investors. He feels it would be a sin for a beautiful painting to be secreted in some bank vault, lost to appreciative eyes and hearts.

Positing the obvious, value for money is crucial, as is trying to spot a winner before everyone and

their horse gets in on the deal. This is not as technical as when you analyse a company in which you want to invest. Basically, you are trying to anticipate what the future sentiment around an artist and a piece of work will be.

Andries Loots, of Vgallery (a South African online gallery), suggests that a would-be inves-tor does some cross-checking and consults at least three different galleries. Some galleries might well punt “their” own artists and it is vital to get a broad view of the market. Loots also suggests going to exhibitions and auctions, reading and doing online research. This is a period of building “visual literacy”, which continues until the day you die.

Separating substance from spinThere was a fairly unanimous agreement among the experts to whom I spoke about what you should look for in a potential win-ner.

Estelle Jacobs, a former director of the Association for Visual Arts, one of Cape Town’s oldest non-profit art galleries, notes the following important traits you should look for: commitment, professionalism (artists who deliver when they say they will), ambition (whether it is for fame and/or fortune), the en-ergy to create and have exhibitions every couple of years, and a solid track record of past exhibitions.

Loots suggests that a fine art degree is viewed as a sign of seri-ous intention and commitment, certainly in some circles.

However, what might overshadow all of the above and what can never be underestimated is the power of spin – which artists are getting airtime and who is being punted by the galleries? None of us wants to be the next naked emperor, so it is vital to ascertain what and how much substance is behind the spin or if it is, in fact, just hot air.

As far as the building of an artist’s reputation goes, Loots refers to the importance of the secondary and tertiary markets for art – in other words, an artwork coming back onto the market for a second or third time. Loots always knows when a particular artist has sold well on auction: his telephone doesn’t stop ringing as buyers try to find the availability of other works by that artist.

How to buyOnce you have identified an artist, there are a number of ways that you can go about buying his or her work. Artists often have exhibi-tions or open days at their studios, are part of an “art route” – for example, the Midlands Meander or False Bay art route – or will set aside time to show you their work.

Auctions are also exciting places to buy, but you need to know what you are after and to know your ceiling. There is often bidding up (people getting carried away in the moment) and the ensuing feed-ing frenzy is great for the auction house and seller, but after a few seconds of glory you will be left holding the baby. It is a sobering thought that, according to Loots, paintings go for more on auction than they do in galleries, and it is tempting for speculators to buy from galleries and put the work

straight on auction.

If you buy from a gallery, about 30 percent to 40 percent of the cost of the artwork will go to the gallery as commission and on top of that you will pay value-added tax. Most serious buyers build up a relation-ship with a gallery owner or two. There are definite benefits in going this route. With a bit of prodding, the gallery ought to reduce its commission on sales. The gallerist will recommend up-and-com-ing artists and, when it comes to resale, the gallery will offer advice and/or wall space. Galleries are obviously very keen to build up a long-term relationship and will not be too impressed by a hit-and-run speculator.

Many people also buy artwork online. However, this can be very difficult because art is so tactile, and textures and to a lesser extent colours can never be captured properly at the low resolution demanded by the internet.

According to Jacobs, opportunities do arise when the work of a well-known South African artist is sold online in the United States, for one reason or another, cheaper than it can be acquired here.

The work is “repatriated”, held for a couple of years and then sold at a handsome profit. Well, that’s the idea anyway.

It is worth noting that the offshore art market is highly sophisticated and there are a range of indices that you can follow.

Two websites that track fine art as an investment are www.artasanas-set.com and www.artprice.com. Big auction houses also track individual artists just as you might track a share.

When it comes to buying work by one of the “big hitters”, the authenticity of the piece must be validated and the physical condi-tion of the work determined. If you buy a stolen painting, the original owner is entitled to reclaim it and you will be left with empty pockets, so the provenance of a piece, its unique history (where it was exhibited and who has owned it) will settle the authenticity of ownership. There are experts who can assist with this, as well as with the valuing of a painting.

Taxes and commissionsOwning art is one thing, but how do you look after it once you have it? Will you put it into a trust vehi-cle or keep it in your own name? Do you want to ring-fence your collection to protect it from busi-ness risk or from unappreciative family members?

Bester says: “If, in your will, you leave your art collection to a fam-ily trust and during your lifetime you enter into a lease agreement with, for example, the National Gallery, the gallery will have the right to exhibit it publicly (rather than the collection being hidden away in your home), and after 30 years it reverts to the family trust without incurring either estate duty or capital gains tax (CGT).”

Another important point raised by Bester is that if you are a dealer buying and selling art, you will be subject to income tax, but if you are a collector and doing it

as an investment and as a store of wealth, there is no CGT because art is a movable asset. Although your collection needs to be included as an asset in your estate that is calculable for estate duty in the event of your death, your estate would not need to pay CGT on the profit of a sale of the art.

One of the big pros of selling art-work through a gallery is that the gallery will have a buyer list and if the artist is well known it should be a fairly straightforward process, although you stand to lose a chunk in commission.

On the auction front, the South African public seem to be laggards but this appears to be changing. Auctions are attractive to buy-ers and sellers alike because of the likelihood of getting a better price and the reduced commission payable.

A note of caution, however: costs need to be checked out pretty carefully. For example, in the event that your work is not sold, you need to determine whether you, as the would-be seller, will be saddled with “hidden” costs.

Bester has the final say on auc-tions: “There are a lot of artists out there who are overvalued, based on the marketing practices of certain galleries. They create the hype, but if you analyse it and compare the price at the gallery against what you might realistically get on auction, it’s like being the manager of a boxer: you talk up your guy until he gets into the ring and gets smacked. The litmus test for most of our artists is how well they do on public auction, where you haven’t got the intervention of galleries. There are a range of individuals and dealers, and that is where you will find the true value.”

Fine art investments must surely fall under the banner of ethical investments. Dividends are paid in every glance and in the satisfaction of knowing you are supporting a creative person, challenging you to look at the world in new ways. Shares you can feel excited about, but a painting you can fall in love with. No doubt, had I invested that money I spent on The blue lady in a good share, I would surely have made some decent money, but then ... I might not have met my wife!

Michael Thorne is a dabbler in the arts and the managing director of Sparx Media Illustration Agency.

The art of reducing estate dutyAlfred Bester discusses how art owners can organise their affairs to minimise estate duty and donations tax.

Art is usually acquired out of a love for art rather than as an investment. However, the market value of art assets may well con-tribute substantially to the dutiable value of your estate when you die.

Should there be insufficient liquid-ity in your estate, the executors may be compelled to realise the art assets to pay administration expenses, creditors’ claims and estate duty. The collection might be divided among a multitude of beneficiaries. Worse yet is the case where none of the beneficiaries has

any interest in the collection and may simply dispose of it.

It is important to appoint an execu-tor who understands art, its value and the ultimate benefit it could serve, not only to the family but also to the public.

It might seem odd that deceased estate practitioners seldom encoun-ter art collections or objects of art in deceased estates in South Africa. This might lead to the conclusion that these collections are disposed of prior to death, but often they are simply not declared to executors.

The fact that there is no centralised record of art in South Africa has led in many cases to art collec-tions becoming a “secret store of wealth” that passes silently from one generation to the next without being disclosed. This could be an oversight but it could equally be to escape estate duty and donations tax.

The South African Revenue Service (SARS) is becoming more sophisticated, and at some stage it is likely that a centralised record of art sales will be established.

With the introduction of the Financial Intelligence Centre Act, any suspicious transaction must be reported by any suspecting party to the Financial Intelligence Centre. This could have a direct effect on the auction industry, which could be compelled to declare details of buyers and sellers of art through auction houses. This “big brother” concept already directly affects the banking, financial, fiduciary and property sectors. It would not be unreasonable to expect tighter controls in other sectors of the economy, forcing the ultimate dis-closure on death of art, art objects, book collections and the like for the purposes of estate duty and donations tax.

Art acquired by way of purchase, inheritance or donation must be disclosed on your income tax return, even if you regard the items merely as personal-use items and part of your household furniture and effects. In terms of current legislation, art or art objects are not subject to capital gains tax (CGT) on disposal unless you are an art dealer, because they are regarded as personal-use assets. (Interest-ingly, neither the Income Tax Act nor the Estate Duty Act actually defines an art object.)

Should you leave your art assets to your spouse, they will be exempt from estate duty in terms of sec-tion 4(q) of the Estate Duty Act. However, on the death of the last-dying of you and your spouse and assuming you have left the assets to your children or their offspring, the market value of the assets will contribute to the dutiable value of your estate. Estate duty is charged at a flat rate of 20 percent on the net dutiable estate. The net dutiable estate is determined after deducting the primary rebate of R3.5 million, administration expenses and credi-tors’ claims, as well as any further deductions in terms of section four of the Estate Duty Act.

There are perfectly legal ways of minimising estate duty, notably through the opportunity afforded by art assets. The Estate Duty Act creates the mechanism by which you can create a structure

to minimise the impact your art collection will have on your estate for estate duty purposes. This can be achieved by subjecting the collection to a notarial lease (a lease drawn up and executed by a notary) for a period of not less than 30 years, during which period the owner’s death occurs (meaning the owner has to die during the period of the lease).

The lease could, for example, be in favour of Iziko South African National Gallery or an association, such as The Friends of the South African National Gallery, as long as the lessee retains the status of a public benefit organisation (PBO) in terms of the Income Tax Act and related legislation. The total value of the collection would therefore not only escape CGT, but would also be exempt from estate duty. At the end of the notarial lease period, the collection would merely pass to the lessor’s beneficiaries, which could be a suitable family trust.

Should Iziko South African Na-tional Gallery elect not to take con-trol and possession of an art col-lection after the death of the lessor, another recognised state institution or PBO, such as The Friends of the South African National Gallery, as a quasi “art ombudsman”, could be appointed to have effective control, while the benefactor’s estate would still be able to enjoy estate duty relief.

Other opportunities exist where the collection could flow through to a specialist trust, which looks after the collection in perpetuity. The founder of the trust could appoint family members and the nominees of, say, The Friends of the South African National Gallery or a similar institution as trustees under conditions stipulated by the trust deed. The founder of the trust may also be a trustee of the trust.

Alfred Bester is the head of trust and corporate services of Mait-land, in Cape Town. This article was originally printed in InTouch, Maitland’s quarterly newsletter.

Art and collectibles in your port-folioAndrew BradleyOver the past few years there has been a great deal of publicity about the phenomenal returns achieved by art and other collectibles. These reports are a reflection of reality.

However, it is inappropriate to extrapolate these cases as a general rule, because it is impossible to determine how far down the value chain these remarkable returns have permeated.

As human beings, we have a nasty habit of over-simplifying matters and creating rules of thumb. We also have a selective short-term memory when we do not properly understand what it is we are deal-ing with.

To avoid being caught up in hysteria, it is important to create a proper framework for making any investment decisions. Firstly, you need to understand the different kinds of assets you may own. There can be business assets, life-style assets, investment assets and philanthropic or speculative assets.

Art and collectibles do not meet any of the criteria to be classified

as an investment asset because they do not generate any invest-ment returns. Property and shares, for example, do meet the criteria in that they generate rental income or dividends. Based on these they could also generate capital growth. Art is therefore not in the arena of an investment. So, where does that leave it?

Well, if you are a dealer who buys and sells art, taking a commission from these activities could make it a business. If this is the case, there are significant other implications that do not apply to most art lov-ers.

Art can be a lifestyle asset you enjoy and from which you gain fulfilment, just like a motor car or boat. The fact that you may ultimately make some money from these assets is purely incidental to the lifestyle and aesthetic benefits you derive from them.

Art can also be a speculative or philanthropic asset. If you are buy-ing art to support a budding artist, your art purchases could have a very strong philanthropic slant to them. You expect nothing in return except the emotional fulfilment from the gesture you are making.

If you are buying because you believe the artist or the piece will in time receive greater recognition than is currently the case, you are speculating – not investing. Your gamble may well pay off, or it might not. The artist may not fulfil his or her potential, or the piece may not receive any interest from anyone other than you. In these instances, the odds on the gamble will be too high.

It is therefore crucial that you understand where any purchase fits into your overall portfolio. If it is art, make sure that, from the start, you derive full enjoyment from it. It is therefore a lifestyle asset, which may have some speculative benefits. It is at no time an invest-ment.

As you accumulate lifestyle assets and speculative assets, remember that your financial future will be secured only by investments, with help from business assets. Until you have secured your financial future through investment assets, you should keep your speculation and lifestyle assets to a minimum, otherwise you are gambling with your future well-being.

As a sobriety-check, also ask your-self where the money comes from to bid up the prices of art and col-lectibles. The only conclusion can be from business and investment assets. So when these two areas of the economy are buoyant, you will find that they fuel the prices of life-style and speculative assets. Even then you should have your money tied up in the engine room of eco-nomic growth and prosperity. Only surplus assets should be allocated to art and collectibles that can give you a speculative gain.

Andrew Bradley is the chief execu-tive of acsis, a financial planning company.

But is it an investment?

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06 BUSINESS ART | MAY 09 ART AND INVESTMENT

Page 7: Business Art May 2009

Terence McCaw (1913 – 1978) was awarded a scholarship to study at the Witwatersrand Techni-cal Art School, where he was enrolled from 1930 to 1933 and studied under Sydney Carter and Emily Fern – the influence of Cart-er on his work endured throughout his artistic career. McCaw and Walter Battiss met and became close friends while studying to-gether; with Battiss declaring him “without doubt the best painter at the school.” They maintained a life-long friendship and went on several painting trips together. Determined to earn his living as a professional artist he worked in Cape Town for a year after his studies before returning to Johan-nesburg to work as a commercial artist. One can only guess that this was a compromise brought on by the harsh reality of trying to earn a living from his art while he was yet to establish a reputa-tion. In 1935 his extremely skilled draftsmanship saw him taking first prize in a South African Railways poster competition. Thereafter he was awarded with a travel bursary to study art abroad. He furthered his training in London at Heath-erleys and the Central School of Art. While in London he exhibited with the London Group and Royal Watercolour society. His talent and skill was such that while still a student he had paintings hung in the Royal Academy, the Royal Institute of Oil Painters, the Royal British Association, the Royal Portrait Society and at Agnews of Bond Street. He then spent six months traveling and painting in Spain and Morocco before return-ing to South Africa in 1937, where after he returned once again to Cape Town. McCaw then became a founder member and active protagonist of the New Group, established in 1938 with Battiss and Gregoire Boonzaier. While working in close association with Boonzaier, Mc-Caw would have been exposed to the work of first generation Cape Impressionist - Pieter Wenning, who had been a close friend of the Boonzaier family. Wenning’s influence is discernible in Boonza-ier’s work but is much more strongly present in McCaw, even though McCaw states Cezanne as influence; this is more visible in Boonzaier’s work. Therefore these two young artists seem to share much cross-pollination of inspira-tion, intent and influence. Simi-larly both artists were caught up in the same position. Starting off as highly talented, skilled and ambi-tious; that which would have first been ‘new’ work, though hardly avante garde especially as second generation Cape Impressionists, as the public received their styles fa-vorably they were then forced into a position of maintaining a course, lest they lose their buying public. In contrast, Battiss did not depend on his art sales for his income, for this he relied on teaching art. He was therefore free to keep pushing the boundaries of his artwork and experiment freely – leaving the other two behind in terms of stylis-tic trends and thereby remaining at the forefront of South African art developments throughout his life. “Terence told me how doing Com-mercial Art for a living in Johan-nesburg had injured his creative vision. Actually that’s what later undid him… I think with all his easy talent of elegant style Terence finally signed his artistic death warrant painting for a commercial gallery and getting tied up, with no escape.”

He was appointed in November 1943 as one of the Official War Artists for the South African Defence Force to record the events of WWII, where he was mainly stationed in Italy. This allowed

some respite from the ideals of the New Group in order to capture the landscape of warfare in a fairly realistic manner. The spontane-ity, directness and strong visual appeal of Cape Impressionism was well-suited to this purpose as “his pictorial account of people, places and events along the battlefront won him further acclaim.” After the War he returned to South Africa and settled in Hout Bay. In 1948 four works were included in the Overseas Exhibition of South African Art. In 1950 he joined a scientific expedition to Mozam-bique and Zimbabwe as official artist to record newly discovered paintings of the ‘Bushmen’. This trip resulted in a show in Harare and included landscapes of the Zambezi area. Following this he spent a year painting in Zanzibar, the artworks from this time he then exhibited in Nairobi. In 1952 he returned to visit Italy and lived on the island of Ischia for a year. While he returned to live in Hout Bay he was to make many return visits to paint in Italy. The ‘50’s were not a particularly produc-tive time artistically for McCaw. He fell ill and seemed to struggle to regain his health. One may con-jecture that he was perhaps floun-dering to find his way artistically, having for so long painted to fulfill public demand and expectation of his work. Consequently he painted only sporadically which resulted in works of varying degrees of quality during the 1950’s.The 1960’s saw McCaw concen-trating his creative energy into his property at Hout Bay and his re-portedly magnificent garden. This nurturing of his surrounds bore artistic fruit and a second wave of renewed energy as McCaw went on the have two highly successful one-man exhibitions in 1972 and 1975. He died at the age of 64 in February 1978. “He had painted for over 40 years, exhibited throughout the world, and won the acclamation and respect of critics and public alike both here and overseas.”

Eds. Harmsen, F. & Cook, D. (1979) De Arte 23 April 1979, Unisa Journal of the Department of Art History and Fine Arts, Pretoria: Unisa, p. 48 quota-tion from a letter by Walter Battiss. Eds. Huntingford, N.P.C & Hardy, R.E. (1982) The WWII Works of Terence MacCaw S.A. National Gallery Catalogue 1983 Johannesburg: S.A. Na-tional Museum of Military History. Eds. Harmsen, F. & Cook, D. (1979) De Arte 23 April 1979, Unisa Journal of the Department of Art History and Fine Arts, Pretoria: Unisa, p. 48 quotation from a letter by Walter Battiss – italics his emphasis Eds. Huntingford, N.P.C & Hardy, R.E. (1982) The WWII Works of Terence MacCaw S.A. National Gallery Catalogue 1983 Johannesburg: S.A. Na-tional Museum of Military History Ibid. Ibid. Werth, A.J. Bulletin, Pretoria Art Museum, Volume 12 No. 3 July 1978. Quoted from the 1974 exhibi-tion catalogue. Eds. Huntingford, N.P.C & Hardy, R.E. (1982) The WWII Works of Terence MacCaw S.A. National Gallery Catalogue 1983 Johannesburg: S.A. Na-tional Museum of Military History

‘I am amazed by one thing that I’m glad never left me - that is the beauty of the lines, the fine lines’ (Feni, 1987).

In an interview with Eva Cockcroft for Art and Artists in 1983, titled I Come From a Long Tradition, Dumile claimed that the most important influence in his artistic development was his childhood vis-its to the Bushman caves with his mother, where he saw the paintings of his ancestors. The statement by Dumile quoted above comes from an article in SA New Writing, Photographs & Art (1987), in which he confirmed this early influence, adding that the cave paintings still inspired the style and sensibility of his work.Dumile had started exploring the Rotring™ fine pen medium shortly before his departure from South Africa in 1968. This was a significant departure from his large scale charcoal drawings exhibited at Gallery 101 and the Durban Art Gallery in 1966 and 1967.Fine lines were employed in part, in most of Dumile’s drawings to achieve various pictorial effects. The works he completed on his arrival in London are particularly significant as they are characterised by the consistent use of fine lines throughout the drawings.Four figures and the series of 5 drawings shown on this exhibition were among the first Rotring™ pen drawings Dumile produced in London. Four figures was shown at his first London exhibition, Dumile Feni 37 drawings, at the Grosvenor Gallery from July 29 to Septem-ber 1 1969. The 5 drawing series was acquired by Eric Estorick, the director of the Grosvenor Gallery. Dumile also contributed to the landmark show; the Contemporary African Arts exhibition at the Cam-den Arts Centre, which took place within weeks of the opening of the Grosvenor Gallery exhibition. He received favourable reviews for his work at both these shows. When researching the history of these works and the circumstances under which they were produced, it becomes apparent how important they are with respect to the personal upheaval he endured at the time. Apart from being uprooted from the land of his birth, he also had to leave behind his partner, Florence Dyali, who was seven months pregnant with their child.

In South Africa, because of Apart-heid regulations, Dumile had been unable to secure authorisation to live and work in Johannesburg de-spite having a supply-contract with Gallery 101. Authorities threatened to move him to a tribal homeland, which would effectively have end-ed his artistic career. This created a moral dilemma for Dumile; if he stayed until his child was born, he risked being arrested.Lionel Ngakane notes:… Dumile failed to convince the authorities that being an artist was a profession and he was eventually expelled from Johannesburg and sent back to Cape Town. In Cape Town he was given fourteen days to leave and was endorsed to his town of birth, Worcester. Worcester also refused him a resident’s permit and in turn gave him fourteen days to leave, or be arrested and sent

to a tribal reservation. Dumile in desperation returned to Johannes-burg and applied for a passport to leave the country. He had to wait for a year before he was granted the passport (Ngakane, Lionel. Dumile: A Profile. African Arts/Arts de Afrique 1970 volumeIII). As a result of Bill Ainslie’s inter-vention Dumile received an invita-tion to exhibit at the Grosvenor Gallery and eventually acquired a South African passport. The emotional turmoil he expe-rienced in the first months after his arrival in England, heightened by the birth of his child in South Africa, is evident in the dramatic power of the work he produced during this period. An inscription on one of the drawings in the series of 5 starts with the question, “What shall we name the child: …”. His daughter, Marriam, was born on 28 September 1968.

When Dumile arrived in London he stayed with the exiled writer, William “Bloke” Modisane, who provided him with studio space. He dedicated one of these early draw-ings, Theme for Bloke, later shown at the Grosvenor Gallery, to him.This collection of drawings consists mainly of figurative studies, pre-dominantly of women in postures of anguish, ranging from a single female figure who appears to be running out of the picture frame, to a more complex composition of nine figures.The scale and positioning of the figures fully utilize the large paper format, where open space is used for dramatic effect, emphasizing the isolation of the figure or figures in the composition. The empty spaces are devoid of references to landscape or any other pictorial devices that define space, much like the Bushman paintings in the caves that his mother showed him as a child.

These drawings are minimalist in composition, but not in execution, and some figures are more detailed than others. The contrast between the intensely detailed figures, and the open spaces, heightens the ten-sion in these unusual compositions.Some figures are static, while oth-ers are set in motion by the use of fine lines ghosted onto the paper, which suggest various stages of sequential movement.By 1969 Dumile’s approach to figu-rative subjects had changed, and his figures did not have the same mass as in his earlier drawings. He did, however, retain the use of fine lines to outline his subject matter and convey movement. Thereafter, his drawings became progressively stylized, although he never relin-quished his use of the fine lines. This stylistic development included a solidification of the outlines of many of his figures.

In the context of Dumile’s oeuvre, the dramatic emotional events of 1968 - his displacement to London and his absence from the birth of his child - influenced his stylistic development during this transition-al period. This resulted in a body of work which is unique, not only in terms of the stylistic approach to volume and mass, but also because of its specific emotional content. (BCS).

Michael Coulson

The two most recent auctions in-volving SA art confirm two trends: firstly, that the market for SA art is in SA; and secondly, that, no doubt in part as a result of tough economic conditions, buyers are shying away from some artists that have been commanding the highest prices.

Bonham’s sale of African Con-temporary Art in London on April 8 was nothing short of a disaster. Overall, 50 of the 95 lots sold, or 53%, but as the highest estimate works failed to sell, the gross of GBP352 000 (as always, including buyer’s premium and Vat, where applicable) fell under half the low estimate of GBP731 000.

In terms of numbers, works by SA artists matched the overall figure, 19 of 35 selling. But because the two highest estimates were in this category, and neither sold, the gross was a dismal 27% of the low estimate: GBP105 000 of GBP391 500. The two casualties were lot 32, a Kentridge oil estimated at GBP100 000-GBP150 000, and lot 39, a Marlene Dumas watercolour and pencil nude (GBP80 000-GBP120 000).

The only two lots to top GBP10 000 in this section were two Kentridge graphics, lots 33 and 42, at GBP15 600 (GBP8 000-GBP12 000) and GBP20 400 (GBP20 000-GBP30 000) respectively.

Given these failures, the surprising top price went to an acrylic and watercolour painting by Nigeria’s Benedict Enwonwu, estimated at just GBP20 000-GBP30 000, which was bid up to GBP66 000, followed by GBP30 000 for a sculpture by Ghana’s El Anatsui (GBP8 000-GBP12 000).

Stephen Welz & Co in Association with Sotheby’s (Swelco)’s Johan-nesburg sale on April 20 went better, especially the first session, which as usual comprised minor works. Seventyone of the 90 works sold, or 79%, grossing R657 000, well above the low estimate of R455 000. Top prices were an ex-travagant R28 000 for a Christiaan Nice landscape (R5 000-R8 000), and R24 600 each for an Andre de Beer genre scene R6 000-R9 000) and a Battiss Nude litho (R5 000-R6 000).

While the sales percentage was similar in the second session (101 of 126), here too some top-priced works fell short, so the reported

gross of R5.36m was well short of the low estimate of R8.10m. How-ever, the final result may beat this, as several lots on the auctioneer’s price list are marked TBA (to be advised), implying that the con-signors may accept below-reserve bids after the event.

These included the top estimate work, the Irma Stern double portrait (R800 000-R1.2m) and a clutch of five Adriaan Boshoffs (ranging from a low of R150 000 to a high of R900 000).

Others left on the shelf include two Pierneefs (R300 000-R500 000 and R200 000-R300 000), two Ngatanes (R250 000-R350 000 and R100 000-R150 000) and two Lucky Sibiya wood panels (R100 000-R150 000 and R80 000-R120 000.

After the Bonham’s experience, there must have been smiles of relief all round when Kentridge’s cover lot drawing The Highveld Style Masked Ball reached R560 000 (R500 000-R700 000). Another Pierneef did sell, at R392 000, just under the estimate range (R400 000-R600 000), while a Pieter Wenning landscape fetched R560 000 (R500 000-R800 000). A Preller still life, est R40 000-R60

000, was bid up to R123 200.

Swelco notes that artist records were set for landscapes by Cath-cart Methven landscape, at R201 600 (R80 000-R120 000) and Ger-hard Batha, at R67 200 (R20 000-R30 0000), the latter reportedly greeted by “applause and amused reaction.” Battiss and Boonzaaier were also well supported.

Next major event is Graham Britz’s auction of the Brett Kebble collection, about which I can say little as Britz declined the normal professional courtesy of provid-ing the media with copies of the catalogue. But I note that earlier suggestions that the gross could reach R100m have been moderated to R50m-R70m, while my main impression of the preview was a wall full of overcleaned and gloss-ily varnished Sterns that looked as if they had come off the easel that morning.

Swelco’s next auction is in Cape Town on May 26 and 27. The house says highlights include a Stern portrait of Zoe Randall (R1.8m-R2.4m) and landscapes by Hugo Naude (R250 000-R350 000) and Terrence McCaw (R120 000-R160 000).

ARTIST PROFILES & SOUTH AFRICAN ART AUCTIONS MAY 09 | BUSINESS ART 07

Moving In and Up at Stephan Welz and Company, in association with Sotheby’s

The start of 2009 saw a number of new faces crossing the threshold of Stephan Welz and Company, in association with Sotheby’s. The Silver Depart-ment gained the flair of Jennifer Schultz and Karen Randle, while the Furniture Department has been boosted two-fold with the passion of Michael Chandler and Anton Welz. Jennifer and Karen, with respective backgrounds in Jewellery and Fashion, have brought with them their keen sense of detail. Jennifer is also a winner of the Anglo Gold Riches of Africa design competition. In the auction business many lifelong key members start at the lowly level of intern and this is true for Karen and Michael. Michael worked as an intern in 2007 before leaving to complete his Honours in Art History and subsequently worked for both Deon Viljoen and the Everard Read Gallery before returning full time at the beginning of the year. Karen joined Stephan Welz and Co. as an intern mid-2008 and having proven her passion for the department was made full time at the end of 2008. Anton, sharing a department and a famous surname, returned to Stephan Welz and Co. at the same time as Michael. Anton gained his History of Art degree in Cape Town before heading up to Johannesburg for two years to be mentored by his uncle, Stephan Welz. He then entered the corporate world before re-join-ing the company, this time in Cape Town. With their combined efforts and enthusiasm these new members of staff are on hand, together with the rest of the team, to carry on the respected services of Stephan Welz and Company, in association with Sotheby’s.

South African Art Auction May update

Gallery Administrator The South African Print Gallery

We are looking for an efficient, creative gallery administrator

Quality preferable

Knowledge of South African Art and Artists BA Fine Arts (Hons) Computer and Internet literate Good manner and writing style Ability to work with artists and good grasp of logistics

Please e-mail your CV to: [email protected] Closing date for applications 31 May 09.

SA Print Gallery 107 Sir Lowry Road, Woodstock, Cape Town. Part of the new gallery strip.

New blood at Stephan Welz and Company, in association with Sotheby’s, (left - right) Jennifer Schultz, Anton Welz, Karen Randle and Michael Chandler

See more McCaws at the following Galleries

Johans Borman Fine Art Gallery Cape Town www.johansborman.co.za

Philip Harper Galleries Hermanus www.thephillipharpergalleries. co.za

Stellenbosch Art Gallery Stellenbosch www.stellenboschartgallery.co.za See Stephan Welz and Company, in association with Sotheby’s, upcoming Art Auction at www.swelco.co.za

Profile: Dumile Feni: 1968 Drawings Johans Borman Fine Art Gallery

Profile: Terence McCawFounder member of the New Group and created appeal for Cape Impressionism

Terence McCaw Kalk Bay, Cape Town

Garden, Hout Bay (Estimate R120 000 – R150 000) one of six works by the artist on the Cape Town Swelco auction 26 May 2009

Page 8: Business Art May 2009

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