ART THE FUN INVESTMENT
By Jacques Durandt
Fine art prices are rocketing globally and locally. Investors continue to buy pieces at record prices, particularly contemporary works. According to Business Times, 6 September 2009, Stephan Welz said that there were some 60 records set for South African art this year. A rare painting of Irma Stern bought more than 30 years ago for R4 800 recently sold for R7.2 million on auction at Strauss & Co. The May moses annual all-art index vs S&P 500 total return index from 1957, art outperforms the S&P. Art 30% a year from 1985 to 1990. The past 5 years averaged 23%. Art has been used by the wealthy for more than 5000 years to exhibit their wealth.
According to Stephan Welz art is not truly an investment. As it does not pay dividend, bring in no rent and then there is also the cost money to keep up. He calls it a form of wealth. On the other hand Graham Britz Fine art stakes his business that it is a definite investment and he regards himself as an art fund manager.
Not far from the narrow streets of the Bo-Kaap and the informal settlements of the
His talent and art captured the South African market and his art is very sought after by collectors.
An artist who has the ability to see beyond the scene and capture the light. His skies are legendary and his light outshines others.
An artist who paints his feelings into the painting, who captures the motion of a flying duck and grazing horses in a tranquil setting.
(Composed by J Durandt- with acknowledgement to Johans Bornman)
It is such a joy and a privilege to witness any creative process where talent, skill and conceptual ingenuity are applied to produce a unique result that captures our minds and emotions. Art lovers will all agree that it is the mystery of this process and the intrigue of its emotional and psychological impact that provides the excitement and fascination which keeps us coming back for more.
Johans Bornman Fine Art Gallery promoted this very talented painter and well grounded young man’s work for the past 15 years. Hennie’s focus on quality and his commitment to a sustainable long term strategy regarding his output and pricing has served him well.