Corporate Art Collections: A Handbook to Corporate Buying
This new volume in the series of Handbooks in International Art Business published in association with Sotheby's Institute of Art offers a timely guide to corporate collecting, examining the history, nature and importance of corporate collecting and the different reasons for starting and maintaining corporate collections, including investment, cultural cache, and asset diversification. Why do institutions take the plunge into an asset class that is usually very far from their core businesses? The authors categorise modern corporate art collections into four broad categories. First, there is the traditional corporate collection, where works are purchased directly from galleries or artists to enhance the office environments. Many of the collections that fall into this category - largely banks or financial-service organisations - have some of the best-quality works of any corporately held collection. The second category includes those collections that seek to say something about the company's corporate identity: these collections have become very involved with how the company would like to project itself. The third category is philanthropic collections: those that structure their collection strategy around a charitable remit. And finally the all-rounders: those companies whose work with the arts permeates their identity, office environment, social outreach and sponsorship. Based on interviews with the curators, consultants and investors who run such collections, and more extended case studies of important collections worldwide, the book concludes with an examination of when corporate collecting becomes a liability and the market-impact of deaccessioning, looking ahead to the future of corporate collecting.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Monsoon Part Two Change Crisis Finance and What Lies
TheSara LeeCollection TheArtof Salzmann Taxes by Catherine Higgs and James
Other editions - View all
Abraaj Capital acquisitions Alex Katz andthe art fairs artists Artwise artworks atthe auction Bank’s brand British Airways budget building buying bythe Cazenove Chase Manhattan clients collector commissioned committee company’s consultant contemporary art corporate art collections corporate collection corporate social responsibility corporateart corporatecollections creative cultural curator Damien Hirst deaccessioning Deloitte Deutsche Deutsche Bank Email correspondence employees environment Evans exhibitions firm Fleming Collection fromthe galleries Gregory Crewdson Harley headquarters Hiscox ibid identity inhouse installation institutions Insurance inthe investment itis JPMorgan JPMorgan Chase Keith Tyson Louis Vuitton lounge Monsoon museum notonly O’Kane ofart ofthe collection onthe organisations paintings patronage photographs Pictet pieces prize programme purchased Sara Lee sculpture Simmons & Simmons Sotheby’s space sponsorship staff Standard Bank thatthe theart thecollection thecompany thework tobe tothe Tracey Emin walls Whilst witha withthe York Yves Klein