By Sotheby’s

Expected to Realise in the Region of £65 Million / $80 Million

“Dame mit Fächer (Lady with a Fan) is the last portrait Gustav Klimt created before his untimely death, when still in his artistic prime and producing some of his most accomplished and experimental works. Many of those works, certainly the portraits for which he is best known, were commissions. This, though, is something completely different – a technical tour de force, full of boundary-pushing experimentation, as well as a heartfelt ode to absolute beauty.”

HELENA NEWMAN, SOTHEBY’S CHAIRMAN, EUROPE, AND WORLDWIDE HEAD OF IMPRESSIONIST AND MODERN ART

LONDON, 14 JUNE 2023 – Today, Sotheby’s reveals a work that is not only the star of the summer auction season in London, but also one of the finest and most valuable works of art ever to be offered in Europe.

Still standing on an easel in Gustav Klimt’s studio at the time of the artist’s unexpected and untimely death in February 1918, Dame mit Fächer (Lady with a Fan) – a beautiful, rich and alluring portrait of an unnamed woman – brings together all the technical prowess and creative exuberance that define Klimt’s greatest work.

The last portrait Klimt painted, Dame mit Fächer is also among his finest works, created when he was still in his artistic prime, and at a moment when the ‘formality’ of his earlier commissioned work gives way to a new expressivity – an ever-deeper, ever-more joyful immersion in pattern, colour and form, which – while clearly influenced by his contemporaries Van Gogh, Matisse and Gauguin – became something entirely different in his hands.

Similarly, while the slightly earlier works of Klimt’s famous ‘golden period’ – led by the iconic portrait of Adele Bloch-Bauer I of 1907 – see their sitter presented icon-like, amid a tapestry of golden shapes, here the sitter almost dissolves into the background, the soft patterning of the woman’s skin repeated in the pale-yellow background.

DAME MIT FÄCHER ON AN EASEL IN KLIMT’S STUDIO, 1918

Klimt first started work on Lady with a Fan in 1917, by which time he was among the most celebrated portraitists in Europe: commissions came thick and fast, for which he was able to command prices far higher than any of his contemporaries. But this was a rare work painted entirely in the pursuit of his own interests. Full of freedom and spontaneity, it reflects Klimt’s joy in painting it and in celebrating beauty in its purest form. It also reveals his innovative approach. Traditionally, portraits were – and still are – painted in the eponymous ‘portrait (or vertical) form’. Here, Klimt returns to the square format that he used for his avantgarde landscapes earlier in the century, giving this painting a uniquely ‘modern’ edge.

Klimt also here gives full expression to his complete fascination with Chinese and Japanese art and culture. Luscious, silken kimonos and Chinese robes are known to have been his dresswear of choice, and his home abounded with beautiful objects from the East. Egon Schiele, a regular visitor, describes it like this: ‘the sitting room, [was] furnished with a square table in the middle and a large number of Japanese prints covering the walls… and from there into another room whose wall was entirely covered by a huge wardrobe, which held his marvelous collection of Chinese and Japanese robes.’

In Dame mit Fächer, Klimt draws principally on Chinese motifs: the phoenix (symbol of immortality and rebirth, good fortune and fidelity) and lotus blossoms (symbols of love, happy marriage and/or purity). Meanwhile, his flattening of the background and juxtaposition of patterns reflects his deep interest in Japanese woodblock prints.

“The beauty and sensuality of the portrait lies in the detail: the flecks of blue and pink which enliven the sitter’s skin, the feathery lines of her eyelashes and the pursed lips that give her face character. Klimt here gave himself full freedom to capture on canvas a devastatingly beautiful woman. Her provocatively bared shoulder, poise and quiet self-assurance combine to stunning effect.”

THOMAS BOYD BOWMAN, HEAD OF IMPRES SIONIST AND MODERN ART EVENING SALES, SOTHEBY’S LONDON

The painting was acquired shortly after Klimt’s death by Viennese industrialist Erwin Böhler. The Böhler family, including Erwin’s brother Heinrich and his cousin Hans, were close friends and patrons of both Klimt and Egon Schiele. They vacationed with Gustav Klimt on the Attersee, a lake near Salzburg that was the inspiration for many of the artist’s most important landscapes and can be seen in photographs together. In 1916 Erwin purchased the Litzelberg – a small island in the lake immortalised in Klimt’s paintings. An important supporter of the arts, Erwin Böhler commissioned leading architect Josef Hoffmann to decorate the rooms of his apartment in the Palais Dumba in Vienna where the painting hung in the Music Room alongside Klimt’s landscapes Waldabhang in Unterach am Attersee and Presshaus am Attersee which were also part of his collection. The work eventually passed to Heinrich and then, upon his death in 1940, to Heinrich’s wife Mabel.

By 1967 it was in the collection of Rudolf Leopold, who is known to have purchased a large group of Schiele drawings from Mabel Böhler in 1952 and may also have acquired this work from her. Dame mit Fächer was last offered for sale nearly thirty years ago in 1994, when it was acquired by the family of the present owner. Most recently it was the subject of an important exhibition at the Belvedere in Vienna where it was reunited with and shown alongside Klimt’s other great, late masterpieces.

The exhibition of the painting in Sotheby’s New Bond Street galleries later this month will mark a major moment for Klimt lovers in London, with three major portraits by the artist on view simultaneously in the capital for the first time ever. (The other portraits, Hermine Gallia of 1904 and Adele Bloch Bauer II of 1912, are currently on view in the National Gallery’s much-acclaimed show, ‘After Impressionism’.)

One of only a small number of portraits by Klimt still in private hands, Lady with a Fan will be offered in Sotheby’s marquee Modern & Contemporary Evening Auction in London on 27 June with an estimate in the region of £65 million ($80 million).

The appearance of this major work at auction marks an important moment for the market: not only is the painting the most valuable ever to have been offered at auction in Europe, it also now joins the ranks of the most valuable portraits – of any era – ever to have come to auction.

Klimt himself also sits in the select pantheon of artists to have achieved over $100m at auction – his Birch Forest having sold as part of the Paul G. Allen Collection last year for $104.6m. While that was a landscape, only one portrait by Klimt of this calibre has ever appeared at auction before: Portrait of Adele Bloch-Bauer II, from 1912, which made $87.9m in 2006.

Dame mit Fächer also joins a strong sequence of spectacular works to have starred in Sotheby’s Marquee Seasons in London: most recently René Magritte’s L’empire des lumières (sold for £59.4m / $79.8m, March 2022) and Wassily Kandinsky’s Murnau mit Kirche II (sold for £37.2m / $44.9m, March 2023).

The star offering in London this June, Dame mit Fächer will feature large in what is set to be a very special season of auctions, exhibitions and events at Sotheby’s this summer, much of which will be focussed around the subject of portraiture – timed to celebrate the much-anticipated reopening of the National Portrait Gallery in London.

Accordingly, Sotheby’s marquee Modern & Contemporary Evening Auction on 27 June will include a strong grouping of portraits – by leading artists such as Alberto Giacometti, Edvard Munch, Leonor Fini, Elizabeth Peyton and Kerry James Marshall – all to be presented in a special sequence (‘Face To Face’) dedicated to this long but totally timeless and multi-faceted tradition.

That too will be complemented by a special exhibition of masterpieces from Chatsworth House in Derbyshire, one of Britain’s finest stately homes, featuring works by Rembrandt, Sir Joshua Reynolds, Lucian Freud and Michael Craig-Martin, many of them never seen in the UK outside of Chatsworth before.

Portraits from Chatsworth – A Loan Exhibition will be on public view from 30 May to 4 July. Meanwhile, Klimt’s Dame mit Fächer, and other highlights from Sotheby’s suite of flagship June sales will be on view to the public from 20 to 27 June. Both exhibitions are free and open to all.

Notes to Editors

Highest prices ever achieved at auction in Europe:

£65m / $104.3m – Alberto Giacometti, Walking Man I (Sotheby’s London, February 2010) – record for any work of art sold at auction in Europe

£40.9m / $80.4m – Claude Monet, Le basin aux nymphéas – (Christie’s London, June 2008) – record for any painting sold at auction in Europe

£59.4m / $79.8m – René Magritte, L’empire des lumières (Sotheby’s London, March 2022)

£49.5m / $76.7m – Rubens, The Massacre of the Innocents (Sotheby’s London, July 2002)

BY ARSALAN MOHAMMAD | MAY 31, 2023

This September, as part of the ‘Freddie Mercury: A World of His Own’ Evening sale, Sotheby’s is honoured to introduce to the market one of the most important artifacts in pop culture- a 15 page folio of handwritten draft lyrics for ‘Bohemian Rhapsody’, in composer Freddie Mercury’s hand. To mark this thrilling moment, Arsalan Mohammad looks back at the genesis, birth and afterlife of this extraordinary piece of music, that changed everything for Mercury, Queen and pop music forever. 

Live Aid, London, July 13th, 1985. At 6.41pm on a sweltering London evening, Queen bound onstage. Freddie Mercury leaps across the vast promontory, energetically greeting the cheering crowd, before settling down at the piano, striking a few tentative notes and beginning to sing.

Mama… Just killed a man…

There is a colossal roar of recognition, before the 72,000 people in the crowd start singing along, in massed, wavering harmony. It’s a safe bet that a great many of the estimated two billion viewers worldwide are singing along too. And as the song unfurls, Freddie goes on to give it his all in a 21-minute performance that will go on to be universally acclaimed the undisputed highlight of the biggest-ever gig in rock history, reminding the world why together, the alchemy of ‘Bohemian Rhapsody’, Queen and Freddie Mercury were unbeatable.

Could there have been any other song to meet this moment, that could instantly unite millions, in seconds? That July day showed again the ineffable power of ‘Bohemian Rhapsody’ to entrance and uplift billions of viewers, on a day full of appeals to the heart. And it succeeded, magnificently. ‘Queen were absolutely the best band of the day,’ organiser Bob Geldof said later. ‘They played the best, had the best sound. It was the perfect stage for Freddie: the whole world!’

11 CONTACT SHEETS FROM MICK ROCK’S PHOTOSHOOT FOR QUEEN II, THE BAND’S SECOND STUDIO ALBUM, RELEASED IN 1974. KNOWN AS “THE PHOTOGRAPHER WHO SHOT THE 1970S”, MICK ROCK’S MARLENE DIETRICH INSPIRED COVER PHOTOGRAPH WAS FREQUENTLY RE-PURPOSED BY QUEEN, AND BECAME THE BASIS FOR THE BOHEMIAN RHAPSODY MUSIC VIDEO THE FOLLOWING YEAR (1975). HAND-DRAWN MARKINGS AND CIRCLING ON THE CONTACT SHEET DENOTES THE PREFERRED SHOTS. ESTIMATE: £5,000 – £7,000

‘Bohemian Rhapsody’, Queen’s sixth single, was first released in October 1975, trailing their transformational A Night at The Opera album. Like Queen’s Live Aid appearance, the single was a dramatic, high-stakes gamble, undertaken by a band with something to prove, needing to reaffirm their phenomenal talent to themselves and the world.

No one had released a pop single like this before. Especially not a financially struggling young British rock group, three albums into their career, desperately in need of a make-or-break smash hit to fully vindicate their potential to conquer the global pop market.

‘We felt it probably captured more or less all the types of moods that we were doing. So, we thought: OK, this is what we want to present to the public – let’s see what they do with it.’

FREDDIE MERCURY, 1976

‘We felt it probably captured more or less all the types of moods that we were doing,’ Mercury told Phonograph Record magazine in 1976. ‘So, we thought: OK, this is what we want to present to the public – let’s see what they do with it.’

But Queen had always been different. Roger Taylor, John Deacon, and Brian May, graduates in science and engineering, were gifted, practical, and reliable. Their mercurial front-man, meanwhile, steeped in art, music, fashion, and theatre was blessed with an electrifying, onstage charisma. From Queen’s earliest days, he possessed the stage, thrilling audiences with swaggering showmanship and of course, that startling, octave-vaulting voice. But there was more to Freddie Mercury than just being an exceptional performer. A self-taught vocalist, with the exceptional ability to sing across three octaves, he had also learned to hone his exceptional talents for musicianship, composition, and writing. By 1975, after years of touring and recording, he knew he was ready for the big time. The question was, was the big time ready for Freddie?

ONE OF 15 PAGES OF FREDDIE MERCURY’S AUTOGRAPHED WORKING LYRICS FOR BOHEMIAN RHAPSODY (C. 1974) ESTIMATE: £800,000 – £1.2 MILLION

Despite the success of 1974’s Sheer Heart Attack album and its single ‘Killer Queen’ becoming an international hit, to say nothing of extensive global touring, Queen were severely frustrated by their lack of funds. Having persuaded Elton John’s manager John Reid to take them on and drive them, as he had Elton, to international stardom, their new manager agreed to review their finances, issuing his new charges a simple instruction: ‘Go into the studio and make the best record you can!’

‘Bohemian Rhapsody’, written entirely by Mercury, was the result. Woven from various fragments of lyrics and tunes he had been tinkering with for years, by the time Freddie came to draft the set of lyrics on the 15 pages included in Sotheby’s Freddie Mercury: A World of His Own Evening auction, the structure was in place and ready to be presented to the band, during sessions for the A Night at the Opera album. The final version would last six minutes and encompass multi-tracked choral music, operatic motifs, heavy rock, and piano balladry.

FREDDIE MERCURY AT A GRAND PIANO AT RIDGE FARM STUDIO DURING THE RECORDING OF QUEEN’S ALBUM ‘A NIGHT AT THE OPERA’, JULY 1975. (PHOTO BY WATAL ASANUMA/SHINKO MUSIC/GETTY IMAGES)

The track was gradually sculpted over three weeks of dedicated sessions across four studios, pushing the band’s skill and musicianship to the max, testing the limits of recording technology and costing EMI more than any previous pop single to produce. ‘The track had been evolving for a while,’ said Brian May. ‘We knew it was something very special. It was Freddie’s dream.’ As a final touch, ‘Bohemian Rhapsody’ invented the modern pop video, an extraordinary thing fluttering between high camp drama, electrifying in-concert footage, and state of the art video effects.

And ultimately, it redefined the parameters of pop, in a way not seen since the heyday of The Beatles. Fittingly, it would score a Beatles-like run at the top of the UK charts – nine weeks – making it the band’s first UK chart-topper and affirming their passage into global pop mega-stardom, confirming Freddie’s status as one of the greatest songwriters of his time. Peers such as Brian Wilson, Aerosmith’s Joe Perry and Abba’s Bjorn Ulvaeus were stunned – the latter admitting to being ‘green’ with envy when he first heard the single. ‘It was the biggest single of the century’ he said, some years later.

‘That was really when the Queen volcano erupted, when it suddenly just went bang!’ reflected Mercury, a couple of years after its release. ‘That single sold over a million and a quarter copies in Britain alone, which is outrageous. Imagine all those grandmothers grooving to it!’

RIAA GOLD SALES AWARDS FOR BOHEMIAN RHAPSODY (EST. £4,000 – £6,000)

The grooving grandmothers were just the start. Record label EMI was initially reluctant to issue an uncategorisable, six-minute, chorus-free track as a single, fearing radio DJs wouldn’t play it. This was immediately disproved when, in an act of bloody-minded determination, Queen’s management slipped the band’s friend, BBC radio DJ Kenny Everett, a test pressing of the single, with the firm instruction not to play it. ‘Of course I won’t!’ winked Everett, before promptly teasing his audience with excerpts from the song over the course of a weekend. Such was the resulting public clamour to hear more, EMI capitulated and the single was issued, on Hallowe’en, 1975. Two years later in 1977, the British Phonographic Industry declared it ‘The Best Single of The Last 25 Years’.

‘That single sold over a million and a quarter copies in Britain alone, which is outrageous. Imagine all those grandmothers grooving to it!’’

– FREDDIE MERCURY

‘BOHEMIAN RHAPSODY’ SINGLE (1975)

By 2018, according to the Official UK Charts, ‘Bohemian Rhapsody’ had sold over 2.5 million copies in Britain, and over six million worldwide. And by December 2018, when the Freddie Mercury biopic named after the track boosted the band’s profile yet again, the song was recognised as the world’s most-streamed track from the 20th century, surpassing 1.6 billion streams globally, across all major streaming services. It remains the biggest-selling British single of all time, excluding charity records.

It’s been inducted into the Grammy Hall of Fame, topped countless critics and fans polls, and Freddie’s vocal performance was elected by readers of Rolling Stone magazine as the best in rock history. It’s topped the charts at Christmas twice (upon its 1975 release and again, following Freddie’s death in 1991) and inspired some of the most memorable moments in pop culture over the past few decades (remember Wayne’s World?) In short, ‘Bohemian Rhapsody’ is not just a pop song. It is a legend.

‘I remember exactly where I was when I first heard “Bohemian Rhapsody”,’ says Sir Tim Rice, lyricist of some of the most popular musicals of the past half century. ‘I was driving through East Grinstead in the winter of ’75. I thought the record was extraordinary. I couldn’t believe it was a single; it was so long, three or four numbers in one. It was operatic and theatrical as much as it was pop and rock. Even today, it’s one of those recordings where you still hear new things in it, or have a new take on it, every time it’s played.’

SIR TIM RICE (LONDON LIBRARY)

By 1976, Rice and Andrew Lloyd Webber were writing and recording a new musical, Evita, to follow their worldwide success with Joseph and the Amazing Technicolor Dreamcoat and Jesus Christ Superstar. ‘We were working in the rock operatic theatrical field, and certainly felt that “Bohemian Rhapsody” was more than just a great pop record, a six-minute musical – and its massive commercial acceptance was encouraging.’

‘I loved the way it ends – “nothing really matters much to me, anyway the wind blows“. It’s a brave thing to say in a song; it’s easier to express something really positive but here is Freddie at the climax of a pretty self-lacerating song, revealing innermost feelings, saying, when all is said and done, nothing actually matters, I don’t really matter. John Lennon also did that superbly in “Strawberry Fields Forever”, which could have been a bit of an influence on Freddie.’

Both the band, and their producer Roy Thomas Baker, cited the Beatles’ ‘Sergeant Pepper’s Lonely Hearts Club Band’ as a pivotal influence. Brian May called the 1967 LP their ‘bible’, during the sessions for the eclectic A Night at The Opera album. And
Beatle-y fingerprints are all over ‘Bohemian Rhapsody’ – not just in the unique compositional structure, ambiguous lyrics and precision-engineered harmonies, but also in the extraordinary lengths Queen and Baker went to in the studio, in realising Freddie’s vision.

‘It was as operatic and theatrical as much as it was pop and rock. It’s one of those records, where you still hear new things in it, or a new take on it, every time you hear it.’

– SIR TIM RICE

‘Freddie had mapped it all out,’ Brian May recently told musician Rick Beato in a YouTube interview. ‘He came into the studio with little pieces of paper on which he’d worked out every line in the song. He played it in pieces to us, initially in sections, and then we’d try it out. We would learn it, sing it, make sure it’s all in tune and then we doubled [overdubbed] it, singing it over again, so it starts to sound nice and fat. It came together pretty quickly’.

QUEEN SHOOTING THE LIVE PERFORMANCE SECTION OF THE MUSIC VIDEO FOR THEIR SINGLE ‘BOHEMIAN RHAPSODY’ AT ELSTREE STUDIOS, HERTFORDSHIRE, UNITED KINGDOM, NOVEMBER 1975. (PHOTO BY WATAL ASANUMA/SHINKO MUSIC/GETTY IMAGES)

Indeed, so fat were the massed banks of harmonies, built up by dozens of layers of Freddie, Brian, and Roger’s voices – it’s estimated ‘Bohemian Rhapsody’ had 180 overdubs – the two-inch analogue master tape started to actually disintegrate during sessions. And, as producer George Martin found with The Beatles, Baker found Queen’s demands for ever-more outlandish sounds and studio wizardry spurring him on to greater degrees of improvisation and resourcefulness, such as placing amplifier speakers inside concrete tubes, to give John Deacon’s bass an extra robust ‘honk’. In 1995, Baker recalled the song’s evolution in an interview with Sight & Sound magazine.

‘The first half, or ballad section, was done with piano, drums, and bass – the normal routine. Then, the end rock section was recorded as a separate song, in the way that we would normally record a loud rock number of that period. It was obviously very unusual, and we originally planned to have just a couple of “Galileos”. But things often have a habit of evolving differently once you’re inside the studio, and it did get longer and bigger…’

Energised by the creative potential of the band and studio, Freddie let rip with what has become his most famous set of lyrics. The story, in prosaic terms, opens with the young protagonist lamenting his impending death, a punishment for having ‘killed a man’. In a manner reminiscent of The Beatles’ ‘A Day in The Life’, having once established the scene, the vocal merges into a vertiginous instrumental bridge, May’s snake-like guitar tone soloing skywards, before tumbling into a clipped, staccato piano motif and an arch tenor, enunciating briskly.

ONE OF 15 PAGES OF FREDDIE MERCURY’S AUTOGRAPHED WORKING LYRICS FOR BOHEMIAN RHAPSODY (C. 1974) ESTIMATE: £800,000 – £1.2 MILLION

I see a little silhouette-o of a man/Scaramouche, Scaramouche, will you do the fandango!

Queen and Roy Thomas Baker approach this section, instantly recognisable, with such a vivid palette of ideas and influences that Freddie’s allusive narrative moves swiftly through fear, disorientation, anger and exultation with pitch-perfect stylistic detail. It is a brilliant mimicry of operatic forms, with massed voices contrasting with aria-like solos, evoking fundamental themes that underpin many of the world’s greatest operas; the human condition, crime, punishment, tragedy and transformation. Or then again, maybe, not. The band themselves were far from keen to elaborate on what it all actually meant.

‘It’s very self-explanatory,’ commented Roger Taylor of the ‘operatic’ section, in a BBC documentary. ‘There’s just a bit of nonsense in the middle.’ Mercury himself referred to the song as ‘mock opera’. More prosaically, Brian May simply shrugged when asked for an interpretation, ‘I don’t think we will ever know’.

A ‘SILVER MOONMAN’ MTV VIDEO MUSIC AWARD FOR BEST VIDEO FROM A FILM IN 1992THE VIDEO SPLICED TOGETHER CLIPS FROM QUEEN’S ORIGINAL BOHEMIAN RHAPSODY PROMOTIONAL VIDEO AND FOOTAGE OF THE BAND PERFORMING IT, TOGETHER WITH SCENES FROM THE FILM, WAYNE WORLD, WHERE WAYNE (MIKE MYERS) AND GARTH (DANA CARVEY) HEADBANG IN THE CAR TO THE ROCK SECTION OF THE SONG. THE AWARD WAS PRESENTED POSTHUMOUSLY TO FREDDIE MERCURY THE VERY SAME YEAR AND ACCEPTED BY BRIAN MAY AND ROGER TAYLOR. ESTIMATE: £15,000 – £25,000

Professor of English Literature, Matthew Beaumont at University College London, finds plenty of mystery in the lyrics of ‘Bohemian Rhapsody,’ but keeps a sensible distance from attempting a definitive interpretation of the text.

‘It is very mysterious,’ he says. ‘It’s challenging, partly because it is so enigmatic and because of all these shifts. But the quality of the writing, both the music and the lyrics, is so extraordinary that it always carries the audience with it. One of the things it does is to invite you to try to construct a narrative, it’s constantly tempting you. But there are just too many different voices, and it’s too multi-layered, to fit into a simple narrative template.’

When pushed, Beaumont does see some resonance in Freddie’s lyric with the legend of Faust, in which a protagonist makes a pact with the devil, promising creativity in exchange for one’s soul. ‘So [perhaps] the song itself is the product of the pact that had been made with the devil.’ He also sees direct influences from opera, with the line ‘I see a little silhouetto’ recalling ‘Mozart at his campest’, with characters such as The Magic Flute’s Papageno.

‘It’s challenging, partly because it is so enigmatic and because of all these shifts. But the quality of the writing, both the music and the lyrics, is so extraordinary that it always carries the audience with it’

– PROFESSOR MATTHEW BEAUMONT, UNIVERSITY COLLEGE LONDON

‘I think insofar as we can lock down the form at all, it’s quite helpful to think of this in terms of a dramatic monologue rather than a rhapsody, because there’s a fictional persona who seems to be speaking. Not least in the passages such as ‘Bismillah, we will not let you go’ et cetera. It’s as if he’s speaking in tongues, almost.’

This reading certainly chimes with a great many interpretations of the ‘operatic’ section which can be heard as a conflict between the condemned protagonist and the forces of darkness, crowded in on all sides by shrill, devilish interlocutors, ultimately won by the hero dragging himself back from the brink of death. But, as Freddie himself put it, ‘we viewed it quite tongue-in-cheek’. Whatever was in his mind when he crafted these dense, allusive, brilliant lyrics, we will never know for sure. But the humour found in opera, especially when dealing with dark themes, greatly appealed to Mercury’s impish wit, allowing him to create an ambiguity that invited any reading the audience might wish to make.

‘One thinks of Puccini’s La Bohème because of the title obviously,’ says Beaumont. ‘And there’s a bit of La Bohème in the final verse, in that more reflective pathetic – in the technical sense of the term – line ‘nothing really matters’. There is a melancholy and sadness there.’

The song’s downbeat, resigned finale, rounded out with a regal swish of a tam tam gong, also beguiles Tim Rice. ‘And at the end he’s saying well actually, I don’t want to be a bore about it, but it doesn’t matter to me. But it does really. All these ironies are there, which makes them theatrical. Like – you can read a completely opposing string of thought underneath the main lyric or you can take it at face value.’

ONE OF 15 PAGES OF FREDDIE MERCURY’S AUTOGRAPHED WORKING LYRICS FOR BOHEMIAN RHAPSODY (C. 1974) ESTIMATE: £800,000 – £1.2 MILLION

Twelve years after the release of ‘Bohemian Rhapsody’, and the string of global smash hits that came in its wake (enough to ensure their 1981 Greatest Hits album became one of the best-selling albums of all time) Freddie was approaching the final crescendo of his career. His second solo album, Barcelona, was an opportunity for him to revisit the magical world of opera again, this time as a mature pop icon, known worldwide for his sky-scraping voice and flamboyant persona. And on Barcelona he finally gained acceptance as a truly operatic star. A collaboration on the title track, commissioned for the 1992 Barcelona Olympics, with his idol, the eminent soprano Montserrat Caballe, was ‘a dream come true’ for Freddie. Such was their rapport – there are many tales of the pair enjoying late night impromptu concerts around the piano at Garden Lodge, after raucous dinner parties – they embarked on recording the entire album together. For Freddie, it was a vindication of his ambition to be recognised and accepted as a rock singer who could more than hold his own alongside one of the greats of opera.

‘I was a bit bewildered why Freddie even wanted me, because he writes such brilliant lyrics’

– SIR TIM RICE

At one point during the Barcelona sessions, Mercury declared himself ‘lyric-ed out, darling,’ and insisted on Britain’s most celebrated musical lyricist joining him to help on a couple of tracks.

‘I was a bit bewildered why Freddie even wanted me, because he writes such brilliant lyrics,’ Sir Tim Rice recalls. ‘So, I went around to his house a few times and we wrote the songs in one or two sessions, with him around the piano, just him and me. And he was such a friendly fellow. I think he just wanted a fresh approach to a couple of songs, and so I wrote deliberately theatrical lyrics which were stories, four or five minute stories, a bit like “Bohemian Rhapsody”.’

Working with Mercury on his final masterpiece, inspired by ‘Bohemian Rhapsody’, Rice was convinced that had Mercury not tragically died, he would have soared higher, again invoking the spirit of that magical song, and making music that would transcend categorisation to touch everyone, delving deep into the human experience in an entertaining, symbolic and relatable way.

‘I’m sure that, had we had the opportunity, it would’ve been great to have written a grand opera with him, really,’ he concludes. ‘Grand Opera. That’s what I think he could have done.’

Source & Photo https://www.sothebys.com/

The Royal Art Collection

On Saturday, amidst a blend of contemporary elements and age-old customs, King Charles III was inaugurated in a grand crowning ceremony. Along with his ascension to the throne, he inherited a collection of treasures befitting a monarch, including Queen Elizabeth’s impressive stable of 70 thoroughbred horses valued at $34 million, a world-class Royal Philatelic Collection (stamps) worth $125 million, and a $30 million art collection featuring masterpieces by Monet, Chagall, and Dalí.

Masterworks adorning the walls of the Royal Art Collection showcase the remarkable taste and appreciation for art that has been passed down through generations of British monarchs. This illustrious collection, now in the possession of King Charles III, encompasses a diverse array of exquisite pieces spanning various artistic movements, periods, and styles.

The collection boasts an impressive assortment of paintings, sculptures, drawings, and tapestries, each representing a significant contribution to the world of art. From the grand halls adorned with classical masterpieces to the contemporary galleries showcasing cutting-edge creations, the Royal Art Collection offers a comprehensive representation of the evolution of artistic expression.

At the heart of this prestigious collection are the masterpieces by renowned artists such as Claude Monet, Marc Chagall, and Salvador Dalí. Monet, a pioneer of the Impressionist movement, captured the fleeting moments of nature with his vibrant brushstrokes and atmospheric depictions. His paintings, such as the iconic water lilies series or the stunning landscapes of Giverny, continue to captivate viewers with their beauty and emotional depth.

Chagall’s works, characterized by their dreamlike compositions and whimsical imagery, transport viewers into a realm of fantasy and enchantment. His vibrant colors, symbolic motifs, and references to folklore and religious themes create a poetic and imaginative universe that sparks the viewer’s imagination.

Dalí, a prominent figure of the Surrealist movement, challenged conventional notions of reality and rationality through his eccentric and thought-provoking creations. His melting clocks in “The Persistence of Memory” and his enigmatic symbolism in works like “The Elephants” or “The Temptation of St. Anthony” continue to intrigue and perplex art enthusiasts worldwide.

Beyond these celebrated artists, the Royal Art Collection encompasses an extensive range of works by other notable figures from various artistic movements. From the classical elegance of Renaissance masters like Leonardo da Vinci and Raphael to the bold and innovative creations of modernists like Pablo Picasso and Wassily Kandinsky, the collection embodies the rich tapestry of human creativity and artistic achievement.

Alongside paintings, sculptures also hold a prominent place in the collection. From the graceful forms of ancient Greek statues to the avant-garde explorations of contemporary sculptors, the Royal Art Collection showcases the evolution of sculptural techniques and aesthetics. The collection’s sculptures range from marble and bronze classics to unconventional materials and experimental installations, creating a dialogue between tradition and innovation.

The Royal Art Collection is not solely limited to traditional art forms but also includes works that push the boundaries of artistic expression. It embraces photography, video art, conceptual art, and installations, reflecting the ever-expanding horizons of contemporary artistic practice. By incorporating these dynamic and multidisciplinary works, the collection remains at the forefront of the art world, fostering dialogue and exploration of new artistic frontiers.

As King Charles III assumes his role as the custodian of this prestigious collection, he carries the responsibility of preserving its integrity while also making it accessible to the public. The Royal Art Collection has long served as a source of inspiration and education, and under his reign, it will continue to be a beacon of artistic excellence and cultural enlightenment.

To ensure the collection’s longevity and relevance, King Charles III will oversee carefully curated exhibitions, collaborations with renowned institutions, and initiatives aimed at fostering artistic engagement. By sharing these treasures with the public through exhibitions, loans, and digital platforms, the Royal Art Collection will reach a global audience, igniting passion for art and nurturing a deeper appreciation for the beauty and complexity of the human experience.

King Charles III’s reign marks a new chapter in the history of the collection, promising to uphold the legacy of his predecessors while embracing the possibilities of the future. With his unwavering commitment to the arts, the Royal Art Collection will continue to thrive, offering an immersive and transformativ

The Artistic Legacy of Gwen John

Discover the art and life of Gwen John at Pallant House Gallery in Chichester, England. Featuring 120+ paintings, watercolors, and drawings, the exhibition challenges John’s reputation as a recluse and brings her into focus as an important figure in European art. Curator Alicia Foster hopes to reilluminate John’s work for contemporary audiences with the exhibition and a new biography

We are delighted to announce a unique and exciting exhibition that pays tribute to the renowned British artist, Gwen John. Known for her distinctive style and focus on portraits and self-portraits, Gwen John left a powerful imprint on the art world in the early 20th century.

The exhibition, titled “The Artistic Legacy of Gwen John,” will take place at the prestigious City Modern Art Museum from May 15th to August 30th, 2023. This will be an unparalleled opportunity to explore the life and work of this talented artist who challenged the conventions of her time.

Gwen John was born in Wales in 1876 and became a prominent figure in the Parisian art scene during the Belle Époque. Her distinctive style is characterized by the subtlety of her brushstrokes and her ability to capture the essence of her subjects. Her portraits and self-portraits reveal an intimacy and introspection that transcend the canvas.

The exhibition will feature a wide selection of Gwen John’s works, including her most iconic portraits and captivating self-portraits. Additionally, letters, sketches, and other materials that offer a unique insight into her creative process and personal life will be on display.

“The Artistic Legacy of Gwen John” aims to celebrate the life and work of this influential artist while acknowledging her importance in the 20th-century art landscape. This exhibition is an opportunity for visitors to immerse themselves in Gwen John’s world and appreciate her extraordinary talent.

The City Modern Art Museum is proud to host this exhibition and looks forward to welcoming art enthusiasts and Gwen John admirers from around the world. The exhibition represents a collaborative effort between the museum and various cultural institutions and private collectors who have generously loaned their artworks.

Don’t miss the chance to experience the artistic legacy of Gwen John! We look forward to welcoming you to the exhibition and sharing the beauty and significance of her work

Masterworks – Art Market Musings

https://www.masterworks.com/

Sotheby's---Picasso’s-Joyful-&-Tender-Portrait-of-his-Daughter-Maya

Picasso’s Joyful & Tender Portrait of his Daughter Maya – Born in Secrecy to his Greatest Love – Comes to Auction with an Estimate of $15-20 Million

By Sotheby’s

 

Formerly Owned by Gianni Versace, the Painting Reemerges onto the Market for the First Time in Almost a Quarter of a Century

– The First Portrait of Maya by Picasso to Appear at Auction Since 1999 –

Sotheby’s London, 1 March 2023

Sotheby's---Picasso’s-Joyful-&-Tender-Portrait-of-his-Daughter-Maya

Sotheby’s—Picasso’s-Joyful-&-Tender-Portrait-of-his-Daughter-Maya

LONDON, JANUARY 2023 – The women in Picasso’s life have always been at the heart of the artist’s oeuvre. On September 5, 1935, a new muse arrived in the form of his daughter Maya, named María de la Conceptión after Picasso’s beloved late sister, and born in secrecy while Picasso was still married to his first wife, the former ballerina Olga Khokhlova. The daughter of his greatest love Marie-Thérèse Walter, Maya was to prove an immense source of happiness for Picasso. Her timely birth coincided with a personal crisis which Picasso later referred to as “the worst period of his life”. A lengthy divorce battle with Olga and the associated loss of his beloved property, Château de Boisgeloup, in combination with the increasingly worsening political situation in Europe and a deepening sense of the inevitability of war, conspired to overwhelm the artist, who was experiencing a nearly year-long abstinence from painting.

Between January 1938 and November 1939 Picasso painted fourteen portraits of Maya – the most important series Picasso devoted to one of his children, in which his joy as a father finds poignant expression in his joy as an artist. One of the artist’s most playful and bold depictions of his daughter will now appear at auction for the first time in more than 20 years. Estimated at $15-20 million (in the region of £12-18 million), Fillette au bateau (Maya) will be offered in Sotheby’s Modern & Contemporary Evening Auction in London on 1 March 2023. Kept by Picasso until his death in 1973, the painting was subsequently owned by Gianni Versace, before being sold by Sotheby’s in London in 1999 as part of the late fashion designer’s collection of 25 works by the artist. Its reappearance on the market coincides with the passing of Maya Ruiz-Picasso on December 20, 2022, at 87 years of age. The work will go on view at Sotheby’s Hong Kong (5-7 February), New York (11-15 February) and London (22 February-1 March).

“In his portraits of Maya, Picasso reached for his most joyful, brightly coloured palette, and employed a combination of styles to elevate his daughter to the same level as his paintings of her mother, Marie-Thérèse – the artist’s greatest love, with whom we associate his most romantic pictures. There is a continued strong demand for paintings from the 1930s, and a work of this calibre is made even more remarkable for not having appeared on the market in almost a quarter of a century.”

SAMUEL VALETTE, SENIOR SPECIALIST, IMPRESSIONIST & MODERN ART DEPARTMENT, SOTHEBY’S LONDON

Painted on 4 February 1938, when Maya was two-and-a-half years old – shortly after Picasso had completed the monumental and harrowing Guernica – the portrait is filled with exuberant colour and energy. Picasso depicts Maya at eye level, and captures her fidgety nature through implied movement, while her face is depicted with the Cubistic distortion that was common in Picasso’s pictures from this era. An important feature of Picasso’s series of portraits of Maya is the striking resemblance that Maya’s features carry to those of her mother, Marie-Thérèse.

It was no secret that Picasso revered childhood, and in his art attempted to capture the spirit and freedom that often eludes adult creativity. Playing with his children presented him with an opportunity to reclaim his lost youth, and his portraits of them were extensions of that cherished playtime. He would sing songs to his daughter, dance with her, make paintings for doll’s houses from matchboxes, puppet theatres using paper, and small fabric figures with heads made of chickpeas.

Maya was Picasso’s eldest daughter and second child, following the birth of Paulo in 1921 (born to Olga Khokhlova), and preceding Claude in 1947 and Paloma in 1949 (born to Françoise Gilot) – all of whom were represented by Picasso in his art.

Young María – who could not pronounce her name, so her parents opted for Maya instead – was a constant presence in the artist’s studio – while her father worked on the large canvas for Guernica, she would innocently pat her hands on the surface, recognising the distinguishable profile of her mother in the faces of the anguished victims of the massacre.

“With his eyes he looked; with his hands he drew or modelled; with his skin, nostrils, heart, mind, with his gut, he sensed who we were, what was hidden in us, our being. This, I think, is why he was able to understand the human being – however young – with such truth.”

MAYA RUIZ-PICASSO, ‘MEMORIES: IMAGES OF CHILDREN’, IN WERNER SPIES (ED.), PICASSO’S WORLD OF CHILDREN, MUNICH & NEW YORK, 1996, P. 57).

Picasso would produce a final portrait of Maya in 1953, just as she was about to turn eighteen. After her father died, Maya would go on to devote her adult life to preserving Picasso’s legacy – and, in turn, her daughter Diana Widmaier Picasso recently turned the spotlight on her grandfather’s relationship with her mother as a small child, with a critically acclaimed exhibition at Paris’ Musée de Picasso – which united this painting with other portraits in this series for the first time.

Also confirmed for Sotheby’s Modern & Contemporary Evening Auction on 1 March, is a seminal four-metre-long painting by Edvard Munch exploring love, life and death on the Oslo fjord – from the walls of Max Reinhardt’s avant-garde Berlin theatre to a luxury cruise liner and hidden from the Nazis in a barn deep in the Norwegian forest, Dance on the Beach is being offered from the renowned Olsen Collection as part of a restitution settlement with the family of leading Jewish patron Curt Glaser, with an estimate of $15 – 25 million (in the region of £12 – 20 million). The sale will also include a monumental masterpiece from Gerhard Richter’s celebrated cycle of abstract painting. Also of spectacular proportions, and also spanning four metres across, Abstraktes Bild, 1986 will be offered with an estimate in excess of £20 million.

 

 

Sotheby's International Realty: 1859 Bel Air Road Los Angeles, California, 90077 United States

Sotheby’s International Realty:

1859 Bel Air Road Los Angeles, California, 90077 United States

 

Enveloped in the lush landscape and bound by the masterful vision of icons in quality and thoughtful execution, award-winning architectural firm Tag Front and world-renowned interior designer Cesar Giraldo, 1859 Bel Air Road offers 20,000 square feet of venerable beauty and an artful abundance of sophistication.

Sotheby's International Realty:1859 Bel Air Road Los Angeles, California, 90077 United States

Sotheby’s International Realty:
1859 Bel Air Road Los Angeles, California, 90077 United States

The sleek curvature of the exterior of the house is a work of art in itself, with clean lines, geometric shapes, and a contemporary design that exudes sophistication and elegance. An eco-green living wall and a manicured pathway above a striking water feature encompass the 350-foot width of frontage and lead to a moment of arrival, peering above the clouds and extending to the views of the ocean, Catalina Island, and the canyons from Bel Air.
The grand, masterpiece spiral staircase connects two stories, appears suspended, and was carefully engineered with aluminum and steel, immediately immersing guests in the home’s meticulous design. A free-flowing main level dialogues with the outdoor veranda from the sunken formal living room and intimate entertainment spaces, to the breakfast nook and Poliform chef’s kitchen with a seamless caterer’s preparation galley ideally hidden directly behind.

The architecture is modern yet the amenities are luxurious

Each statement room is designed with a subtle transition from the last, the architecture is modern yet the amenities are luxurious. The master suite is a true oasis, with a fireplace, a sitting area, two walk-in closets, and a spa-like shower with tubs, steam shower, and dual vanities. Three-story walls of glass drape a bamboo cove exposing the incredible backyard scape totaling 1.6 acres with an outdoor lanai, a substantial infinity pool and spa, and an effortless flow over the canyon.
The lower level allows an ultimate experience in leisure and wellness, complete with a playroom, theater, gym with signature TechnoGym equipment, a wine lounge for over 1,152 bottles, and additional bedrooms to complete the nine-bedroom, ten-bath, three-powder-room offering. One of the premier tri-level estates in Bel Air, a first and last of its kind, 1859 is a home of impeccable attention to detail, an unmistakable eye for global design, and one of the finest vast view lots in Los Angeles. All in all, this Bel Air modern masterpiece is a true gem, offering the ultimate in luxury living. With its stunning design, top-of-the-line finishes, and state-of-the-art amenities, this is the perfect home for one who wants the best of everything. If you’re in the market for a high-end property, this Bel Air mansion is a must-see. Don’t miss your chance to own a piece of real estate history.

Sotheby's International Realty: 1859 Bel Air Road Los Angeles, California, 90077 United States

Sotheby’s International Realty:
1859 Bel Air Road Los Angeles, California, 90077 United States

$68,000,000

9

13 Full

20,000 Sq Ft.

1.39 Acre(s)

 

copyright © Photos: all rights reserved : www.sothebysrealty.com

 

THE CARRERA COLLECTION - JULY 2023

Con un total de casi 90 autos deportivos en una lista diversa de marcas, el hilo común que une a la Colección Carrera es su impresionante diversidad. Una selección casi enciclopédica de autos deportivos Porsche representa la mayoría de los modelos, incluidos los primeros 356 ejemplares, los 928 grand tourers de primera línea, así como múltiples generaciones del legendario cupé deportivo 911. La colección también incluye una variedad de atractivos clásicos modernos de marcas como Alfa Romeo, BMW, Mercedes-Benz, Alpina y Chevrolet. Cabe destacar que todos los coches de la colección se ofrecerán sin reserva.

La Colección Carrera se ofrecerá en dos ventas, una en Suiza y otra en Italia. Muy pronto se anunciarán más detalles, y lo alentamos a que se registre para obtener una cuenta de RM Sotheby’s para obtener las últimas actualizaciones.

Masterworks | Fight Inflation With Fine Art

A new study from Allianz Life reports inflation is forcing many Americans to alter their retirement plans:

  • 43% said they had to dip into their retirement savings due to inflation.
  • 54% said they have stopped or reduced retirement savings due to inflation.
  • 75% are concerned that the rising costs of living will affect their retirement plans.

With inflation north of 8%, and at its highest rate in 40+ years, it’s hard to blame them.

And it may not be easing up much that soon…

$1.5 trillion investment bank Deutsche Bank recently predicted the US is likely to see price pressures remain elevated and take two years to even fall below 6%, and will hover around that level in five years.

If you’re looking for portfolio solutions to help combat inflation, consider contemporary art…

 

Contemporary art has appreciated at an average rate of 13.5% annually in high inflation periods, like right now. And during those times, it has significantly outperformed US corporate bonds (0.5%), the S&P 500 (5.5%), emerging market equities (3.9%), and gold (3.2%), according to the MW All-Art Index.

With Masterworks, you can add contemporary art to your portfolio as an inflation hedge.

Get started now. Inflation could remain stubbornly high.

Download the mobile app today!

 

 

 

Masterworks is “testing the waters” under Regulation A under the Securities Act of 1933. Masterworks will only be able to make sales after an offering statement has been filed with the Securities and Exchange Commission (SEC) and the SEC has “qualified” the offering statement. no money or other consideration is being solicited, and if sent in response, will not be accepted. no offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the issuer with the SEC has been qualified by the SEC, any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. an indication of interest involves no obligation or commitment of any kind. You must read the offering documents filed with the SEC before investing and the additional information available at masterworks.com/cd.

*Reflects value-weighted price appreciation for all Contemporary Art (works produced after 1945) sold at least twice at public auction. There are significant differences between art investments and stocks.

Masterworks is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.

Masterworks.io, LLC is located at 225 Liberty Street, New York, NY 10281.

Masterworks | Fight Inflation With Fine Art

A new study from Allianz Life reports inflation is forcing many Americans to alter their retirement plans:

  • 43% said they had to dip into their retirement savings due to inflation.
  • 54% said they have stopped or reduced retirement savings due to inflation.
  • 75% are concerned that the rising costs of living will affect their retirement plans.

With inflation north of 8%, and at its highest rate in 40+ years, it’s hard to blame them.

And it may not be easing up much that soon…

$1.5 trillion investment bank Deutsche Bank recently predicted the US is likely to see price pressures remain elevated and take two years to even fall below 6%, and will hover around that level in five years.

If you’re looking for portfolio solutions to help combat inflation, consider contemporary art…

 

Contemporary art has appreciated at an average rate of 13.5% annually in high inflation periods, like right now. And during those times, it has significantly outperformed US corporate bonds (0.5%), the S&P 500 (5.5%), emerging market equities (3.9%), and gold (3.2%), according to the MW All-Art Index.

With Masterworks, you can add contemporary art to your portfolio as an inflation hedge.

Get started now. Inflation could remain stubbornly high.

Download the mobile app today!

 

 

 

Masterworks is “testing the waters” under Regulation A under the Securities Act of 1933. Masterworks will only be able to make sales after an offering statement has been filed with the Securities and Exchange Commission (SEC) and the SEC has “qualified” the offering statement. no money or other consideration is being solicited, and if sent in response, will not be accepted. no offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the issuer with the SEC has been qualified by the SEC, any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. an indication of interest involves no obligation or commitment of any kind. You must read the offering documents filed with the SEC before investing and the additional information available at masterworks.com/cd.

*Reflects value-weighted price appreciation for all Contemporary Art (works produced after 1945) sold at least twice at public auction. There are significant differences between art investments and stocks.

Masterworks is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.

Masterworks.io, LLC is located at 225 Liberty Street, New York, NY 10281.

Masterworks | Fight Inflation With Fine Art

A new study from Allianz Life reports inflation is forcing many Americans to alter their retirement plans:

  • 43% said they had to dip into their retirement savings due to inflation.
  • 54% said they have stopped or reduced retirement savings due to inflation.
  • 75% are concerned that the rising costs of living will affect their retirement plans.

With inflation north of 8%, and at its highest rate in 40+ years, it’s hard to blame them.

And it may not be easing up much that soon…

$1.5 trillion investment bank Deutsche Bank recently predicted the US is likely to see price pressures remain elevated and take two years to even fall below 6%, and will hover around that level in five years.

If you’re looking for portfolio solutions to help combat inflation, consider contemporary art…

 

Contemporary art has appreciated at an average rate of 13.5% annually in high inflation periods, like right now. And during those times, it has significantly outperformed US corporate bonds (0.5%), the S&P 500 (5.5%), emerging market equities (3.9%), and gold (3.2%), according to the MW All-Art Index.

With Masterworks, you can add contemporary art to your portfolio as an inflation hedge.

Get started now. Inflation could remain stubbornly high.

Download the mobile app today!

 

 

 

Masterworks is “testing the waters” under Regulation A under the Securities Act of 1933. Masterworks will only be able to make sales after an offering statement has been filed with the Securities and Exchange Commission (SEC) and the SEC has “qualified” the offering statement. no money or other consideration is being solicited, and if sent in response, will not be accepted. no offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the issuer with the SEC has been qualified by the SEC, any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. an indication of interest involves no obligation or commitment of any kind. You must read the offering documents filed with the SEC before investing and the additional information available at masterworks.com/cd.

*Reflects value-weighted price appreciation for all Contemporary Art (works produced after 1945) sold at least twice at public auction. There are significant differences between art investments and stocks.

Masterworks is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.

Masterworks.io, LLC is located at 225 Liberty Street, New York, NY 10281.

Masterworks | Fight Inflation With Fine Art

A new study from Allianz Life reports inflation is forcing many Americans to alter their retirement plans:

  • 43% said they had to dip into their retirement savings due to inflation.
  • 54% said they have stopped or reduced retirement savings due to inflation.
  • 75% are concerned that the rising costs of living will affect their retirement plans.

With inflation north of 8%, and at its highest rate in 40+ years, it’s hard to blame them.

And it may not be easing up much that soon…

$1.5 trillion investment bank Deutsche Bank recently predicted the US is likely to see price pressures remain elevated and take two years to even fall below 6%, and will hover around that level in five years.

If you’re looking for portfolio solutions to help combat inflation, consider contemporary art…

 

Contemporary art has appreciated at an average rate of 13.5% annually in high inflation periods, like right now. And during those times, it has significantly outperformed US corporate bonds (0.5%), the S&P 500 (5.5%), emerging market equities (3.9%), and gold (3.2%), according to the MW All-Art Index.

With Masterworks, you can add contemporary art to your portfolio as an inflation hedge.

Get started now. Inflation could remain stubbornly high.

Download the mobile app today!

 

 

 

Masterworks is “testing the waters” under Regulation A under the Securities Act of 1933. Masterworks will only be able to make sales after an offering statement has been filed with the Securities and Exchange Commission (SEC) and the SEC has “qualified” the offering statement. no money or other consideration is being solicited, and if sent in response, will not be accepted. no offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the issuer with the SEC has been qualified by the SEC, any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. an indication of interest involves no obligation or commitment of any kind. You must read the offering documents filed with the SEC before investing and the additional information available at masterworks.com/cd.

*Reflects value-weighted price appreciation for all Contemporary Art (works produced after 1945) sold at least twice at public auction. There are significant differences between art investments and stocks.

Masterworks is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.

Masterworks.io, LLC is located at 225 Liberty Street, New York, NY 10281.