Welcome

This online gallery will help you immeasurably to appreciate and understand my art. test2

My paintings  began to change under tragedy of war experience and I moved to abstract, intuitive, energetic and spontaneous work. This new experience molded my creative process and helped me to express my feelings and emotions.
I felt a sense of freedom when I broke from my earlier work because it was so different from what I used to do. I did not have a choice but let emotions freely flow.

In my paintings I express emotional state of mind throughout emotional value and art process which is as important as the painting itself. I paint to celebrate life and in protest of systematic violence and horrific massacre of innocents.

“Tragedy is the greatest art form of all. It gives us the courage to continue with our life by exposing us to the pain of life. It is unsentimental, it takes us seriously as human beings, it is not condescending. Paradoxically, by seeing pain we are made greater, it becomes a need.” (Howard Barker)

You are invited to explore innermost thoughts and emotional depths that you otherwise would have never imagined.

Most Expensive Paintings Of All Time

Millions and Hundreds of Millions of dollars are spent every year by the wealthy seeking a highly sought after piece of art. Following is a list of the Top Ten Most Expensive Paintings of All Time and an explanation of what makes them so special and worth the exorbitant price.

1. Portrait of Adele Bloch-Bauer by Gustav Klimt ($135,000,000)

This record breaking sale was enabled by a court order by the Austrian government to return the painting to the Artist’s rightful heir. The entire dispute lasted over a year and was necessary to return the painting that was looted by the Nazis during World War II.

Skillfully painted in 1907 by the art nouveau master Gustav Klimt, the painting was purchased by Ronald S. Lauder, the cosmetics heir, in 2006.

2. Garçon à la Pipe by Pablo Picasso ($104,100,000)

Created during the Rose Period, Garcon a la Pipe showcases Picasso’s exceptional use of cheerful orange and pink palatte.
The oil on canvas painting, measuring 100 × 81.3 cm (slightly over 39 × 32 inches), displays a Parisian boy holding a pipe in his left hand.

The record price auction at the time on May 4, 2004 in Sotheby’s was a bit of a surprise to the core art buyers, because it was painted in the style not usually associated with the pioneering Cubist artist.

3. Dora Maar with Cat by Pablo Picasso ($95,200,000)

Another enormous surprise followed in 2006, when this painting near doubled its inaccurate presale estimate and brought in new record $95,200,000 at auction at Sotheby’s on May 3, 2006.

Painted in 1941, Picasso’s controversial portrait (one of his last) is sometimes described as an unflattering depiction of his mistress, Dora Maar, who was an artist/photographer and mistress of Picasso whose relationship lasted ten years during the 1930s and 40s.

4. Portrait of Dr. Gachet by Vincent van Gogh ($82,500,000)

This painting by the Dutch Impressionist master Vincent van Gogh suddenly became world-famous when Japanese businessman Ryoei Saito paid $82.5 million for it at auction in Christie’s, New York. Saito was so attached to the painting that he wanted it to be cremated with him when he died. Saito died in 1996 … but the painting was saved.

Vincent van Gogh actually painted two versions of Dr Gachet’s portrait. You can view the other version, with a slightly different color scheme, at the Musée d’Orsay in Paris.

5. Bal Au Moulin de la Galette by Pierre-Auguste Renoir ($78,000,000)

Bal au moulin de la Galette, Montmartre was painted by French artist Pierre-Auguste Renoir in 1876. On May 17, 1990, it was sold for $ 78,000,000 at Sotheby’s in New York City to Ryoei Saito, who bought it together with the Portrait of Dr Gachet .

6. Massacre of the Innocents by Peter Paul Rubens ($76,700,000)

This painting by Peter Paul Rubens, painted in 1611, is the only painting in this list which was not painted in the 19th or 20th century. It was sold to Kenneth Thomson, 2nd Baron Thomson of Fleet for $ 76,700,000 at a 2002 Sotheby’s auction.

7. Portrait de l’Artiste sans Barbe by Vincent van Gogh ($71,500,000)

Portrait de l’artiste sans barbe (“Self-portrait without beard”) is one of many self-portraits by Dutch painter Vincent van Gogh. He painted this one in Saint-Rémy-de-Provence, France in September 1889. The painting is a oil painting on canvas and is 40 cm x 31 cm (16″ x 13″).

This is an uncommon painting since his other self-portraits show him with a beard. The self-portrait became one of the most expensive paintings of all time when it was sold for $71.5 million in 1998 in New York.

8. Rideau, Cruchon et Compotier by Paul Cézanne ($60,500,000)

This painting by Paul Cézanne, painted in ca. 1893-1894, sold for $60,500,000 at Sotheby’s New York on May 10, 1999 to “The Whitneys”. Whitney, born into one of America’s wealthiest families, was a venture capitalist, publisher, Broadway show and Hollywood film producer, and philanthropist.

9. Femme aux Bras Croisés by Pablo Picasso ($55,000,000)

This work, painted in 1901, was a part of Picasso’s famous Blue Period, a dark, sad time in the artist’s life. The beautiful & various tones of blue are typical. The painting depicts a woman with her arms crossed staring at the endless nothing.

Femme aux Bras Croisés was sold for $55,000,000 November 8, 2000, at Christie’s Rockefeller in New York City.

10. Irises by Vincent Van Gogh ($53,900,000)

Vincent van Gogh painted this at Saint Paul-de-Mausole in Saint-Rémy-de-Provence, France in 1889, only one year before his death. In 1987, it became the most expensive painting to date. It was sold for $ 54,000,000 to Alan Bond and later resold to the Getty Museum.

To See original text click here.

Return or Exchange Policy

We do our best to make you satisfied with our art and service. The process of returning and exchanging of the artwork is an unpleasant fact both for us and for you because in case of refund you will pay all delivery cost of returned or exchanged artwork.

Therefore we recommend you to pay close attention to detail when select the artwork you want to buy and request maximum information as well as size art before the purchase!
Also you have to know that hues of your monitor may differ from the hues of the original artworks. We recommend you to calibrate your monitor settings before you make decision to order any of the artworks!

You can make refund for the artwork or exchange it to any other one during 7 days after delivery it to you.

To return the artwork

  • send us e-mail about your decision to return the purchased artwork
  • after receiving our email, carefully pack the artwork in its initial packing and send it back to us with full insurance
  • after receiving of the rejected artwork we will check its integrity
  • we will return you your initial payment excluding the original shipping cost

To exchange the artwork

  • inform us via e-mail about your decision to return the purchased artwork and exchange it to the other one
  • after receiving our email, carefully pack the artwork in its initial packing and send it back to us with full insurance
  • after receiving of the rejected artwork we will check its integrity and tell you the sum to be paid to clear the difference in prices (if any) and shipping charges for the new artwork
  • transfer the total sum (difference in prices between the artworks and shipping cost of the new artwork) to our bank account
  • we will send you the new artwork

Buying Artworks

The Payment Process
When you click on a ‘Buy Now’ button to purchase a painting you will be directed to the PayPal site for making your payment. Even if you do not have a PayPal account, you will be able to pay with your credit card. Once you have completed this simple process, I will receive an instant notification from PayPal to inform me that you have made a payment.Then we will send your painting to you. We will be in touch to confirm what is happening.

Shipping And Handling
Shipping cost will be added to purchase price. Charges obviously vary depending on the size of the painting and where it is you live. If you want we can send you painting as rolled canvas without the wooden stretcher frame to keep your shipping costs down you. You can then have the painting re-stretched locally when you receive it.
We professionally packages al her paintings with bubble wrap. The paintings are then placed inside a double-wall corrugated box for added security and ‘FRAGILE’ stickers are placed all over the box.

Painting Quality Guarantee
Paintings are created in high quality oil paints on stretched canvas.

Certificate Of Authenticity
A receipt and Certificate of Authenticity are included with every painting.
The certificate states the following:
The painting’s name and dimensions
The artist’s name and the fact that it is original
The date the painting was created
The media used
The location where it was created
The artist’s signature

Damaged Art

Framed Prints/Watercolors, etc – First and foremost, once the pieces are out of the water, get the paper pieces (posters, prints, watercolors, etc.) OUT of the frames and away from the glass and cardboard backing and matboard so that the moisture does not stay in the enclosed framing.

 

Allow them to lay flat if possible and dry out on either a towel or blanket or stack of newspaper or even the front lawn – just get them out of the wet enclosure that the framing has become and allow to dry thoroughly.

Once they are dry and out of the frames, if there is active mold growing on it a light spray of Lysol helps to kill the mold until it can be treated, but bring them in quickly for proper treatment! And DO NOT WIPE the mold off, as it will simply smear and stain the paper. Mold can certainly be treated, but it’s best not to try not to let it begin as it can be a very aggressive stain and difficult to remove. We can treat things in a fungicidal chamber to kill the spores, and we can also wash all forms of paper to remove any stains and discoloration.

Wet books/documents – Use a plastic bin with a lid large enough to accommodate the books or papers. Stack books with the largest items at the bottom, considering paper items; stack so that you do not crush them. If leather, cloth or paper materials are tacky or sticky, place wax paper between items as possible.

Place bin with enclosed objects in freezer* for at least 3 months. To separate potential trace food odor from freezer seal bin with tape.

Mark on the calendar the removal date. Upon removal, rest bin outside freezer for one hour before opening, this will allow temperature to acclimate to room temperature, lessening likelihood of breaking book spines with opening. Handle carefully when opening bindings, to avid stressing week or broken cover/linings. If items remain cool/wet, place back in freezer for another month or continue process until items are dry.

Take materials to a surface outdoors and dry clean. Use rubber sponges, cotton cloths, or sort brushes to remove dirt and deactivated mold debris. Many papers in bindings and manuscripts can be carefully pulled away from each other at this point. Use a dull knife as a tool to assist release of pages.

If problems arise at any point, stop before damaging items and contact a professional conservator!

  • The freezer should be a non-cycling, non-frost free unit; residential refrigerator/freezers generally cycle and are frost free. Placing the objects in the freezer for this length of time will remove most, if not all of the moisture and deactivate any mold. Note: performing this task will not remove any staining and will not kill or remove the mold; however it will halt its growth and /or damage.

Book hints courtesy of deVille Book & Paper Conservation, llc.

Photographs – while still wet pull them apart and allow to dry! It’s very important to do this while still wet as the emulsion is like a glue and once it’s dry it’s much more difficult to do. You can try re-wetting with clear water again if they’ve already dried or if they’re dirty and full of debris. Make sure nothing touches to them until they are fully dry and they’ve had at least 24-48 hours to dry. They may curl up, but that’s ok and can be cleaned off and flattened later.

Paintings – make sure there is no water inside the framing – turn it upside down and all around to drain any sitting water behind the stretcher bars,etc. No need to remove the canvases from their frames. The paintings may become white and heavily discolored looking hopeless, but do NOT discard or give up on them. They’re surprisingly resiliant and that white is like the ring on a coffee table – it’s moisture trapped between the painting and the varnish and can be removed. Again, they’re fragile so treat them gently until they can be stabilized.

To deal with the MOLD growing the on the paintings, lightly spray (do not saturate) the canvas, front and back, with Lysol spray (not the liquid). This will help arrest the mold growth, and you may need to repeat this a few times. When the mold is dry and powdery it is now dormant. You can then take the canvas outside it and the residue can be brush with a clean dry paint brush. Remember to wear a mask so as not to inhale the airborne spores, and be sure to remove all the debris from the back and not to allow it to accumulate under the stretcher bars!

Do not wipe the mold off, do not use anything stronger than Lysol, and above all do not use BLEACH or TILEX or anything with bleach in it, as this will cause more damage than the mold will cause and is not reversible.The paintings may still need professional cleaning and conservation, but this will help stop the mold from getting any worse until that time.Frames – remember that alot of them CAN be restored. Do not discard them until they have been examined by a conservator and let us make the determination. Water is the enemy of gold leaf and the plaster covering the wood, so it’s important to allow them to dry as well and remember that it’s in a particularly fragile state so don’t be rough with it or it can completely fall apart before it’s stabilized.

Wooden artifacts – wood can expand up to 1 inch per foot when exposed to water, so they’ve likely swollen. Allow to dry slowly to stabilize. Place in a normal environment, away from water, but not devoid of humidity all together so it doesn’t create too severe a change.

Remember that it’s important for a trained conservator to perform “triage” on the artwork, even if the insurance is a long way down the road or you’re not insured – there’s alot that we can do AT NO CHARGE to help save the pieces until full restoration can be performed later on down the road.

METAL (guns, swords, candlesticks, flatware, statuary etc.)
The following steps are for an aggressive, one-time cleaning to remove tarnish from silver, not for regular maintenance.

  • For SILVER, clean with Simichrome polish or Flitz (Flitz can be purchased at a boat supply store) and a stiff toothbrush using elbow grease
  • Wipe with cotton rag or paper towel; rinse in hot water.
  • Polish with regular silver polish.
  • If this method doesn’t work, silver can be professionally cleaned.
  • Wipe IRON and STEEL with a penetrating oil like WD40. Disassemble guns being careful not to get the wood oily. Take valuable guns to a competent gunsmith or restorer if possible.
  • BRONZE statuary needs professional attention. It will need to be thoroughly cleaned and repatinated to attempt to match the original finish (A photo is helpful when trying to return a piece to its original patina).
  • Metal CHANDELIERS should be cleaned and rewired by a professional.
  • Most BRASS needs to be professionally polished.
  • To remove rust from metal FURNITURE, use a power wire brush with a surface lubricant like WD40 or mineral spirits.
  • Rinse with mineral spirits.
  • Prime and paint.
  • HANDMADE HARDWARE and FITTINGS from antiques and old buildings can be removed, professionally restored and reused.

    -Metal tips courtesy of Ellis Joubert

    TEXTILES (quilts, flags, samplers, antique clothing, rugs, curtains, etc.)

  • Drying water damaged fabrics is critical. Depending on how long a rug, for instance, was in water, dry rot may have set in. Once dried, fabrics can be assessed in terms of cleaning.
  • Large pieces should be laid flat in a ventilated area or outside.
  • Framed pieces affected by humidity should be unframed and unmounted.
  • Only vacuuming removes spores. Use a HEPA Vacuum if possible, changing the filter frequently.
  • Dry cleaning may be sufficient if the item did not get wet.
  • For pieces wet by flood water, wet cleaning is preferable for removing pollutants.
  • Large items like quilts can be washed in a bathtub using Orvus (available at a feedstore); smaller items, such as a Christening dress, can be washed in a plastic tub. Wash until water is clean.
  • Rugs should be cleaned professionally.

    -Textile hints courtesy of Jessica Hack Textile Restoration

Water Damaged Furniture – All furniture should be air-dried – allow to dry slowly, try to remove wet articles from inside of furniture; this may be difficult on case pieces with drawers. On some pieces the backs are often easier to get off allowing access to items for the circulation of air. Pieces with plinth bases need to be raised to allow the bases to dry well. Do not force open drawers. Allow drawers and doors to dry and shrink back to size.

Wash off flood water residue – wipe off and allow to dry (use detergent: Pine Sol or Murphy’s Oil soap will work) do not use solvents! Take care with loose parts and lifting veneer. Make sure all areas are cleaned. Mold and odors may be on the inside, under drawers or on the bottom.

Solid wood pieces with traditional finishes may be in surprisingly good condition. A good coat of paste wax may be all it needs. Briwax light brown wax is a good choice and will remove many white watermarks. Apply Briwax with 0000 Steel Wool and wipe off with cotton cloths. Minor light spots can be darkened with some matching spirit stains or furniture touch up markers.

A professional should look at all furniture with loose parts- poor repairs can destroy furniture, or cause irreversible damage. It is much less expensive to do it right the first time!

Loose Joints– Many pieces immersed in water will need to be re-glued; this is best done by an experienced woodworker. If you decide to tackle the re-gluing anything, check that all joints are clean. Make sure you have the correct clamps to hold the piece together until the glue dries. Veneer has to be pressed flat. If the veneer is loose, clean both sides, wet, and press veneer to re-flatten. After it is flattened over night, it can be re-glued. Use a flat board the same size as the veneer to clamp it down and use sufficient glue to form a good bond. Use paper between the board and the veneer to compensate for any unevenness. Take care the veneer does not shift when clamped down. Masking tape is useful for re-gluing loose banding.

Denatured alcohol will also remove stubborn white marks. Care should be taken not to damage the finish. Test the finish in an inconspicuous spot first to see how it reacts.

Black stains can be removed with oxalic acid. “Sherwin Williams Deckscapes Revive” will remove most black marks. Make sure it is well washed off before re-polishing.

-Furniture hints from Lower Lodge Conservation and Museum Services

Jewelry – Many precious gemstones have their own special needs and requirements that you should be aware of to ensure their longevity. Popular methods of cleaning, such as ultrasonic cleaners and steam cleaning are not appropriate for all gems.

Special Care Gems:

  • Emeralds
  • Opals
  • Tanzanite
  • Pearls
  • All Organic Gems

Amethyst, Citrine, and other members of the quartz family shouldn’t be steam cleaned because intense heat (as well as prolonged light) can permanently alter their color. Opals should always be treated with some care. Avoid impacts, chemicals, heat and extremely dry condition-all promote cracking. As for your emerald jewelry, avoid heat cleaning and chemicals that can remove the jeweler’s oil. Topaz sometimes cracks when subjected to sudden temperature changes as it would in steam cleaning. Porous gems like turquoise and amber are popular in silver jewelry, but they will become discolored by silver cleaners. Aside from these cautions, you can clean your own jewelry at home without much fuss. For most types of mounted gemstone pieces, occasional, gentle brushing with a baby toothbrush in warm, mildly soapy water and drying with a soft cloth is all you need to keep you r jewelry looking its finest every day. But, do use a bowl to clean your jewelry; don’t do it over the sink! Use this chart to remember which methods are best for different types of gemstones:

Cleaning your jewelry at home isn’t hard to do.

  • Soap and Water: A mild soap and water solution used with a soft brush is effective for many home jewelry care needs. Even the mild chemicals of commercial jewelry cleaning products may damage certain gems. Although Soap and water is the best choice for most gems and jewelry, do not use soap and water with amber, coral, emerald, jade, kunzite, lapis lazuli, opal or turquoise.
  • Commercial cleaners that are mild and ammonia based are fine for do-it-yourself cleaning. Be sure to use a bowl to put your jewelry in, or- if you really want to wash them over the sink- put a strainer or colander over the drain to prevent them from falling down the drain. For particularly quick and sparkling results, try bathing your diamond with vodka- it really works! Commercial jewelry cleaners are no more effective than the household cleaners suggested, but they are more convenient. They are normally safe for diamonds, rubies, and sapphires, but may be harmful to some gemstones.
  • Never soak gemstone jewelry in commercial cleaners for more than a few minutes. Note: Commercial cleaners are not recommended for amethyst, opal, pearl, aquamarine, and emerald. They may damage or reduce the luster (shine) on these stones.
  • A home solution of one part mild detergent, one part household ammonia, and three parts water is also effective for many jewelry cleaning needs. Dry the jewelry with a lint-free towel. This method of cleaning is especially desirable for alexandrite, amethyst, andalusite, aquamarine, citrine, diamond, garnet, iolite, moonstone, ruby, sapphire, spinel, tanzanite, topaz, tourmaline, and zircon.
  • Home ultrasonic cleaners are best used for karat gold jewelry without gemstones. The ultrasonic may also be suitable for some diamond-set jewelry. Intense vibrations may loosen stones, so a professional annual cleaning and security check is important. DO NOT use the home ultrasonic for amber, coral, emerald, kunzite, lapis lazuli, opal, pearl, ruby, or turquoise. Be sure to check with your American Gem Society jeweler prior to using a home ultrasonic cleaner. Use commercial jewelry cleaners with caution.
  • Cleaning Pearls: Lay the strand flat on a clean soft cloth or towel. Make a mild solution of soap flakes (I use Ivory soap flakes) and warm water, and apply with a new pure natural bristle complexion or manicure brush, scrubbing gently. Being careful to support the strand so as not to stretch the thread, turn the necklace over and repeat. To rinse, submerge the strand in cool water, flush with cool tap water for a minimum of five minutes. Carefully remove the strand from the water and lay it on a fresh towel to air dry. Don’t move it until it is completely dry.
  • NEVER USE DETERGENTS, HOUSEHOLD CLEANERS, COMMMERCIAL JEWELRY CLEANER OR TARNISH REMOVERS ON PEARL or any ORGANIC JEWELRY.
  • Pearls will naturally darken slightly with age and wear. The golden or creamy tones the come with age cannot be removed.
  • Cleaning Emeralds and Opals. Emeralds and opals should be cleaned by hand, not an ultrasonic cleaner, because this harsher method can damage or destroy the gem. To clean an emerald or opal at home, use a soft toothbrush or lukewarm moist cloth; avoid soaking it.

Cleaning an Oil Painting

Experiment on Cheap Paintings
By taking good care of oil paintings and cleaning them, you can ensure they’ll be enjoyed by your descendants long after you’re gone. However, by rushing through the cleaning process and not using the right products and tools, you can easily ruin a treasured work of art. More oil paintings are destroyed by careless restorations than by fires. Before trying to clean a valuable oil painting, experiment on some cheap paintings to determine which products work best.
Deframing
Take a photograph of the painting before taking it out of its frame in case you need to make any corrections. Bend wire nails to remove the painting. Working from the painting’s bottom, remove any other nails, using pliers and an old ruler or any other flat metal. Normally, you can easily remove a picture from a frame by removing the other three nails. Using rubber gloves, carefully lift the painting out of the frame, laying it down on its front side on a stable, flat surface covered with soft cushioning such as polyurethane foam.
Vacuuming
Using your vacuum’s crevice tool, carefully vacuum all dust from the frame and back of the painting, as well as between the canvas and the wooden frame holding the canvas (stretcher). When vacuuming, be careful not to crack or flake paint. You may need to use a small, blunt, hooked knife for loosening dirt trapped between the canvas and stretcher.
Cleaning Products
Materials–which can be purchased online or in most craft or art stores–should include rolled brown wrapping paper; neutralizer; emulsion cleaner; regular cotton swabs and wooden, 6-inch-long ones; varnish remover; and paint varnish. The neutralizer is used to stop any unfavorable action of a chemical you’re using besides cleaning the painting of surface dirt. Use the varnish remover and emulsion cleaner for restoring the painting. The varnish remover is for removing old, yellowed varnish; the emulsion cleaner is used for removing dust, dirt, smoke and other grime. Decide which does the best job by experimenting.
Cleansing
With cotton swabs, apply neutralizer to the entire painting, initially cleansing it of all dirt and dust. Next, using a wooden cotton swab, begin in a small corner, having the neutralizer ready to counteract any undesirable effects from a product. Apply neutralizer on another cotton swab after testing each small area to neutralize the cleaning. Do not rub. After discovering the best product to use, clean the rest of the painting, using gentle, precise circular motions with the wooden cotton swab. Check for dirt on the swabs to make sure you’re removing dirt and not paint.
Final Steps
Varnish the painting, using a gloss varnish. When finished, take an “after” picture and compare it to the earlier photo, making any needed corrections by referring to your “before” picture. For added protection, varnish the painting again.

Handling and Storage

Oil painting is a sturdy, long-lasting, and durable art form, and with proper care and handling will last for generations. A visit to any good museum will confirm this, but keep in mind that museums go to great lengths to safeguard their masterpieces.

1) Always handle an oil painting by the frame without touching the painted surface.

2) Never let any object press again either the front or back of an oil painting canvas, as it pliable and will cause a dent or hole. If an accident occurs, have an expert repair the damage. An amateur repair job may look okay at first but given time will inevitably show.

3) For temporary storage or transporting an oil painting, place cardboard or plywood on both front and back (slightly larger than the outside dimensions of the framed oil painting) and then wrap in ‘bubble wrap’ and tape or tie securely.

4) Permanent storage should be in a custom-sized plywood container with the painting braced to allow air flow on all sides without shifting.

5) Never expose an oil painting to extremes of heat, cold, or humidity, whether hanging on your wall or in storage. Neither basements nor attics are good storage locations. The best place to store an oil painting is on the wall for all to enjoy.

6) Occasional dusting with a clean, soft-bristled brush is recommended. A very old or dirty oil painting should be taken to a professional restorer.

Hanging Your Oil Painting

Here is the fun part. Oil paintings, especially portrait oil paintings, demand pride of place in your home. Involve your spouse or family in deciding the perfect location.

Hang your oil painting on two picture hooks which are appropriate to the wall (wood, plaster, drywall) and strong enough to secure the weight of the picture. Two hooks, rather than one, will allow the picture to maintain a horizontal position.

1) Choose a place for your painting that does not get direct sunlight or is subject to hot or cold drafts.

2) Hang high enough to be able to see the painting clearly from anywhere in the room. A spot over a mantelpiece or over a sofa (above head height of anyone sitting on the sofa) is usually ideal.

3) Avoid hanging oil paintings in hallways or on walls where there is frequent family movement or furniture may be brushed against the wall.

4) If you have central heat or air conditioning, that’s great. If not, a rule of thumb is, if people are comfortable in the room your oil painting occupies, chances are your oil painting will be comfortable too.

Underperformance of Masterpieces

A common advice given to their clients by art dealers is to buy the best (most expensive) artworks they can afford. This presumes that masterpieces of well known artists will outperform the market. In other words, masterpieces might have a higher expected return than middle-level and lower-level works of art.

Contrary to established industry wisdom, our results on the performance of masterpieces suggest that investors should not be obsessive with masterpieces and they need to guard against overbidding. We like to note, however, our results may only serve as a benchmark for those artworks bought at major auction houses. Our return estimates could also be biased due to sample selection. In addition, art may be appropriate for long-term investment only so that the transaction costs can be spread over many years.

Our research has left many interesting issues. First, is there a systematic bias in bidding prices so that winning bids tend to exceed value? In this paper, we have not provided any evidence on the presence of overbidding. While the true value of art is unobservable, one may wonder if there is an alternative proxy to value, such as dealer’s estimates, that may serve as a proxy so that we may measure the presence of market wide bias in art auctions. Second, while our study has provided some cross-sectional evidence on the mean reversion of art returns, one may wonder if similar time series evidence can be found on the market as a whole so that times of great exuberance are also more likely to be followed by times of disappointing performance.

To put it differently, it will be interesting to know whether the art market itself may also follow a mean reversion process. We will leave these for future research.

World’s Best Art Museums

Reuter’s published a list of the world’s top art museums. Their top pick is the Louvre, on the banks of the Parisian Seine. One can get lost in that museum for hours (and stand in line to get in for more), and the wealth of art and artifacts on display is truly astounding. And while their classical antiquity collection is not as strong as the British Museum (not ranked) or the Getty (4), their painting and drawing collections are arguably the best in the world. Other contenders?

1.    Musee du Louvre, Paris, France
2.    Vatican Museums, Vatican City, Rome, Italy
3.    Metropolitan Museum of Art, New York, New York
4.    J. Paul Getty Center, Los Angeles, California
5.    Musee d’Orsay, Paris, France
6.    Uffizi Gallery, Florence, Italy
7.    Art Institute of Chicago, Chicago, Illinois
8.    Tate Modern, London, England
9.    Prado Museum, Madrid, Spain
10.  National Gallery of Art, Washington, D.C.

I was pleased to learn that I’ve been to seven of their top ten choices, including all of the top four. I’ll have to make sure I visit the Musee d’Orsay next time I’m in Paris, which I hear is a less touristy, debaucherous Louvre.

One museum I’d like to have seen? The British Museum. Hundreds of years of imperialism and looting have resulted in an impressive collection of artifacts from around the world centered around a beautiful atrium. And it’s free.

Top Ten Cities for Art Lovers

Paris

Ah, Paris! – The illustrious city of romance and style, with its iconic architecture, famous fashion houses and grand museums housing a dazzling array of art pieces. This is by far, one of the best art destinations in the world. The largest and possibly the most impressive gallery is the Louvre, which houses amongst many other pieces, Leonardo da Vinci’s Mona Lisa. Fans of the classics should visit Musee d’Orsay, which boasts a number of 19th and 20th century pieces by artists such as Cézanne, Renoir, Monet, Manet and Van Gogh. For modern art lovers, the Centre Pompidou will not fail to impress – it’s worth visiting just to see its industrial inside-outside exterior, which has caused mush controversy over the years. Paris is also home to the Picasso Museum and Rodin Museum.

Rome

The stunning city of Rome is positively abundant with breathtaking architecture and art, spanning hundreds of years. The Vatican Museums were founded in the 16th century and house a large number of pieces from the Roman Catholic Church. Artists who are displayed in the museums include Caravaggio, Raphael and Michelangelo. A trip to Rome is not a trip to Rome without a breathtaking look at the Sistine Chapel, where Michelangelo’s highly detailed paintings adorn over 12,000sqft of the ceiling – simply divine. Also worth visiting is the Borghese Gallery, a grand structure showcasing an impressive range of art pieces.

London

The vibrant city of London is alive with an eclectic mix of galleries and museums. Classical, contemporary and downright controversial – this city has it all. For a well-rounded overview of modern art, a visit to Tate Modern is a must. This vast former power station showcases the work of Salvador Dali, Sarah Lucas, Pablo Picasso, Mark Rothko, Andy Warhol, Roy Lichtenstein and Henri Matisse among many others. Tate Britain is also well worth a visit, as it houses the largest collection of British art in the world, showing work from the past five centuries in a series of changing exhibitions. There is an impressive display of Western European painting at The National Gallery and The National Portrait Gallery is the place to go to view a varied collection of painted portraits.
Smaller galleries include: White Cube, Flowers East and the Photographers Gallery.

New York

New York is a fabulous yet frenetic city, with literally hundreds of art galleries waiting to be discovered. Fans of contemporary art need to head to the Museum of Modern Art (MoMA). Founded in 1929 as an educational institution, the gallery houses a superb mix of modern and contemporary paintings, drawings, photography, sculpture and much more.

Housed in a stunning building, the Metropolitan Museum of Art proudly features work from many different genres. Artists who have exhibited have included Jeff Koons and J.W.M Turner. Located in Manhattan, the iconic Guggenheim Museum is itself a work of art. Designed by Frank Lloyd Wright, the building was originally created to showcase avant-garde work by early modernists and now houses an impressive range of art including pieces by Pablo Picasso and Wassily Kandinsky.

Barcelona

With its sandy beaches, beautiful buildings and a pleasant year-round climate this city is the ideal place to visit for sunshine and culture!
Forming an essential part of Barcelona’s history, the Picasso Museum showcases an extensive collection of Picasso’s pieces and should be first on any art lover’s list of places to visit. Some of the earliest pieces that are on display were painted when Pablo was just nine years old – fascinating stuff.
The National Art Museum of Catalonia is a breathtaking building, which was first built for the 1929 World’s Fair. Here you can see examples of Romanesque, Gothic, Renaissance and Modern Art as well as historical photography collection.
The Joan Miro Foundation is a museum containing Joan’s work dating back to 1914. There’s an extensive collection of paintings, sculptures, tapestries and early sketches.

Berlin

Since its reunification in 1990, the city of Berlin has reinvented itself as the cultural capital of Germany with a relaxed attitude and multitude of museums and galleries. Top of any art lover’s list is should be The New National Gallery – a sleek, steel and glass structure designed by Ludwig Mies van der Rohe between 1965 -1968. Visitors can look forward to seeing sculptures by Henry Moore, paintings by Edvard Munch and a host of works from the Impressionist, Expressionist, Bauhaus, Surrealist and Contemporary movements. The Old National Gallery on the other hand, is a classical building housing an excellent selection of 19th century and is located in the heart of the city.

For an unusual and moving experience, the Berlin Wall East Side Gallery is a must-see. The gallery is the largest open air gallery in the world – and takes up a 1.3km section of the existing Berlin Wall. Over 105 paintings cover the memorial, celebrating freedom and the end of the division.

Chicago

There’s a lot to be said about ‘the windy city’ Chicago. This friendly and diverse city regularly hosts a wealth of festivals, exhibitions and parades and is well know for its art scene.
The Art Institute of Chicago is an art school and museum combined. Visit here to see the impressive array of sculptures, paintings, photography, sketches and textiles. As well as a host of miniature rooms depicting interiors from the late 13th century up to the 1930s.

The Chicago Cultural Center is a landmark of the city which showcases over 1,000 exhibitions and programs covering a wide range of the arts each year. The building is well worth a visit, if only just to view the magnificent architecture.
The Museum of Contemporary Art is a superb space, showcasing a range of thought-provoking contemporary pieces. Whereas the Chicago Athenaeum: Museum of Architecture and Design is dedicated to all areas of the discipline – product design, architecture, industrial and urban planning.

Florence

The city of Florence is a busy destination which is popular with tourists who have travelled the globe to view some of the most spectacular pieces of renaissance art in the world. It will be impossible for most visitors to experience everything that Florence has to offer, therefore a trip to the Uffizi Gallery is a must. The gallery houses many of the Italy’s most celebrated paintings including the Birth of Venus by Sandro Botticelli. Be sure to book your ticket well in advance as long queues are guaranteed. The Academy Art Gallery showcases an outstanding collection of Michelangelo’s paintings, another gallery that is not to be missed!

There is a good collection of Medieval and Renaissance works at the Gallery of the Spedale degli Innocenti, go and see the superb building, which is in itself a fine example of the Renaissance period.

Vienna

The city of Vienna boats a heady mix of Baroque and Art Nouveau buildings creating a perfect base for art enthusiasts. There’s a wealth of museums and art galleries just waiting to be explored including the Museum of Applied Arts, Museum Quartier Wien, the Austrian Gallery and the Museum Moderner Kunst.

Visit the Museum of Applied arts to view the impressive collection of glassware, china, silverware, furniture and textiles from the Middle Ages to present day. The museum also features the work of famous Austrian artist Gustav Klimt.
The Museum Quartier Wien (Museum Quarter) is made up of three building complexes: Leopold Museum Kunsthalle Wien, Black Cube and White Cube. This is a fantastic area to photograph as the buildings create an unusual contrast with one another and it’s also the perfect place to view a variety of fascinating exhibitions. Some classic, some subversive.
Finally, the Austrian Gallery features a range of Baroque and Medieval art, alongside European art from the 19th and 20th century.

Amsterdam

This beautiful city is famous for its iconic tulips, narrow streets, pretty canals and bridges. It is also home to many great art galleries, the most famous being the Van Gogh Museum.
The Van Gogh Museum houses the largest collection of Vincent Van Gogh’s art work in the world and is an essential visit in Amsterdam. See how the famous artist developed his work over the years and how his style influenced other artists in the 19th century. Fans of Rembrandt, can visit the house where he lived and view a selection of his work including many etchings and paintings. It is a fascinating experience, taking visitors on a journey through the artists’ life.

The Stedelijk Museum provides one of the most extensive collections of modern art in the world, displaying works from the Impressionist, Fauvism, Cubism and Expressionist movements. There is also a superb display of Dutch photography.