Price Lowered Over 1M! 4.5M for 16.5M Dollars Retail in Historical Fine Art-Denver CO-Relocateable
INTRO FROM SELLER: I have accepted the valuation of my recent appraisal and have agreed to lower the price of this collection to match. The current valuation is less than half of what it was based on cyclical Russian economic factors. The entire collection is now available for $4.5M which is also the total of what I paid for these pieces back in the 1980’s. Virtually each piece of Soviet Era art in my collection is of museum quality. I carefully chose the artists and their work so that it would be exceptionally well done and have the touch of a master. Most of them are now acknowledged as master painters. As you may know, I have been selling Soviet Era Art for many years and I am considered a pioneering force in this particular field of art. My sales record proves the public loves well executed artworks such as these. I can show paid invoices supporting the facts involving the resale value of this art. I will cooperate in any way to answer any questions a potential buyer may have.
My 2001 to 2019 Russian only art sales totals 12,240,170 US Dollars. Total number of these pieces during this period was 1,098 artworks. Average sale price for each was $11,148. None of these pieces are the 26 large ones. So if you take the current number of normal size pieces which is 1,500 times 11,148 dollars it totals a potential retail value of 16,722,000 dollars. This number is impressive and shows that this art sells and I have sold a lot of it both when Russian art was in favor and when it wasn’t. This does not include other daily sales of any other artists, only the Russian art. It did not include any of the larger masterworks which I am now also offering, I held them in reserve for my personal collection.
The total amount I paid over the past 30 years for just the artworks that I am now offering is 4,500,000 dollars. The potential retail gallery sales for this art using my past sales record as a comparison is over 16MM dollars. I will also show my paid insurance invoices to a potential buyer upon request. I insure the art for the amount that I paid which is currently 4,500,000 dollars.
I personally purchased these artworks directly from artists, their descendants, or the National Archives and Museums of Soviet Era Countries. I am sole owner of each of these artworks, all are paid for, and there are no liens or loans against any of them. For some of the artworks, I own almost all of the artist’s total art production. This could be very lucrative for books to be published featuring the artists.
There are many avenues open to a collector who would want to keep their favorites and eventually sell the rest. This is not a quick return, it will be years for the positive market cycle to return. Russian art is currently out of favor which has happened before and fully recovered. Fine art has typically been a good long term investment.
I obviously hope to get back my 4.5M investment, but I also need to sell to be free to care for my serious family obligations and my advancing age have brought this situation about. I will be 76 years old shortly. I can break the collection up into several groupings if this suits a buyers’ needs but can’t sell piece by piece. I will consider groups of paintings that total 500K or more.
I have a fabulous large collection of art books that document many of my artworks and artists, a number of them are in Russian or Ukrainian. I recently had the main Soviet Era Artworks appraised by the most trusted name in this field and a background check on the origin and provenance of the artworks was done. My collection was validated, appraised, and passed with flying colors. I can show them the write-up from the appraiser showing that this is a major art collection and a buyer could be among the first to begin seriously collecting this group and style of artists. The future is good for those who get in at any cyclical bottom and are ready for the next normal buying cycle to return, as it always does. Many Russian Oligarchs have already added this genre to their private collections. They typically buy from their favorite deceased artist’s families there in Russia and the Soviet Period world. These sales usually remain private, thus the market does not know of their interest, and prices remain somewhat depressed.
James G. Tylich
Owner, Vail Fine Art Family of Galleries.
This should be a great long term investment and an impressive and enjoyable portfolio of Fine to display at home, office, or in a museum. You could also set up your own gallery. Please see the WEB LINK below containing a Video Link below on the Artwork and a full interview with the owners. You MUST see the entire Video with the sellers to fully understand the opportunity.
Price Reduced Again to Only 4.5M Dollars for Historically Important Museum Quality Art
26Large National Museum Quality art works plus over 1,500 other original fine art pieces which a recent appraisal indicates has a total current value of 4.5M dollars. The Seller is past retirement age, has personal family commitments, and knows that the current market is soft so he feels forced to sell. The Seller is known in the International Art Community and has a great reputation. He was directly involved in acquiring each piece and has well documented proof of Provenance.
He has held onto the 26 large museum quality pieces for his personal collection based the historical and emotional impact they have had with him. The Seller was told by a Russian art expert about 12 years ago that the main piece could be worth 8M dollars on its own and should be in the National Museum of Russia. It could be a featured piece in a US Art Museum or the National Museum of Russia. Compare that to the value of almost every other major countries signature pieces. The piece represents an important historical and emotional time in Russia’s history.
Russia is slowly getting the respect it deserves for its painters. Peter the Great, 300 years ago, wanted Russia to be a part of Europe so he hired architects to build copycat European style buildings and also sent riders to bring back the worlds best painters to train Russian painters. The art world is increasingly understanding the quality and historical important portrayed in Russian art. Peter the Great paid the artists in gold and brought them back to what is now St Petersburg in the what is now the Repin Institute. He also brought in military, dance, and musical experts from Europe to be paid in gold. The point being that Russian artists are slowly getting the respect they deserve worldwide.
The seller believes that a buyer of this art collection could loan them to an art museum for an exhibit where the new owner will put their name on the collection getting recognition for loaning the pieces for the public to appreciate. This can also help the collection appreciate in value. Each of the large pieces represent a moment in Russian history and is part of the bigger story of the history of quality Russian art.
The Seller believes that there is the potential for a buyer to make 10M dollars worth of “net profit” over the next 3 to 15 years off of this artwork. Its cyclical. He paid $4.5M and at one point in the early 2000’s he believes the wholesale value was $15M and retail value close to $30M. This cycle will happen again. Plus buyers can schedule the museum quality pieces into museums as an exhibit where the art will get attention and articles written about them. This can lead to offers. Just holding onto these pieces should result in a high rate of return over time. Buyers could also feature several pieces at a time in a Fine Art Gallery in a major city on consignment. Can also rotate pieces between museums and the Gallery making it clear the collection is for sale.
Seller has cataloged the museum collection so it should be possible to get it scheduled into museum exhibits. He has acquired these pieces throughout his life and has not put the 26 larger works up for sale until 2019. They are very emotional and historical pieces of original art. To be clear, this is both a business opportunity to make a lot of money through selling this art for profit over time and one to be enjoyed in the meantime. He is heartbroken he has to retire at a time when Russian art is out of favor and the valuation from the recent appraisal is far below what the smaller pieces of this collection have been sold for over the last 30 years. This art is of historical importance to Russia. You currently can’t find large museum quality Russian are in any art gallery in the United States. He knows each pieces history, has met most of the artists and/or their families/descendants, and has the legal proof of ownership/exporting, etc. If you love art and making money, please click on the links above and read about and watch the video presentations of the art by the owner.
He is asking 4.5M dollars which is a great deal for a buyer. He knows he might have to carry a little of the final purchase price and/or allow Buyer(s) to break up the collection for no less than $500K in each purchase at a time. This will not qualify for a bank loan. He is also open to flying in for special showings of the art for up to a year and will transition his knowledge completely pre and post closing. In other words, the Seller is well known and can occasionally attend the owner showing the collection whether at home or at a museum and can help the new owner sell the artwork.
Plus, there are articles in the data room to learn his history, reputation, and knowledge of this artwork/artists.
Another opportunity is the ability to keep the large museum exhibit collection forever and to just sell high quality smaller originals, copies like Lithographs and Serigraphs for a very nice profit. The Buyer will not need any permissions to do this. All rights to every piece of art is owned by the Seller. Please see the videos above on each of these pieces. Museum quality art sells partially because of ego, increasing exposure and therefore increasing appreciation and value, and because they are considered historically important. Once scheduled into a museum, it should be easy to sell the whole collection at once for a large profit.
By brokercolorado|2020-04-28T18:10:22+00:00October 15th, 2019|Uncategorized|Comments Off on Price Lowered Over 1M! 4.5M for 16.5M Dollars Retail in Historical Fine Art-Denver CO-Relocateable