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Friday
05Mar2010

Verdult’s Highest Price Selling Lithographs - Yazzy's at www.williamverdult.com

Over the past two years the highest priced selling limited edition lithographs created by William Joseph Verdult follows:

For more selling statistics and numbers visit MarketWatch

 

Thursday
04Mar2010

The Art Market When Collectors have the Edge over Museums - It's Impact on William Verdult Art

According to a recent article in the Los Angels Times and artjournal.com, Museums are  losing out to wealthy private collectors who can afford to acquire expensive works. Bottom-line - in today's market they can not compete.

Bright Feeling-4361 According to the Times art museums exist to acquire and treasure important works for the benefit of you and me. Exhibitions, education and scholarship are all essential, of course. But those activities derive from art museums' primary function -- collecting works that deeply reward the public's admiring gaze.

Unfortunately, economics are challenging all that. Public collecting is endangered by a shortfall of resources, a decline in political support and even a loss of nerve that could cut off the flow of masterworks for the people.

How does this situation impact the works of artist like William Verdult?

It depends. Again, the individual collector and investor have an edge over institutions like museums when competing for Verdult art. However, there are astute investor - who understand that working with museums can be in the best interest of their investment in the long run. We will be providing more information on Verdult exhibits in the coming weeks.

It has always been hard for museums to compete with private collectors, but driven by the scarcity of great old works and an expanding class of wealthy buyers, the recent stratospheric rise of art prices has outstripped most acquisitions budgets.

Click to read more ...

Wednesday
03Mar2010

William Joseph Verdult Art - Where are we headed?, Yazzy's at www.williamverdult.com

The Corporation is directly responsible for having Verdult artwork on major art sites including, Artnet.com, Artprice.com, and AskArt.com.

We have shareholders we are accountable to and we consistenlty review our objectives to keep our eye on the prize.

The prize is to bring William Verdult artwork out of the closet and

1) Increase the cash value of Verdult artwork;

2) Be able to take the artwork to the bank for collateral for those investors that want to;

3) Maintain transparency in the market;

4) Increase the awareness of Verdult through publicity, marketing, and placement on major art sites; and

5) Eventually get the artwork on Sothebys and Christy's.

We are aggressively achieving these goals. We believe that investors and art lovers who own Verdult artwork will benefit from the ability to "instead of saying I have a Verdult and its worth a million dollars without any proof whatsoever; we believe firmly that it is most important to say to a perspective buyer; a Verdult just sold for blank amount in cash – and here are the records to prove it."

Click to read more ...

Tuesday
02Mar2010

William Joseph Verdult artwork - A Major Milestone Achieved - Transparent Prices

William Joseph Verdult's artwork prices unveiled.

As we indicated in our previous post one of the major goals of the Corporation is to increase the transparency of prices for William Verdult artwork. In doing so we want to make sure that prices of actual "cash sales" of Verdult artwork are maintained and published by the major on-line research and resource outlets.

picture.asp 

Click to see sales data

In providing transparent prices, we believe the transparency will help art lovers and investors gage the actual value of their artwork, and will open the door for William Joseph Verdult artwork to be sold at premier on-line auction houses such as Christies, Sotheby's and Butterfield's. .

Another key goal of the Corporation is to ensure that the artwork is fully considered as a distinct and separate asset class like stocks, bonds and real estate. In addition, our objective is to ensure that Verdult artwork can be used to help art lovers, investors and shareholders leverage their art holdings, by using their artwork where appropriate in collateralized "cash" loans and other cash investment opportunities.

Click to read more ...

Monday
01Mar2010

Sotheby's Q4 tops estimates, auction margin rises: Yazzy's at www.williamverdult.com

Master Ramses Formerly NIA Appraised at $37,000Sotheby's the world's largest publicly traded auction house, posted a higher-than-expected fourth-quarter profit, helped by a higher auction commission margin and cost cuts, sending its shares up 10 percent according to Reuters..

Last month, Sotheby's beat expectations at its contemporary art sale underlining the strength of the market a week after a Giacometti statue broke auction records by selling for $104.3 million.

For the fourth quarter ended December 31, the auctioneer swung to a net income of $73.6 million, or $1.09 a share, compared with a net loss of $9.3 million, or 14 cents a share, a year earlier.

Revenue rose 31 percent to $ 218.3 million according to Reuters.

Analysts on average were looking for a profit of 67 cents a share on revenue of $201.1 million, according to Reuters.

The auctioneer, which competes with privately held Christie's, said total expenses fell 28 percent to $119.4 million and its auction commission margin rose to 20.4 percent from 16.0 percent.

Click to read more ...