Provenance Important In Modern Art
Modern Canvas gives high importance to the quality of provenance that, is linked to modern artworks. Building its collection for the Modern Canvas Art Gallery in Kuala Lumpur Malaysia - every effort is made to ensure that acquisitions come from reputed sources. A large number of artworks have been acquired by Modern Canvas from reputed galleries auction houses like Sotheby's and Christie's.
Provenance serves as a record of ownership and history, helping to verify the authenticity of an artwork. This is particularly important in modern art, where forgeries can be a concern. A well-documented provenance can significantly increase the financial value of a piece. Knowing an artwork's history, including previous owners, exhibitions, and auctions, adds prestige and desirability. Experts at Modern Canvas mention that, the authenticity of the source is of prime importance.
Provenance provides insights into the journey of the artwork, shedding light on its cultural, historical, and social relevance. It enriches the narrative surrounding the piece, making it more engaging for collectors and enthusiasts. Collectors, galleries, and auction houses often require provenance as a prerequisite for transactions. A clear ownership trail instills confidence in buyers and facilitates smoother sales. Artworks sell based on buyer confidence and a reliable provenance record, puts buyers at ease.
It is not uncommon for art 'sellers' to try and sell modern artworks that they have procured by illegal means, like theft. Provenance helps in ensuring that artworks are not stolen, looted, or acquired through unethical means. This is crucial in avoiding legal disputes and maintaining ethical standards in the art world. Modern Canvas comments that, a reliable provenance record can keep the buyer safe from frauds attempted by the seller.
Investors in modern art hope to make a substantial profit in the future, there are times when investors wish to borrow from banks using artworks as surety. The lending institution generally looks for a clear and reliable provenance statement. Museums and galleries often rely on provenance to decide whether an artwork qualifies for exhibitions or loans. A robust history adds credibility and allure to the displayed art.
SUMMARY
Modern Canvas Malaysia mentions that, provenance affects both value and authenticity. There is really no substitute for a reliable provenance statement, for an artwork. Buyers should begin their evaluation of a modern artwork, by scrutinizing the provenance for the piece.
Modern Canvas Sdn Bhd
No 3, Persiaran Hampshire,
off Jalan Ampang,
50450 Kuala Lumpur Malaysia
Tel:+6011 21156073
Contact person : Azillah
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