SmArt Investor. Rare Picasso Ceramic Now Available. Delivering Excellence Since 1999

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Delivering Excellence Since 1999 Hong Kong Australia Singapore SmArt

Collectors Turn to Prints page 3 Celebrate the year of the goat with

Picasso Ceramic Now Available Find out more on page 2 Increase your

1 Delivering Excellence Since 1999 Hong Kong Australia Singapore SmArt Investor February 2015 : Edition #11 Chinese New Year Edition Collectors Turn to Prints page 3 Celebrate the year of the goat with your very own Picasso page 5 Introducing Rent-to-Own page 7 Rare Picasso Ceramic Now Available Find out more on page 2 Increase your buying power with our flexible monthly payment options Find out more on page 7

3 Picasso s Gros oiseau visage noir from the Madoura collection A visit to the Madoura Pottery in Vallauris in the south of France in the late 1940s, and a friendship with its owners, sparked the

3 3 Picasso s Gros oiseau visage noir from the Madoura collection A visit to the Madoura Pottery in Vallauris in the south of France in the late 1940s, and a friendship with its owners, sparked the artist s interest in painting ceramics. He produced about 4,000 such works until his death in Picasso would take a piece produced by the pottery and use its shape to depict people or animals. In one black and red piece he painted the handles of a jug as the wings of a bird while on other jugs he used the spout for a beak. Time to Buy Once the bounty of tourists in the South of France looking to take home haute tchotchkes with local color for a reasonable price, these ceramic pieces can now fetch upwards of a million dollars and yet collectors both novice and experienced can still get them for relative peanuts. While the market for Picasso ceramics has had its high points in the past, such as in the mid- 1980s, and again in the mid-2000s, more recently it has experienced yet another more significant resurgence, with the ceramics inclusion in notable sales of private collections in the past few years. In May 2010, at the sale of the collection of Los Angeles philanthropistfrances Lasker Brody at Christie s New York, Picasso s 1932 painting Nu au Plateau de Sculpteur, a portrait of his mistress Marie-Therese Walter, broke the world record for a work of art ever sold at auction when it brought in $106.5 million. Meanwhile, making quieter headway at the day sale of that same auction was a selection of the artist s ceramics. Grand vase aux femmes nues (a 25-inch ceramic vase painted with female nudes) was pocketed for $230,500, nearly quadrupling the lot s low estimate of $60,000. The market for ceramics has moved steadily ahead over the past five years. The total sales volume in 2009 was $4.3 million and around $6 million in In 2011, it jumped to nearly $17 million. In 2012 and 2013, it was $21.8 million and $23.5 million, respectively. Likewise, the sell-through rate has increased from 72 percent in 2009 (when roughly 550 objects were on offer) to 87 percent in 2011 (with about 1,000 objects on offer) to 90 percent in 2012 (with more than 1,300 objects for sale). In 2013, the sell-through rate dipped a bit to a still-healthy 80 percent, with approximately 1,200 objects on offer. Price POA Book a consultation online to find out more Or call us on:

Within post-war and contemporary segments, a handful of artists Jeff Koons, Picasso, Andy Warhol, Mark Rothko and others have experienced the sharpest increases.

4 4 Collectors Turn to Prints The New York Times recently published an article indicating the rise of print collection in the artworld. At CKI our core business is based around works on paper by the masters so we know just what an attractive asset and lucrative investment opportunity they can be. Within post-war and contemporary segments, a handful of artists Jeff Koons, Picasso, Andy Warhol, Mark Rothko and others have experienced the sharpest increases. Read the full article online Notably, the average sale price for the top five lots sold at Christie s Contemporary auctions rose 837% between 2004 and 2014, according to estimates made this year by Art+Culture, Inc., while the price realized for all other lots increased only 398%. This concentration has created an opportunity to buy important works by artists not caught up in the frenzy of speculation. Beyond Post-war and Contemporary art, other areas offer compelling value. These include works on paper and prints; artists working in emerging geographies; and emerging mediums. The year ahead drivers of growth Solid gains in the art market are being driven by a number of factors, which could propel sales for the next five to ten years. Art fairs. Sales are rising due to a worldwide proliferation of art fairs, which are providing broader distribution. Wealth. Rising global wealth has helped propel the market. Moneyed collectors from China, Russia and South America, in particular, have been driving demand for established artists and creating new opportunities for indigenous talent. One of Andy Warhols iconic Campbell s Soup Can prints. Full set available through CKI. Technology. One increasingly significant factor driving today s art market is the rise of online databases and marketplace platforms, which can enhance prices and the discovery of inventory while easing transaction complexity.

5 Extracts from the article The first half of 2014 signals another record year for the art auction market Phillips held an Evening & Day Editions auction on Jan. 22.

5 5 Extracts from the article The first half of 2014 signals another record year for the art auction market Phillips held an Evening & Day Editions auction on Jan and found buyers for 91 percent of the 238 lots, raising a total of 2.8 million pounds with fees, or $4.2 million, well above the 2.4 million high estimate, based on hammer prices.... works with plenty of color and wall power by international brand names drew competitive bidding. Donald Judd s 1988 ultramarine-blue suite of 10 minimalist woodcuts, Untitled, was pushed by four telephones to 182,500 When the prices of originals rise above a certain point, it drives the sales of prints. editions are becoming an increasingly popular way of hanging brand-name art on a wall at a palatable price.

6 Celebrate the year of the goat with your very own Picasso Picasso s prints demonstrate his intuitive and characteristic ability to recognize and exploit the possibilities inherent in any medium in

6 6 Celebrate the year of the goat with your very own Picasso Picasso s prints demonstrate his intuitive and characteristic ability to recognize and exploit the possibilities inherent in any medium in which he chose to work. Once he had mastered the traditional methods of a print medium, like etching on metal, Picasso usually experimented further, pursuing, for example, scarcely known intaglio techniques such as sugar-lift aquatint. The printed graphic work of Picasso shows a clearly defined succession of periods in which certain techniques predominated. Picasso has astonished the ablest printmakers again and again. It is not only that he mastered the difficulties of new techniques with playful ease; he soon went on to obtain results that had hitherto been deemed impossible. A virtuoso craftsman in engraving, etching, lithography and linocut, he explored their secrets with patience and love and elicits from each medium the very subtlest effects the medium allows. It is hardly surprising that five, ten or even thirty states were sometimes necessary before a masterpiece emerged from his hands. CKI specialise in supplying only the finest works from Pablo Picasso s graphic oeuvre; and offer the discerning investor works of the utmost rarity and investment potential. Pablo Picasso - Vallauris Lino cut - available in various colours Book a consultation online to find out more Or call us on: Original Picasso s from AU$ 8,250

7 Pablo Picasso - Apples, glass and knife (1947) The work carries the Mourlot stamp and is accompanied by a hand signed Certificate of Authenticity and Provenance issued directly by Mourlot.

Book a consultation online to find out more Or call us on: 1300 66 35 56 Picasso s Mourlot Lithographs Fernand Mourlot Mourlot Studios was a commercial print shop founded in 1852 by the Mourlot

7 7 Pablo Picasso - Apples, glass and knife (1947) The work carries the Mourlot stamp and is accompanied by a hand signed Certificate of Authenticity and Provenance issued directly by Mourlot. This work has never been offered for sale before; it is in mint condition in line with its storage history. Book a consultation online to find out more Or call us on: Picasso s Mourlot Lithographs Fernand Mourlot Mourlot Studios was a commercial print shop founded in 1852 by the Mourlot family and located in Paris, France. During the 1920s, Fernand Mourlot converted one of the locations into a studio dedicated to printing fine art lithography. One of the most important contributions of the Mourlot Studio was to be the fine art poster, and Mourlot became the place where posters were prepared and produced as works of art in their own right. In 1945, Pablo Picasso chose the now world renowned Mourlot studio for his return to the lithographic medium. Set up in a corner of the shop, the lithograph studio would become his home for several months at a time. Between 1945 and 1969, Picasso created over four hundred lithographs at Mourlot. This collaboration would break new ground in the lithographic process and lend a new dimension to Picasso s work. A very brief list of great masters that created their works at Mourlot includes: Pablo Picasso, Henri Matisse, Georges Braque, Joan Miró, Salvador Dalí, Marc Chagall, Alexander Calder, Francis Bacon, Roy Lichtenstein, Jacques Villon, Henry Moore, Fernand Léger, Alberto Giacometti and many more. Original Picasso s from AU$ 8,250

8 8 Introducing Rent-to-Own A real asset that offers balance, potential capital growth, and insulation from the ups and downs of the wider economy. Benefits of Rent to Own Choose a Rent-to-Own purchase plan of 12, 24 or 36 months. 1 Pay easily each month by direct debit. 2 Enjoy your professionally installed art collection immediately Unrivalled Value From as little as AU$ per day.* Each of our rental portfolios are meticulously tailored to suit your needs, offering you both the convenience and flexibility of our art rental service, and the affordability of our Rent-to-Own purchasing options. Quality Only the finest artworks from history s finest artists. 1 Title of the artwork will pass to you upon your completion of the Rent-to Own payment plan selected. 2 Typical APR 8% per annum. Stimulate Stimulate your space with inspiring focal points and conversation pieces. Service FIND OUT MORE Book a consultation online Free consultation, professional installation and on going on-site aftercare enquiries@ckirental.com *over 24 monthly instalments

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Pablo Picasso

Pablo Picasso. 1881-1973 The world s favourite artist is also the most collected. The market for works by Picasso is highly liquid, buoyant and can be extremely rewarding. His desire to push the boundaries