Views
6 months ago

SG MAG APR 2018 MAIN6

https://www.artprice.com/artprice-reports/the-contemporaryart-market-report-2017 Veteran NYC art dealer William Acquavella often told his clients, “You can remake your money, but you can’t remake the painting, meaning: you can earn the cost back, but if you miss the opportunity to buy the work when it is available, it is likely gone forever”. The spectacular auction price of Basquiat’s Untitled (1982) on 18 May 2017 illustrates the enormous financial potential of Contemporary Art. Untitled was acquired on May 8, 1984 for $20,900 and 33 years later it fetched $110.5 million. The initial investment yielded an average annual growth rate of +29.6% for a third of a century, whereas the S&P 500 posted only +6.5% annual growth. This magazine deals with Jack Armstrong the founder of Cosmic X art form and we believe that his paintings now appraised in the low millions are set for a meteoric rise this year because of their scarcity and the expected media blitz. Featured on the front cover are Armstrong’s boots. “Van Gogh painted pictures of Boots, but did not paint on his own boots. These pristine 1968 Tony Lama Boots, purchased at Sears, in 1968 by my father, and were only worn a few times by him, and once by me.“ Shame his uncle, astronaut Neil Armstrong, didn’t borrow them to take the first step for mankind on the moon! The price tag of $6M may be cheap for an artist who produced only 100 paintings and vowed never to paint another canvas. These boots whilst useless to walk on the moon will make you unique on earth. These boots are really meant for “talking” not walking! Armstrong’s fame spread worldwide with the launch of his Cosmic Harley Davidson in 2010 with a reported sale of over $3M and now offered at $12M by it’s current owner. It is still being written about today. He launched his ARTbike at Dubai’s Big Boys Toys in 2014 with a price tag of $3M and created great concern from exhibitors such as Mercedes Benz, as he attracted a major share of the publicity from both TV and Press. Armstrong returned to his home in Mexico where and has not been seen in public since. Serious illness prevented him from appearing at a Court Hearing in California to answer a rape allegation which he vehemently denied and which experts in law have decried as a setup. All sorts of rumors abound as to his whereabouts and there have even been reports of his death. However his “boots” are alive and well! Given the price of his cosmic paintings and with savvy collectors such as Alice Walton, the Walmart Billionaire, and world class architect Narenda Patel, I’m sure many people would like to be in his financial boots. About half of his art pieces are in private hands and with the contemporary art market red hot and no eager sellers, the value of his Cosmic X art will explode on the first public sale announcement. Prices of $20M upwards could be achieved in the next few years because of the scarcity factor. You may want to buy someone a unique present or just add a hedge to your portfolio! Only 100 people in the world can ever own an Armstrong painting! STAR GLOBAL INTERNATIONAL INC. 2

BLACK STAR SAPPHIRE OWNER JACK ARMSTRONG COSMIC HARLEY DAVIDSON This magazine catalogues some 46 of the amazing 100 paintings of cosmic artist and art rebel Jack Armstrong whom I’ve known for 12 years. Letters by the artist himself regarding 3 of his seminal pieces, his Triptych, have been included. Jack now in his sixties and in declining health is still flamboyant, out spoken and even arrogant at times. However, underneath this mask, he is a very caring and sensitive man with a deep passion for the millions of forgotten artists who could never break through the wall of the “art cartel”, his name for the major art galleries and auction houses. These establishments alone decide who is to be or not to be the celebrated and wealthiest artists. Jack has shown another way with his new style of modern art, “Cosmic Extensionalism” and self-promotion, making it possible for an artist to jump the wall. With help from Star Global International he launched the Million Dollar Cosmic Harley in 2010. It is the most famous and expensive motorcycle in the world. He has never participated in an auction, yet he has made direct high-value sales to very wealthy buyers. As a young boy on a visit to the Smithsonian Museum with his mother, Jack was fixated by a unique and precious stone, a 733-carat sapphire, the Black Star Sapphire of Queensland. He promised his mother that one day he would buy the stone and he did. The stone spoke to him and told him he would be a famous artist and to paint exactly 100 paintings and never another. As a young model and artist in the 1980s in New York, Jack ran with such iconic artists as Andy Warhol, Jean Michel Basquiat, and Keith Haring. Indeed, Andy Warhol gave him the name “The Last Wizard”. I developed the concept of the “Million Dollar Harley” as a branding tool similar to Warhol’s soup can. My aim was to connect with a larger and more current generation and this rocketed Jack to super star status. The Cosmic Harley and artist even reached the cover of the Pakistani Times. They are now well entrenched in the psyche of many people and currently 2 books have chapters talking about the Cosmic Harley. Any researcher will see numerous articles in newspapers, magazines, internet, and on radio & TV. While not quite as famous as his uncle, astronaut Neil Armstrong, Jack is the subject of “The Last Wizard” a movie, staring Damian Chapa and Eric Roberts, being made soon about his life. Damian was introduced in the 1980s to Jack at a Warhol Party by Details Magazine’s brilliant writer Stephan Saban. With only 100 paintings in the entire world these colorful, multilayered, acrylic on canvas paintings, are held closely by savvy collectors who bought directly from the artist himself or through Star Global International. The art has Jack’s finger prints, thumb prints, hand prints, and DNA in all of the 100 paintings - a process cleverly devised by the artist to thwart forgeries. However, Star Global is keeping track and can authenticate all of the paintings. Twenty-five paintings are destined to form the basis of a museum which the artist will open soon. He aims to help other talented artists showcase their talents. This means only 75 paintings can ever be available for sale. About 80 of Jack’s paintings are 24” x 36” before framing and are multi-layered and amazingly vibrant. Starting prices are currently from $1,950,000 rising steeply to $12,000,000. Two paintings, 36” x 48”, are priced at $4,9500,00 each and one piece de resistance, “Cosmic Starship Arrival”, 48” x 60”, recently priced at over $6,500,000. Alice Walton, WalMart billionaire and owner of Crystal Bridges Museum of American Art, architect Narenda Patel, French superstar Michel Polnareff, Donny York of iconic pop group Sha Na Na, and Eric Roberts are listed among his famous collectors. Very recently a 4-page in-depth interview with Jack appeared in “Art & Museum”. This was submitted by Derek Culley, the artist who discovered Damien Hirst. The magazine is part of The Family Office Elite Magazine which goes to high net worth individuals usually with assets around $100 million + dollars. Jack’s paintings are destined to be virtually priceless and a renowned art valuation expert told Star Global that the “sky is the limit” since there are only 100 paintings. It is most unlikely that any of these paintings will find their way to market soon as most current owners are certain that the contemporary art market is expanding. Owning an Armstrong is a combination of something exclusive and of beauty to brag about. It’s also about possessing portable wealth. Jack’s story and art are uniquely based on his ownership of the Black Star Sapphire of Queensland which he and many believe has magical powers of good fortune! 3

February 2018 YHH Mag
JANUARY 2018 UP MAG
Swap Meet Magazine June 2018 E Mag