SG MAG AUG 2018 MAIN
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According to joint analysis by artnet Analytics and artnet News just 25 artists (over half<br />
American) are responsible for almost 50% of all postwar and contemporary art auction<br />
sales. This is an extreme situation and probably due to increasingly wealthy buyers competing<br />
for a shrinking supply of name-brand artists. Of course this does not account for<br />
the artists who sell in the private market. Jack Armstrong is one such branded artist. His<br />
unique style of art he calls Cosmic ‘X’ and the fact that he only painted 100 canvasses and<br />
vowed never to paint another, has guarantee him a place in art history as well as an ever<br />
increasing value. Jack Armstrong hit the “jackpot” by selling his art privately in the<br />
million dollar range and lists among his collectors such famous names as Alice Walton,<br />
Michel Polnareff, Narenda Patel and Donny<br />
York. Around half of his collection of 100 are<br />
now in private hands and none wishing to sell.<br />
The incredible booming economy in the US<br />
will project art sales higher and higher in the<br />
coming years. There’s nothing quite like art as<br />
an investment in good times or bad times. It’s<br />
portable wealth and beautiful to look at and<br />
you have the best bragging rights to hang in<br />
your home. Imagine owning one of only 100<br />
unique and magical paintings in the entire<br />
world!<br />
This top heavy market indicates that branding<br />
is an all important factor and Jack Armstrong<br />
certainly achieved that with his launch in 2010<br />
of the Million Dollar Harley Davidson, the most<br />
expensive motorcycle in the world. With his<br />
osmic Harley, his ARTbike and his recent<br />
audacious $6 MILLION Tony Lama Cowboy<br />
boots Jack Armstrong has scored a hat trick.<br />
Armstrong had a mass of publicity over the<br />
decade to the envy of many excellent artists<br />
who haven't yet made the big time. He has<br />
promised to help other artists become well<br />
known without the top galleries and auction<br />
houses and secured himself a place in the<br />
psyche of the public and the art world. Jack<br />
eschewed those traditional establishment<br />
market norms which he called the “art<br />
cartel”. With a movie in the making and his announcement that he will paint a<br />
$100 Million car in 2020, the value of his extremely limited Cosmic ‘X’ art canvasses will<br />
continue to increase. If you would like to be notified of upcoming events or pre-market<br />
sales email or call us.<br />
Iain Hammer Ph.D<br />
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