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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 />

6

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