Collecting contemporary art still has more intrigue than charm for the most of the business people. Today media incorrectly enlightens the value of contemporary art. The lack of communication between art and business strengthens clarifying the main art market fundamentals. On the other hand, collecting contemporary art is a rapidly growing both cultural and business phenomenon in West and East.

How to choose valuable contemporary artworks? How much return on investment (ROI) to expect collecting contemporary art? What written and unwritten rules are valid in the art market? The world known art experts will answer the questions and even more in the seminar “Collecting Contemporary Art”.

SPEAKERS

Alistair Hicks (UK)

Art Advisor to Deutsche Bank AG.

The Deutsche Bank Collection is one of the largest and most significant corporate art collections in the world. It contains 53 thousands artworks that are being collected internationally since 1979.

The annual budget for art (purchase of art, exhibitions, partnerships, and costs of personnel) is EUR 20 millions. The prices of the artworks vary from EUR 500 to EUR 10 thousands. Deutsche Bank AG actively participates in the art market - it is the partner of the museum “Deutsche Guggenheim Berlin”, main sponsor of the art fair Frieze in London etc.

Alistair Hicks is the author of the books: “Art Works: British and German Contemporary Art 1960-2000” (2001), “The School of London: the resurgence of contemporary painting” (1989) and “New British Art in the Saatchi Collection” (1989).

Iain Robertson (UK)

Head of Art Business Studies at Sotheby’s Institute of Art

Iain Robertson is an advisor to the biggest contemporary art library in Asia “Asia Art Archive” (Hong Kong), Honorary Director of Education at MoMA Hong Kong and a consultant to the private banking arm of “Hana Bank” (South Korea).

In addition to over 100 articles about art market, he is the author of the books: Understanding International Art Markets and Management (2005) and The Art Business (2008). A third book on emerging art markets will be published in December, 2009 and it will be presented during the lecture in Vilnius.

Simon Rees (New Zealand, Australia, Lithuania)

Curator, critic, editor

Simon Rees has curated international exhibition in New Zealand, Australia, Sweden, USA etc. Since 2004 he is the chief curator in Contemporary Art Centre (CAC) in Vilnius.

In 2007 Simone Rees was the commissar of Lithuanian pavilion at the 52nd international Venice biennale - the project “Villa Lituania” of Nomeda and Gediminas Urbonas got the best national pavilion award.

PROGRAM*

15.00-15.30 Simon Rees "Comtemporart Art"

15.30-16.30 Iain Robertson "Art as Commodity"

16.30-16.45 Kavos pertrauka

16.45-17.45 Alistair Hicks "Directions of Collecting Contemporary Art, experience of Deutsche Bank"

17.45-18.00 Questions - answers

18.00-19.00 Wine reception

*Lecture will be held in English with no translation

REGISTRATION

The number of participants is limited. Advance registration is required.

Ticket price - 200 LTL*

*The price includes entrance to the exposition of National Gallery or Art