How This Art Gallery Is Maintaining Its Competitive Edge, And Is Sharing Their Tips - Forbes | Canada News Media
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How This Art Gallery Is Maintaining Its Competitive Edge, And Is Sharing Their Tips – Forbes

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Since having entered the male-dominated, competitive art gallery industry back in 2013, founders of Art Angels Jacquelin Napal and Kat Emery are shaking up the art world in 2022. They are setting the blueprint for future artists and curators in the industry, all the while pioneering the digital art space and turning it into profit.

These two female founders are capitalizing on the Metaverse before it reaches its popularity. Having invested in property in the Metaverse, these forward thinkers are working outside the traditional walls of art galleries.

Backed by a marquee celebrity client roster, Art Angels has made a name for themselves in the global market. With an online presence, expanding gallery space and partnerships with restaurants, hotels, and high-end developers, is there a space these trailblazers haven’t covered?

Wanting to enter into the world of NFTs to allow for physical items to be experienced in a 3D virtual environment, these founders want to educate collectors and artists on what is the next big thing in art. People are getting more comfortable with these methods and Art Angels wants to make it more accessible for investors within this new digital era.

Growing their business with no outside help or funding, these women are helping underrepresented artists in the world and building a platform for them. They are grateful to have built their business this way as it allows for a quicker activation period. They specifically chose this route to have full control over their business. In doing so, they were able to retain autonomy in all decision making and are paving a way for other female entrepreneurs.

When embarking on your own business mission, Art Angels leaves these words of advice for you:

1.    Bootstrap to a full team

Don’t try to be everything at once. Grow your business through financial prudence and wait until you can afford to invest in the next item needed to grow your business. It’s tempting to want to invest in everything at once but that will lead to financial jeopardy if you are investing on borrowed money. 

Trial and error is part of business and seeing what resonates with your clients is an important step that cannot be skipped on your journey to success. Do not overinvest until you know what is working for the business.

2.    Don’t let others underestimate your abilities

It’s easy to hear naysayers loud and clear, even if they are in the minority. Surround yourself with people who believe in you and support your dreams, and flush out the negativity. There will always be haters, but don’t let that get you down. Keep pursuing your dream and find ways it will work.

3.    Focus on creative and business direction

Don’t be afraid to try new things or be the first to try something new in your industry. It’s through trying new things that makes you a trailblazer in your industry. Decide on your creative vision and plan your business to move in that direction.

4.    Be involved in your business finances

Art Angels review their finances regularly and have learned how to use business financial literacy to grow their business year over year. Due to financial management, it allowed them to grow their business at a rapid rate while minimizing the risk involved in that growth. Knowing how to manage that risk was key to the growth in their business.

The bottom line is regardless of what industry your business is in, it pays to learn how to manage your business finances. Financial mismanagement in business is one of the top reasons why businesses fail, so investing in that financial acumen will increase the success rate of your business.

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Calvin Lucyshyn: Vancouver Island Art Dealer Faces Fraud Charges After Police Seize Millions in Artwork

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In a case that has sent shockwaves through the Vancouver Island art community, a local art dealer has been charged with one count of fraud over $5,000. Calvin Lucyshyn, the former operator of the now-closed Winchester Galleries in Oak Bay, faces the charge after police seized hundreds of artworks, valued in the tens of millions of dollars, from various storage sites in the Greater Victoria area.

Alleged Fraud Scheme

Police allege that Lucyshyn had been taking valuable art from members of the public under the guise of appraising or consigning the pieces for sale, only to cut off all communication with the owners. This investigation began in April 2022, when police received a complaint from an individual who had provided four paintings to Lucyshyn, including three works by renowned British Columbia artist Emily Carr, and had not received any updates on their sale.

Further investigation by the Saanich Police Department revealed that this was not an isolated incident. Detectives found other alleged victims who had similar experiences with Winchester Galleries, leading police to execute search warrants at three separate storage locations across Greater Victoria.

Massive Seizure of Artworks

In what has become one of the largest art fraud investigations in recent Canadian history, authorities seized approximately 1,100 pieces of art, including more than 600 pieces from a storage site in Saanich, over 300 in Langford, and more than 100 in Oak Bay. Some of the more valuable pieces, according to police, were estimated to be worth $85,000 each.

Lucyshyn was arrested on April 21, 2022, but was later released from custody. In May 2024, a fraud charge was formally laid against him.

Artwork Returned, but Some Remain Unclaimed

In a statement released on Monday, the Saanich Police Department confirmed that 1,050 of the seized artworks have been returned to their rightful owners. However, several pieces remain unclaimed, and police continue their efforts to track down the owners of these works.

Court Proceedings Ongoing

The criminal charge against Lucyshyn has not yet been tested in court, and he has publicly stated his intention to defend himself against any pending allegations. His next court appearance is scheduled for September 10, 2024.

Impact on the Local Art Community

The news of Lucyshyn’s alleged fraud has deeply affected Vancouver Island’s art community, particularly collectors, galleries, and artists who may have been impacted by the gallery’s operations. With high-value pieces from artists like Emily Carr involved, the case underscores the vulnerabilities that can exist in art transactions.

For many art collectors, the investigation has raised concerns about the potential for fraud in the art world, particularly when it comes to dealing with private galleries and dealers. The seizure of such a vast collection of artworks has also led to questions about the management and oversight of valuable art pieces, as well as the importance of transparency and trust in the industry.

As the case continues to unfold in court, it will likely serve as a cautionary tale for collectors and galleries alike, highlighting the need for due diligence in the sale and appraisal of high-value artworks.

While much of the seized artwork has been returned, the full scale of the alleged fraud is still being unraveled. Lucyshyn’s upcoming court appearances will be closely watched, not only by the legal community but also by the wider art world, as it navigates the fallout from one of Canada’s most significant art fraud cases in recent memory.

Art collectors and individuals who believe they may have been affected by this case are encouraged to contact the Saanich Police Department to inquire about any unclaimed pieces. Additionally, the case serves as a reminder for anyone involved in high-value art transactions to work with reputable dealers and to keep thorough documentation of all transactions.

As with any investment, whether in art or other ventures, it is crucial to be cautious and informed. Art fraud can devastate personal collections and finances, but by taking steps to verify authenticity, provenance, and the reputation of dealers, collectors can help safeguard their valuable pieces.

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Ukrainian sells art in Essex while stuck in a warzone – BBC.com

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Ukrainian sells art in Essex while stuck in a warzone  BBC.com



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Somerset House Fire: Courtauld Gallery Reopens, Rest of Landmark Closed

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The Courtauld Gallery at Somerset House has reopened its doors to the public after a fire swept through the historic building in central London. While the gallery has resumed operations, the rest of the iconic site remains closed “until further notice.”

On Saturday, approximately 125 firefighters were called to the scene to battle the blaze, which sent smoke billowing across the city. Fortunately, the fire occurred in a part of the building not housing valuable artworks, and no injuries were reported. Authorities are still investigating the cause of the fire.

Despite the disruption, art lovers queued outside the gallery before it reopened at 10:00 BST on Sunday. One visitor expressed his relief, saying, “I was sad to see the fire, but I’m relieved the art is safe.”

The Clark family, visiting London from Washington state, USA, had a unique perspective on the incident. While sightseeing on the London Eye, they watched as firefighters tackled the flames. Paul Clark, accompanied by his wife Jiorgia and their four children, shared their concern for the safety of the artwork inside Somerset House. “It was sad to see,” Mr. Clark told the BBC. As a fan of Vincent Van Gogh, he was particularly relieved to learn that the painter’s famous Self-Portrait with Bandaged Ear had not been affected by the fire.

Blaze in the West Wing

The fire broke out around midday on Saturday in the west wing of Somerset House, a section of the building primarily used for offices and storage. Jonathan Reekie, director of Somerset House Trust, assured the public that “no valuable artefacts or artworks” were located in that part of the building. By Sunday, fire engines were still stationed outside as investigations into the fire’s origin continued.

About Somerset House

Located on the Strand in central London, Somerset House is a prominent arts venue with a rich history dating back to the Georgian era. Built on the site of a former Tudor palace, the complex is known for its iconic courtyard and is home to the Courtauld Gallery. The gallery houses a prestigious collection from the Samuel Courtauld Trust, showcasing masterpieces from the Middle Ages to the 20th century. Among the notable works are pieces by impressionist legends such as Edouard Manet, Claude Monet, Paul Cézanne, and Vincent Van Gogh.

Somerset House regularly hosts cultural exhibitions and public events, including its popular winter ice skating sessions in the courtyard. However, for now, the venue remains partially closed as authorities ensure the safety of the site following the fire.

Art lovers and the Somerset House community can take solace in knowing that the invaluable collection remains unharmed, and the Courtauld Gallery continues to welcome visitors, offering a reprieve amid the disruption.

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