art, real estate, luxury, & billion-dollar storms | the new normal?

The superstorms and wildfires of 2017 cost the US $306 billion.

As the temperatures of the oceans rise, the increasing temperatures will increase how strong hurricanes can become.

As global temperatures continue to rise, things will get more costly.

The new normal?

There are proactive steps you can take to protect and enhance the value of your tangible assets.

See: “Billion-Dollar Storms: Is This the New Normal?” | Deborah Acosta, The New York Times, 29 January 2018

#art #artmarket #collections #collectionsmanagement #artrisk #insurance #insurancerisk #realestate #commercialrealestate #culturalrealestate #realestaterisk #GRESB #GlobalRealEstateSustainabilityBenchmarks #climaterisk #financialrisk #CO2 #resilience #luxury #smartluxury

 

magic that can be created through space & art | Victoria Hagan

“Tapping into the magic that can be created through space and art,” Victoria Hagan highlights the “extra layer of depth, texture, color, and mood” that Old Masters’ paintings bring, as members of the family, into contemporary homes.

See: “Award-Winning Designer Reveals the Magic of Old Masters” | Sotheby’s

#art #collections #collectionsmanagement #interiordesign #VictoriaHagan #OldMasters #luxury #smartluxury #realestate

Paris floods | the Louvre, the Musée d’Orsay, & the Musée de l’Orangerie launch their Plans de Protection Contre les Inondations (PPCI)

The Louvre, the Musée d’Orsay, and the Musée de l’Orangerie have each launched their Plan de Protection Contre les Inondations (PPCI; protection plan against flooding). The Musée du Louvre has closed the lower level of its department of Islamic Arts until Sunday (28 January) as a “preventive measure” from flood damage.”

See: “Rising River Seine causes closure at Musée du Louvre” | Anna Sansom, The Art Newspaper, 25 January 2018

#Louvre #MuséeduLouvre #Muséed’Orsay #Muséedel’Orangerie #art #artcollections #collectionsmanagement #risk #riskmanagement #Paris #flooding #PPCI #PlandeProtectionContrelesInondations #museums #resilience #luxury #smartluxury #CO2 #realestate #culturalrealestate #design #engineering

art, risk management, & “rolling disasters” as the new normal

There is worry in the insurance industry that “rolling disasters” may become the new normal, the effects of climate change that many scientists believe have resulted in dryer conditions in the west coast and more intense hurricanes in the east coast. “Climate change is a great concern to the art insurance industry, particularly because of the hurricanes we are seeing,” Quinn said. Both AXA and Chubb are active in promoting research in climate change, recognizing that catastrophic natural events may prove to be an annual occurrence.

Insurers are concerned especially over works of art in private homes.

Insurers in areas such as California may seek to limit their risks. The extent of the damage in regions of California affected by the recent wildfires, for instance, may well increase the cost and limit the availability of fine art insurance.

See:

As Natural Disasters Loom, What You Should Know About Insuring Your Art” | Daniel Grant, The Observer, 18 January 2018

#art #artmarket #collections #collectionsmanagement #insurance #fineartinsurance #climaterisk #risk #riskmanagement #fire #wildfire #hurricanes #flooding #risingseas #luxury #smartluxury #resilience #realestate #CO2 #H2O

global investment in renewable energy & energy-smart technologies

Annual figures from Bloomberg New Energy Finance (BNEF) show that global investment in renewable energy and energy-smart technologies reached $333.5 billion last year, up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, reached in 2015.

Chinese investment in all the clean energy technologies was $132.6 billion, up 24% setting a new record. The next biggest investing country was the U.S., at $56.9 billion, up 1% on 2016.

Solar led the way, as mentioned above, attracting $160.8 billion – equivalent to 48% of the global total for all of clean energy investment.

Wind was the second-biggest sector for investment in 2017, at $107.2 billion. Down 12% on 2016 levels.

The third-biggest sector was energy-smart technologies, where asset finance of smart meters and battery storage, and equity-raising by specialist companies in smart grid, efficiency, storage and electric vehicles, reached $48.8 billion in 2017, up 7% on the previous year and the highest ever.

See:

Runaway 53GW Solar Boom in China Pushed Global Clean Energy Investment Ahead in 2017” | Bloomberg New Energy Finance, 16 January 2018

#cleanenergy #renewableenergy #energy #finance #solar #wind #energy-smarttech #tech #investments #luxury #smartluxury  #realestate #commercialrealestate #resilience #CO2

 

 

 

Southern California collections management: fire rescue & restoration

Fueled by seasonal winds and dry conditions, Southern California’s Thomas Fire has become the largest, in terms of acreage, since 1932 when reliable recording began. State officials are saying that the 2017 fire season has been the most destructive that people in state have seen.

As of the Vanity Fair December 20 publication of Jane Borden’s article “In Southern California, Even the Art Has a Fire Rescue Plan,” the Thomas Fire had destroyed about 800 homes, nearing Santa Barbara, Montecito, and Ojai, collectively home to the Museum of Contemporary Art Santa Barbara, the Santa Barbara Museum of Art, working artists, art collectors, and celebrities.

On the evening of December 4, artists living in Ojai had no time to pack up their work before evacuating. Those with studios in Ventura spent evenings sleeping beside their work.

Works from four collections were moved to purified, closed rooms at the MCASB.

The Santa Barbara Museum of Art, with van and crew ready at short notice, safeguarded works of art, valued at millions of dollars, retrieved from homes in the area.

The Conservation Center of Chicago is described as the “most prepared art-rescue team working in Southern California” during the fire.

As the air quality was rendered “really bad” by the Thomas Fire, teams from The Conservation Center rotated every four or five days. Works of art that were not damaged were stored in a safe location in Los Angeles. Works with minor damages were restored locally. More damaged works of art were shipped to Chicago for full restoration.

An industry leader in rescuing works of art after disasters such as fires or floods, The Conservation Center brings over 30 years of experience caring for individual, private, and public collections.

In addition to restoration and packing and shipping services, The Conservation Center in Chicago specializes in disaster response. The Center’s national clients include corporations, museums, nonprofits, and private collectors, and the response team is trained to triage a variety of situations, most notably flood and fire. This year alone, the 36-person team has responded to hurricane damage in Houston and Miami, and rescued or restored 1,350 works from a Georgia museum damaged by a tornado. Now, the fires. “I’ve been with the company for 29 years, and this is definitely unprecedented, to have these things happening so closely together,“ explains Heather Becker, C.E.O. of The Conservation Center.”

See:

Thomas Fire is Now California’s Largest Wildfire in History” | Doreen McCallister, NPR, 23 December 2017

In Southern California, Even the Art Has a Fire Rescue Plan” | Jane Borden, Vanity Fair, 20 December 2017

The Conservation Center

#art #SouthernCalifornia #ThomasFire #SantaBarbara #Montecito #Ojai #MuseumofContemporaryArtSantaBarbara #MCASB #SantaBarbaraMuseumofArt #SBMA #conservation #rescue #restoration #artcollections #collectionsmanagement #CO2 #luxury #smartluxury #design #architecture #engineering #fireresistance #TheConservationCenter #Chicago #resilience #health #wellness#realestate #culturalrealestate #culturalheritage

energy efficient, living smart, developing a legacy, increasing sales

Maracay Homes, an Arizona homebuilding company and leader in the Arizona real estate industry, “providing homebuyers with smarter choices,” for more than 25 years, reports a correlation between EnergySmart, energy efficiency, and sales.

““We have outperformed our competitors because of the Energy Star and LEED component,” reports Maracay Marketing Manager Elise Goodell. “Realtors and prospects are seeing a lift in value, and they are willing to pay for the LEED certification…'”

The home construction company, headquartered in upscale Scottsdale, Arizona and serving the Phoenix- and Tuscson-area markets, correlates EnergySmart with LivingSmart in its entirety and the quality of life of homeowners together with legacy and better sales.

All homes constructed by Maracay are now Energy Star-certified.

Two years ago Maracay “beta tested” LEED certification on a small scale. Maracay understands LEED (Leadership in Energy and Environmental Design) to provide a more holistic analysis of home energy savings than Energy Star ratings and an educational requirement, on a small scale. The company is now integrating LEED on a large scale.

One essential element in Maracay’s educational campaign is an in-depth, locally produced video that includes interviews with potential (and actual) buyers and a walk-through of an under-construction Maracay home, hosted by D.R. Wastchak (DRW), a local Arizona energy efficiency rating company with a 17-year track record in the field and a list of credits that includes EPA ‘Partner of the Year.’”

See:

Arizona homebuilding company finds success with energy efficiency” | Tina Casey, Inman, 29 December 2017

Maracay Homes

#homes #homeconstruction #buildingtechnology #sales #homesales #realtors #realestate #commercialrealestate #culturalrealestate #energy #energyefficiency #LEED #USGBC #EnergyStar #luxury #smartluxury #CO2 #Arizona #Scottsdale #Phoenix #Tuscon #MaracayHomes #resilience #art #collectionsmanagement#education #health #wellness #family

 

HouseZero ・retrofitting a 1924-era wood-frame house

Harvard University’s Center for Green Buildings and Cities, in collaboration with international architecture and design firm Snøhetta, is retrofitting a wood frame house built in 1924 in what is now an historic district of Cambridge, Massachusetts. The house now serves as the Center’s headquarters.

The retrofit is intended to fulfill multiple objectives:

A focus on inefficient existing buildings. In the United States, buildings consume around 40% of energy produced annually. This equates to more than $230 billion spent annually by property owners heating, cooling, and powering the nation’s 123.6 million homes. Housing consumes 18-23% of that.

A focus on using current technologies together with better design.

The use of zero energy for heating and cooling. A retrofitted building that produces more energy than it consumes.

100% natural ventilation and daylight autonomy

Zero CO2 emissions, including embodied energy in materials

A positive rather than a negative impact on the surrounding environment. A house conducive to occupant health, encouraging productivity and creativity.

Use of self-generated data that will allow the building to self-adjust. The house will adjust itself seasonally and daily to achieve thermal comfort targets.

The development of ideas and a working model that can be used by homeowners as they seek to renovate existing houses towards significant energy and carbon use improvements without costly or wasteful tear-downs.

The Center for Green Buildings and Cities will not seek any kind of independent certification, such as USGBC LEED, WELL, or Living Building certification. The intent is, rather, to exceed those standards’ criteria.

The renovation, says Ali Malkawi, professor of architectural technology and founding director of the CGBC, is guided not only by the goal of net zero energy consumption with 100% natural light and ventilation but also by the understanding that a green building is “a sustainable building, which means it has the lowest impact on its surrounding environment as possible. It might have a positive effect on its environment—the surrounding as well as the global.” Such a building is, furthermore, “healthy for its occupants” and encourages productivity and creativity.

See:

Harvard Center for Green Buildings and Cities unveils HouseZero project, an ambitious retrofit of its Cambridge headquarters” | Travis Dagenais, Harvard Graduate School of Design, 25 May 2017

Harvard’s ‘HouseZero’” | Alisha Ukani, Harvard Magazine, 3 August 2017

Future Home: HouseZero” | Harvard Center for Green Buildings and Cities”

#architecture #architecturaltechnology #buildingtechnology #technology #design #engineering #netzero #energy #resilience #CO2 #home #luxury #smartluxury #retrofit #homeownership #realestate #commercialrealestate #culturalrealestate #culturalheritage #art #collectionsmanagement #museums #galleries #snøhetta #harvard #harvardcenterforgreenbuildingsandcities #Cambridge #data #health #wellness #family

Architect Stefano Boeri-designed Liuzhou Forest City

Recognizing the capacity of trees and plants to absorb carbon pollution and the critical need for urban forests, Italian architect and urban planner Stefano Boeri has contributed to the design of Liuzhou Forest City, now under construction in China.

Intended to help provide homes for a rapidly growing population without creating more carbon pollution, the plan calls for terraced buildings with almost a million plants and 40,000 trees.

Should you have interest in tangible assets such as works of art, art collections, luxury, and/or real estate, all of which interact physically with their surroundings and all of which are affected by carbon pollution (excess of CO2), this news will be of interest.

Should you wish your tangible assets to perform at an optimal level, please feel free to be in touch.

See:

China is building a futuristic ‘forest city’ with more trees than people” | Daisy Simmons, Yale Climate Connections, 26 December 2017

#architecture #design #urbanplanning #engineering #StefanoBoeri #CO2 #carbonpollution #trees #urbanforests #resilience #luxury #urbanluxury #smartluxury #urbanliving #tangibleassets #art #artcollections #collectionsmanagement #realestate #commercialrealestate #culturalrealestate #Yale

 

issues of condition ・ too complex to be explained?

Extraordinary that there may be ” … a consensus that issues of condition, and the work of conservators, are too complex to be explained to gallery visitors as a matter of course” (Burlington Magazine, as reported by The Art Newspaper).

Physical condition is a fundamental component of value of tangible assets, inclusive of works of art, buildings, and houses.

Neither the art market nor the real estate market are “hermetically sealed,” or entirely self-sufficient, existing apart from condition, as some believe and might like to believe.

See:

How to identify a wreck” | Bendor Grosvenor, The Art Newspaper, 18 December 2017

#art #conservation #conservators #connoisseurship #collections #collectionsmanagement #condition #value #artmarket #tangibleassets #luxury #smartluxury #urbanluxury #architecture #design #engineering #resilience #CO2 #realestate #commercialrealestate #culturalrealestate