Posted on

R8 Property’s energy positive Powerhouse Telemark

Powerhouse Telemark, an energy positive (producing more energy than it consumes) 6,500-square-meter (70,000-square-foot), 11-story office building, has been commissioned by real estate developer Emil Eriksrød for the Norwegian town of Porsgrunn.

Eriksrød has commissioned the American-Norwegian architecture and design firm Snøhetta to design the building. Powerhouse Telemark is set to be completed in February of 2019.

 “The future is all about thinking big, bold, and long term,” says Snøhetta founding partner Kjetil Trædal Thorson, “and we need someone to pave the way. With its innovative solutions and design, we believe this building will inspire commercial real estate developers worldwide to push the limits of what buildings can accomplish”.

“The world needs a lot of energy-positive buildings,” observes the developer, Emil Eriksrød, CEO of R8 Property. “I hope we will be plagiarized and copied, replicated in all seven continents.”

“This building should do wonders in lowering the bar for daring to do both spectacular and environmentally forward buildings, hopefully in a combination”.


See:

“Snøhetta Designs World’s Northernmost Energy Positive Building in Norway,” Patrick Lynch, ArchDaily, 18 January 2017

“Snøhetta designs ‘potentially world-changing office building’ for small Norwegian town,” Amy Frearson, Dezeen, 19 January 2017

 

#powerhousetelemark #emileriksrød #r8property # snøhetta #porsgrunn #norway #design #architecture #engineering #realestatedevelopment #realestate #commercialrealestate #energy #energypositive #solar #solarenergy #co2 #resilience #luxury #art #artmarket #collections #collectionsmanagement #museums #newyork #berlin #milan #beijing #shanghai #hongkong #seoul #taipei #jakarta #singapore

Posted on

Mark Bradford: “Constitution IV” (2013)

Mark Bradford’s “Constitution IV” (mixed media on canvas, 2013) sold, from the collection of Fredric Brandt, plastic surgeon to the stars, for £3,778,500 at the Phillips London Contemporary Art Evening Sale of 14 October 2015. This sale set an auction record, since exceeded, for the artist.

Mark Bradford, born in Los Angeles, California in 1961, continues to live and work in Los Angeles. He has been exclusively represented by Hauser & Wirth since 2015.

Christopher Bedford, director of the Baltimore Museum of Art, considers Mark Bradford to be “the most important living abstract painter”.

The catalogue prepared by Phillips observes that “Mark Bradford’s vast tactile works characterized by their décollaged surfaces, evoke a sense of transience and instability. In compositions such as ‘Constitution IV’ however, these ideas transcend material objects and infiltrate less physical subjects consequently, indicating the fragility of seemingly solid notions.”

The essay continues, “Using printed text through his collage and décollage technique the canvas becomes a surface offering insights into further meanings and depths … Thus, the viewer is drawn into Bradford’s works in order to try and draw meaning from the myriad of letters flickering in and out of focus.”

See:

Phillips, Contemporary Art Evening Sale, London, 14 October 2015, Lot 21

“Phillips Rebounds With $48.8M Contemporary Art Haul in London, Setting Records for Bradford and Nara,” Nate Freeman, ArtNews, 14 October 2015;

“This Painting Will Put Mark Bradford among the Most Expensive Living Artists,” Nate Freeman, Artsy, 22 February 2018

 

#art #artmarket #markbradford #contemporaryart #abstraction #collection #artcollector #hauser&wirth #baltimoremuseumofart #christopherbedford #baltimore #maryland #losangeles #california #venice #luxury #newyork #paris #berlin #london #beijing #shanghai #hongkong #seoul #tokyo #taipei #jakarta #singapore #realestate #commercialrealestate

 

 

Posted on

“Suprematist Composition” (Kazimir Malevich, 1916) to be sold in May

Loïc Gouzer, Christie’s Co-Chairman of Post-War and Contemporary Art, has announced that he will be selling the painting “Suprematist Composition” (Kazimir Malevich, oil on canvas, 1916) in May. Estimate: $70 million.

“Suprematist Composition” was last sold at Sotheby’s on 3 November 2008 by the heirs of the artist (after being in the collection of the Stedelijk Museum Amsterdam for several decades). Art dealer David Nahmad purchased the painting for US $60,002,500.

Mr. Gouzer is confident of the art historic, and current market, value of this work. “‘A work like this one should be the corner stone of every major collection or museum and if the market was indexed to the art historical importance of works, then this should be a billion $ painting (although we as specialists have to sadly take into account the laws of gravity and the estimate will be in the region of $70m).'”

Sixth sense matters. “’I relate it a lot to my spearfishing—you don’t know why, but you know that if you dive now the big fish is going to come. When you’re at the surface, you don’t see anything, but you just have this instinct that it is going to happen. In art, it is the same thing—this instinct sometimes that I know a painting is going to move.’”

Company matters too. “’If you start putting works around another work, they give each other meaning. Each of the works are in dialogue, and they help each other.'”

 

See:

“Loïc Gouzer’s $70m Malevich for May,” Marion Maneker, Art Market Monitor, 10 April 2018

“The Daredevil of the Auction World,” Rebecca Mead, The New Yorker, 4 July 2016

Sotheby’s “Impressionist & Modern Art Evening Sale,” Lot No. 6, Kazimir Malevich, “Suprematist Composition,” 3 November 2008, New York

 

#art #artmarket #kazimirmalevich #christie’s #loïcgouzer #russia #suprematism #suprematistcomposition #modernism #abstraction #geneva #switzerland #vienna #austria #brittany #france #sothebys #davidnahmad #luxury #beijing #shanghai #hongkong #taipei #seoul #jakarta #singapore

Posted on

art, real estate, luxury, & global risks

“Humanity has become remarkably adept at understanding how to mitigate conventional risks that can be relatively easily isolated and managed with standard risk-management approaches. But we are much less competent when it comes to dealing with complex risks in the interconnected systems that underpin our world, such as organizations, economies, societies and the environment.

“There are signs of strain in many of these systems: our accelerating pace of change is testing the absorptive capacities of institutions, communities and individuals.

“When risk cascades through a complex system, the danger is not of incremental damage but of “runaway collapse” or an abrupt transition to a new, suboptimal status quo.”

See: “The Global Risks Report 2018, 13th Edition” | World Economic Forum (WEF); Strategic Partners: Marsh & McLennan Companies, Zurich Insurance Company; Academic Advisors: National University of Singapore, Oxford Martin School, University of Oxford, Wharton Risk Management and Decision Processes Center, University of Pennsylvania

#art #artmarket #collectionsmanagement #data #analytics #risk #riskanalysis #riskmanagement #riskmitigation #climaterisk #insurance #insurancerisk #realestate #commercialrealestate #culturalrealestate  #culturalheritage #luxury #resilience #CO2

Posted on

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

 

Posted on

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

Posted on

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

Posted on

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

Posted on

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

Posted on

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