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Gallery Weekend Korea

  Alain Servais, Sylvain Levy, Serge Tiroche and Eunju Park Panel Talk at Gallery Weekend Korea, October 2016

"Insight" #17 - Q3 2016

Dear Friends,

The summer quarter was quiet for the contemporary art market with some anxiety building ahead of the fall season. The auctions in early October provided some respite, particularly at the top end of the market where the best works continue to be highly demanded, with traditional collectors finding competition from newer emerging market buyers. The mid-market seems quite weak however.

On the fund front, Feb 28, 2017 marks the fund's 5 year anniversary, an important milestone as it is the last day the fund can accept additional investment into the Tiroche DeLeon Collection and the first time minority investors can request redemption. As a result, we decided a few months ago to start raising liquidity and have therefore been busy over the summer planning some sales, primarily via the auction market, and primarily in the stronger parts of the art market, Asia & Africa. We placed a few works at the Sotheby's HK auctions in early October, with mixed results, and one work in the Christie's HK evening sale in November. We also placed a number of works with PIASA auction house in Paris for their 2nd African sale in November. In addition, much preparation went into planning some succesful talks I gave in Korea and Singapore in early October.

For the full report, click here.

I am available to answer any inquiries and appreciate your feedback.

Best wishes,
Serge Tiroche, co-founder

Art World Updates

Serge Tiroche spoke at two conferences in Seoul and Singapore in October. Read more... 
Artnet report on Total Sales Value of Chinese Art. Read more...
Artprice reports on China's return to the leader position as largest art market. Read more...
Africa Art Market Report
African Art Market Report 2015, including quotes from Serge Tiroche on page 22, 55. Read more...
Barneby's notes tenfold growth in value of African contemporary art. Read more... 

Residency Update

The Tiroche DeLeon and START Residency Program is teaming up with The Red House for an exciting new location for the program. First residency artists are Terrence Mushekiwa from Zimbabwe and Mario Macilau from Mozambique. Read more...
Winner Jumalon
Winner Jumalon had a successful residency which culminated in an exhibition containing a large new body of work. We interviewed him about his artistic process and experience throughtout the 3 month residency. Read more... 

Artist Spotlights

Cheng Ran
Eddy Kamuanga

Recent Loans

Ivan Pravdoliub
Installation view of "Loaded" by Pravdoliub Ivanov at Nitra Gallery, Slovakia, May 2016

Pravdoliub Ivanov, "Loaded"  @ Nitra Gallery, Nitra, Slovakia
"The Travellers" /  May 2016 - August 2016

Shilpa Gupta "I Keep Falling At You" @ ZKM, Karlsruhe, Germany.
"Sound Art. Klang als Medium der Kunst" / Long term loan

Firelei Baez, Ciguapa Pantera @ Perez Art Museum Miami, FL, USA.
"Firelei Báez: Bloodlines" / October 2015 - March 2016

Oren Eliav, Transfiguration @ Petach Tikva Museum, Petach Tikva, Israel
"Take Painting" / August 2016 - December 2016

Recent Acquisitions

Li Ming
Liu Shiyuan
Winner Jumalon
Winner Jumalon
Winner Jumalon
Winner Jumalon
Winner Jumalon
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