• Frame & Flame
  • Posts
  • 🔥 Lots to Watch - Works of Maureen Gallace, Keltie Ferris, Nathaniel Mary Quinn, and 2 other finds

🔥 Lots to Watch - Works of Maureen Gallace, Keltie Ferris, Nathaniel Mary Quinn, and 2 other finds

Works of Maureen Gallace, Keltie Ferris, Nathaniel Mary Quinn, and 2 other finds

In partnership with

HEY Y’ALL! 🔥

Thanks for all the great feedback from the lots I shared last Wednesday!

📈 Top Picks from the Last Issue:

I’m excited to share 4 artists and lots worth checking out for this week. Plus a mystery artist report available only for referrers of Frame & Flame!*

Today's issue is brought to you by Betterment, your next-gen finance ally, revolutionizing investing, retirement, and corporate financial wellness for you and your business.

*Invite one friend with your referral link to get it: https://www.frameandflame.com/subscribe?ref=PLACEHOLDER

WORK WITH ME

Want me to work with you to source on and off-market pieces, assist with acquisitions, and help you grow your collection?

-Hunted Lots-

1) Maureen Gallace

Maureen Gallace, Pine Creek, 2024

💭My 2 Cents: "Pine Creek" is a perfect example of Gallace's work - compact at 10 x 9.02 inches, fresh off her Gladstone Gallery show, and already creating a stir with that Whitewall spotlight. Diving into the data, Gallace's market trajectory is impossible to ignore. Her average realized price skyrocketed from $6,000 in 2015 to an impressive $47,000 in 2024. That's a staggering 700% growth in under a decade! The estimate on this piece has me intrigued. At $80,000 - $100,000, it's a substantial jump from the $40,000 - $50,000 range we've seen for similar-sized works recently. It's a daring move, and I'm eager to see how collectors respond. I'd advise some caution about assuming this price leap is guaranteed, though. While Gallace's market has been robust, the link between estimate spreads and realized prices isn't ironclad (0.59 correlation with a p-value of 0.0119). There's still an element of unpredictability in play. That said, I'm optimistic about Gallace's long-term outlook. Her presence in major museum collections like the Whitney and The Art Institute of Chicago, coupled with her global appeal, provides a solid foundation for market stability. Plus, at 64, she's at a fascinating juncture in her career where collectors might be considering her legacy. In my view, "Pine Creek" represents a pivotal moment in Gallace's market. It's a litmus test for her new price point, and could signal a significant shift in her overall market valuation. The question is: are collectors ready to make that leap with her?

2) Keltie Ferris

Keltie Ferris, Buck Frenzy, 2008

💭 My 2 Cents: This 2008 piece has caught my attention. It's from right before Ferris's pivotal "Man Eaters" show at Kemper Museum, which I consider a turning point in their career. There's often a premium on early works, and I think this could be an overlooked treasure. Looking at the market data, Ferris's journey has been quite eventful. We saw average prices peak at $58,000 back in 2013, but we're looking at around $16,000 in 2024. I'm not expecting any dramatic short-term gains, but the institutional support from places like Saatchi Gallery gives me faith in the long-term outlook. The technique here - acrylic and spray paint - is classic Ferris. I'm drawn to how they merge digital aesthetics with traditional painting methods. It's a signature style that's held up well over time. I'm keeping a close eye on the recent gallery shifts. Mitchell-Innes & Nash's move to an advisory model in June could shake things up for Ferris's market. But then again, the "Spill Spell" show at Pace Prints earlier this year proved Ferris is still pushing boundaries, which I find promising. The data shows most Ferris sales landing in the $10,000 - $50,000 range, so this estimate feels spot-on. But I can't ignore the market volatility we're seeing, with a CV of 2.0 in 2024. It's a bit unpredictable out there. I'm also intrigued by the growing international interest. While the US market leads, UK collectors are making their presence felt. In my view, "Buck Frenzy" needs to be thought about carefully. The conservative estimate reflects current market conditions, but the early date and signature style could drive some competitive bidding. It's not without risk, but it could be a smart move for the right collector.

We put your money to work

Betterment’s financial experts and automated investing technology are working behind the scenes to make your money hustle while you do whatever you want.

Want to promote your business to my community of 10,000+ art collectors? Go here.

3) Nathaniel Mary Quinn

Nathaniel Mary Quinn, Stricken With Fear, 2020

💭 My 2 Cents: I've been diving deep into Nathaniel Mary Quinn's data, and his upcoming "Stricken With Fear 2020" has caught my attention. It's a key piece in Quinn's market evolution, created right before his average sold price hit that $193,000 peak in 2021. What's grabbing me is how this work showcases Quinn's signature style - those fragmented, hybrid faces using a mix of materials. It's been turning heads in the art world. The $40,000 - $60,000 USD estimate is intriguing. It's below Quinn's 2024 average of $104,000, which could signal an opportunity. But I'm cautious about the market volatility we've seen. That drop from $193,115 in 2021 to now? It's got me thinking. Quinn's market has lots of ups and downs. His sell-through rate went from 100% in 2019 to 50% in 2020 and 2021, then up to 60% this year. To me, this suggests a market still finding its feet, which could mean upside potential for collectors. His recent shows are worth noting. That Gagosian Paris solo and the "Split Face" exhibition in Florence have boosted his global profile. I think this increased exposure could drive up demand, potentially pushing this piece above estimate. But let's talk risks. Quinn's total sales volume has been all over the place - $736,000 in 2019, down to $30,000 in 2020, then back up to $312,000 this year. It's a reminder of market unpredictability. On the flip side, Quinn's collector base is impressive. When you've got Elton John and Anderson Cooper buying, plus acquisitions by the Whitney and Art Institute of Chicago, it says a lot about an artist's staying power.

4) Ida Ekblad

Ida Ekblad, THE BUTT AND OYSTER, 2024

💭 My 2 Cents: Ekblad's "THE BUTT AND OYSTER" is a fresh 2024 piece that's got me intrigued. At 9,000 - 12,000 USD, it's in that sweet spot where seasoned collectors and newcomers alike might jump in. I'm seeing a potential opportunity here, especially when you consider Ekblad's trajectory. Looking at her market data, there's a clear upward trend. Her average prices have been climbing, with a significant jump in 2024 - we're talking a 125% year-over-year growth. Now, let's talk about this specific piece. It's oil on Dibond, which is a bit different from her usual canvas works. I've noticed her more experimental pieces tend to perform well at auction. Remember that glass sculpture series from her "ACTIVATED SLUDGE" show? Collectors ate that up. But I'm not just looking at the numbers. Ekblad's got serious artistic chops. She's been shown at Kunsthaus Zürich, KODE Art Museum, and even got a permanent installation at Kistefos. That institutional backing gives her market some real stability. However, there are some risks to consider. Her market's still relatively young, and we've seen some volatility. The coefficient of variation in her prices has fluctuated quite a bit year to year. Plus, while paintings are her strongest category, averaging around 23,000 USD, this estimate is on the lower end. It could be a chance to get in at a good price, but it might also indicate a less sought-after work. I'm also keeping an eye on how her different series perform. Her more abstract, energetic pieces tend to do well. One thing that excites me is Ekblad's way of combining different fields. Her SCHLOSS project blends visual art and music, showing a trend where artists go beyond their usual limits. This kind of creativity can attract more collectors. In the end, I see this lot as a solid entry point for Ekblad's work. The estimate feels conservative given her recent performance, but that could work in a buyer's favor. It's a chance to grab a piece by an artist who's clearly on the rise, backed by strong institutions, with room for further growth.

-Whenever You Are Ready-

Here are 3 ways I can help you:​

  1. Want me to work with you to source on and off-market pieces, assist with acquisitions, and help you grow your collection? Book a call

  2. Get in front of my audience - With more than 10,000+ newsletter subscribers and 200k+ Instagram followers, my team and I work with dozens of partners in unique ways to help them grow. Interested in a partnership, tap here.

  3. Interested in selling works from your collection? I'll help you connect with buyers from the Frame&Flame Community.

See you next Wednesday!

-Alvaro (@theartmarketguy)

Find Me On LinkedIn

P.S. Wanna get your product or service in front of my audience, start here
P.P.S I'd love your feedback. Tap the poll below or reply to this email.

What'd you think of today's newsletter?

Login or Subscribe to participate in polls.