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1 Sept. 2016 Page: 1 Manoj Phatak, C.Eng, CITP Founder & CEO, ArtRatio Art Condition and Market Value
1Sept.2016Page: 1
Manoj Phatak, C.Eng, CITPFounder & CEO, ArtRatio
Art Condition and Market Value
1Sept.2016Page: 2
Ardabil CarpetV&A Museum,16th c. woolpile Persian rug (highly light sensitive)
Light-Sensitive Artworks
Lights activated for 10 mins every half hour
(C) Victoria & Albert Museum, licensed with kind permission
1Sept.2016Page: 3
Recent Light-Sensitive Items at Auction
Rembrandt van Rijn“The Woman With The Arrow”!1661, etching and drypoint on laid paper, touches of grey wash!Auctioned on 5 July 2016: USD 279,863
(C) Public Domain, www.wikiart.org
Johann Sebastian Bach (1685-1750)!Autograph music manuscript; Prelude, Fugue and Allegro for lute or keyboard in E flat major, BWV 998, n.d. [c.1735-1745]!Auctioned on 13 July 2016: USD 3,344,568
© CHRISTIE'S IMAGES LTD. 2016, with kind permission
1Sept.2016Page: 4
“…the condition [and provenance] of a piece can be crucial in determining its value.” !!!!!!!
Orlando Rock, Chairman, Christie’s!!
source: The Telegraph, 24 Oct 2012
1Sept.2016Page: 5
source: CIE Technical Report 157:2004 | "Control of Damage to Museum Objects By Optical Radiation”
CIE Technical Report 157
* Indigo, lake, gamboge, yellow lake, brown pink are all highly fugitive when exposed to light.
*
1Sept.2016Page: 5
source: CIE Technical Report 157:2004 | "Control of Damage to Museum Objects By Optical Radiation”
CIE Technical Report 157
* Indigo, lake, gamboge, yellow lake, brown pink are all highly fugitive when exposed to light.
*
1Sept.2016Page: 5
source: CIE Technical Report 157:2004 | "Control of Damage to Museum Objects By Optical Radiation”
CIE Technical Report 157
* Indigo, lake, gamboge, yellow lake, brown pink are all highly fugitive when exposed to light.
*
1Sept.2016Page: 5
source: CIE Technical Report 157:2004 | "Control of Damage to Museum Objects By Optical Radiation”
CIE Technical Report 157
* Indigo, lake, gamboge, yellow lake, brown pink are all highly fugitive when exposed to light.
*
1Sept.2016Page: 6
Here’s one Solution
1Sept.2016Page: 7
“Art accrues value through exposure.”!
“Thisisparticularlyimportantwithcontemporaryart,wherethereputationsoflivingartistsarestillbeingconsolidated.”
!Dr. Sarah Thornton
Author of ‘Seven Days in the Art World’
But it’s not that simple
1Sept.2016Page: 8
Exhibition of art collections (e.g.
through museums and galleries) increases their
value…
…but also increases light exposure and light damage
…which ultimately reduces
the value of the investment
Value
Exhibition
Our Hypothesis
1Sept.2016Page: 9
ArtRatio aims to balance conservation and exhibition of art
to maximise the value of the investment
Value
Our Aim
Exhibition
1Sept.2016Page: 10
Electro-Optic Display VitrinesTo reduce light damage on sensitive artworks
1Sept.2016Page: 11
Electro-Optic Display VitrinesCollection & Analysis of Conservation Data
Real Time Historical
1Sept.2016Page: 12
100lux 100lux
95%Transmission 0-50%Transmission
LightExposure=285,000lux.hrs/yr LightExposure=15,000lux.hrs/yr
NormalGlass Electro-OpticGlass
95lux 0-50lux
x3000hoursperyr x300hoursperyr
Max.Exposure=15,000lux.hrs/yr
Max.Exposure=15,000lux.hrs/yr
Existing Vitrine ArtRatio Vitrine
1Sept.2016Page: 12
100lux 100lux
95%Transmission 0-50%Transmission
LightExposure=285,000lux.hrs/yr LightExposure=15,000lux.hrs/yr
NormalGlass Electro-OpticGlass
95lux 0-50lux
x3000hoursperyr x300hoursperyr
Max.Exposure=15,000lux.hrs/yr
Max.Exposure=15,000lux.hrs/yr
Existing Vitrine ArtRatio Vitrine
1Sept.2016Page: 13
Original Torres Guitar from 1888!(Spanish Guitar Museum, Almeria)
Our Installations To Date
1Sept.2016Page: 14
Original map of the 1815 Battle of Waterloo!(Royal Engineers Museum, Kent)
Our Installations To Date
1Sept.2016Page: 15
Meet us at the:!
Art Tech Pavilion (downstairs)
