By EDEN Gallery,
Posted Apr 20, 2019 ,
In Art Blog, Dorit Levinstein, Contemporary Art, Gallery Archives, Art Auction
Eden Fine Art boasts many prominent artists in the contemporary world of art. From Mykonos to New York, Eden’s chain of premier galleries exhibits a uniquely modern approach. Art investors and art lovers alike gather to view new pieces, enjoy the lively culture, and immerse themselves in the vibrant artistic community. Since its establishment in 1997 Eden Fine Art now shows over 2000 carefully curated artworks.
As the global art market has been on the trend of positive growth, up 6% year-on-year (Art Basel & UBS Report, 2019), the contemporary art market has seen a major upsurge on investments, with some artworks rocketing in value overnight. Of the 27 international artists represented by Eden Fine Art, Alec Monopoly is one of those artists whose works have seen eye-popping returns in recent years. Last year alone Alec Monopoly’s artworks saw a 25% increase, becoming a highly sought after commodity by art patrons and investors alike.
Alec Monopoly, the assumed alias, has taken the world by storm. Originally from New York City, the now highly influential painter is recognized for his playful depictions of familiar characters from the favored transaction-based board game Monopoly.
Alec’s unique style takes inspiration from graffiti art and pop art while playfully exposing issues in our collective social culture and financial crisis. His career-making move was when he depicted Bernie Madoff as Rich “Uncle” Pennybags. Now a predominant character in many of his pieces, art patrons invest considerably into these recognizable renderings of Pennybags. Even Khloe Kardashian commissioned the signature Pennybags painted directly onto her Hermes Birkin bag.
With over 1M followers on Instagram Alec is a symbol of the luxury lifestyle that he portrays through his art. Like his predecessor Warhol, Alec is a symbol of the modern culture of celebrity glam. Also, like Warhol, his works are now considered assets with the value exponentially soaring.
With classic investments becoming ever more so erratic, investing in art is stable and has no correlation with the stock market. Investing in luxury items, such as art, also allows you to live like the stars while developing palpable monetary and expressive value.
Art can express an emotional attachment, a social commentary, and even explore the history and the related world. Alec’s particular social commentary on wealth and prosperity is one that reflects the American collective consciousness current values. With sales in the global art market in 2018 reaching $67.4 billion (The Art Market Report 2018) investing in his art is investing in a market that is steadily growing while painting a picture of this contemporary age. Of this growth, the US has consistently been one of the best performing art markets nearly doubling in size since 2009.
With contemporary art, especially, growing at record-breaking rates it is the time to invest in fine arts. Alec Monopoly’s art pieces are particularly attractive targets for investment, as there is now a growing interest in street artists and depictions of American culture.
All of his works are available to buy from Eden Fine Art galleries worldwide. Would you like to learn more about how to invest in art? Leave your info here for more information.
CONTACT AN ART ADVISOR
69x40x27 cm | 27x15x10 in
Share This Artwork
120x100x76 cm | 47x39x29 in
89x180x30 cm | 35x70x11 in
64x45x29 cm | 25x17x11 in
25x52x16 cm | 9x20x6 in
46x66x38 cm | 18x25x14 in
In the heart of Miami Beach, where the art world converges for the renowned Art Basel Miami, emerges a unique and mythical experience: "The Garden of EDEN" at EDEN Gallery Miami. To read more, click here.
Under the luminous skyline of New York City, the esteemed 5th Avenue is set to reveal its latest treasure—EDEN Gallery. To read more, click here.
Art forgery and authentication in the art world often present a mixture of fascinating skill, deceit, and dramatic revelations. To read more, click here.
In a landmark case shaping the dialogue around generative artificial intelligence and copyright law, a United States District Judge in San Francisco recently addressed a lawsuit involving artists and several AI companies. To read more, click here.
The climate crisis has recently become an urgent and pressing issue, with various groups employing diverse methods to draw attention to this global emergency. To read more, click here.
Symbolism in art represents a significant movement that arose in the late 19th century as a reaction against the literal representation of subjects, preferring to depict the ideas and emotions behind them. To read more, click here
Start your engines and prepare for an unparalleled fusion of high-speed thrill and high-stakes creativity at EDEN Gallery's Artistic Grand Prix in Las Vegas. To read more, click here.
In the art world, the intrigue surrounding the authenticity of artworks can sometimes overshadow the artwork itself. To read more, click here.
In the vast world of art, every movement brings a unique flavor to the canvas, stretching the boundaries of expression and perception. To read more, click here.
Subscribe for Exclusive Updates
Be the first to receive information about new collections, new artists, and event invitations.