IFAG offers the Middle East a rare opportunity to own Australia’s most revered artist’s museum quality collections
5 March 2019
Indigenous Fine Art Gallery (IFAG) is offering Middle Eastern Bitcoin investors a unique opportunity, which has never been seen before in the market; the chance to cash convert Bitcoin in exchange for museum-quality art from Australia’s most collectable Indigenous artists.
IFAG’s point of difference is that it offers paintings from the superstars of Australian Indigenous Art for sale, most of whom are artists from the Papunya Tula Aboriginal Art Movement, widely acknowledged as the modern founders of this art genre. Artists, and rare pieces of artwork, currently for sale by IFAG include those from Clifford Possum Tjapaltjarri
(who created the artwork “Warlugulong” which sold at auction for AUD$2.4M in 2007), Emily Kame Kngwarreye and Michael Nelson Tjakamarra. These extremely rare pieces of art are usually only exhibited in Australia’s finest museums and hang in hundreds of art galleries all around the world.
Over the past 30 years, Australian Aboriginal Art has been appreciating in value at tremendous rates, at times as high as 600% per annum.
Sales have been on the increase world-wide and in the past several years new records have been set, both in Australia and internationally, for the number of paintings and the value of the paintings sold.
In the Middle East particularly, there has been incredible interest and growing demand for Australian Indigenous art, which presents the ideal opportunity to be one of the first in the Middle East to pioneer a museum quality collection from Australia’s most revered artists.
IFAG is represented by a number of Australian entrepreneurs of the Australian art scene. Initially set up as an art rental business where people could lease high-quality paintings for display in corporate boardrooms and reception areas, the partners saw IFAG as an ideal vehicle to bring inimitable pieces of artwork to the corporate world. However, after the 2008 GFC, and the corresponding downturn in the mining boom, the partners deemed that the demand for leasing art did not justify the investment made in such high-value pieces and the focus of the business changed.
“We are not aware of any other opportunity for Bitcoin investors to cash convert their Bitcoin into something so tangible, so collectable and with appreciating value as Aboriginal Art,” David Meese, an IFAG Principal and Associate, said.
The Associates have compiled their own personal portfolios by collecting only the very best artwork from the most highly credentialed Australian Indigenous artists, each painting supported by impeccable 100% Provenance and authenticity.
Typical Provenance for Indigenous Art is progressive photographic evidence of the artist creating the painting, a final photograph of the artist holding up the painting, and a Certificate of Authenticity signed by either the artist’s agent, or from the Principal of the gallery where the painting was created.
As David explained, the artwork that IFAG offers is equivalent in importance and quality to the pieces from the same artists that now hang in the National Galleries of the world.
“The artists that we offer are the highest price sellers at auction and their paintings can be found in most major art collections around the world, and most notably in Australia’s leading galleries including the National Portrait Gallery, the National Gallery of Australia in Canberra, and the National Gallery of New South Wales and Victoria,” he said.
With the cryptocurrency market so volatile, IFAG offers investors the chance to safely cash out their Bitcoin now for a very tangible investment that will appreciate in value.
“In ten years from now, most of today’s cryptocurrencies will be long gone, perhaps even Bitcoin, which will most likely be replaced with even greater revolutionary technology.”
“However, we believe that cryptocurrency and the whole Blockchain concept is here to stay and that they will play a large role in shaping the future.”
“We are willing to take the risk as early adopters in order to be part of the vanguard of Bitcoin’s success, and at the same time bring Australian Indigenous Art to new audiences who also happen to be early adopters.”