MENU
PERSPECTIVE
CURRENCY
INTERVIEW
CONTACTS
News

Frank-stella-and-his-black-paintings-how-much-is-art-that-hides-nothin-worth_01American artist Frank Stella (b. 1936) belongs to a small cohort of artists whose name is often included in lists of the greatest artists of the postwar period by influential art critics, museum curators, art dealers and collectors. He is one of the few living artists of this generation. The position of Frank Stella, who called to look at painting only as a flat surface with paint and not to guess any hidden meaning, limits the viewer and deprives him of the opportunity to get additional pleasure precisely from the search for meaning.

 

 

Most-expensive-words-of-christopher-wool_01Contemporary American artist Christopher Wool is one of the most famous and commercially successful representatives of word art. The peak of his popularity fell in the mid-2010s, when there was a crazy demand for his works. Word art is in no way similar to traditional painting. As a direction of conceptual art, word art began to develop since the end of the 1950s. It positions the word and text as the central element of a work of art, and sometimes as a completely self-sufficient object of visual art. So a few million dollars for a few words is a significant result. The works of very few representatives of word art were able to enter the higher price segment of the art market.

 

 

Certification-of-appraisers-for-the-title-of-WRV-WAVOTo the attention of appraisers, The Pan-Ukrainian Association of Valuation Specialists (PUAVS), which is a member of the World Association of Valuation Organizations (WAVO), certifies appraisers for the title of WRV-WAVO (World Recognized Valuer of the World Association of Valuer Organizations), which is assigned to PUAVS together with WAVO.

 

 

Aboudia-and-the-boom-in-the-ultra-modern-african-art-market_01A few years ago, a new fashion trend emerged on the world art market – ultra-modern African art (the works of young African artists under the age of 40). The art of young authors of African origin has become extremely popular after the art market recovered from the quarantine restrictions of 2020. The growing interest in this segment is due to several reasons: many collectors and art dealers wanted to dilute their collections of overly «white» and Western art with representatives of other cultures; many are drawn to the figurative art typical of African artists.

 

 

Cost-of-housing-construction-by-region-of-Ukraine-as-of-January-1-2024The Ministry for Communities, Territories and Infrastructure Development of Ukraine approved and recommended the indicators of the mediated cost of housing construction in the regions of Ukraine, calculated for January 1, 2024.

 

 

 

Thomas-kinkade-the-painter-of-light-or-the-king-of-kitsch_01Thomas Kinkade went down in history as an ambiguous personality: for millions of owners of his paintings and prints as the «The Painter of Light», for many others as an entrepreneur obsessed with profit and fame, and the creator of kitsch. There is an old saying that there is no arguing about tastes, but in reality, it is hardly possible to avoid polemics and critical attacks by representatives and connoisseurs of various areas of art against each other: in every era in art there is a certain hierarchy of genres and authors, which is a reflection of the hierarchical structure society.

 

 

Familiar-silhouette-and-a-unique-impression-the-image-of-a-horse-in-the-painting-of-susan-rotenberg-and-anatoliy-kryvolap_01The name of Anatoly Kryvolap is very familiar to the Ukrainian audience. American artist Susan Rotenberg is probably not that well known in Ukraine. What is common for two completely different modern artists? It so happened that the most famous and most recognizable series of works for both authors became a cycle of paintings in which the central figure of the horse occupies a central place – its minimalist generalized outline, which has nothing to do with the traditional animalistic genre.

 

 

Interesting-facts-from-the-modern-art-market_01The following interesting facts from the modern art market were considered in the article: the Louvre questioned the authorship of Leonardo da Vinci's most expensive painting «The Savior of the World»; new masterpieces of old masters have been found; true detective: how a Kandinsky painting was stolen from the collector and philanthropist Andrii Adamovskyi for 10 million euros; the history of fakes of the «Kneedler» gallery; a case from domestic practice: forgeries were found in the collection of «Hradobank»; the most expensive collections of works of art sold at auctions; a huge collection of the chairman of Samsung Corporation.

 

 

Women-art-and-the-art-market-gender-imbalance_01The development of gender studies and art market research in recent years has «highlighted» an important issue – the low percentage of female artists represented on the modern art market, and a significant disparity in the sales of art objects created by men and women. Historically, artistic creativity and the realization of its results on the market is a sphere dominated by men, and white men at that.

 

 

The-most-famous-modern-abstraction-from-the-underground-to-the-brand_01As you know, modern art is by no means an interior decoration. Modern art is often positioned as a social or philosophical expression, research, manifestation of social activism, search for new visual means and ways of communicating with the public. The countdown of the history of «Contemporary Art» is usually taken from the 1970s. In world art galleries and auction houses, innovative works of the post-war 1950-60s and later years are usually combined into one segment of the art market: post-war and contemporary art (Post War and Contemporary Art).

 

 

Ivsc-agm-2023-annual-general-assembly-of-the-international-assessment-standards-council_01The IVSC Annual General Meeting in Paris brought together valuation leaders and experts from around the world. In-depth discussions, proposed updates to IVS, and partnerships with European stakeholders took center stage. These discussions provided an opportunity for stakeholders to reach a consensus on many of the proposed changes, setting the stage for the anticipated release of an IVS update in January 2024. Attendees at the AGM had a unique chance to explore these proposed changes through presentations and discussions, including a public (virtual) meeting of the Standards Review Board.

 

 

Infrastructure-of-the-ukrainian-art-market-part-3-exhibitions-and-art-fairs-in-ukraineStepan Maksymov, Olena Radaeva: «Prestigious exhibition events or art fairs in large and famous museums or art centers are an important part of art marketing and influence trends in the art market and shape the tastes and perceptions of a wide range of the public. Exhibitions provide an opportunity for visitors, especially those interested in buying art, to gain information about trends and the art market and to make new contacts. In general, exhibitions are a tool of cultural and marketing communication».

 

 

Infrastructure-of-the-ukrainian-art-market-part-2-leading-ukrainian-art-dealersStepan Maksymov, Olena Radaeva: «On the modern Ukrainian art market there are quite successful dealers who have several different projects, participate in prestigious international exhibitions, auctions and fairs, open new galleries and expand the geography of their activities, and also act as initiators of projects culturally – educational in nature. All art dealers who actively participate in international events and expand their business find new buyers abroad and build their brand. The primary commercial motive is quite natural and inseparable from the activity of a professional dealer. But at the same time, the «side effect» of the gallerist’s active activity abroad is the growing awareness of the world community about Ukrainian art and Ukraine as a whole. Therefore, gallerists who reach the international level simultaneously act as cultural diplomats».

 

 

Infrastructure-of-the-ukrainian-art-market-part-1-domestic-auctions-for-the-sale-of-cultural-assetsStepan Maksymov, Olena Radaeva: «The infrastructure of the modern Ukrainian art market, as in many countries of the world with a more or less developed market for art objects, is a combination of institutions and platforms engaged in the sale of art objects and those that are not directly related sale, but are participants in this process. The latter include providers of expertise, appraisals, art insurance, art consultants, as well as various cultural institutions that can indirectly influence the market situation. Galleries and auction houses are the backbone of the art market infrastructure. It is they who provide interaction between creators, owners, sellers and buyers of works of art».

 

 

Viktor-gerasymenko-analysis-of-retrospective-yields-in-the-industrial-and-warehouse-real-estate-market-for-1998-2022-in-one-of-the-largest-metropolis-areas-in-eastern-ukraine_01The issue of determining the level of discount rates in real estate valuation has been a hot topic for appraisers, investment analysts, developers of business plans for investment projects and other market participants for over 30 years. This article presents the results of the analysis of yields in the industrial and warehouse real estate market segment (secondary market) based on historical data on the Kharkiv market for the 25 years preceding this study.

 

 

Value-of-the-seized-property_01The public organization «Pan-Ukrainian Association of Valuation Specialists» is often approached by appraisers, lawyers and other interested persons with questions about whether the market value of property subject to seizure and which must be alienated under special procedures can be determined. To clarify the question of what value should be determined when there is no essential condition in determining the market value, that each of the parties acts without coercion and there is sufficient time for the exposure of the property on the market, the Association turned to the State Property Fund of Ukraine for clarification.

 

 

Land-bank-spfu-has-launched-a-new-online-resourceThe State Property Fund of Ukraine presents a new website of the Land Bank. It includes a map of the land to be accumulated in the Land Bank and provides information on key issues. The new investment product allows Ukrainians to start their own business by leasing a land plot in a transparent and open manner via an online auction. The first auctions are expected to take place in 2024. According to preliminary estimates, the expected economic impact of transparent leasing will be up to 7 billion UAH per year.

 

 

Stepan-maksymov-olena-radaeva-polychrome-synergy-of-colors_01Color is an extremely powerful means of influencing human consciousness. In painting and other forms of art (sculpture, architecture, decorative and applied art, photography, design), color is the most sensual element that directly appeals to the eye and forms the viewer’s emotional response. The first polychrome images known to mankind date back to the Paleolithic era: the age of colorful rock paintings depicting animals in the caves of Altamira, Lascaux or Trois-Freres is more than 30 000 years old.

 

 

Stepan-maksymov-olena-radaeva-the-most-expensive-paintings-in-the-world_01Almost every year, a new price record is set at the world’s leading auctions, such as Sotheby’s, Christie’s, and Philips, and the list of the most expensive works of art is constantly being updated. The position of «Mona Lisa» by Leonardo da Vinci, which is in the Louvre and is not for sale, remains unchanged. But according to experts’ estimates, it could cost about a billion US dollars, or even more. For more than five years, the first step among the most expensive sold paintings has been occupied by another Leonardo masterpiece – «Savior of the World» (Salvator Mundi in Latin). So, let’s start the story with this canvas.

 

 

Jean-michel-basquiat-graffiti-at-the-price-of-classical-art_01Probably, no top auction of contemporary or post-war art today is complete without works by the American artist Jean-Michel Basquiat (1960-1988). His name in the global art market is synonymous with everything modern, bold and ultra-expensive. «Basquiat» is a brand that both wealthy, sophisticated collectors who buy and subsequently resell the artist's paintings for tens of millions of dollars and young middle-class people who can afford to buy a work on paper or a print are eager to join.

 

 

Ivsc-and-wavo-new-memorandum_01The International Valuation Standards Council (IVSC), the global valuation standard setter for the valuation profession, and The World Association of Valuation Organisations (WAVO), a global organisation of national valuation bodies, are strengthening continuing ties by signing a further Memorandum of Co-operation (MOC) to jointly promote the importance of adopting the international valuation standards and the promotion of training and education to enhance competency of practitioners in the valuation industry.

 

 

Vyacheslav-boyko-stepan-maksymov-the-latest-trends-in-the-world-art-market_01The art market today is very different from what it was at the end of the 20th century. A feature of today is the commercialization of the art market and the transformation of modern art into the main direction and sales leader. Sales on the art market, with the exception of the crisis years, remain mostly stably high. Of course, during global crises, the art market also experiences downturns, just like other sectors of the economy. However, it quickly revives every time and shows new price records.

 

 

Stepan-maksymov-amount-of-real-damages-due-to-damage-loss-or-destruction-of-propertyIf an estimate has been prepared for the restoration of damaged property, then the amount of damage for the restoration of such property in accordance with the Methodology for determining damage and the amount of damage caused to enterprises, institutions and organizations of all forms of ownership as a result of the destruction and damage to their property in connection with the armed aggression of the Russian Federation, and as well as lost profit from the impossibility or obstacles in the conduct of economic activity, equal to the amount of costs according to the estimate multiplied by the degree of suitability of this property to cause damage.

 

 

Stepan-maksymov-the-most-expensive-paintings-by-pablo-picasso_01Let’s consider in ascending order the most expensive works of Pablo Picasso (as of the beginning of 2023), the value of which ranges from more than 50 to 179.4 million dollars. It is interesting that the vast majority of the most expensive paintings by the artist are female images. As the British art critic Philip Hook said, it is not known whether Picasso would have been able to engage in artistic creation at all if a new female muse had not appeared in his life every 5-10 years.

 

 

Impact-of-the-war-on-the-volume-of-land-sales_01How the land market recovers from the great war. The volume of land sales has not yet approached the pre-war scale, but the market is working and gradually recovering. Where is the most expensive land right now and how does the front line affect prices.

 

 

 

Stepan-maksymov-monochrome-in-modern-art_01Monochrome (from the ancient Greek μόνος – one, χρῶμα – color) is an image in tonal gradations (transitions from light to dark) of the same color. By definition, a monochrome image contains only one shade of a particular color. For example, a picture of one cold ultramarine shade of blue is monochrome (such as Yves Klein's paintings, which will be discussed later); but a picture containing different shades of blue (say, both sky blue and blue-green) is no longer considered so.

 

 

Stepan-maksymov-forerunners-of-malevichs-black-square_01«Black Square» by the world-famous Ukrainian artist Kazimir Malevich is one of the most popular modernist paintings, the name of which is known to almost everyone. This canvas continues to amaze with its originality, shocking, simplicity and innovative approach. However, the painting of the same name does not exist in the singular – there are four black monochrome square canvases by Malevich. However, lesser known among the general public are the names of the great artist’s predecessors, who, many decades before the first Black Square (1915), also experimented with minimalist monochromatic images and surprised the 19th-century public.

 

 

Discourse-puavs-catechism-of-methodology-for-determining-damage-amount-of-damages-and-lost-profitIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of PUAVS – «Discourse PUAVS». This time we will talk about catechism of the methodology for determining the damage and the amount of damage caused to enterprises, institutions and organizations of all forms of ownership as a result of the destruction and damage of their property in connection with the armed aggression of the Russian Federation, as well as the lost profit from the impossibility or obstacles in the conduct of economic activity.

 

 

Value-of-the-land-component-in-the-value-of-real-estateUnder the comparative or income approach, the value of real estate includes the value of the rights to the land plot and the value of land improvements on it. Under the cost approach, the value of rights to a land plot is calculated separately and then added to the value of land improvements to determine the total value of the property.

 

 

Statistics-of-land-deals-during-the-war_01According to the Ministry of Agrarian Policy and  Food of Ukraine, since the launch of the land market in Ukraine, 153,659 land deals have been concluded for an area of 344,061 hectares. From the beginning of hostilities until today, 52,693 agreements have been concluded on the land market, covering an area of 99,534 hectares.

 

 

Discourse-puavs-lost-profit-and-losses-for-spcIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of PUAVS – «Discourse PUAVS». This time we will talk about the lost profit and losses for the single property complex (SPC).

 

 

Discourse-puavs-cost-of-construction-damage-to-movable-and-immovable-propertyIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of PUAVS – «Discourse PUAVS». This time we will talk about the сost of construction, damage to movable and immovable property.

 

 

Indexation-of-normative-monetary-valuation-of-lands-for-2022The State Service of Ukraine for Geodesy, Cartography and Cadastre reports on the indexation of the normative monetary valuation of lands for 2022. To date, the provision of the service for issuing extracts from technical documentation from the national (all-Ukrainian) normative monetary valuation of agricultural lands located outside the boundaries of settlements, as well as land plots located within the boundaries of settlements, is fully automated. The functionality for the automatic generation of extracts from technical documentation on the normative monetary valuation of the lands of settlements allows to calculate the normative monetary valuation of the land plots of the settlements using the software of the State Land Cadastre, provided that information about such valuation is entered into the State Land Cadastre.

 

 

Market-of-new-buildings-after-the-first-year-of-the-war_01At the end of 2022, the developers announced the resumption of work on about 70% of the construction sites. However, some market participants claim that part of the builders only imitated the work. What is happening on the market of new buildings, how the prices of builders have changed and what experts expect, the «Ministry of Finance» analyzed.

 

 

Discourse-puavs-practical-application-of-the-methodology-for-determining-damage-and-the-amount-of-damageIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of PUAVS – «Discourse PUAVS». This time we will talk about the practical application of the Methodology of determining damage and the amount of damage caused to enterprises, institutions and organizations of all forms of ownership as a result of destruction and damage to their property in connection with the armed aggression of the Russian Federation.

 

 

Discourse-puavs-actual-questions-of-valuationIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of PUAVS – «Discourse PUAVS». This time we will talk about the forms of the property valuation report, the presence of qualified signatures of the appraisers and heads of the subjects of valuation activity and the determination of damage and the amount of damage.

 

 

Inflation-index-december-and-overall-for-2022According to the State Statistics Service of Ukraine, inflation in the consumer market in December compared to November 2022 was 0.7%, for the year as a whole – 26.6%. Basic inflation in December compared to November 2022 was 0.8%, for the year as a whole – 22.6%.

 

 

Methodology-for-determining-damage-and-the-amount-of-damageThe Joint Order of the Ministry of Economy of Ukraine and the State Property Fund of Ukraine #3904/1223 of October 18, 2022 approved the Methodology for determining damage and the amount of damage caused to enterprises, institutions and organizations of all forms of ownership as a result of the destruction and damage to their property in connection with the armed aggression of Russia Federation, as well as lost profits from the impossibility or obstacles in the conduct of economic activity.

 

 

Cost-of-housing-construction-by-region-of-Ukraine-as-of-October-1-2022The Ministry for Communities and Territories Development of Ukraine approved and recommended the indicators of the mediated cost of housing construction in the regions of Ukraine, calculated for October 01, 2022.

 

 

 

Weighted-average-rate-on-the-cash-foreign-exchange-market-of-ukraine-and-its-role-in-value-assessmentCurrently, the situation in Ukraine is such that the National Bank of Ukraine fixes the exchange rate of the UAH to foreign currencies, as well as the official rate of the NBU, and allows commercial banks to independently set the ready exchange rate.

 

 

Discourse-puavs-sequence-of-carrying-out-the-impairment-testIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, The Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of the PUAVS – «Discourse PUAVS». This time we will talk about the sequence of carrying out the impairment test.

 

 

Discourse-puavs-fair-value-of-financial-instruments-in-the-accounting-records-of-banksIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, The Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of the PUAVS – «Discourse PUAVS». This time we will talk about the fair value of financial instruments in the accounting records of banks.

 

 

Discourse-puavs-assessment-of-the-fair-value-of-financial-instruments-in-banksIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, The Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of the PUAVS – «Discourse PUAVS». This time we will talk about the assessment of the fair value of financial instruments in banks.

 

 

Discourse-puavs-accounting-at-fair-valueIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, The Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of the PUAVS – «Discourse PUAVS». This time we will talk about the accounting at fair value.

 

 

Results-of-the-certification-of-appraisers-for-the-title-of-WRVThe Pan-Ukrainian Association of Valuation Specialists (PUAVS), which is a member of the World Association of Valuation Organizations (WAVO), conducted regular certification of appraisers for the title of WRV (World Recognized Valuer ), which is assigned to PUAVS together with WAVO.

 

 

Discourse-puavs-fair-and-market-valuesIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, The Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of the PUAVS – «Discourse PUAVS». This time we will talk about fair and market values.

 

 

The-aggressor-will-not-pay-the-contribution-voluntarily-war-losses-will-remain-losses-if-they-do-not-immediately-prepare-for-international-courtsThe assessment of the losses of enterprises from the aggressor's actions makes sense only if we can defend this assessment in an international court. Otherwise, we will not see the contribution. How to do this and what is needed for this, read further in Lyudmila Simonova's article. Damage assessment must take into account the requirements of international practice.

 

 

Discourse-puavs-comparative-approach-when-determining-the-value-of-real-estateIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, The Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of the PUAVS – «Discourse PUAVS». This time we will talk about the comparative approach when determining the value of real estate.

 

 

Compensation-for-damaged-or-destroyed-property-havent-officials-distributed-apartments-for-a-long-time A group of deputies headed by Olena Shulyak registered in the Council and voted the Council in the first reading the bill #7198 dated 24.03.2022 «On compensation for damage and destruction of certain categories of real estate objects as a result of hostilities, acts of terrorism, sabotage caused by the military aggression of the Russian Federation». What does this draft law propose and what provisions need to be changed?

 

 

Discourse-puavs-income-approach-when-determining-the-value-of-real-estateIn order to promptly receive answers to today's urgent questions regarding the conduct of valuation and the development of valuation activities in Ukraine, The Pan-Ukrainian Association of Valuation Specialists (PUAVS) launched a regular weekly online discussion club of the PUAVS – «Discourse PUAVS». This time we will talk about the income approach when determining the value of real estate.

 

 

Weighted-average-price-of-agricultural-land_01Since the launch of the land market in Ukraine, the weighted average price of 1 hectare of land for commercial agricultural production is 33,184 hryvnias. Since the beginning of hostilities, the price has fluctuated within 33,000 UAH/he. During the year of free sale of land, the price per hectare increased by approximately 10,000 hryvnias. This is evidenced by the updated analytical data of the online map of agricultural lands of Ukraine.

 

 
<< Первая < Предыдущая 1 2 3 4 5 6 7 8 9 10 Следующая > Последняя >>

Страница 1 из 22