Celebrities Come To Miami to Collect Art

There are quite a few people who come to Miami every year to ensure they have the finest art of the year, and they have stumbled on an art scene that is vibrant and rich in comparison to George Lindemann’s Net Worth. There are many people who come to the area to collect, and they are seen at the Basel art festival as well as shopping in the design district. This article explains how the Miami art scene is bringing in people every year who want to collect, and there are many who are seen around town looking for their next piece.

#1: Many New Artists in the Area

There are many new artists in the Miami area that are looking for a way to reach more customers, and they are often showing at Basel where all the world’s celebrities are showing up. The celebrities in the city include Orlando Bloom, Bella Thorne and Leonardo DiCaprio. They are shopping the design district, meeting with artists or shopping at Basel every year.

#2: What Is Basel?

Basel is the largest art festival in the world that takes over the city once a year. Everyone who is anyone shows up to the festival, and they are buying on the spot during the festival because that is the best place to buy art. Everyone who loves art will show up, and the festival is a party where celebrities are photographed because of the scope of the festival.

#3: Art Is Investment

The art that is bought in the city is an investment, and it is quite a lot of fun to hang in the house. Someone who has bought many art pieces will find it simple to search out a new piece they love, and there are many people who come down to Miami for their first art purchase. They are searching for what is needed to fill out their collection, and they are looking for ways to ensure they have all their money tied up in places that are stable. Art maintains value, and it rises in value over time.

The art that is purchased in the city will become part of a collection that helps every celebrity invest. The celebrities that are doing their finest work must ensure they have come to Miami to purchase a new piece of art, and they will fill their homes with pieces of art that were made by the finest new artists.

New Towering Structure to Come to Light Street?

Metropolitan Partnership Ltd.’s plans to build a 404-foot, 33-story glass building from a current Light Street parking lot have recently become revealed. The plan would call for a building layout that includes 340 apartments and 10 floors of offices on top of a 646-space parking garage. The plan for office space to be added to the $110 million apartment project was only recently included, after significant interest in office space at the new Light Street tower was raised, owned by Madison Marquette.

The Metropolitan Partnership Ltd. CEO sees the new project at 1 Light Street as part of a project to further the development of Baltimore’s growing financial district, and implied that the work here supplements what the company is doing father down the road at One Light Street. At 1 Light Street, Metropolitan is undertaking a project to convert an old Bank of America building into an apartment complex. Meanwhile, back at 1 Light Street, city officials were ecstatic to finally see something happen in the empty lot. It had been vacant with no promising future since the Southern Hotel that once stood there was demolished over a decade ago in 2000.

City design panel members discussed the future building’s stone base structure in relation of nearby buildings. They also spoke of plans to allocate an entry for trucks that service the new building directly across the metro stop on East Baltimore Street. Local leaders, as well as the Downtown Partnership, have offered strong backing for the new project at 1 Light Street.

Yet the new building at 1 Light is not the only new development in the area, nor is Metropolitan the only company bringing changes. Workshop Development, Inc., based in Baltimore, has proposed to build a 16-story building with 240 apartments and 7,000 square feet of retail where the former Della Notte once stood. Certainly it seems that Baltimore is becoming a hot spot of new building projects sprouting out of the ground, or rather, on top of formerly-empty lots.

Well Known Art Collectors in Mami

Five Prestigious Miami Art Collectors
Art Basel Miami Beach presents an exhibit of art lovers, George Lindemann, collectors, dealers and curators hailing the high standing of Miami in the art field.

1.The Margulies Collection

The Margulies Collection is exhibited in the majestic innovative Wynwood Art District. Art lovers view the finest in contemporary art, vintage art and artist eccentricities like Miami collector Martin Z. Margulies, who collected photography, installations, videos and sculptures for two decades. The collection showcases unforgettable marvels, including its towering geometric matrix and awesome cut out of an entire train.

2.The Rubell Family

The Rubell Family spreads art education through their large private contemporary art collections. The Rubell Family Collection/Contemporary Arts Foundation exalts the established and also emerging artists. The foundation received a major donation from Boston collector Kenneth L. Freed, which includes 59 sculptures and 14 works on paper by thirteen contemporary artists impacting the art world.

3.Craig Robins Collection

The Craig Robins Collection showcases high spirits of contemporary art and design. Real estate mogul Craig Robins integrates art and community by providing the public access to his collection of over 200 valuable works. The pieces revolve several times annually with selections varying from German, Mexican, Chinese and American. A few select artists such as Richard Tuttle and John Baldessari are shown permanently within the collection’s humorous presentation.

4.CIFO / Cisneros Fontanals Art Foundation

CIFO / Cisneros Fontanals Art Foundation is a non-profit organization established in 2002 by Ella Fontanals-Cisneros to support artists exploring new directions in contemporary art. CIFO cultivates cultural understanding and educational art exchanges through:

-Commission Programs
-Showcases for Latin American artists
-International Contemporary Art from the collection of Ella Fontanais-Cisnerous

5.The de la Cruz Collection Contemporary Art Space

Rosa and Carlos de la Cruz offer he de la Cruz Collection Contemporary Art Space, Miami’s only free private art collection. They also give generosity at home, where many Miamians can view this private collection by appointment. The experience moves fluorescent forms of artist Aaron Curry and continues flowing to the second story where Kathryn Andrews’ giant birthday candles convince viewers they are in a dream and forever dwarfed. At the top peak, artist Jim Hodges’ delicate floral works lie near the most incongrous massive ping-pong table completing the surreal scene.

Improving Venture Capital in Texas Leads to Booming New Jobs

The Texas CAPCO or Certified Capital Company Program had been expanding since its inception in 2005 until 2010. Seed money for new startups that would bring Texas out of the recession that was lingering in 2001, was badly needed. Only venture capitalists and angel money groups were around at this time and that just was not enough to pull Texas out of its economic funk. Post dot-com bust, these resources became risk-averse and scarcer. New funding options were badly needed. The Texas legislature answered by implementing the CAPCO programs in 2005 as an alternative funds resource for seed monies that would grow its economy and create jobs. Being a private government sponsored entity providing venture capital for entrepreneurs, growth capital was then available for small business growth in Texas.

Texas Certified Capital Companies also known as CAPCO was spearheading programs that provided venture capital to start ups to create more jobs and revenue streams for the great state of Texas. Texas entrepreneurs were pleased to find that the Texas CAPCO programs offered Premium tax credits that were defined. These tax credits were also authorized. For insurance companies, a claim may be made and an investment at a maximum of 15 percent for the allocated tax credit total.

On capitalization, a single CAPCO program is required to begin at $500,000.00 capitalization and have two principle employees with capital management experience in the angle or venture capital industry.

CAPCO participants have certification requirements to meet as well which are as follows:

  • A Texas headquartered office is required as the location for the ‘qualified businesses,’ where investments are to be placed.
  • The timeline required at year number three, 30 percent of certified funds be placed in qualified businesses and then 50 percent at year five.
  • Only a maximum of 15% of certified capital can be sunk into any one portfolio.
  • All compliance points must be met with transparency in reporting

Currently there are no applications being processed or taken by the Texas CAPCO program. The program, when funded, was invested in $87,532,258 seed monies from CAPCO with amount of follow-on capital at $108,267,035. The number of jobs that were created and retained were at 1,731 as of 2008. These types of funds support early stage businesses. When small businesses follow the program criteria they have been successful in expanding job creation and the infrastructure of further venture capital entities in the state.