If you are keeping up with the contemporary art industry trends, you must have heard the term “blue-chip art.” It is nothing new as a notion, but some people seem to misunderstand the whole idea. So, what is a blue-chip gallery, and what art does it exhibit? Here is everything you need to know.
What Makes Art and Galleries Blue-Chip?
Originally, the compound adjective “blue-chip” was used in a business sphere to define companies or low-risk investments that can be trusted and are not likely to fail. Later on, the term migrated to the world of art, where it started characterizing such a quality of artworks as resale ability. As a rule, this kind of art is created by prominent and best-selling masters whose pieces do not lose their value with time because art galleries, investors, and dealers are willing to pour money into them.
In this regard, a blue-chip gallery is a place focusing on this particular kind of art. Rarely can you find there something low-budget, affordable, or however you want to call it. Such galleries rely on well-established painters and sculptors as their creations will most likely bring higher and higher prices at art auctions. It is worth mentioning that blue-chip art does not imply historical, cultural, or personal importance. It is solely about the economic value and investment capabilities of art.
Many people believe that blue-chip galleries are everywhere, but it is not entirely true. Their number significantly depends on their location. Apparently, there are more such high-dollar places in cities like New York, London, Paris, and Berlin. However, the vast majority of galleries tend to exhibit fine art by both established and emerging artists.
Overall, a blue-chip gallery is more an abstract concept than a real thing. At the same time, if you get the chance to visit such a place, do not hesitate and go visit it.