What is the origin of the term blue-chip art? (2024)

What is the origin of the term blue-chip art?

You've heard of Blue Chip Stocks, but are you familiar with Blue Chip Art? This term was inspired by the stock market and refers to any art that's expected to increase in value, regardless of the general economic conditions. This is not about how important the art is to a collector, museum or its place in history.

Why is it called blue-chip art?

Just as blue-chip stocks refer to high-quality, reliable stocks with a history of success, blue-chip art refers to quality artwork with verified provenance, created by prominent artists with a solid history of creating artwork that becomes more valuable over time, or at least holds its value.

Why is it called blue-chip?

The term "blue chip" comes from the game of poker, where blue chips are the highest-value pieces. A company must be well-known, well-established, and well-capitalized to be a blue chip. Membership in certain stock indexes is important for determining blue chip status.

What is the difference between red-chip and blue-chip artist?

Blue-chip art vs Red-chip art

Unlike the predictability of blue-chip art, red-chip art is characterized by its unpredictability and unconventional nature. While not as established on the primary market, red-chip artists can command prices ranging from 200% to 500% of their initial value in art auctions.

What is red-chip art?

The term "red-chip art" is coined to describe the works of emerging or mid-career artists who are on the path to gaining significant recognition and popularity, yet have not ascended to the esteemed ranks of established blue-chip artists.

What is considered a blue-chip artist?

Blue Chip artists are masters whose art's value has had consistent years of sales that have been confirmed at auction. The Artprice100 is an index that lists the 100 top performing artists at auction within the last 5 years.

What does the phrase blue-chip mean?

(of a company) considered to be a safe investment for your money because it is well-established and has performed well in the past. Blue-chip also means of top quality: Even a profitable team like the Cowboys can't keep all their blue-chip players.

Who are the founders of blue-chip?

Ravi Kohli - Founder - Bluechip Capital Services Pvt.

What is a synonym for blue-chip?

blue-chip excellent first-class first-rate the best top-flight top-hole top-notch.

What are the blue chip galleries?

What is Blue-Chip Art? This generally refers to works produced by the world's most recognizable and important artists, whose pieces consistently sell for high prices and at volume. Every blue-chip artist has a well-established collector base, and their works consistently increase in value over time.

Why do artists use red?

Visibility and Contrast: Red pencils offer good visibility and contrast against a white or light-colored paper. They create a distinct mark that is easy to see, making it helpful for artists to differentiate their initial sketch from the subsequent layers of shading, details, or corrections.

How much is a blue chip?

How big a company needs to be to qualify for blue chip status is open to debate. A generally accepted benchmark is a market capitalization of $10 billion, although market or sector leaders can be companies of all sizes.

What is macaroni art?

Macaroni art, sometimes referred to as macaroni crafts or pasta art, is artwork that is made of dry macaroni or other pasta. The works commonly consist of individual pieces of macaroni glued to a surface to produce a mosaic. However, works may take the form of sculptures.

Who are the best red-chip artists?

The international mechanism of the success of 'red-chip' artists like Matthew Wong, Salman Toor, Avery Singer and Amoako Boafo, all born after 1980, has been astonishing in its celerity: in just a few months, their works have become 'essential' on the international art market.

What is SIP art?

The definition of “Sip and Paint” is literally how it sounds like; sipping on your favourite drink (or sip wine) while painting your favourite picture. It is a new common alternative that could substitute the old going-to-the-mall plan or another movie night with your buddies.

Who are the contemporary blue-chip artists?

In 2022/2023, only four Contemporary artists elicited bids above $10 million: Jean-Michel Basquiat, Jeff Koons, Yosh*tomo Nara (twice) and Christopher Wool, very few compared with the year-earlier period (2020/2021) when the $10 million threshold was crossed 26 times, notably for works by Banksy, Richard Prince, Peter ...

How can you tell if someone is an artist?

According to personality trait theories, people who are considered artistic tend to be attracted to activities that involve creativity, originality, and independence, such as singing, dancing, writing, or just expressing their uniqueness. Artistic people also tend to be more impulsive than others.

How can I tell if I am an artist?

What does blue mean in creative art?

Blue is typically a symbol of depth, stability, wisdom, faith, truth, and heaven. The negative side can be coldness, uncaring, and sadness. Purple combines the stability of blue and the fierce energy of red, creating royalty, nobility, pride, luxury, and ambition. The negative side is decadence, conceit, and pomposity.

What famous artists use blue?

The power of blue is so accepted that designers often choose the colour to decorate offices, believing research that it boosts productivity and feelings of calm. A popular pigment among painters, Pablo Picasso, Wassily Kadinsky, Yves Klein and others all chose to base many of their works on the colour.

Why is blue important in art?

In addition to representing trust, loyalty, and faith, blue is also often associated with calmness, and tranquillity.

Who coined the phrase blue chip in 1923?

The term "blue chip" originated in 1923 with Oliver Gingold, who worked on Wall Street at Dow Jones & Co. He coined the term to describe stocks with high value and potential for long-term growth.

What does chips mean in slang?

in the chips, Slang. wealthy; rich: Don't look down on your old friends now that you're in the chips. when the chips are down, in a discouraging or disadvantageous situation; in bad or pressing times: When the chips are down he proves to be a loyal friend.

What is an example sentence for blue chip?

It was seen as a blue-chip company that was bringing wealth to our area. I shall give some thoughts about the blue-chip markets and growth markets. From blue-skies research to blue-chip research is a very wide spectrum and a very long haul.

How many blue chip companies are there in the world?

There is no official list of blue chip stocks. However, generally speaking, investors consider a member of the Dow Jones Industrial Average to be among the bluest of the blue chips. There are 30 blue chip stocks using this strict measure, since there are 30 companies in the Dow Jones.