A MESSAGE FROM THE LOUGHER CONTEMPORARY TEAM
A MESSAGE FROM LOUGHER CONTEMPORARY.
Last updated Friday 5th June 2020 by Huw Lougher.
WHAT ARE WE DOING?
Since the onset of COVID-19, we have done everything we can to ensure that we maintain our high standards of customer service. Whilst most galleries were forced to close, our online presence continued to grow. Since March we have maintained a presence in the gallery and worked hard to ensure all orders have been fulfilled, with delivery often quicker than pre-COVID-19.
Since Lougher Contemporary was founded in 2015, we have put our clients at the heart of everything we do and we are proud of the brand and the reputation in the market that we have created as a result. This remains the case today.
We have kept all our staff working as we see this as an opportunity to further improve our service to you, whether you are an existing or new client to the gallery. We are acquiring more works, improving our range of artists and artworks, and also making significant improvements in our website and internal processes. If you place your trust in us during this time, our promise to you is that you will receive an unrivalled service – we will fulfil your order as quick as we can, typically shipping within 3 working days from an order being placed, and often a lot quicker. If we can’t ship within 5 working days, we will let you know and then keep you updated until the artwork is safely in your possession.
PLACING AN ORDER?
We continue to fulfil every order that is placed through our website. If this changes, we will update this page accordingly.
For all artworks packed in-house, we will continue to use DHL, who have advised us that they are operating as normal. You should expect a 2-3 day lead time from placing an order and collection from us, unless specialised packing is required.
For artworks where we outsource packing (typically framed or over-sized works), our UK-based logistics partners Pack and Send and Flight Logistics are also operating as normal at the time of writing.
Feel free to drop us a line if you’d like to confirm the estimated date of delivery prior to ordering.
If you place your trust in us during these uncertain times, we will do everything we can to get the artwork(s) to you as soon as possible. If we face any challenge in meeting this commitment, we will of course be in contact with you straight away and advise on an estimated dispatch date and transit time. If you would prefer that we hold the artwork for you in the short or medium time, we are also able to do this free of charge.
ON A LIGHTER NOTE… OUR PREDICTIONS FOR THE ART MARKET
We don’t have a crystal ball but we do have combined experience of more than 25 years’ operating in the art market. There are many areas of the art market, each with different risk profiles and investment potential.
Lougher Contemporary specialises in editions and multiples by established contemporary artists as we value the investment potential, low risk and relative affordability this area of the market offers our clients and all art collectors or investors.
As the artists we stock are considered ‘mid-career’ or ‘blue chip’, they are all typically represented by blue chip galleries and they have an active secondary market. This helps to provide liquidity for our clients that is often lacking in other areas of the market.
We have always been confident that our niche of the art market would perform well in the face of growing uncertainty and a recession, but even we didn’t predict what has happened since March. Whilst March was quiet as we all came to terms with living with COVID-19, we started seeing a return to normal levels in April and then May 2020 was our busiest month since we started trading in January 2016, as collectors and investors turn to art.
WHY THE ART MARKET?
The reasons for this are not always clear cut but we are seeing an increasing demand in the editions market, and we are leading the way in this market, offering an increasing range of artworks by some of the most sought after artists operating today.
We believe this is being driven by a combination of factors:
- A continuation of the growth in the editions and multiples market;
- Unprecedented low interest rates;
- Significant falls and unpredictability in the stock market and other asset classes;
- Collectors having more time to research and more disposal income to buy;
- An increasing number of people looking to invest in an asset class that gives more than a financial return.
We believe that the editions and multiples niche of the art market provides a viable alternative investment to the stock market, other asset classes and indeed other areas of the art market that are inherently higher risk. Demand for the artists that we stock is increasing all the time and we continue to see on average price appreciation month on month. If you have any concerns or questions, do reach out as always, by email, Whatsapp or give us a call and we’ll be happy to help where we can.
We would like to thank you again for choosing to collect with Lougher Contemporary.