A MESSAGE FROM THE LOUGHER CONTEMPORARY TEAM
A MESSAGE FROM THE LOUGHER CONTEMPORARY.
Last updated Wednesday 25 March 2020 by Huw Lougher
WHAT ARE WE DOING?
We are fully aware that these are extremely trying and worrying times for all. We are conscious that those who operate in the art market (collectors, artists, dealers, gallerists, institutions etc) are feeling the pressure either directly or through the impact the pandemic is having on their friends and families - our thoughts are with those who are sick, closed, in lock down or facing significant stress. Our client-base is truly Worldwide and we wish all our clients good health as we all work through this.
We are continuing to closely monitor developments and have taken advice from the UK government, our trade relations and our logistics partners here in the UK, and overseas, with a view to ensuring that the decisions we are making now are in the best interest for our staff, our clients and Lougher Contemporary. As this is an ongoing process that we are reviewing this every day - please check back regularly for further updates.
Whilst most of the LC team are now working remotely, we still have a presence in the gallery and are operating at full capacity and fulfilling all orders. We are increasing our communications with all our clients and closely tracking all orders until the point of delivery as we continue to service our clients to the very best of our ability. 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.
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 of course 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.
Regardless of what the near future holds for us all, the artists whose artworks we sell to you will continue to be collectable names and their artworks will continue to be actively bought and sold in the secondary market. Because of this, we believe that the editions and multiples niche of the art market will be somewhat sheltered from any significant drop in the art market, or recession in the wider economy, and the artworks that you buy from us should in fact provide a viable alternative investment to the stock market or indeed other areas of the art market that are inherently higher risk. Demand for the artists remains high and we hope you will continue to place your trust in Lougher Contemporary. We will continue to monitor the situation closely but 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.
Best wishes from the LC team.