By Andrei Skvarsky.
Oracle Capital, a global multi-family office and wealth consultancy, has launched an advisory service on the purchase and maintenance of fine art collections.
A panel of experts would advise on specific paintings and art periods and movements, and address key valuation issues such as trends, authenticity and emerging art markets, the Luxembourg-headquartered firm, which in autumn 2013 bought out Moscow-based wealth manager Third Rome, said in a statement.
The panel has been joined by James Butterwick, an expert on Russian art who in 1994 became the only foreign member of the Russian Society of Private Collectors, in 2008 became the only foreign member of the International Confederation of Antique and Art Dealers of Russia and the CIS, and in 2013 was voted into the Society of London Art Dealers.
“The launch of the service builds on the Group’s credentials as a patron of the arts and follows its sponsorship of the hugely successful Houghton Revisited exhibition that saw masterpieces by Van Dyck, Poussin, Rubens, Rembrandt and Velazquez reassembled in their spectacular original setting of Houghton Hall for the first time in over 200 years, after they were sold to Empress Catherine the Great by UK Prime Minister Sir Robert Walpole,” the statement said.
Houghton Revisited showed 18th-century paintings that belonged to Walpole, Britain’s first prime minister, and today are part of the collection of the Hermitage in St Petersburg. The exhibition took place at Houghton Hall, a Palladian mansion in Norfolk, England, last year.