Elitsa Ristova, No Heaven No Skies, 2020
Main reasons to invest
Return Potential📈: An investment of 500 EUR is projected to be worth approximately 1,058 EUR in 4 years.
Cost-to-Return Ratio⚖️: With just 2.8% annual total costs (including exit fees), your net profit could be an impressive 20.6% per year.
Rising Prices 🔨: The artist will be opening a museum exhibition in 2024, and it is expected that gallery prices will be increased immediately afterward. At the same time, she is already impressing with incredible auction results. The highest result is over €138,829.
Description
For the sale, the following two options are being considered:
- Private Sale: The painting is offered directly to private collectors of Ristova's works.
- Auction: The painting will be offered as a single lot at an auction for contemporary art. This option is considered if the price has developed to the point where the minimum bid matches the market value and there is high demand for works by the artist.
The Artistic Journey of Elitsa Ristova
Elitsa Ristova, born in 1991, is not just a painter but also a recent MFA graduate based in London. Her artistic focus primarily revolves around portraiture, serving as a lens through which she unveils the diverse and multifaceted nature of a 21st-century, post-pandemic city.
Roots of Artistic Passion
Hailing from a rural town in North Macedonia, Elitsa Ristova's passion for art blossomed at an early age. Encouraged by her mother, she embarked on a journey of artistic exploration through private art classes. This initial spark led her to delve even deeper into the world of visual arts at the Goce Delčev University of Štip. Seeking to broaden her artistic horizons, she eventually made the transformative decision to relocate to London, where she continued her studies at the London College of Contemporary Arts (LCCA).
A Prolific Exhibition History
Elitsa Ristova's exhibition history is marked by notable achievements. In 2021, she curated her solo show, 'Equanimity of the Mind,' as the Artist in Residence at LCCA. Furthermore, she actively participated in various group exhibitions, such as 'In a New Light,' curated by Art City Works, 'Wounds,' a collaborative exhibition and music event with BURST LDN, and 'A sea of white shirts + communicating ideas,' a group showcase hosted at LCCA.
Recognition in the Art World
In 2021, Elitsa Ristova achieved a significant milestone with her first solo exhibition, 'Equanimity of the Mind,' at the London College of Contemporary Arts as the artist in residence. Her contributions extend to diverse group exhibitions, including the noteworthy 'In A New Light' in London from August to September 2021.
Representation and Auction Debut
Currently represented by Waterhouse & Dodd in London and New York, Elitsa Ristova has solidified her presence in the art world. 'It’s just a thought' marks Ristova’s debut appearance at auction, signaling a new chapter in her artistic journey.
Art as a Transformative Odyssey
Elitsa Ristova beautifully expresses her artistic philosophy: “Through art, I embark on a transformative odyssey, unravelling the inner and outer dimensions of existence, discovering new facets of myself. It provides me with a canvas to freely express my thoughts and emotions, granting me solace and a profound connection to the world around me.”
Impressive Auction Results
One of the compelling reasons to consider Elitsa Ristova's art for investment is his consistent track record of achieving auction results that far exceed initial estimates. On average, his artwork commands prices that are 10 times higher than the estimated values, making his pieces a potentially lucrative investment opportunity.
Expert
The art investment advisors of Maddox bring together years of specialist knowledge and practical experience with objective market analysis to offer their clients quality advice and consistent returns.
