Luxury fashion brands are making a splash in the art world
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Louis Vuitton reopened its refurbished flagship store in Florence in March 2019 to great fanfare from the fashion industry. The brand made great play of the fact that, alongside all the luxury apparel and accessories, the store is replete with artworks including works by Italian artists such as Osvaldo Medici del Vascello and Massimo Listri.
Luxury fashion brands have long collaborated with artists – studies have suggested that an association with art allows commercial brands to be perceived as more luxurious. The art world has long provided inspiration for designers setting out to produce something new or timeless. And, as the trend becomes more widespread, some major fashion houses have invited in street artists to help to promote their brands.
It’s now quite common to see fashion houses using art to promote their brands – whether this is through window displays, advertisements and billboards, or through in-store art exhibitions, art on the catwalks and in fashion shows. So luxury fashion brands – which know that they need a point of difference if they want to enhance the apparent exclusivity which enables them to charge higher prices for their products – are moving directly in the art field. Instead of using art for mere commercial purposes, they have started to invest conspicuously in the cultural industry.
Salvatore Ferragamo, Trussardi, Hermes, Ermenegildo Zegna, Prada and Louis Vuitton are just a few of those luxury fashion brands which are investing in art. They are collecting valuable contemporary (sometimes modern) art pieces – and, in the spirit of being authentic, they are also commissioning new pieces of art from both emerging and well-established artists.
Prada and Louis Vuitton have gone one step further – Fondazione Prada in Milan and Fondation Louis Vuitton in Paris may carry the names of fashion houses – but they are fully-fledged art galleries.
Prada’s private collection contains pieces by Jeff Koons and William N. Copley, to mention just two. The brand has also commissioned and produced pieces by artists such as Anish Kapoor and Thomas Demand, while, pieces such as “Nu bleu aux bas verts” by Henri Matisse and “Ladies and Gentlemen” by Andy Warhol are part of Fondation Louis Vuitton’s private collection.
As well as investing in art and holding exhibitions of established artists, both foundations are commissioning new work. “Inside the Horizon”, is a site-specific work by Icelandic-Danish artist Olafur Eliasson on display at Fondation Louis Vuitton.
You could almost draw comparisons with the the Medici family in renaissance Florence – the two luxury fashion houses clearly understand the enormous power that art, and culture in general, can wield in a commercial and even political context.
It appears that these companies are moving their brand image from that of the ephemeral – producing clothing and accessories and interpreting style and trends – to a more something altogether more permanent and important: that of cultural definers.
This crossover is working the other way as well. In the spring of 2017, London-based auction house Sotheby’s launched a luxury and lifestyle division that focuses on jewels, watches, cars, wine and fashion. At the same time the Sotheby’s Institute of Art in London launched “Art of Luxury”, a 15-week immersive introduction to the global industry of luxury goods and services. Course leader Federica Carlotto said:
Art and luxury have a long history of influencing each other to create timeless, aspirational experiences. From creative and editorial collaborations with artists like Salvador Dali, Cindy Sherman, Ed Ruscha and Takashi Murakami, to brand and creative directors increasingly drawing on trends and philosophy of art in their work.
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