Under the auspices of the Krapka Gallery project, we offer an art residency for Ukrainian artists who were forced to leave their homes due to the Russian invasion of Ukraine.
Upon completion of the residency, the artists will hold a joint exhibition called “Context”, whose theme combines a reflection on the topic of the ongoing war, as well as an analysis of the historical narrative. The authors will research the cyclical nature of historical events, the nature of hatred, the phenomenon of naturally determined dehumanization, as well as the influence of tectonic shifts in politics and culture on their personal lives.
We’d like to point out this will be the first Cyprus-based project of Ukrainian artists. You will have a rare opportunity to see the joint work of this uniquely talented group of artists, facilitated at the moment when interest in Ukrainian art in Europe is higher than at any time before.
For art collectors, for investors, as well as for those who sincerely sympathize with Ukrainian tragedy, this exhibition will be a great opportunity to make a very profitable investment in contemporary art in a wide price range. This is also the best time for novice collectors to support the artists.
According to Artprice, the French leader in art market data, in the 21st century, contemporary art has become the main driver of the growth of the global art market, generating $2 billion in revenue. And the segment has increased to 15% of the global art market against 3% in 2000. In value terms, works of contemporary art amounted to $22.7 billion over 20 years. With an auction turnover of just under $2 billion, the modern art market has overtaken both the Old Masters and 19th-century works. Moreover, the works of some contemporary artists have already been declared as “historical treasures”, which means they are as important in monetary terms as the greatest modern artists such as Monet or Picasso.
One of the primary goals of the project is charity. Victoria Velychko, the founder of the «Krapka Gallery», has been volunteering since the beginning of the war and is one of the strategic coordinators of the “CY4UA” coordination centre. 20% of the proceeds will be directed to support special initiatives in Ukraine.
According to Viktoriia, the project’s secondary goals include raising awareness for Ukrainian-made art as well as providing a platform for seasoned art collectors and novices alike to enjoy a chance to make well-timed investments.
When from Wednesday, May 25 at 6 pm till Thursday, May 26 at 8 pm
Where Gallery Morfi, Agkyras 84, Limassol 3042
Viktoria Velychko +357 96 8 555 80
With the support of the Embassy of Ukraine to the Republic of Cyprus and SPM Real Estate agency.