DALLAS--(BUSINESS WIRE)--Allegiance Capital Corporation, a full-service investment banking firm servicing middle market companies worldwide, has announced its purchase of a number of works from international artist Donray. The collection, executed between 1999 and 2008, represents a large cross section of Donray’s works. Allegiance Capital plans to make some of the works available for public exhibition in Dallas and in New York later in the year.
Esteemed art critic and author Donald Kuspit describes Donray's work this way, “There is a verve, an energy, a dynamic surging gesture, violent movement, an overall vividness and vitality that places Donray’s paintings among the most interesting of what might be called post-modern expressionist painting.” Actor Johnny Depp is among the well-known names that have begun to collect Donray's works. The artist’s paintings have been shown in cities worldwide including New York, London, Washington D.C., Dallas-Fort Worth and Houston.
“People are looking for alternative investment vehicles, especially given the recent volatility of the stock market and financial institutions,” said David Mahmood, founder and chairman of Allegiance Capital. “Art is a unique investment that has proven over time to have unusual growth potential and strong staying power. We believe an artist like Donray is on the cusp of big things, and with our proven track record, we feel comfortable supporting what many other firms might consider a non-traditional investment,” he stated.
Often called an American Expressionist, Donray's works have been lauded on both sides of the Atlantic. Powerful, energetic, pulsating and sometimes dreamlike, his use of color, movement and imagery is emotional, visceral and thought-provoking. Many of his works use human and animal imagery to create moments of breathtaking lightness and transcendency and provide other moments of profound gravity and intensity. In particular, his unique technique involving acrylics and glaze provides many of his canvas works a depth not commonly found in the art world.
Donray is a painter developing an increasingly strong reputation for his dynamic and compelling post-modern works. Mahmood commented, “We are delighted to support this unique artist, and we believe it's only a matter of time before his evocative and beautiful work finds even greater public support.”
David Gilchrist, an attorney and collector of several of Donray's pieces, said, "I can't think of a single person who has seen his paintings who hasn’t had strong, positive reactions. There's something about his art that makes people take notice and react. It’s very impactful.”
Learn more about Donray by visiting http://www.donrayartist.com/.
About Allegiance Capital:
Allegiance Capital Corporation is a full-service investment banking firm specializing in the middle market (companies with revenue from $20 million to $500 million), with headquarters in Dallas and offices in New York, Minneapolis-St. Paul, Vancouver, Shanghai, Madrid and Tel Aviv. Allegiance Capital was recently named the Boutique Investment Bank of the Year by M&A Advisor. Through its worldwide network, Allegiance assists companies in every aspect of selling and financing a business, including debt restructuring, mezzanine financing, buy out management, strategic partnering, consulting and other related services. Through its newly created Special Situations group, the Company also handles financial restructuring and distressed mergers and acquisitions. For more information, refer to the company website at www.allcapcorp.com.