Archive for the Art Market Tag

The Art Market: Explained

I came across a funny, smart article called “A guide to the market oligopoly system”, which is a piece by Felix Salmon that uses a drawing by the artist William Powhida to deconstruct the complexities of the American art market. William Powhida, A Guide to the Market Oligopoly System. Image: reuters.com It makes interesting reading, particularly the part of the
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Go Go Gagosian: Lunch with the FT

I adore the Financial Times weekend edition, particularly its feature Lunch with the FT. Larry Gagosian. Image: nymag.com Last week, in case you missed it, mega-dealer Larry Gagosian, who was No. 1 in Art Review’s recent Power 100, had lunch with the FT’s art critic, Jackie Wullschlager. He comes across as surprisingly humble, for a man succeeding at art-world domination,
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Jeff Wall and Old Masters

Click HERE for a questionnaire with Vancouver artist Jeff Wall in this month’s issue of Frieze magazine. “I get so much from looking at great works, but some days – or even some months – I get more from not looking at them. You experience the art also by being away from it and not seeing it.” – Jeff Wall
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Christie’s CEO on Art World Recovery, Value & Investment

Edward Dolman, Christie’s International chief executive talks to the Financial Times on art world recovery, the shift eastwards and whether art is still reliable as an asset class: Click HERE to watch the short videos. It’s also interesting to note the relationship between the Rolex ads preceding each clip and the (Rolex?) watch that sits prominently on Dolman’s wrist.

$40 Million Dollar Warhol Marks The Return of the Market

Apparently, the art market has returned. Andy Warhol’s 200 One Dollar Bills. Image: nyt.com After a year of caution on the part of collectors, recent sales in New York and London have shown a dramatic return.  The other day, Sotheby’s New York sold Andy Warhol’s huge 1962 canvas 200 One Dollar Bills for $43.7 million (U.S.) – more than triple
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An Investors’ Guide to the Art Market from the NYT

The picture is bleak for art bought recently, says the New York Times. At the four auctions that Christie’s and Sotheby’s held in New York this spring, the return on 32 paintings that had been held for less than four years was a negative 16.8 percent. By contrast, the average return for 55 paintings that had been held for more
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The Recession: Best or Worst for Art?

In the current issue of VoCA’s favorite magazine, Art + Auction, Jori Finkel tries – without success – to present an opposing argument to what we have been saying for months (along with other critics, including the fabulous New Yorkers Holland Cotter and Jerry Saltz): That the economic shakedown is the best thing that could have happened to the art
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Troubled Economy: Good for Art?

Is the economic shakedown the best thing that could have happened to the art world? It seems that amid the upheaval and uncertainty, survivors will emerge and we reckon they will be old masters, mid-century and contemporary masters, as well as lesser-known, high quality works. Works that were representative of certain turns in the history of art, despite having fallen
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The Chinese Art Bubble has Burst…

..Long Live Chinese Art! Recent news articles have told of the Chinese art market suffering, falling from the dizzying heights of just a few years ago. It’s an interesting thing to witness from a truly hyped art scene where much work was awkward, and not all that great, even as it reflected political issues and the rise of the new
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Art Advisors: Where we are Headed

Four top art advisors hold a round table discussion to flesh out exactly how the recession is changing today’s art landscape: Art + Auction’s roundtable discussion. Image: artinfo.com ON ART ADVISORS: “Most people who do this are gatekeepers. They know rich people, they have some access to art, and they provide people who may be interested in collecting art with
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