L.A. Wildcatters, a Davos Doomsayer, the London Auctions, and the Future of the Art Market

18.02.2015
Simcho Che
Simcho Che

I am convinced that the art market is in an extended bull run the likes of which have never been seen before. Sure, nothing goes up forever, but we are experiencing fundamentals fostering the fever to buy more art at ever escalating prices. A qualified investor can bag interest rates of less than 1 percent for a 10-year fixed mortgage; oil has plummeted, squeezing the industry but fueling other businesses like automotive and aerospace; and as the euro loses ground against the dollar, it only ramps up the U.S.’s spending power.

This currency scenario could stand as an analogy for the art world, where we can experience pockets of recession in individual artists’ prices as others rise in a zero-sum knee-jerk reaction. Take, for example, Leipzig. Does anyone remember Leipzig? That school of up-to-the-minute painters selling for loads of money with accompanying waiting lists? It now accounts for no more than a string of buy-ins at an auction near you.  ... weiterlesen

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"Die Kunstwelt ist wie eine Mafia, es gibt ein ungeschriebenes Gesetz des Stillschweigens", sagt Kenny Schachter. Auf seinem Monopol-Blog bringt der britische Kunsthändler Licht ins Dunkle und macht die Mechanismen des Marktes transparent. In englischer Sprache
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