Comments on: Art Market Still Strong – artmarketblog.com http://www.artmarketblog.com/2008/10/20/art-market-still-strong-artmarketblogcom/ Art Market Analysis by Nic Forrest Tue, 07 Feb 2012 17:54:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sergio Uribe http://www.artmarketblog.com/2008/10/20/art-market-still-strong-artmarketblogcom/#comment-1632 Sergio Uribe Wed, 22 Oct 2008 14:06:13 +0000 http://artforprofits.wordpress.com/?p=1072#comment-1632 Hi Saul: I always read your articles with a lot of interest. I work as a private art dealer and consultant. One of my best sales argument for the time being is what remains a fact: that it is safer to invest in art, than to invest in the stock market. This is a very good opportunity to buy good works of art for affordable prices. Someone out there is very interested in creating fear in every field..unfortunately they are succeeding. Let's not echo this fear of which someone will surely have a profit. Thanks for your interesting feedback... Hi Saul:

I always read your articles with a lot of interest. I work as a private art dealer and consultant. One of my best sales argument for the time being is what remains a fact: that it is safer to invest in art, than to invest in the stock market.
This is a very good opportunity to buy good works of art for affordable prices.
Someone out there is very interested in creating fear in every field..unfortunately they are succeeding. Let’s not echo this fear of which someone will surely have a profit.
Thanks for your interesting feedback…

]]> By: artforprofits http://www.artmarketblog.com/2008/10/20/art-market-still-strong-artmarketblogcom/#comment-1631 artforprofits Mon, 20 Oct 2008 22:09:50 +0000 http://artforprofits.wordpress.com/?p=1072#comment-1631 HI Saul, Thanks for the comment. I think that it will be at least six months before the true state of the art market can be determined. I think that it is pretty safe to say that the end of year auctions will continue to be far from successful but will continue to show a trend towards a focus on the highest quality and most desirable works of art as a hedge against the volatile stock market. Hopefully by the beginning of next year people will have a much more clearer picture of what the future holds. HI Saul,

Thanks for the comment. I think that it will be at least six months before the true state of the art market can be determined. I think that it is pretty safe to say that the end of year auctions will continue to be far from successful but will continue to show a trend towards a focus on the highest quality and most desirable works of art as a hedge against the volatile stock market. Hopefully by the beginning of next year people will have a much more clearer picture of what the future holds.

]]> By: saul http://www.artmarketblog.com/2008/10/20/art-market-still-strong-artmarketblogcom/#comment-1630 saul Mon, 20 Oct 2008 19:53:40 +0000 http://artforprofits.wordpress.com/?p=1072#comment-1630 I think the proper time to comment on the "art market" will be in six months, after the full impact of this economic implosion really sinks in. right now it is too new to be felt, particularly as people are still consuming with pre-crisis appetites. this christmas season will be disastrous for retailers, more bankrupcies will ensue, and upper-middle and middle class art buyers will be feeling the full impact of their retirement funds' devaluation and switching to "economize and save" mode. what will happen is not that $100 million pieces will not sell-- they simply will not be seen on the sale floors. and the up-comers and mid-level working artists, now getting accustomed to comfortable bourgeois lifestyles, will be hurting badly. koons/hirst/prince will never admit to a fall off in sales--they have a corporate profile to maintain, after all-- and frankly they won't care, having hundreds of millions cached away. I think the proper time to comment on the “art market” will be in six months, after the full impact of this economic implosion really sinks in. right now it is too new to be felt, particularly as people are still consuming with pre-crisis appetites. this christmas season will be disastrous for retailers, more bankrupcies will ensue, and upper-middle and middle class art buyers will be feeling the full impact of their retirement funds’ devaluation and switching to “economize and save” mode.
what will happen is not that $100 million pieces will not sell– they simply will not be seen on the sale floors. and the up-comers and mid-level working artists, now getting accustomed to comfortable bourgeois lifestyles, will be hurting badly. koons/hirst/prince will never admit to a fall off in sales–they have a corporate profile to maintain, after all– and frankly they won’t care, having hundreds of millions cached away.

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