Comments on: Trophy Sellers Endanger Art Auction Results – artmarketblog.com http://www.artmarketblog.com/2008/11/03/trophy-sellers-endanger-art-auction-results-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: artforprofits http://www.artmarketblog.com/2008/11/03/trophy-sellers-endanger-art-auction-results-artmarketblogcom/#comment-1684 artforprofits Tue, 04 Nov 2008 01:55:49 +0000 http://artforprofits.wordpress.com/?p=1162#comment-1684 Hi Canvas Wall Art, thanks for the comment. The thought of all those cocky hedge fund manages and investment bankers losing their money is rather gratifying but it would have been better for the art market if they had lost their money a little more slowly Nick Hi Canvas Wall Art, thanks for the comment. The thought of all those cocky hedge fund manages and investment bankers losing their money is rather gratifying but it would have been better for the art market if they had lost their money a little more slowly

Nick

]]> By: artforprofits http://www.artmarketblog.com/2008/11/03/trophy-sellers-endanger-art-auction-results-artmarketblogcom/#comment-1683 artforprofits Tue, 04 Nov 2008 00:03:15 +0000 http://artforprofits.wordpress.com/?p=1162#comment-1683 Hi Adam, I certainly think that the market shows characteristics of a bubble but I don't like the idea of the market bubble because it suggests that a sudden and debilitating crash will always follow a bubble which is not the case. Nick Hi Adam,

I certainly think that the market shows characteristics of a bubble but I don’t like the idea of the market bubble because it suggests that a sudden and debilitating crash will always follow a bubble which is not the case.

Nick

]]> By: dawn hilton http://www.artmarketblog.com/2008/11/03/trophy-sellers-endanger-art-auction-results-artmarketblogcom/#comment-1682 dawn hilton Mon, 03 Nov 2008 22:40:09 +0000 http://artforprofits.wordpress.com/?p=1162#comment-1682 @Excessively high estimates and reserves equals works being passed in or being sold for way under estimate which will make the whole art market appear to be suffering when in fact it really isn’t. Art is a product, Auction is a business, people are buyers and art is art. Some thing is only worth what some one will pay for it, no matter what the item is or the state of the economy. If it gets sold at a loss, then that is business. @Excessively high estimates and reserves equals works being passed in or being sold for way under estimate which will make the whole art market appear to be suffering when in fact it really isn’t.

Art is a product, Auction is a business, people are buyers and art is art.

Some thing is only worth what some one will pay for it, no matter what the item is or the state of the economy.

If it gets sold at a loss, then that is business.

]]> By: Swanke Gallery http://www.artmarketblog.com/2008/11/03/trophy-sellers-endanger-art-auction-results-artmarketblogcom/#comment-1681 Swanke Gallery Mon, 03 Nov 2008 20:58:02 +0000 http://artforprofits.wordpress.com/?p=1162#comment-1681 Markets go up and down all the time including the art market. The scales of the economy are meant to balance the ups and downs so we never get too high or too low in the art market. The only mistake a trophy buyer can make in purchasing art is not enough research and due diligence or trying to make a quick buck. If the trophy seller can wait until the scales are balanced again, there will be even wealthier buyers then before looking for the next trophy. Markets go up and down all the time including the art market. The scales of the economy are meant to balance the ups and downs so we never get too high or too low in the art market. The only mistake a trophy buyer can make in purchasing art is not enough research and due diligence or trying to make a quick buck. If the trophy seller can wait until the scales are balanced again, there will be even wealthier buyers then before looking for the next trophy.

]]> By: Adam http://www.artmarketblog.com/2008/11/03/trophy-sellers-endanger-art-auction-results-artmarketblogcom/#comment-1680 Adam Mon, 03 Nov 2008 18:19:20 +0000 http://artforprofits.wordpress.com/?p=1162#comment-1680 Sounds like a bubble to me! Sounds like a bubble to me!

]]> By: canvas wall art http://www.artmarketblog.com/2008/11/03/trophy-sellers-endanger-art-auction-results-artmarketblogcom/#comment-1679 canvas wall art Mon, 03 Nov 2008 15:24:17 +0000 http://artforprofits.wordpress.com/?p=1162#comment-1679 it's a bad situation. .but the thought of loaded hedge fund managers and bankers losing their money does make it all a little bit better :) it’s a bad situation. .but the thought of loaded hedge fund managers and bankers losing their money does make it all a little bit better :)

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