2010 has been one of the most confusing, unpredictable and unexplainable years for me as an art market analyst. So many of the trends, events and fads that emerged during 2010 did not appear to be caused by the sort of conditions, have the same effects, or follow the same path of logic that one would expect they would given the way things have panned out in past years
Having focused my last few posts on the issues surrounding the questionable practices of some art auction houses, I thought it important to let people know how they can avoid becoming a victim of dirty art auction tricks and tactics. The only real way to avoid becoming a victim of the art auction houses is to ask questions and to know which questions to ask. Below is a list of questions, and the reasoning behind each question, that will ensure that you know exactly where you stand.
Not only does there seem to be the potential for art auction buyers to be influenced by incorrectly categorised and catalogued works, but apparently some auction houses now appear to conducting auctions in a manner that suggests that art buyers are unable to make decisions for themselves when buying at auction, and need to be told what they should be buying.
In my last post I detailed two definitions of contemporary art from two different contemporary art museums that challenge the rather inadequate and misleading definition of contemporary art that many auction houses seem to abide by. Even though I had found two good museum definitions of contemporary art, I continued my search to see what else I could find. And I am glad I did continue searching because I came across a particularly interesting definition of contemporary art provided by the Tate Museum
So, my last post on the issues surrounding the definition of contemporary art and the classification of works of art by auction houses created quite a storm – and rightly so. If you are still wondering why I have such an issue with the way some auctions houses categorise the works they are selling, then perhaps what I am about to show you will provide some enlightenment
A New Sentimental Art Market Era Pt. 4 -artmarketblog.com
It has been said before that nostalgia prospers during recessionary times so, considering that the western world has just begun to recover from a major recessionary period, it would make sense that the art market is trending towards a focus on the nostalgic and sentimental. The length of time that this era of sentimentality and nostalgia will last is anyone’s guess, but given that the boom lasted longer than most expected, the recovery time for the contemporary sector of the market could be just as long – except that it probably won’t be
A New Sentimental Art Market Era Pt. 3 – artmarketblog.com
If you want some further examples of the sentimental direction that the art market is beginning to take then I shall provide you with two more. The first example is the direction that the Australian Aboriginal art market has taken recently taken in response to a severe drop in prices and a major change in perception caused by several factors that I will discuss shortly. Australian Aboriginal art experienced a huge boom roughly in conjunction with the global contemporary art market boom, which saw prices for Australian Aboriginal art skyrocket, and the market for said works expand at a rapid rate. Unfortunately, that boom turned to a spectacular bust for much the same reasons and at roughly the same time that the global contemporary art market took a massive hit.
Christmas Gifts for Art Lovers 2010 – artmarketblog.com
My ‘Christmas Gifts for Art Lovers’ posts are always popular so it is with great pleasure that I present the 2010 version. Hope you find the perfect gift for the art lover in your life !!!