Avoiding a 2011 Art Market Armageddon – artmarketblog.com Don’t get me wrong, I am very glad that the art market has rebounded so quickly, but I am also extremely concerned about the way the art market is progressing. As I have mentioned many times before, the long term stability and viability of the art market [...]
Shrewd Art Buyer Calls First Dibs on Marini Sculpture – artmarketblog.com One of the most important aspects of successful art investment is knowing what is happening in the cultural sphere. It is the cultural sphere that will, at the end of the day, dictate the desirability and rarity of a work of art in the [...]
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.
Sold to Richard Green – artmarketblog.com While browsing through the top results of recent auctions, as provided by Sotheby’s through their press releases, I came across something that I don’t see to often – the identity of a buyer listed in the release. Usually under the heading “Buyer” there is an indication of what sort [...]
Evaluating Art Auction Results Pt. 4 – artmarketblog.com 2. Percentage of lots sold by value continued In part three of this series I looked at the first of two different methods of calculating the percentage of lots sold by value. The first method that I looked at which is calculated by using the following formula: [...]