Could the art market be undergoing a fundamental restructuring? – The Art Newspaper

29 januari 2010

2010 will be a year of continued reshaping: auctions will remain smaller and private sales will be preferred by many collectors. In 2005, due to the timely convergence of several factors, the art investment story started gaining traction. A substantial increase in art prices sparked investment ambitions and led outsiders to take note. An excess of global liquidity and the allure of alternative investments combined to attract a new breed of buyer—the “investor-collector” and the “speculative-collector”. Taking stock of today’s art market, many observers are left asking (even in light of some recent high profile prices at the end of 2009): were the significant increases all hyperbole generated by a global asset bubble? If art is truly uncorrelated, as many argue, why did prices and turnover drop so precipitously during the financial market free-fall? And perhaps most important of all, has the market finally hit bottom and started to stabilise?

 

Door Judith Faber
Categorie: Nieuws | Reageer op dit bericht
Laatst bijgewerkt op dinsdag 2 februari 2010 om 20:56
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