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Saturday, March 07, 2009

Art Market Update

Landmark Paris sale raises major issues for dealers and Drouot
http://www.iht.com/articles/2009/03/06/arts/melik7.php
http://www.iht.com/indexes/special/melikian/index.php

For more than two decades, gallery attendance has been relentlessly shrinking. Strolling around a city in search of art is no longer the pleasurable pastime it used to be in major Western capitals, plagued by pollution and noise, and the rewards are scarcer. At the same time, connoisseurship recedes because the best experts are only as good as the sum total of objects on which they have trained their eyes. Rather than visiting galleries, inexperienced buyers prefer auctions, which they find less intimidating. Add the illusion that public competition guarantees a fair price, and that explains why dealers have seen the number of visitors dwindle.
- Souren Melikian

Useful links:
www.pba-auctions.com
www.sothebys.com
www.tefaf.com
www.drouot.com
www.christies.com

Great review.

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