All posts in Market Analysis

michelangelo

On September 21st, Artvest attended the second annual Artelligence conference and made an enlightening speech about the state of the art fund landscape. To go deeper into the subject and discuss possible unanswered questions, here is the complete article from Artvest Fall 2011 Market Analysis on this topic. The outstanding performance of the art market […]

warhol room

With reports of robust sales from Art Basel in June and the notable success of Christie’s Post-War & Contemporary auctions in May, Contemporary Art has regained its luster as the darling of buyers who have their eyes on art as an investment. With that in mind, it is important to discuss a number of the […]

update

When US financial markets first tumbled in May and June under renewed economic uncertainty and anemic growth in the US and UK, various sectors of the art market performed as if immune to the laws of gravity. But looking beneath the surface of reported results reveals a more complicated landscape. Compare, for example, three recent […]

Screen shot 2011-09-19 at 3.03.22 PM

When US financial markets first tumbled in May and June under renewed economic uncertainty and anemic growth in the US and UK, various sectors of the art market performed as if immune to the laws of gravity. But looking beneath the surface of reported results reveals a more complicated landscape.

This article was referenced in Artvest’s Fall 2011 Market Analysis in “Astonishing Results Continue in China,” beginning on page 6. Christie’s Hong Kong’s head of Chinese ceramics Pola Antebi reflected on what went wrong: “After seeing a number of lots sold in the tens of millions of dollars for the first time [in the fall and also in New York], the expectations for these very rare and very important pieces that we did offer were the same and maybe in hindsight that wasn’t the best place to start.” Put simply, when faced with high estimates the buyers balked. “There was interest,” says Antebi, “but the estimates — the starting points — were a little too high, and that put people off.”

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