Please join Artvest for a curated VIP tour of the American International Fine Art Fair, led by Corfield Morris, on February 8, 2012.
Despite a handful of exceptional results, the American art market remains sluggish. Sotheby’s and Christie’s most recent sales of American art combined for a total hammer of $42,437,000 ($50,364,300 with premium), against a pre-sale estimate of $46,162,000 to $68,318,000.
As Ms. Walton considers the debut of the museum to represent the beginning of the institution’s collecting, Artvest is eager to follow the cultural implications as important works of American Art make their way to Arkansas.
This historically volatile sector of the art market has fared poorly in recent years. In contrast to many other market sectors, after a steep drop in 2009, prices for American art have remained relatively stagnant. As 2011 draws to a close, there has been little evidence that this trend is abating. American Pre-1950 Art
Are new factors at play? American Paintings have traditionally led the art market out of downturns, but not this time. Since the pullback in late 2008, the American market has yet to see any sign of recovery. Why? What is different now? There are essentially two schools of thought as to why the American market [...]