Art prices will drop by 40 percent this year as speculators leave market
- Thread starter ByLoSellHi
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Quote from nazzdack:
It should drop farther than that because a lot of that "stuff" is more illiquid than toxic debt.
You are painting the art world with a very broad brush with your statement above. If you are trying to suggest that if a work of art like Rembrandt's Night Watch was to be autioned off by the Rijksmuseum Amsterdam that it would not bring seriuos bidding, I think you are very wrong. I think there would be bidding wars to acquire it at prices above presale estimates.
However, I would agree that artists who âmass produced" will struggle as the article stated if that is what you are saying.
Quote from nazzdack:
When you hear stories about artists making sculpture out of dung and buyers clamoring for it, that will be the "final top".
this "artwork" called the top prematurely(1999).
http://www.guardian.co.uk/pictures/image/0,8543,-10704194503,00.html
It's quiet possible for a Rembrandt or another piece by a Master to sell at a discount of 33% or even 50% down.
All depends how much the previous owner paid for it.
Anyone remember the last boom and bust in the art worlk when Alan Bond bought Sunflowers for a crazy price and then had to quickly dump it.
Or it could have been a Japanese Insurance company. Whoever it was the price crashed.
All depends how much the previous owner paid for it.
Anyone remember the last boom and bust in the art worlk when Alan Bond bought Sunflowers for a crazy price and then had to quickly dump it.
Or it could have been a Japanese Insurance company. Whoever it was the price crashed.
There are some very nice pieces quietly changing hands at a discount.
Of course the masterpieces won't leave the hermetic vaults unless something catastrophic is looming, and there's always that chance.
This is a discrete buyers market for certain items if you know where and when to look.
The appraisers venues are mute but desperation and necessity flush treasures to the surface more than once in a lifetime.
Of course the masterpieces won't leave the hermetic vaults unless something catastrophic is looming, and there's always that chance.
This is a discrete buyers market for certain items if you know where and when to look.
The appraisers venues are mute but desperation and necessity flush treasures to the surface more than once in a lifetime.
The prices should drop 100%.
It's just paper and paint.
It's just paper and paint.
