Tuesday, February 19, 2008

Things that make you go ????

Is the art sky falling?

So far the only shift dealers are reporting is in the middle market. “In the past six months, clients are no longer willing to take a chance on younger artists priced at $15,000 to $20,000,” said David Maupin of the Lehmann Maupin gallery with both Chelsea and Lower East Side premises. He reported a 50% drop in sales in that category over the past six months with buyers focusing instead on higher priced works by established artists like Tracey Emin who have had museum exhibitions. “I have far more people I can call for a $75,000 to $100,000 work than the lower-priced artists,” said Mr Maupin.
Read the Art Newspaper article here.

No comments: