Single Owner Art Auctions Defy Downturn

Over the last few months I have noticed a particularly interesting trend emerge that says a lot about the way people perceive, and are approaching, the art market. There have been quite a few auctions of single owner collections in recent months most of which have achieved...

Rarity is Driving the Art Market

One of the trends that has emerged since the art market began to soften is the increased desirability of works of art that that have not appeared at auction for a long period of time or have never appeared at auction. Such works are usually given the term “fresh to...

Mei Moses Art Market Index Update

A tracking report on the year-to-date value of the Mei Moses All Art Index has been issued by Beautiful Asset Advisors. According to the fall art market insight report, as of 10/31/2008, the value of the index was 270.58** which, as one would expect, is down on the 2007 year...

Next Star Artist Update

Next Star Artist Update It’s been a while since I posted an update on Herb Williams who won the inaugural Next Star Artist competition so here’s the latest goss. The most exciting news is that Herb was chosen to create the album cover for the mega popular rock band The...

30 plus works including Picasso, Matisse stolen

"Several artworks including Pablo Picasso and Henri Matisse have been stolen from an exhibition at a small gallery in Berlin’s Wilmersdorf district." " The etchings, prints and sculptures included “Profil au fond noir,” a 1947 work by Picasso; “Nude in a rocking...

The Price and Value of Contemporary Art

The problem with the market for contemporary art is that the perceived value of the work by a contemporary artist (especially emerging artists) is often reliant on someone taking the risk of backing that artist which then adds credibility to their work thus prompting other...