Art Market Predictions

In the face of China’s rise to third-largest art market (slipping in ahead of an aggrieved France), Clare McAndrew, head of the Dublin-based consulting firm, Arts Economics, is “ looking at resale rights in Europe. There are real

Clare McAndrew, Photo for ARTINFO by Kip Carroll
Clare McAndrew, Photo for ARTINFO by Kip Carroll

worries in Europe. New markets like China emerging is very good for the market overall but difficult for countries, like the U.K. and France, that have been hampered by regulations and taxes. They have to compete not only against the U.S., which has fewer regulations, but also against countries, like China, that don’t have resale royalties.” (Via ARTINFO)

She also says that, as art becomes viewed more and more as a long term investment, speculators have been “shaken out.”

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Reducing Collection, Chagall, “Paris Red Sun”

Chagall Red Sun Over Paris
Marc Chagall, Red Sun Over Paris

The ad, at the back of this Summer 2010 Art News, was placed with two others under the heading ART FOR SALE.

But it stood out. It was not for Limited Edition serial artwork, nor was it placed by an artist selling their own landscapes.

It was an ad for several paintings, some of them by brand name artists: and all listed with very specific, oddly low, prices, like something you’d see on Craig’s List or EBay, only this Ed Sanders guy was selling Chagall and Miro. He was asking directly for “best offer over $50,000,” and flat out naming prices like $4,500 for Norman Rockwell’s “Football Hero”.

So I called him.

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