Art Market Recovery: Tracing Improvements

$48 Mil Head of a Muse; Raphael
$48 Mil in 2009 for Raphael's Head of a Muse

As I continue to study the art market’s very slight, but seemingly strong rebound, I will continue to compile reports which should lend insight, not only to the workings of the art market as it improves, but to trends that should grow out of this latest bubble burst. What follows are some things to look out for and what they mean for the future.

Continue reading “Art Market Recovery: Tracing Improvements”

1998 NOSE DIVE: STATS SHOW HINT OF RECOVERY

There’s a lot of talk about art market recovery, especially as generated by the auction houses. And each time a record hammer price is hit (like Tuesday’s $106.5 million Picasso’s 1932 “Nude, Green Leaves and Bust.”), the media jump on it, eager to announce that it’s a sign that the market is recovering. But we’ve really become very excited over the teeniest hint of growth, as you can see by this nifty chart that I frankensteined together from three Art Price.com charts.

ART PRICE GROWTH CHART
Only the Contemporary art market shows notable recovery

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