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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TREND: Street Art, Outsider Art, and URGENCY

With all the Banksy, Fairey hubub this year, all the Darger-loving last year, and the current, frequent calls by curators for art that’s made from a sense of “urgency,” I’m taking away the message that art’s new direction lies in a reaction against (<– always a good jumping off point for a convo about art) academic, heavily conceptual art on the one hand, and factory style, assistant/money-driven art on the other hand.

So, out with the Gregg Crewdson budget, the Jeff Koons assembly line, the Damien Hirst branding, and in with the heartfelt scrawls and scribbles, or hard-won wheatpaste murals.

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