ArtTactic

In this week’s episode of the ArtTactic Podcast, Katya Kazakina, art market reporter for Bloomberg News, joins us to recap last week’s major auctions in New York. First, Katya dissects the sale of Leonardo da Vinci’s Salvator Mundi, which sold for $450 million at Christie’s, including expectations leading up to the sale and certain critics calling into question the authenticity of the artwork, and then what it was like to be in the auction room during the sale of the work as well as art market insiders’ initial responses to the sale. Then, Katya identifies several reasons why the market is feeling optimistic after the buoyant auctions, including the increased presence of Asian collectors participating in the sales. Also, she discusses that while abstract art created by emerging artists performed very well over the past few years at auction, we are seeing an increasing number of figurative artworks by emerging artists doing well at auction, including Shara Hughes, Kon Trubkovich, Katherine Bernhardt, Lesley Vance and Nicole Eisenman.