Michael Klein – Sotheby’s

ArtTactic ยท Sotheby's Michael Klein on the Art Market during the Covid-19 Pandemic
Date
1st October 2020
Guest
Michael Klein
Market
Us_europe
Topic
,
Company
Sotheby's

In this week’s edition of the ArtTactic Podcast, Michael Klein, head of Sotheby’s Mei Moses, joins us to discuss how the art market is performing during the COVID-19 pandemic according to Sotheby’s Mei Moses index. First, Michael familiarizes us with the history Mei Moses index and explains how it works. Then, he reveals that while total auction sales are down significantly during the pandemic, the art market is actually performing better than it did last year. Michael also explains why the supply of art is down more than demand for art and the ramifications of that in the short-term and long-term. Finally, Michael tells us the truth about the trend of new millennial art collectors.

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