US & European Art Market Series

Georgina Adam – The Art Newspaper

20 November 2014

In this week’s episode of the ArtTactic Podcast, Georgina Adam, editor-at-large of The Art Newspaper and columnist for the Financial Times, returns to the podcast to discuss a variety of art market topics. First, Georgina discusses auction guarantees, one of the most controversial issues within the art market at this moment.  She breaks down how the guaranteed lots performed at Christie’s and Sotheby’s and tells us how the art market in general is reacting to the inclusion of so many guarantees in last week’s contemporary sales.  Then, Georgina shares her reaction to the sixth edition of the Abu Dhabi art fair, which she attended last week. Lastly, she talks about her new book, Big Bucks: The Explosion of the Art Market in the 21st Century, which is now available for order on Amazon.com.

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Kenny Schachter

11 November 2014

In this week’s episode of the ArtTactic Podcast, dealer, curator and writer Kenny Schachter joins us to preview this week’s Contemporary auctions in New York. Kenny touches on topics including why the color red is so valuable in artworks, his interesting encounter with Oscar Murillo and the importance of quality gallery representation for young artists.  Also, Kenny previews specific lots in this week’s sales, breaking down the works and predicting how they will do at auction, including works by: Julie Mehretu, Wade Guyton, Oscar Murillo, Christopher Wool, Jasper Johns, Gerhard Richter, Cy Twombly and Lucian Freud.

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Melanie Gerlis – The Art Newspaper

23 October 2014

In this week’s edition of the ArtTactic Podcast, Melanie Gerlis, art market editor at The Art Newspaper, joins us to recap Frieze week in London. First, Melanie discusses the plethora of galleries at this year’s Frieze art fair who transformed their booths from the typical white wall spaces to unique settings to exhibit their artworks. Then, she touches on the art flipping phenomenon, specifically explaining the relationship between these buyers and galleries as well as how this dynamic has transformed as many emerging artists’ values continue to rise. Lastly, Melanie shares some of her takeaways from the major contemporary auctions that occurred during Frieze week.

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Michael Moses – Mei Moses Index

22 August 2014

In this week’s episode of the ArtTactic Podcast, Michael Moses, co-founder of Beautiful Asset Advisors and the Mei Moses Index, joins us to discuss the trend of art flipping and if it is occurring more frequently in the current art market compared to in the past. First, Michael defines two types of art flipping, one which is measured by the duration of time in which an artwork appears then re-appears at auction and the other, in which an artwork is sold at auction only a short period of time after being created. Analyzing the first type of art flipping, Michael tells us that while on average the holding period of an artwork has decreased over time, the current holding time is actually barely longer than it was over the past few years during the art market peak.

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Mary Lane – The Wall Street Journal

13 July 2014

In this week’s episode of the ArtTactic Podcast, Mary Lane, European art market reporter for The Wall Street Journal, joins us to recap last week’s London Post-War & Contemporary auctions. First, Mary identifies a trend in the marketplace that was manifested during the sales, in which collectors are more focused on acquiring artworks by younger, millenial artists, rather than lesser quality works by blue-chip artists, and explains why the marketplace reacted to this trend in a positive manner. Then, she discusses how artists, galleries, auction houses and collectors are responding to the recent phenomenon in which several born post-1980 artists are appearing at auction. Lastly, Mary details some of the major reasons why young artists are now appearing at auction at a rate far greater than in the past.

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Kenny Schachter

27 June 2014

In this week’s episode of the ArtTactic Podcast, art dealer, writer and curator, Kenny Schachter, returns to the podcast to preview the upcoming Post-War & Contemporary auctions in London. Specifically, Kenny shares his thoughts as well as his predictions for six lots upcoming at auction which are also featured in our ArtTactic Forecaster game, in which contestants play for free, predicting auction prices for artworks coming up for sale. Kenny examines and shares his prediction for Gerhard Richter’s Abstraktes Bild (Lot 12) in Sotheby’s Evening Sale, Christopher Wool’s Untitled (Lot 32) in Christie’s Evening Sale, Richard Prince’s Untitled (Four Women With Hats) (Lot 75) in Christie’s Evening Sale, David Ostrowski’s F (Gee Vaucher) (Lot 1) in Phillips’ Evening Sale, Wade Guyton’s Untitled (Lot 5) in Phillips’ Evening Sale and Lucien Smith’s Boys Don’t Cry (Lot 4) in Phillips’ Evening Sale. Lastly, Kenny touches on the significant price differential for young artists in the primary market versus the secondary market and tells us if he were advising a client, when he would and when he wouldn’t recommend bidding on artworks by these young artists at auction.

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Catherine Edelman – Catherine Edelman Gallery

4 June 2014

In this week’s edition of the ArtTactic Podcast, Catherine Edelman, founder of Catherine Edelman Gallery, a prominent, Chicago-based photography gallery, joins us to recap a few recent photography fairs as well as discuss trends occurring in the broader photography market. First, Catherine gives us a sense of the pulse of the photography market at the moment based on her recent experiences exhibiting at the AIPAD photography show and Paris Photo LA. Then, she identifies some of the visual trends she has witnessed recently from contemporary photographers, most notably the mixing of mediums from younger photographers, specifically, photography with paintings, sculpture and video. Also, Catherine interestingly discusses what she calls the “Gursky Effect”, in which the mainstream success and appeal of photographers such as Cindy Sherman, Andreas Gursky and Thomas Struth have had a positive impact on the broader photography market.

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Charlotte Burns – The Art Newspaper

26 May 2014

In this week’s edition of the ArtTactic Podcast, Charlotte Burns, US News, Market and Business Editor at The Art Newspaper, joins us to recap the May New York Post-War & Contemporary auctions. First, Charlotte shares her and others reactions to the record-setting week of auctions. Then, she discusses the story she broke regarding a Chinese businesswoman who purchased over $28 million of post-war art during the week and tells us if the week was a turning of the corner for Chinese consumption of contemporary art. Also, Charlotte touches on the plethora of guarantees at auction this season as well as the strong presence of young, born post-1980 artists and why buying works by these artists has become similar to buying tech stocks early.

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Asher Edelman – Edelman Arts

11 May 2014

In this week’s episode of the ArtTactic Podcast, Asher Edelman, founder of Edelman Arts, talks with us about next week’s post-war & contemporary auctions in New York as well as the overall contemporary art market. First, Asher identifies a few lots featured in the upcoming sales and tells us why he will be following them closely. Then, with such a plethora of auction guarantees in next week’s sales, he explains why he believes there should be more transparency for guaranteed lots, otherwise prospective bidders may begin to shy away from participating on such lots.  Also, Asher argues the broader art market is not nearly as strong as is being reported, however prices for evening sale lots have reached an unprecedented level.

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Kenny Schachter

10 May 2014

In this week’s episode of the ArtTactic Podcast, art dealer, writer and curator, Kenny Schachter, returns to the podcast to discuss the current state of the booming contemporary art market as well as preview the upcoming post-war & contemporary auctions next week in New York. First, Kenny explains that the contemporary art market is as strong as it has ever been largely due to the widening global reach of the market. Then, he tells us why he’s eagerly looking forward to seeing how Wade Guyton’s artworks perform in next week’s auctions in New York. Also, Kenny provides us with his thoughts on the young generation of artists who have experienced significant price escalations recently and why this phenomenon has reached an unprecedented territory. Lastly, Kenny describes how the contemporary art market has morphed into several micro-markets, some of which will succumb to an eventual market downturn, while others will be less impacted by one.

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