Auction Analysis

Hannah Elliott – Bloomberg News

22 August 2019

In this week’s edition of the ArtTactic Podcast, Hannah Elliott, staff writer at Bloomberg News covering the luxury sector, joins us to recap the Monterey classic car auctions. First, Hannah breaks down the unfathomable auction blunder at Sotheby’s for the Porsche Type 64. Then, she recaps the overall performance of the classic car market during the week and explains why some referred to it as a bloodbath. Hannah also reveals which carmaker is frequently dominating the market and explains why Asian car collectors haven’t had an impact on the market yet.

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Jerry Wind – The Wharton School

24 July 2019

In this week’s episode, we’re joined by professor Jerry Wind, the Lauder Professor Emeritus and Professor of Marketing at The Wharton School of the University of Pennsylvania and co-author of Can Art Aid in Resolving Conflicts. First, we discuss the recent news of Sotheby’s being purchased and transforming from a publicly traded auction house to a privately owned business. Jerry explains some of the ways being a public company may have been prohibitive for Sotheby’s. Also, he shares how he envisions their business evolving. Further, Jerry tells us how Sotheby’s and its rival Christie’s may compete against each other now that both are private firms. Then, we discuss Jerry’s new book, Can Art Aid in Resolving Conflicts and he identifies some of the most notable examples of when art played a role in resolving conflicts or building bridges among opposing groups.

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Morgan Long – The Fine Art Group

23 May 2019

In this week’s episode of the ArtTactic Podcast, Morgan Long, senior director at The Fine Art Group, joins us to breakdown last week’s post-war and contemporary auctions. First, Morgan shares some of her major takeaways from this past week’s sales. Then, she identifies some of the artists who were the biggest winners and losers. Also, Morgan details the extent to which female artists are undervalued and how they used this strategy in their art investment funds. Additionally, she touches on prices for young artists, identifies the different services The Fine Art Group offers and also explains why guarantees aren’t as lucrative as they used to be.

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Anders Petterson – ArtTactic

20 December 2018

In this week’s edition of the ArtTactic Podcast, Anders Petterson, founder of ArtTactic, joins us to preview our 2018 Top Artists Report, in which we analyze and assess the top performing contemporary artists at auction by nationality, age and gender. First, Anders details the performance of the contemporary art market in 2018 and how it compared with our expectations heading into the year. Then, he identifies some of the noteworthy trends in 2018 in terms of how different artists performed at auction. Also, Anders shares some of the top performing artists during the past year, including younger artists under the age of 45.

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Nate Freeman – Artsy

20 November 2018

In this week’s edition of the ArtTactic Podcast, Nate Freeman, art market report for Artsy, joins us to recap last week’s New York contemporary auctions. First, Nate touches on David Hockney becoming the most expensive living artist with his $90.3 million sale of his Portrait of an Artist. Then, he discusses why we saw softening at the top of the market and strength in the middle market. Also, Nate breaks down the surging prices for undervalued African American artists and Kaws. Lastly, he shares the sentiment of the contemporary art market as we head towards Art Basel Miami.

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Colin Gleadell – The Daily Telegraph

10 October 2018

In this week’s episode of the ArtTactic Podcast, Colin Gleadell, art market columnist for The Daily Telegraph and art market reporter for Artnet, joins us to discuss last week’s major London contemporary auctions at Christie’s, Sotheby’s and Phillips. First, Colin recounts what it was like to be in Sotheby’s salesroom when Banksy’s Balloon with Girl self-destructed. Then, he speculates if Banksy was at the sale and if Sotheby’s was aware of the ploy. Also, Colin breaks down the auctions at Christie’s and Sotheby’s and tells us where the art market stands after the auctions.

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Kelly Crow – The Wall Street Journal

30 May 2018

In this week’s episode of the ArtTactic Podcast, Kelly Crow, reporter for The Wall Street Journal, joins us to recap the May New York Impressionist & Modern and Post-War & Contemporary auctions. First, Kelly touches on the surprising surge in prices seen at auction for artworks in the middle of the market. Then, she addresses the reasoning for the softening witnessed at the top of the market. Also, Kelly shares a few of the sales results that made her say “wow”. Then, she discusses the incredible prices achieved for the lots donated by African American artist at Sotheby’s for the Studio Museum in Harlem and if a bubble may be emerging for some of these artists. Lastly, Kelly explains why Sean Combs’ $21 million purchase of Kerry James Marshall’s Past Times may be the start of some much needed diversity in the art collecting community.

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Anders Petterson – ArtTactic

7 February 2018

In this week’s episode of the ArtTactic Podcast, Anders Petterson, founder and CEO of ArtTactic, joins us to share his insights on the art market in 2018 from ArtTactic’s brand new report, Global Art Market Outlook 2018. First, Anders recaps the performance of the art market in 2017. Then, he describes the overall sentiment in the art market as we enter 2018 and how it varies based on price point. Also, he reveals how sentiment differs for the different major regions in the global art market.

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Katya Kazakina – Bloomberg News

22 November 2017

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.

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Don Thompson – The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market

13 November 2017

In this week’s episode of the ArtTactic Podcast, Don Thompson, economist and professor of marketing and strategy at the Schulich School of Business at York University in Toronto, joins us to discuss his brand new book, The Orange Balloon Dog: Bubbles, Turmoil and Avarice in the Contemporary Art Market. First, Don discusses the significance of Jeff Koons’ Orange Balloon Dog, which appears in the title of his book, and why the sale of it exemplifies some of the key concepts in his book. Then, he discusses the idea of nudging, a behavioral science concept made famous by Richard Thaler, and how it manifests itself in the art market. Also, Don explains why he believes a bubble is brewing in the current contemporary art market. Lastly, Don speaks with us on the significance of the Leonardo da Vinci Salvator Mundi painting upcoming for auction this week in Christie’s Post-War and Contemporary sale.

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