Auction Analysis

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.

Listen

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.

Listen

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.

Listen

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.

Listen

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.

Listen

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.

Listen

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.

Listen

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.

Listen

Nate Freeman – ARTnews

11 October 2017

In this week’s episode of the ArtTactic Podcast, Nate Freeman, senior staff writer at ARTnews, joins us to recap last week’s Frieze Art Fair as well as the major October contemporary auctions. First, Nate explains why this year’s edition of the fair was particularly successful for exhibiting galleries. Then, he discusses the shift in power from galleries to blue-chip artists, who are more frequently calling the shots when it comes to including their artworks in galleries’ booths. Also, for those who weren’t able to attend Frieze, Nate identifies some of the most talked about artworks from this year’s fair. Additionally, Nate shares some of the major takeaways from last week’s contemporary auctions in London and speculates where the art market stands at the end of a busy week in London.

Listen

Rob Sass – Porsche Panorama

1 September 2017

In this week’s edition of the ArtTactic Podcast, Rob Sass, editor in chief of Porsche Panorama and contributor to The New York Times, joins us to recap last week’s classic car auctions in Monterey. First, Rob explains the importance of the Monterey auctions as a barometer for the health of the classic car market. Then, he recaps some of the major takeaways from the sales and where the classic car market stands at this moment. Also, Rob talks about the expansion of the collector base over the past few years and he touches on if insiders are concerned that autonomous vehicles may negatively impact the future of the classic car market.

Listen