In this video episode of the ArtTactic Podcast, we preview our May 2012 Indian Art Market Confidence Survey. The overall ArtTactic Indian Art Market Confidence Indicator is marginally down by 2% from October 2011. The confidence in the Indian economy has increased from 28 to 45, off-setting a 9% decrease in confidence for the Modern Indian art market, and a 24% drop for the Contemporary Indian market.
In this edition of the ArtTactic Podcast, Alexandra Peers, art market reporter for The Daily Beast and Vanity Fair, returns to recap the record-breaking sale of Edvard Munch’s The Scream. First, Alexandra provides us with the play-by-play of what transpired in the saleroom from the opening of the lot until it was finally hammered down approximately twenty minutes later. Then, she speculates on some of the candidates who may have purchased the masterpiece. Also, Alexandra compares the sale to another historic auction from 1990 which featured the sale of Van Gogh’s Portrait of Dr. Gachet. Lastly, Alexandra shares her initial reactions to the inaugural edition of Frieze New York.
In this edition of the ArtTactic Podcast, Andrew Rose, President of Art Finance Partners, returns to the podcast to update us on the art finance industry. First, given current economic and art market conditions, Andrew tells us what financing options are presently most sought after by his clients. Then, he responds to the idea that are art loans are merely personal loans secured by art as additional collateral. Lastly, Andrew shares his initial impressions of the upcoming major May auctions.
In this episode of the ArtTactic Podcast, Asher Edelman, founder and president of the art finance firm ArtAssure Ltd, returns to the podcast to share his thoughts on the current state of the art market. First, we ask Asher about his Wall Street background and what similarities exist between that world and the art market. Then, Asher discusses to what extent ArtAssure has been able to penetrate the auction guarantee market, in particular at the lower end of the market. Also, he explains why the art market has continued to perform strongly despite suspect economic outlooks for several economies.
In this episode of the ArtTactic Podcast, Josh Baer, writer and publisher of The Baer Faxt, the art industry newsletter, returns to the podcast to recap last week’s Contemporary London auctions with us. With the sales producing a cumulative total that was the second highest for London contemporary sales since June 2008, Josh shares to what extent the results aligned with the market’s expectations. Then, Josh elaborates on the impressive prices achieved by Gerhard Richter recently at auction while breaking down the artist’s market in detail. Also, he shares buyer trends from the London sales while providing his expectations for the May Contemporary sales in New York.
In this edition of the ArtTactic Podcast, Professor Michael Moses returns to the podcast to analyze the most recent Contemporary auctions from a quantitative perspective. First, Michael describes the success of the sales from a financial viewpoint, including comparing the compound annual return of repeat sale artworks from the auctions to the returns that would have been achieved if the purchasers had invested instead in the S&P 500. Also, he touches on the substantial disparity between the performance of the Evening and Day sales as well as why marking to market is the single best predictor of a work at auction which has previously sold at auction. Lastly, Michael argues why short-term trading on the art market is a losing strategy.
In this episode of the ArtTactic Podcast, Judd Tully, Editor at large of Art + Auction magazine, returns to the podcast to break down this week’s major Contemporary auctions in New York. First, Judd shares his reaction to each of the auction houses’ sales and discusses what the overall tone is within the art market after the conclusion of the auctions. Also, he examines the significant presence of 3rd party guarantees this week and speculates on the future use of such financial tools. Lastly, Judd touches on the performance of the Warhol market this past week as well to what extent the concept of art as an asset is influencing buying in the art market.
In this episode of the ArtTactic Podcast, Kelly Crow, art market reporter for the Wall Street Journal, returns to the podcast to discuss the Andy Warhol Foundation’s recent decision to dissolve the Warhol Authentication Board. First, Kelly explains the role and importance of the Warhol Authentication Board as well as the reasoning behind its closure. Then, she relays the reactions she has heard from a variety of sources within the art market. Also, she argues how this may impact the Warhol market and explains what this may mean for both dealers and auction houses. Lastly, Kelly briefly previews the upcoming contemporary auctions, which she will be live-tweeting at @KellyCrowWSJ.
In this episode of the ArtTactic Podcast, we recap last week’s major Contemporary auctions in London with Georgina Adam, editor-at-large of The Art Newspaper. In the midst of economic turmoil, Georgina analyzes the first sales of the season and provides her perspective on where the market is at the moment. Also, she dissects what type of artists are excelling as well as what artists are feeling the impact of the economy, and how this was evident last week in the differences in Sotheby’s and Christie’s sales. Finally, Georgina tells us what market expectations are for next month’s major sales in New York.
In this episode of the ArtTactic Podcast, Richard Polsky, art dealer and author of the brand new book The Art Prophets, returns to the podcast to preview his new book and provide insightful commentary on the art market. First, we ask Richard about his new book as well as what he believes prominent art dealers of the past would have thought of today’s art world. He also shares a highly entertaining anecdote he describes in his book relating to an experience at Walter De Maria’s The Lightning Field. Moving on to art market talk, Richard speculates how deteriorating economic conditions may impact the upcoming major auctions, in addition to answering a few Warhol related questions for us.