Market Commentary

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

Ronnie Pirovino

5 November 2018

In this week’s episode of the ArtTactic Podcast, Ronnie Pirovino, who is recognized as one of the most prolific collectors of Kaws’ work, joins us ahead of Heritage Auctions’ The Toy Collection of Ronnie K. Pirovino sale on November 7th, featuring 118 lots containing Kaws toys from Ronnie’s personal collection. First, Ronnie tells us why he started collecting Kaws’ work in the early 2000s, well before there was the hype for his art that we see today. Also, he explains how he amassed such a large collection of works by Kaws during that time, when Kaws was not a part of the gallery system like traditional artists. Then, Ronnie shares what resonated so strongly with him in Kaws’ work and artist statement that motivated him to acquire hundreds of works. Next, Ronnie speaks about what is so special about the Kaws collecting community, which some have compared to a cult, and how he organically became a leader within it who has made himself accessible to others who have questions about the artist’s work. Lastly, Ronnie discusses the issue of the proliferation of bootlegs or fakes and why he wants his sale to be an opportunity for Kaws collectors to acquire works without having to worry about a questionable provenance.

Listen

Jim Hedges – Hedges Projects

16 October 2018

In this week’s edition of the ArtTactic Podcast, Jim Hedges, of Hedges Projects, joins us to discuss Outsider Art, art made by self-taught artists. First, Jim explains what art qualifies as Outsider Art and describes how it looks aesthetically. Then, he details how Outsider Art artists started being recognized even though they operated outside of the art establishment. Also, Jim discusses how the market for Outsider Art has evolved over the past few years.

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

Asher Edelman – Artemus

24 September 2018

In this week’s episode of the ArtTactic Podcast, Asher Edelman, founding member and CEO of Artemus, an art financing and leasing company, joins us to catch-up on the latest activities in the art financing space as well as discuss the current state of the art market. First, Asher reveals the increased lending activity at Artemus and speculates why he believes the art world is more receptive to art financing than it was previously. With the art market starting up again with art fairs, auctions and gallery shows after the annual summer hiatus, Asher tells us why he’s concerned about the short-term future of the art market, in large part due to non-Western collectors potentially leaving the marketplace. Also, Asher reveals why he’s tracking the number of 3rd party guarantors who are winning artworks at auction.

Listen

Hannah Elliott – Bloomberg

17 September 2018

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, the biggest event of the year in the classic car market. First, Hannah tells us about the headline grabbing 1962 Ferrari 250 GTO that sold for $48.4 million, the highest price ever for a car at auction. Hannah shares the history of the car and why it set an auction record. Then, she sets the scene for us in Monterey, explaining how many auctions occurred and how many cars were sold. Next, Hannah describes the health of the classic car market following the auctions, including which brands outperformed and which ones experienced softening. Lastly, Hannah touches on if wealthy Asian individuals are penetrating the car market, like they are the art market, how car companies are levering the auction week to debut new cars, and if we are seeing some collectors who collect both art and classic cars.

Listen

Iain Robertson – New Art, New Markets

11 September 2018

In this week’s episode of the ArtTactic Podcast, Dr Iain Robertson, head of art business at the Sotheby’s Institute of Art in London, joins us to discuss his new book, New Art, New Market, exploring several emerging contemporary art markets. First, Iain explains why he decided to write the book now and identifies which geographies he explores in the book. Then, he tells us which markets he is feeling most bullish about and which ones have him most concerned. Also, Iain discusses the extent to which western art collectors are collecting artists from emerging art markets and how that differs from a decade ago before the economic crisis. Lastly, he explains government’s ideal role in the development of a nascent contemporary art market.

Listen

Judd Tully

21 June 2018

In this week’s episode of the ArtTactic Podcast, Judd Tully, veteran art market reporter, joins us to recap last week’s edition of Art Basel. First, Judd comments on the trend seen in recent years in which several galleries are bringing high-value artworks at a level previously unseen at the fair. Then, Judd reveals if the recent and overdue commercial growth for African American and female artists continued at the fair. Also, he touches on some of the interesting topics discussed amongst insiders at the fair, including a London art advisor who has been scamming deals and advisors, the response to Art Basel Unlimited and the high degree of pre-selling that occurred before the fair. Lastly, Judd describes the current health of the contemporary art market and tells us if there is any reason for concern.

Listen

Anders Petterson and Zohar Elhanani – ArtTactic and MutualArt

15 June 2018

In this week’s episode of the ArtTactic Podcast, Anders Petterson, founder and managing director of ArtTactic, and Zohar Elhanani, CEO of MutualArt, join us to discuss the importance of data and transparency in the art market. First, Anders reflects on his experiences in the art market over the past two decades and describes the level of increased access to data and market transparency since then. After, Zohar, having a diverse background with significant experience outside of the art world, explains what the art world can learn from other industries who have experienced transformations in how data is leveraged. Then, they identify what kind of additional data and improved transparency the market is seeking. Also, they touch on ArtTactic and MutualArt’s new partnership surrounding involving advanced analytics to participants in ArtTactic’s ArtForecaster competitions.

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