The Easel

9th July 2019

Market Values

Art market theorizing on a grand scale. Prices for figurative art are currently healthy because “society wants truth from its art in a time of social distrust”. In placid times we like the ambiguity and “messiness” of abstraction. How does this view fit with Impressionism and Cubism emerging in Paris at a time of great social change? And, do New York auctions reflect the broader art world? Hmmn.

2nd July 2019

When Gekko Collects Art

The art market’s expansion is significantly due to greater participation by finance executives. They see the finance and art markets as having “similar principles of evaluation and pricing”. Their “flexible aesthetic preferences” favour contemporary art where connoisseurship plays a lesser role. Factors like “brand power” and celebrity mean the art market “increasingly resembles … professional sports.” Reasonable people may disagree.