Beyond Supply and Demand: How Artworks are Priced?

Posted on 2017-09-18

The pricing of artworks is not a simple matter. And while the basic economic principles of supply and demand do still apply to the art market, the factors that contribute to an artist’s “supply,” or the availability of their art for sale, and an artist’s “demand,” or how many collectors are willing to buy their […]

Why do so Many Art Galleries Lose Money?

Posted on 2015-08-04

The art business is booming, but many galleries are barely getting by. One German expert thinks he knows the answers. On Tuesday, the highly respected Wallspace gallery in Manhattan’s Chelsea neighborhood announced it would close its doors permanently on Aug. 7. The lease was up, and “it necessitated a reevaluation,” said Jane Hait, who co-founded the space with Janine […]