‘What Next?’ an Uncertain Art World Asks, Sticking to Proven Brands

LONDON — The art market is almost as old as art itself. But it’s only in the last decade or so, with increased globalization, digitization and the rise of art as a multibillion-dollar investment vehicle, that the market has been viewed as an industry. And where there is industry, conferences are sure to follow. On […]

For Art Dealers, the Place to Be Is Still London

These are early days, but the Hieronymus Bosch vision of a socioeconomic apocalypse that many feared would follow Britain’s June 23 vote to leave the European Union has yet to materialize.  True, the pound has lost about 10 percent of its value against other major currencies, and a huge amount of political uncertainty still remains, […]

Defying Fears of a Cooling Market

“Buy the best, forget the rest” has become the conventional wisdom for collectors in today’s investment-minded art market. But what does “the best” mean? Clearly it meant different things to the 77,000 people who flocked to Art Basel Miami Beach this month. The fair, the last major event of 2015 for the hectic contemporary art […]

Emerging Art Cools Down

LONDON — The art market is a notoriously opaque business. And over the past couple of years the highly speculative trade in emerging artists has given off plenty of heat. In 2014, recently made works by young abstract painters like Oscar Murillo, Lucien Smith, Alex Israel, Mark Flood and Christian Rosa were being “flipped” at […]

Art Market Bracing for an Uncertain Sales Season

LONDON — The international art market is gearing up for a hectic autumn of auctions and fairs. Trading conditions could be challenging. Shanghai’s Composite Index of Shares has lost more than 35 percent of its value since June, destabilizing stock markets across the world. Slowing growth in China has depressed oil and commodity prices, tipping […]

Scratches in the Art Market Gilding

LONDON — Sometimes art can be difficult to understand. Sometimes the art market can be even more baffling. Back in December, the contemporary dealer David Zwirnersaid in a New Yorker profile that art was “an industry in its golden age.” His point seemed to have been proven during the June 17 preview of the Art Basel fair in […]

A Shadow Market at Art Basel

BASEL, Switzerland — Art Basel, the world’s pre-eminent fair devoted to modern and contemporary works, opened its doors to V.I.P.s on Tuesday. But by then plenty of business had already been done by many of the 285 exhibiting dealers. Hundreds of thousands of digital images had been emailed to collectors, advisers and curators, giving them […]