Whether or not the art market is a bubble that will inevitably burst is a topic of much debate for people invested (ahem) in this kind of thing. Scott Reyburn in The New York Times today questions how the art world could be, in David Zwirner’s words, “an industry in its golden age” if the stock at major auction houses around the world has fallen recently ($41 a share at Sotheby’s, Reyburn reports, down from $53 a share in January).The take away is a quote from Fabian Bocart, director of quantitative research at the art investment firm Tutela Capital, who tells Reyburn, “There’s a feeling among financial analysts that the valuations of art-related companies are peaking.” Maybe some valleys will follow these peaks? Or, as Georgina Adam wrote earlier this summer in the Financial Times, “How long can the art market boom last?”
- Which Artworks Earned the Best Returns at the May Auctions?
- Eric Fischl Ends 30-Year Relationship with Mary Boone Gallery
- 'Few Artists Have The Potential To Become Meta': At The Kitchen's Spring Gala Honoring Kim Gordon and Dan Graham
- Swann Will Auction Works from Maya Angelou's Art Collection
- The Quotable Alex Katz