On receiving an email regarding the ADAA Collectors' Forum The Global Economy and the Art Market: A New Perspective in Uncertain Times it seems that judging from this collectors and dealers are definitely struggling with uncertain economic times especially in the USA.
I would suggest that it is the more unpredictable or less committed collectors that would perhaps be buying less art or being cautious. Buyer's with serious collections and knowledge would understand that this is the time when some serious bargains are to be had (and to use some economic jargon) a bit of a readjustment period.
The Art Dealers Association of America (ADAA) which is holding this forum seems to be made up some of American's oldest and established galleries and dealers with speakers from Yale, The Guggenheim Foundation and one half of Luhrig Augustine Gallery, Roland Augustine (President of the ADAA) all speaking. Clearly this is a genuine example of the seriousness in which the art market in American is taking this financial crisis. On the upside, if there is one, I hope that younger and emerging artists will benefit in more investment due to their lower prices - here's hoping.
ADAA Collectors' Forum
The Global Economy and the Art Market:
A New Perspective in Uncertain Times
Saturday, December 13, 2008 10:00 am-noonI would suggest that it is the more unpredictable or less committed collectors that would perhaps be buying less art or being cautious. Buyer's with serious collections and knowledge would understand that this is the time when some serious bargains are to be had (and to use some economic jargon) a bit of a readjustment period.
The Art Dealers Association of America (ADAA) which is holding this forum seems to be made up some of American's oldest and established galleries and dealers with speakers from Yale, The Guggenheim Foundation and one half of Luhrig Augustine Gallery, Roland Augustine (President of the ADAA) all speaking. Clearly this is a genuine example of the seriousness in which the art market in American is taking this financial crisis. On the upside, if there is one, I hope that younger and emerging artists will benefit in more investment due to their lower prices - here's hoping.
ADAA Collectors' Forum
The Global Economy and the Art Market:
A New Perspective in Uncertain Times
New York Historical Society December 13, 2008
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