Tag: auction
2018 Art Market Report
The Future of Art
The art world is very much a product of larger socioeconomic forces that determine what gets seen, sold and valued, aesthetically as well as monetarily. In art, the long twentieth century, associated ...
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GSE Co-Director Jane Kallir on the Most-Talked-About Auction of 2017
WHAT’S WRONG WITH THIS PICTURE? Connoisseurship and the Salvator Mundi In 1987, Christie’s, London, sold a painting attributed to Egon Schiele, Youth Kneeling Before God the Father, for £557,... Read More
2017 Art Market Report
A Tale of Two Art Worlds
Our nation is divided, as are the United Kingdom and Western Europe. The election of Donald Trump, Brexit and the rise of right-wing populism across the European continent suggest that globalization h...
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Why Are the Most Expensive Artists STILL Male?
Amadeo Modigliani became the latest man to join the nine-figure club when his "Reclining Nude" sold for $170.4 million at Christie’s on November 9, 2015. Why are all the most expensive artists male?... Read More
The Taubman Test: What Does the $515 Million Auction Mean?
Sotheby’s auction of art from the estate of A. Alfred Taubman, to which the firm guaranteed $515 million, was characterized by some as a test of the art market. However, the sales on November 4 and ... Read More
Understanding the Art Market, Part II
What Do Auction Prices Really Mean?
Because auction prices are published, people often mistakenly equate them with stock prices. In truth, auctions represent only a fraction of the total art market, and the process is far from transpare...
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Understanding the Art Market, Part I
How The Market is Manipulated
Huge art prices have many people concerned that we are experiencing another art market bubble. In truth, the market is more complicated than the flashy headlines suggest...
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2014 Art Market Report
The Investment Game
The art critic and philosopher Arthur C. Danto, who died last year, was instrumental in describing and reifying the concept of the “art world”: an amalgamation of collectors, dealers, artists, cur...
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