$2.5 Billion in Sales

According to the Wall Street Journal, New York Times, Christie’s, Sotheby’s and others, more than $2.5 billion worth of art changed hands at auction during the 2015 spring art auctions in New York.
Yes. $2.5 billion. With a B. What does that mean for the market and for you? The market has spoken, loudly and clearly, there are art buyers active and hungry to buy top works. The press has focused on the record setting Picasso and Giacometti pieces but up and down the line prices for art are at or near historic highs. Record prices were achieved for artists too numerous to keep track of. Fresh to the market pieces or pieces with a strong provenance are even more desirable. What does this mean for you? If you are a buyer there are more works coming onto the market. Opportunities abound for starting or adding to a collection. The ability to find works has never been easier. Online auctions and galleries bring the world to your door. If you are a seller there might never be a better time to liquidate. Every day we read articles about artwork and so do collectors. Are we experiencing a bubble? Will prices come back to more realistic levels? Will we look back with glee that we sold or with sadness that we didn’t buy? I don’t know the answers but I do know there has never been this much excitement centered on fine art in my career. The last time the markets appeared this strong was back in the 1980s and 60 minutes ran a feature article on contemporary art. Are we at that point again?

We are ready and able to help you. We have a fine art auction scheduled right now that has some very nice examples of regional art already consigned. If you are looking to expand your collection keep close tabs on this. If you are thinking of selling we have the tools in place, buyers at the ready, and auctions scheduled to take advantage of the current markets.

Call us today to discuss your needs and desires.