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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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OHHHH GEEEZUS..Is Art Dead
Hadf a coupla paintings up for sale at Juilias in Maine this weekend. Neither one sold. One of them is my Irving Ramesy Wiles. Wiles is one of the premier NY Impressionists and can pull up to $480K. Had a reserve of $19K and could not move it...WOW...
Two Wiles sold at the end of last year for apx $50K each... Apx 85% to 90% of the Art at Juilias DID NOT SELL...what did sell went mostly under low extimate. with the exception of the CA artists some of that stuff brought WAY over estimate. I am not sure whether this is a NE auction situation or is pervasive throughout the USA> Now I don't know about cars, but those pesky spoons are still selling VERY WELL. One auction does not make a market..I had a spoon that only brought $1700 (NS) on a $2K to $3K estimate at an auction in NH in November...come Jan it sold for $3K ($3400 wt premium) at the same auction house...Sometimes you do a bit better and sometimes a bit worse.
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02-09-2009, 02:27 PM
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Times are tough all around even in the hoi poloi society of ART.
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02-09-2009, 02:38 PM
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one of the galleries that represents my g/f had a show recently (not her stuff) where a number of the pieces "sold" on opening night. Then within a week most of the buyers backed out.
The funny thing is that artists are used to being poor so the economic downturn isn't that big of a change for them. Seriously. It is the collectors and galleries that take the big hit. |
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02-09-2009, 03:11 PM
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Location: Hamburg & Vancouver
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But times are tough now. No one is buying art as far as we can tell. Absolutely no one.
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_____________________ These are my principles. If you don't like them, I have others.—Groucho Marx |
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02-09-2009, 04:30 PM
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Well, of course it depends on the artist, but generally speaking most artists don't make a ton of money so the delta for down times often isn't great. Happily, a museum just bought of of my g/f's pieces so that's always a plus. She seems to have a slow but consistent market for her work. But there certainly isn't much moving right now.
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02-09-2009, 04:38 PM
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Essentials are not dead. Everything else is. I've had some art up for sale for about 4 months at aggressive prices without a nibble. Glad I sold my Helmut Newton photo in '07. I might have missed the last +$10/15K of appreciation, but I sold it.
My artist friends are discounting up to 80% in some cases. Tabs, you like plein air, right?
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techweenie | techweenie.com Marketing Consultant (expensive!) 1969 coupe hot rod 2016 Tesla Model S dd/parts fetcher Last edited by techweenie; 02-09-2009 at 04:45 PM.. |
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02-09-2009, 04:40 PM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
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Art is similar to almost all collectibles in that it has a dollar value for only one reason, the hope that some other fool will pay more for it than you did. Investment.
Now is not a very popular time for speculative investments. People are expecting such frivolous things to go down in value in the short term, not up. Sit on them for a couple of years, a completely new batch of fools should be ripe by then 
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02-09-2009, 05:17 PM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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no problem selling any spoons
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02-09-2009, 05:37 PM
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_____________________ These are my principles. If you don't like them, I have others.—Groucho Marx |
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02-09-2009, 07:28 PM
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_____________________ These are my principles. If you don't like them, I have others.—Groucho Marx |
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02-09-2009, 07:31 PM
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Cash is King. Right now you can get screaming deals on art, guitars, antiques, etc. If you can afford to sit on it, cherry pick it and "ride the wave" back up.
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--------------------------------------------------------------------------- "There is nothing to be learned from the second kick of a mule" - Mark Twain |
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02-09-2009, 07:34 PM
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So don't wait too long for that magic wave....
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_____________________ These are my principles. If you don't like them, I have others.—Groucho Marx |
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02-09-2009, 07:38 PM
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Location: Linn County, Oregon
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Maybe more than a couple of years...but sounds logical to me.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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02-09-2009, 07:40 PM
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1979 Porsche 911SC 3.0
Sinister Dove
Gemini Boomerang
Porsche 996 Turbo Convertible
996 Turbo
1983 Porsche 911sc Cabriolet 3.0
