What goes up must come down. It is a law of physics, and of economy. While many are looking at the recent succeeds at Christies and Sotheby’s as the best art sales we’ve seen, others are seeing it as the beginning of the end for the arts market.
Personally, I see it as possibly the beginning of the end for some of the secondary arts market. Some art is like blue chip stock and will forever be a sound investment. But I also see it as the beginning of the rise of the primary market. More and more middle class people and baby boomers are becoming interested in collecting art, and they are on the look out for emerging artists and established living artists. They are looking for the blue chips to be, the next Picasso, the next Van Gogh. They are the new patrons and I predict that we will see further growth in the primary art market as Internet sales of art rise and the mystique surrounding art collecting fades away.
Art is no longer only for the rich, As artists work to represent themselves, connect with clients online around the world and make wonderful art, this new group of patrons will be here to build the next generation of blue chip art.
– Posted using BlogPress from my iPad