Art + Auction: Where Now? Experts Predict 2012 Market Trends (03/13/12)

7/27/2019 Art + Auction: Where Now? Experts Predict 2012 Market Trends (03/13/12)

1/8

iven how requently uncertainty , k k, b k. Y k

A - . G b , bk b k. F, b , M E S A - . T

, b b j b O , . S E

k . C , k . A b

Tk , k I , , b b b. I bk , b . B b . The Editors

Tim BlumlEmmanuEl Di Donnalmarc GlimchErlKarsTEn GrEvElmary hoEvElEr laDiTya Ju

roman KraEussll lucy miTchEll-innEsl nancy murphylJEff raBinl lorEnzo ruDolf

philippE sEGaloTlThomas sEyDouxlsanforD l. smiThlmarc spiEGlErl roxanE zanD

WHERENOW?

G

2


2/8

arTinfo.com | march 2012 arT+aucTion

there is one message k -: I b I , b . L b 20 .

A , P, M E, , j z. T b, k k E A

k R , M E, A. T - k j 20 .

I , b I P-I, Cz, , . T I k jb k b k b. Y j k b .

O E , , , j k. T b . T

2007 2008. T b z, b b , .

S, - 20-k L, 1910 20, C . T , , k . T k k . I , b.

I , .

thomas seydouxbecame chairman,Impressionist and modern Art, at

Christies in January, ater two years as

international head o the department.

He is based in London.

Mk I M

There is

world-recopotential etime worksrom the mmovementthe 20th care oeredThomas seydoux

im optimistic. M k b . C k k. W I , b , . I b z, , b

A-, , k.A , k

. B b k . T . A, b , b . K b k.

S, , b f k. T D - [P D Les Cariatides,1946, Sb N Yk - $9 M]. B R b k j .I k j , k D k , b .

T I k I j . S- b b, b S ; . I M k, , b k, b M. H , 20 30. T , -. T 5 10 .

emmanuel di donna,a ormer worldwide vice chairman at

Sothebys, is a partner in Blain | Di Donna, which opened lastyear at the Carlyle hotel in New York.

B Nb


3/8

arT+aucTion march 2012 | arTin

i saw the maret declines 1970, 80, 90, bI k . I E, 2011 . W , ,k b b .

A b . T b- k . T b

, b j k k, b b, b

Lk , I b k, b k S, P, I, G 2I 21 , A k .

A k . T b . B

z. T- b A B SF12,00 SF120,000. H

k A B M B

arsten grevehas galleries in Cologne, Paand St. Moritz.

clouds on the horizon

Italy raised itssales tax on art to

21 percent, whichis scandalous.KarsTen Greve

the whole system b b b b , I k b b

b k , , . T b. T b , k b need

b k , - b b . N , , , .

I . T b b . Y b b . Y b b . T .

marc glimcher is president o the Pace Gallery, ounded over 50years ago by his ather Arne. The frm, which operates our spaces in

New York and one in Beijing, will add a London gallery this year.

looing ac at , I k k. T 1 2009. B J bbb b 1991. W b k bz. T b k C , b

k b b , k .B I bk . T

C k U.S. Rb. T A, b C, -- b . M b - :k, b , j, , .

T b bbb , b k . T k , $50,000 $1 b . B . U 2008 I I

b. B I z I

b b W. T C: T b bk . A j ; b b bk

roman raeusslis associateproessor o fnance at VU Univer

Amsterdam, and the author o

A+As Databank column

T E C D D L4


4/8

its usiness as usual, . 2009 . W b b b .S 2010. A k , , , bW S k k b.

Y b ; b - k. B k; b .

T b b b k, b k . W b , . T k z . I b , , 20 30 .O , b k b .

I k b , b b .

M b.T k k b k kb .W , , b k 2008. E .

mary hoeveler is a New Yorkbased private art adviser ocusedon contemporary art. Previously she was managing director at

Citigroup Art Advisory Service.

B Ob

the art world no longer j b .C b k , b . G V, Cb k C 15 . I 10 b B.

I , z

k I. I

b W b I .T b b I

k k C I b . A .W A b: SART T K G b S.A . A S b .

W I bk, k

b C. I b k k, b . WC , A , j : F b , bW. T b bb , C b J, I b I , .

loreno rudol is CEO and director o Art Stage Singapore,which debuted in 2011. He previously helmed Art Basel, Art Basel

Miami Beach, and SH Contemporary in Shanghai.

B N B

The truth is

that the market

homogenizes theart world.

mary hoeveler


5/8

in the not too distant past, b b j. O bb. T b 15 . A , k b

U S, A E b . T b .

R , k-b , b b k. B b , b - $1 b , A - . T . I k b k b , b , f , , , k . A :H ? D k--k b

?A ,

. P , b b, .

e rain, with Michael Plummer, co-ounded Artvest Partners,an art advisory frm that provides investment advice on the art

market. The two previously worked at Christies in fnancial services.

I G

arT+aucTion march 2012 | arTin

the primary maret . I b , ,

b.T . F b k -- . T

k W k b k ; F b I k b jb; . T

, .

T k k . I k b jb. W k

M k b k. T k k. T b b , k. I b , k

, . Y j b . Y b

lucy mitchell-innes is a director o Mitchell-Innes & NashNew York. Prior to becoming a gallerist she worked or more

decade at Sothebys, where she became worldwide director o

contemporary art. In 1996 she opened her gallery on Madison

Avenue with her husband and business partner, David Nash,

adding a second location, in Chelsea.

P S

The global art-fund industryis somewherein the $1 billionrange.jeff rabin

6


6/8

cultural development is occurring .B Db Db , , 2007, , , . A Db 64. T 40. F , W . A b Lb N A,

, W.Lk , b . T b .I, . T Q MA (QMA) Tk Mk.C, D, Db, Ab Db, k b .

T b b b AbS . N k, , , QMA .

T k j b , D .

roxane and is director, Middle East and Gul region, atSothebys. She began her career in 1978 as part o the group

planning the Tehran Museum o Contemporary Art but let Iran

in 1980. Ater resettling in London, she worked with a number

o cultural and educational institutions and currently serves as an

arts editor or E I.

G P

during the second hal o 2011, - C k b b , , $500 . B ? I .

A f - C k b,

b k . D b C b: Y , b b b . T - , k b . T C b k I b b b, bb .

C . A - kk . T -

b . A, k, b j b . T b C , k k , , .I 2011 b

b .

nancy murphy is a partner at thelaw frm o Jincheng Tongda &

Neal, in Beijing, where she has

practiced law or over 10 years. She

is the author o ChinaArtLaw.com,

a ounder o CenterPiece, a

diversifed art services frm in Hong

Kong, and a member o the EU

Chamber o Commerce Creative

Industries Working Group.

Sk F

The unethical

practices that pervadeso many sectors inChina are a particular

threat to theart industry.

nancy murphy


7/8

the use o digital technology b . I k b. I

- k , .

T b b b, . H, , , b . S- -- , z ,, , .

T , b . A P8 b , k

, k.I 2012 k

. W k , b b bk--z k P lacma k nada b k P - b , b j.

aditya ula is coounder, with AlexanderGilkas, o Paddle8, the online marketplace.

A serial entrepreneur, he is a Harvard

Business School Baker Scholar, a veteran

o McKinsey & Company, and an art

enthusiast and collector.

V G

With the

demographicso the artcommunitytilting toward

younger, moreinternationalcollectors,the beneftso a digitalapproach arecoming tothe ore.

adiTya julKa

everyone predicted that b , , . W b k .

I , b k b k A B A B M B (am). B k , k k . W . T

k A Bam:

T b b , , , kj. S k , b , k

, b

T , , b . I j k. I , , A A, b .

I , j b k, b b k . I b , b b - b k .

marc spiegler is codirector, with Annette Schnholzer, o ArBasel and Art Basel Miami Beach. Both are subsidiaries o Me

Schweiz, which recently acquired Art HK, the contemporary

based in Hong Kong.

K C


8/8

arTinfo.com | march 2012 arT+aucTion

over the past ew years, L.A. b . B . G P S T j ; , . P ST b - -b. I , k , I k b b .

P k b N Yk b M Mk j EK . B : D K-k , H,k O K, b .

N , . T Sb L.A. b Fz, iac, A, M?

tim lum is co-owner o Blum&Poe, a gallery that, with its 2003 move, helped pioneerthe Culver City Art Dist rict on L.A.s Westside, an area that it still anchors.

with the world around us b, k , k , b .I k

k k b . T .

I , Y b

k, Nb . A , b , b .

T k b k. O bj, b .A bb . W k ; j k k .

A , 2008 2009, b . A k

, . C, b , b bb k . T 18 , GWalking Man $100 SbL Fb 2010. T .

philippe segalot is a partner in the private art dealershipGiraud Pissarro Sgalot.

at the maor airs, the top o the line b . I $2 $15,000 . T b b b-k k .

I k .B . T k , b . T , O,

. W k , b . S k b . B .

T b . A , j ; b . F OA F, I k . A b , b- .

I N Yk , k. Fz E AS. T Pk A A j , b 80 . R 10 , b I b 2017 z b . W , z

. I I b k .

sanord l. smithhas managed art andantiques shows or 32 years. This

November he will launch the Salon o Art

and Design, ocused on contemporary

and 20th-century work, at the Park

Avenue Armory, in New York.

A S H F Sk-U

l.a.s story

Documents

Art + Auction: Where Now? Experts Predict 2012 Market Trends (03/13/12)