New York Times Publishes Extensive Review of Current Art Market

August 18th, 2014

Jean-Michel Basquiat, via New York TimesA study commissioned by the New York Times this week indicates that the perception of a growing trend towards flipping work by young artists for huge profits may only be part of broader historical trends in the art market.  Reports by two separate art market consultancies indicate that the current rate of growth in the market is on par with the market boom during the mid-90’s, and that the overall state of the market shows that collectors are, on average, holding on to works longer than in recent years.  “After all I had read about flipping, when looking at the market itself, it’s really business as usual,” says consultant Fabian Bocart, whose Tutela Capital S.A., prepared one of the analyses for The Times.Read more at New York Times