Art Newspaper Traces Rise and Fall of Market Strength for Gutai Group

June 16th, 2017

Shiraga sells at Sothebys, via Art NewspaperAn article in Art Newspaper this week traces the remarkable market rise for the Gutai group of Japanese post-war artists in the past years, and its subsequent decline in popularity.  “A big price will always drive the market,” says Grégoire Billault, head of contemporary art at Sotheby’s New York. “When people can buy for $200,000 and sell for $2m, it’s irresistible for some of them.  I think it just needs a bit of time. It’s a question of needing a bit of maturity.”

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