Jaylove
Junior Member
Posts โข 1,596
Likes โข 1,073
November 2016
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How will the stock market woes impact the art market?, by Jaylove on May 12, 2022 16:14:21 GMT 1, The market has been on a break neck run the past little while with artists, flippers, galleries, etc inflating a bubble helped by a booming stock market, the rise of anything-coin and asset values overall rising like crazy and cheap credit.
those days seem to be ending as banks all around the world are tightening. Markets from housing to coin bases, NFTs etc are tanking. Job losses are being predicted was there are hints of a global recession approaching.
Where do we see things going? Will prices drop?
The market has been on a break neck run the past little while with artists, flippers, galleries, etc inflating a bubble helped by a booming stock market, the rise of anything-coin and asset values overall rising like crazy and cheap credit.
those days seem to be ending as banks all around the world are tightening. Markets from housing to coin bases, NFTs etc are tanking. Job losses are being predicted was there are hints of a global recession approaching.
Where do we see things going? Will prices drop?
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binky
New Member
Posts โข 44
Likes โข 40
March 2013
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How will the stock market woes impact the art market?, by binky on May 12, 2022 18:14:01 GMT 1, Does it matter ?
Does it matter ?
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Couch Tado
New Member
Posts โข 251
Likes โข 204
August 2021
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How will the stock market woes impact the art market?, by Couch Tado on May 12, 2022 18:24:47 GMT 1, I was just at the framer picking up a few things and I was chatting with them and they said over the last 4-6 weeks they have had a noticeable slow down. They were thinking it is a multitude of factors - uncertainty in the markets, taxes due (in the us), inflation, etc.
I was just at the framer picking up a few things and I was chatting with them and they said over the last 4-6 weeks they have had a noticeable slow down. They were thinking it is a multitude of factors - uncertainty in the markets, taxes due (in the us), inflation, etc.
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dotdot
Junior Member
Posts โข 3,645
Likes โข 1,025
December 2006
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How will the stock market woes impact the art market?, by dotdot on May 12, 2022 18:38:57 GMT 1, I was just at the framer picking up a few things and I was chatting with them and they said over the last 4-6 weeks they have had a noticeable slow down. They were thinking it is a multitude of factors - uncertainty in the markets, taxes due (in the us), inflation, etc.
you may be right.
my framer - still has a 2 month waiting list.
there is a dip coming - could turn into rollercoaster though.
taxes taxis ? yeah no10 needs a few to take them all away to another party. 
I was just at the framer picking up a few things and I was chatting with them and they said over the last 4-6 weeks they have had a noticeable slow down. They were thinking it is a multitude of factors - uncertainty in the markets, taxes due (in the us), inflation, etc. you may be right. my framer - still has a 2 month waiting list. there is a dip coming - could turn into rollercoaster though. taxes taxis ? yeah no10 needs a few to take them all away to another party. |
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Jonas B
Junior Member
Posts โข 1,442
Likes โข 1,596
February 2021
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How will the stock market woes impact the art market?, by Jonas B on May 12, 2022 19:37:28 GMT 1, Thereโs always a market for the good stuff, theyโll always be people with money for the right works and it will remain virtually impossible to buy top artists primary.
Thereโs always a market for the good stuff, theyโll always be people with money for the right works and it will remain virtually impossible to buy top artists primary.
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rungsp
New Member
Posts โข 152
Likes โข 192
February 2021
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How will the stock market woes impact the art market?, by rungsp on May 12, 2022 20:13:50 GMT 1, Perhaps the question could be reframed around crypto and nfts?
How will their crash, and it is a crash, affect the art market?
Perhaps the question could be reframed around crypto and nfts?
How will their crash, and it is a crash, affect the art market?
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Jaylove
Junior Member
Posts โข 1,596
Likes โข 1,073
November 2016
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How will the stock market woes impact the art market?, by Jaylove on May 12, 2022 21:20:58 GMT 1, It certainly does.
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How will the stock market woes impact the art market?, by Jules Leotard on May 13, 2022 2:00:13 GMT 1, Inflation incinerates (your) money in a bunch of ways. They printed and printed and printed. Now we are going to go through a period where what you have (had) mysteriously disappears. Regardless of what assets you have tucked away (art, stocks, crypto, real estate, etc.) we all take a hit. If you had 1 million in Netflix stock in November, you have 250k now. I doubt you are going to run out and buy art with what is left. So, there are fewer buyers and decreased demand. Someone will probably chime in with using art as a "safe haven," but there is no getting around less money, shallower pockets/ war chests, less money spent on art, fewer bidding wars at auction, etc.
If most people can save less than 20% of their income per year, what happens when there isn't 20% to save? They certainly aren't going to buy art with money they don't have - actually they might until their credit is max'ed out. After that, a fire sale on mid- to lower end art happens as they try to cover their monthly expenses and minimum payments.
As of Tuesday, 40% of Bitcoin "investors" were underwater with their investment according to a nameless faceless internet source (which of course, may not be accurate, but sounds plausible).
Inflation incinerates (your) money in a bunch of ways. They printed and printed and printed. Now we are going to go through a period where what you have (had) mysteriously disappears. Regardless of what assets you have tucked away (art, stocks, crypto, real estate, etc.) we all take a hit. If you had 1 million in Netflix stock in November, you have 250k now. I doubt you are going to run out and buy art with what is left. So, there are fewer buyers and decreased demand. Someone will probably chime in with using art as a "safe haven," but there is no getting around less money, shallower pockets/ war chests, less money spent on art, fewer bidding wars at auction, etc.
If most people can save less than 20% of their income per year, what happens when there isn't 20% to save? They certainly aren't going to buy art with money they don't have - actually they might until their credit is max'ed out. After that, a fire sale on mid- to lower end art happens as they try to cover their monthly expenses and minimum payments.
As of Tuesday, 40% of Bitcoin "investors" were underwater with their investment according to a nameless faceless internet source (which of course, may not be accurate, but sounds plausible).
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yousir
New Member
Posts โข 51
Likes โข 48
January 2020
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How will the stock market woes impact the art market?, by yousir on May 13, 2022 4:25:10 GMT 1, Thereโs always a market for the good stuff, theyโll always be people with money for the right works and it will remain virtually impossible to buy top artists primary.
Itโs interesting how blue chip stocks can fall, but blue chip artists donโt? How is this possible? Because art is a timeless equity, culturally and financially? I want to believe it has to do with the creative powers that be, but itโs skewed towards the money game innit?
Thereโs always a market for the good stuff, theyโll always be people with money for the right works and it will remain virtually impossible to buy top artists primary. Itโs interesting how blue chip stocks can fall, but blue chip artists donโt? How is this possible? Because art is a timeless equity, culturally and financially? I want to believe it has to do with the creative powers that be, but itโs skewed towards the money game innit? |
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Jaylove
Junior Member
Posts โข 1,596
Likes โข 1,073
November 2016
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How will the stock market woes impact the art market?, by Jaylove on May 13, 2022 5:55:24 GMT 1, Inflation incinerates (your) money in a bunch of ways. They printed and printed and printed. Now we are going to go through a period where what you have (had) mysteriously disappears. Regardless of what assets you have tucked away (art, stocks, crypto, real estate, etc.) we all take a hit. If you had 1 million in Netflix stock in November, you have 250k now. I doubt you are going to run out and buy art with what is left. So, there are fewer buyers and decreased demand. Someone will probably chime in with using art as a "safe haven," but there is no getting around less money, shallower pockets/ war chests, less money spent on art, fewer bidding wars at auction, etc. If most people can save less than 20% of their income per year, what happens when there isn't 20% to save? They certainly aren't going to buy art with money they don't have - actually they might until their credit is max'ed out. After that, a fire sale on mid- to lower end art happens as they try to cover their monthly expenses and minimum payments. As of Tuesday, 40% of Bitcoin "investors" were underwater with their investment according to a nameless faceless internet source (which of course, may not be accurate, but sounds plausible). 
Inflation incinerates (your) money in a bunch of ways. They printed and printed and printed. Now we are going to go through a period where what you have (had) mysteriously disappears. Regardless of what assets you have tucked away (art, stocks, crypto, real estate, etc.) we all take a hit. If you had 1 million in Netflix stock in November, you have 250k now. I doubt you are going to run out and buy art with what is left. So, there are fewer buyers and decreased demand. Someone will probably chime in with using art as a "safe haven," but there is no getting around less money, shallower pockets/ war chests, less money spent on art, fewer bidding wars at auction, etc. If most people can save less than 20% of their income per year, what happens when there isn't 20% to save? They certainly aren't going to buy art with money they don't have - actually they might until their credit is max'ed out. After that, a fire sale on mid- to lower end art happens as they try to cover their monthly expenses and minimum payments. As of Tuesday, 40% of Bitcoin "investors" were underwater with their investment according to a nameless faceless internet source (which of course, may not be accurate, but sounds plausible). Exactly how I feel and wha tI've warned in the past. Now we get to see wha the real values of pieces are. Looking forward to the cheaper prices |
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How will the stock market woes impact the art market?, by Jules Leotard on May 13, 2022 6:05:40 GMT 1, Inflation incinerates (your) money in a bunch of ways. They printed and printed and printed. Now we are going to go through a period where what you have (had) mysteriously disappears. Regardless of what assets you have tucked away (art, stocks, crypto, real estate, etc.) we all take a hit. If you had 1 million in Netflix stock in November, you have 250k now. I doubt you are going to run out and buy art with what is left. So, there are fewer buyers and decreased demand. Someone will probably chime in with using art as a "safe haven," but there is no getting around less money, shallower pockets/ war chests, less money spent on art, fewer bidding wars at auction, etc. If most people can save less than 20% of their income per year, what happens when there isn't 20% to save? They certainly aren't going to buy art with money they don't have - actually they might until their credit is max'ed out. After that, a fire sale on mid- to lower end art happens as they try to cover their monthly expenses and minimum payments. As of Tuesday, 40% of Bitcoin "investors" were underwater with their investment according to a nameless faceless internet source (which of course, may not be accurate, but sounds plausible). Exactly how I feel and wha tI've warned in the past. Now we get to see wha the real values of pieces are. Looking forward to the cheaper prices 
Inflation incinerates (your) money in a bunch of ways. They printed and printed and printed. Now we are going to go through a period where what you have (had) mysteriously disappears. Regardless of what assets you have tucked away (art, stocks, crypto, real estate, etc.) we all take a hit. If you had 1 million in Netflix stock in November, you have 250k now. I doubt you are going to run out and buy art with what is left. So, there are fewer buyers and decreased demand. Someone will probably chime in with using art as a "safe haven," but there is no getting around less money, shallower pockets/ war chests, less money spent on art, fewer bidding wars at auction, etc. If most people can save less than 20% of their income per year, what happens when there isn't 20% to save? They certainly aren't going to buy art with money they don't have - actually they might until their credit is max'ed out. After that, a fire sale on mid- to lower end art happens as they try to cover their monthly expenses and minimum payments. As of Tuesday, 40% of Bitcoin "investors" were underwater with their investment according to a nameless faceless internet source (which of course, may not be accurate, but sounds plausible). Exactly how I feel and wha tI've warned in the past. Now we get to see wha the real values of pieces are. Looking forward to the cheaper prices No one ever talks about how the 2008/2009 bailout broke apart the natural economic cycles that we have always lived through in order to create this superbubble. It's not good. I would even say that this has all the hallmarks of a manufactured crisis (due to the sideshows going on - oh look over here, now over here, everyone get angry and ignore the profound financial crisis until it is too late) which creates an opportunity for the table runners to clear every last penny out of the normal folks' pockets. |
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eleddy
New Member
Posts โข 13
Likes โข 15
October 2021
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How will the stock market woes impact the art market?, by eleddy on May 13, 2022 15:36:10 GMT 1, Thereโs always a market for the good stuff, theyโll always be people with money for the right works and it will remain virtually impossible to buy top artists primary. Itโs interesting how blue chip stocks can fall, but blue chip artists donโt? How is this possible? Because art is a timeless equity, culturally and financially? I want to believe it has to do with the creative powers that be, but itโs skewed towards the money game innit?
People buying blue chip artists don't have blue chip stock - they have access to funds and money managers that make a downturn just an inconvenience. I'm not hating, just explaining.
All this stuff is super regional as well. The Midwest vs the bay area have very different outlooks right now. And then of course Asia which just gobbles up everything regardless of any economic news it seems.
I personally think there will be a cool down in middle markets in a few months. "Recession" times are good for low to mid market bargains, but it tends to be long tail and its still unknown if it will actually happen. Definitely some spook action going on which would benefit anyone whose tired of setting an alarm clock to pray for a lucky click. If you have patience and some cash, wait a quarter or 2 and watch the auctions to get in on that 3 Ds action.
Thereโs always a market for the good stuff, theyโll always be people with money for the right works and it will remain virtually impossible to buy top artists primary. Itโs interesting how blue chip stocks can fall, but blue chip artists donโt? How is this possible? Because art is a timeless equity, culturally and financially? I want to believe it has to do with the creative powers that be, but itโs skewed towards the money game innit? People buying blue chip artists don't have blue chip stock - they have access to funds and money managers that make a downturn just an inconvenience. I'm not hating, just explaining. All this stuff is super regional as well. The Midwest vs the bay area have very different outlooks right now. And then of course Asia which just gobbles up everything regardless of any economic news it seems. I personally think there will be a cool down in middle markets in a few months. "Recession" times are good for low to mid market bargains, but it tends to be long tail and its still unknown if it will actually happen. Definitely some spook action going on which would benefit anyone whose tired of setting an alarm clock to pray for a lucky click. If you have patience and some cash, wait a quarter or 2 and watch the auctions to get in on that 3 Ds action. |
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Jonas B
Junior Member
Posts โข 1,442
Likes โข 1,596
February 2021
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How will the stock market woes impact the art market?, by Jonas B on May 13, 2022 16:04:47 GMT 1, Frieze NY soon, just try and buy some of the good stuff, no chance, all pre sold. Art is one place that people will continue to put their money while everything else turns to shiz.
Frieze NY soon, just try and buy some of the good stuff, no chance, all pre sold. Art is one place that people will continue to put their money while everything else turns to shiz.
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Jaylove
Junior Member
Posts โข 1,596
Likes โข 1,073
November 2016
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How will the stock market woes impact the art market?, by Jaylove on May 13, 2022 21:18:56 GMT 1, Exactly how I feel and wha tI've warned in the past. Now we get to see wha the real values of pieces are. Looking forward to the cheaper prices No one ever talks about how the 2008/2009 bailout broke apart the natural economic cycles that we have always lived through in order to create this superbubble. It's not good. I would even say that this has all the hallmarks of a manufactured crisis (due to the sideshows going on - oh look over here, now over here, everyone get angry and ignore the profound financial crisis until it is too late) which creates an opportunity for the table runners to clear every last penny out of the normal folks' pockets.
I would not be surprised, to be honest. Way too convenient.
Exactly how I feel and wha tI've warned in the past. Now we get to see wha the real values of pieces are. Looking forward to the cheaper prices No one ever talks about how the 2008/2009 bailout broke apart the natural economic cycles that we have always lived through in order to create this superbubble. It's not good. I would even say that this has all the hallmarks of a manufactured crisis (due to the sideshows going on - oh look over here, now over here, everyone get angry and ignore the profound financial crisis until it is too late) which creates an opportunity for the table runners to clear every last penny out of the normal folks' pockets. I would not be surprised, to be honest. Way too convenient. |
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dullahmo
New Member
Posts โข 153
Likes โข 88
January 2022
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How will the stock market woes impact the art market?, by dullahmo on May 16, 2022 8:21:44 GMT 1, I allocate a small amount of my monthly income into a pot for fun stock pick investments.
I started buying more art because I just couldn`t find any stock that I liked, everything seemed majorly over valued.
Now that a few stocks on my watch list have sunk down, I`m actually a lot more picky on buying art. ALOT more picky than last year.
I allocate a small amount of my monthly income into a pot for fun stock pick investments.
I started buying more art because I just couldn`t find any stock that I liked, everything seemed majorly over valued.
Now that a few stocks on my watch list have sunk down, I`m actually a lot more picky on buying art. ALOT more picky than last year.
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How will the stock market woes impact the art market?, by batterseaboy on May 16, 2022 8:56:32 GMT 1,
I made this for ยฃ40 and I love it, its as good as a 4 million one
I made this for ยฃ40 and I love it, its as good as a 4 million one |
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How will the stock market woes impact the art market?, by batterseaboy on May 16, 2022 8:59:06 GMT 1, so I am ยฃ3999960 better off
so I am ยฃ3999960 better off
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binky
New Member
Posts โข 44
Likes โข 40
March 2013
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How will the stock market woes impact the art market?, by binky on May 18, 2022 12:33:15 GMT 1, Shite thread bro
Shite thread bro
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