Daniel Arsham 🇺🇸 New York • Eroded Future Relic, by krazy on Oct 30, 2020 1:09:14 GMT 1,

Oct 30, 2020 0:21:52 GMT 1 medichead said:

Oct 29, 2020 22:25:19 GMT 1 krazy said:

I've been closely following the art market for almost 20 years. I look at long and short term trends. A handful of auctions can tell as much of a story as 5 years of auctions.

Too many people look at the art market in the same way as stocks (or even crypto because of the extreme highs), but it's dangerous to do that, as there's very very rarely a correlation between the two. Art has its own set of rules, patterns, etc. To understand it, you need to understand the minds and intent of old money, new money, young fans, old fans, celebrities, galleries, artists, flippers, and everyone in between, because they all have a part to play.

If you want to talk market, let’s do it.

I presume you don’t think Arsham is a long term hold (20-30 years +).

When, exactly, do you think you would eject and dump your Arsham stock, and what signals will you look for to inform that decision?

I don’t want other members unwittingly getting left holding some bags...

Arsham is a mixed bag like KAWS.

He's working hard to have a "collector/hype" market for the lower cost items. Some of those will become iconic and continue to go up in value, and others will just languish when the hype dies down (although, the iconic pieces might keep them in demand... a rising tide, etc), but he also has extremely strong support for his "premium" one-off pieces and the occasional painting he's doing now. The fact that he's made the move into the institutional gallery space will mean that he's starting to be considered as a long term hold in the eyes of the collectors (generally, if he exhibits at a place like NGV in Australia, or some of the other large institutionals, they will acquire and hold a piece in their permanent collection.. which means a huge amount for the artist and the collectors).

A lot of people say that he doesn't deserve to have the status he has now, but he's found a niche, and he's very good at it. It's incredibly rare for a sculptor to break through into the collectors market, and he's managed to do it. How many other sculptors have done that? There's a lot of painters who make sculptures, but there's very few sculptors who do the occasional painting.

Just my 2 cents.

Oct 30, 2020 0:21:52 GMT 1 medichead said:

Oct 29, 2020 22:25:19 GMT 1 krazy said:

I've been closely following the art market for almost 20 years. I look at long and short term trends. A handful of auctions can tell as much of a story as 5 years of auctions.

Too many people look at the art market in the same way as stocks (or even crypto because of the extreme highs), but it's dangerous to do that, as there's very very rarely a correlation between the two. Art has its own set of rules, patterns, etc. To understand it, you need to understand the minds and intent of old money, new money, young fans, old fans, celebrities, galleries, artists, flippers, and everyone in between, because they all have a part to play.

If you want to talk market, let’s do it.

I presume you don’t think Arsham is a long term hold (20-30 years +).

When, exactly, do you think you would eject and dump your Arsham stock, and what signals will you look for to inform that decision?

I don’t want other members unwittingly getting left holding some bags...

Arsham is a mixed bag like KAWS.

He's working hard to have a "collector/hype" market for the lower cost items. Some of those will become iconic and continue to go up in value, and others will just languish when the hype dies down (although, the iconic pieces might keep them in demand... a rising tide, etc), but he also has extremely strong support for his "premium" one-off pieces and the occasional painting he's doing now. The fact that he's made the move into the institutional gallery space will mean that he's starting to be considered as a long term hold in the eyes of the collectors (generally, if he exhibits at a place like NGV in Australia, or some of the other large institutionals, they will acquire and hold a piece in their permanent collection.. which means a huge amount for the artist and the collectors).

A lot of people say that he doesn't deserve to have the status he has now, but he's found a niche, and he's very good at it. It's incredibly rare for a sculptor to break through into the collectors market, and he's managed to do it. How many other sculptors have done that? There's a lot of painters who make sculptures, but there's very few sculptors who do the occasional painting.

Just my 2 cents.