acaipride
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April 2020
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Are we in an Art Market Bubble?, by acaipride on Apr 26, 2021 11:56:37 GMT 1, Overall I do believe we are in a bubble. Though it is a penetrable bubble, take for example my lastest pick up from a member on here..Martin Whatson 's Panda. I first set out anIn Search Ofand the ones living in a MW bubble came out to defend their 2500 price tag...until a few days later I received a PM and picked it up for 1740usd including shipping and ppfees. So imo, the bubble does exists,it's a micro cluster of bubbles making up the macro of the art bubble. Does the bubble discussion apply at this end of the market, though? Artists like Banksy, Stik, etc. are seeing prices rocket into very high sums. If their markets collapse then there's a lot of money gone and the whole art industry panicked. Perhaps my understanding is wrong, but I think of bubble meaning that if it pops the entire market collapses. A lot of the other artists we talk about on here, like Martin Whatson, aren't commanding big prices. If a Martin Whatson, Nick Smith or Mark Drew becomes worthless overnight, it's not going to cause much concern.
well it's a micro cluster...if all 3 were to implode, you would def feel some kind of ripple
Overall I do believe we are in a bubble. Though it is a penetrable bubble, take for example my lastest pick up from a member on here..Martin Whatson 's Panda. I first set out anIn Search Ofand the ones living in a MW bubble came out to defend their 2500 price tag...until a few days later I received a PM and picked it up for 1740usd including shipping and ppfees. So imo, the bubble does exists,it's a micro cluster of bubbles making up the macro of the art bubble. Does the bubble discussion apply at this end of the market, though? Artists like Banksy, Stik, etc. are seeing prices rocket into very high sums. If their markets collapse then there's a lot of money gone and the whole art industry panicked. Perhaps my understanding is wrong, but I think of bubble meaning that if it pops the entire market collapses. A lot of the other artists we talk about on here, like Martin Whatson, aren't commanding big prices. If a Martin Whatson, Nick Smith or Mark Drew becomes worthless overnight, it's not going to cause much concern. well it's a micro cluster...if all 3 were to implode, you would def feel some kind of ripple |
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ecudat
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January 2020
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Are we in an Art Market Bubble?, by ecudat on Apr 26, 2021 12:52:21 GMT 1, Whether a bubble or just a bit elevated, for it to burst it needs motivated sellers. (I.e. people who need to sell fairly quickly) and a drop in buyers at current prices (either because these people also have need for cash e.g. because they have lost their jobs or interest rates have gone up, making mortgage payments go up, or because they believe there will be more motivated/forced sellers in the near-term, which will mean that supply grows even further and prices are likely to drop.
But in this recession, governments acted very aggressively as it was expected to be a relatively short disruption. As a result, so far most people are either as well off or even better off than they were 14 months ago in much of the developed world.
We could see the end of government support later this year or next year cause unemployment to rise. The other near-term risk would be bitcoin speculators losing a lot of cash and needing to recoup money from art. Or, if/when interest rates rise, riskier investments like art and equities will probably see a bit of a correction.
Further ahead a more "normal" slowdown/recession might slow the market in years to come.
That's why - buy because you like it, don't buy the next Banksy/Hirst/Whatson/whatever your range is with a view to sitting it in a folder and making a "guaranteed" profit on it, unless you can also afford to lose that money. That type of logic is how the GFC happened!
Whether a bubble or just a bit elevated, for it to burst it needs motivated sellers. (I.e. people who need to sell fairly quickly) and a drop in buyers at current prices (either because these people also have need for cash e.g. because they have lost their jobs or interest rates have gone up, making mortgage payments go up, or because they believe there will be more motivated/forced sellers in the near-term, which will mean that supply grows even further and prices are likely to drop.
But in this recession, governments acted very aggressively as it was expected to be a relatively short disruption. As a result, so far most people are either as well off or even better off than they were 14 months ago in much of the developed world.
We could see the end of government support later this year or next year cause unemployment to rise. The other near-term risk would be bitcoin speculators losing a lot of cash and needing to recoup money from art. Or, if/when interest rates rise, riskier investments like art and equities will probably see a bit of a correction.
Further ahead a more "normal" slowdown/recession might slow the market in years to come.
That's why - buy because you like it, don't buy the next Banksy/Hirst/Whatson/whatever your range is with a view to sitting it in a folder and making a "guaranteed" profit on it, unless you can also afford to lose that money. That type of logic is how the GFC happened!
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LJCal
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December 2019
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Are we in an Art Market Bubble?, by LJCal on Apr 26, 2021 15:18:54 GMT 1, People have been saying it's a bubble since the 1970's, yet it still bobbles higher.
People have been saying it's a bubble since the 1970's, yet it still bobbles higher.
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.dappy
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December 2010
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Are we in an Art Market Bubble?, by .dappy on Apr 26, 2021 15:29:25 GMT 1, Rightly or wrongly I think probably 90%+ of the art on this forum doesn't even register in the 'real' art world. On a brighter note: The UK economy is set to grow at its fastest rate on record this year, experts have predicted.
The EY Item Club has upgraded its 2021 growth forecast from 5% to 6.8%, which would mark the fastest rate seen since 1973.
Chief economic advisor Howard Archer said the economy had "proven to be more resilient than seemed possible".
... this does cause confusion as the rate of growth is directly related to the previous year ... 2020 was abysmal ... so in 2021 any improvement looks substantially better ...
... it's a bit like inflation ... if a single month had a hike, say a sudden increase in petrol prices ... then the following year's month inflation rate would show a sudden decrease ... if no other external factors are involved ...
Rightly or wrongly I think probably 90%+ of the art on this forum doesn't even register in the 'real' art world. On a brighter note: The UK economy is set to grow at its fastest rate on record this year, experts have predicted.
The EY Item Club has upgraded its 2021 growth forecast from 5% to 6.8%, which would mark the fastest rate seen since 1973.
Chief economic advisor Howard Archer said the economy had "proven to be more resilient than seemed possible".... this does cause confusion as the rate of growth is directly related to the previous year ... 2020 was abysmal ... so in 2021 any improvement looks substantially better ... ... it's a bit like inflation ... if a single month had a hike, say a sudden increase in petrol prices ... then the following year's month inflation rate would show a sudden decrease ... if no other external factors are involved ... |
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nobokov
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February 2016
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Are we in an Art Market Bubble?, by nobokov on Apr 26, 2021 16:02:03 GMT 1, Yes, but there are more fools born everyday.
Yes, but there are more fools born everyday.
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Are we in an Art Market Bubble?, by Gentle Mental on Apr 26, 2021 16:13:04 GMT 1, The US fed printed so much money - even buying Dodgecoin turns a profit.
Money is THE bubble - folks are throwing it at anything that isn’t money.
Hopefully what they throw at don’t burst.
Most will.
I say collapse happens at August ish.
The US fed printed so much money - even buying Dodgecoin turns a profit.
Money is THE bubble - folks are throwing it at anything that isn’t money.
Hopefully what they throw at don’t burst.
Most will.
I say collapse happens at August ish.
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anodyne13
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April 2008
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Are we in an Art Market Bubble?, by anodyne13 on Apr 26, 2021 17:13:31 GMT 1, Not sure if art is in a "bubble" but below is a list of items that are all very highly valued (historically) right now:
- Art
- NFT
- Crypto
- Trading Cards
- Sports collectibles
- Watches
- Sneakers
It could be that it's all a coincidence, or there could be common factors at play driving these "assets" higher at the same time.
Not sure if art is in a "bubble" but below is a list of items that are all very highly valued (historically) right now:
- Art
- NFT
- Crypto
- Trading Cards
- Sports collectibles
- Watches
- Sneakers
It could be that it's all a coincidence, or there could be common factors at play driving these "assets" higher at the same time.
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tab1
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September 2011
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Are we in an Art Market Bubble?, by tab1 on Apr 26, 2021 17:15:44 GMT 1, Not sure if art is in a "bubble" but below is a list of items that are all very highly valued (historically) right now: - Art - NFT - Crypto - Trading Cards - Sports collectibles - Watches - Sneakers - 80s sports cars It could be that it's all a coincidence, or there could be common factors at play driving these "assets" higher at the same time.
Not sure if art is in a "bubble" but below is a list of items that are all very highly valued (historically) right now: - Art - NFT - Crypto - Trading Cards - Sports collectibles - Watches - Sneakers - 80s sports cars It could be that it's all a coincidence, or there could be common factors at play driving these "assets" higher at the same time. |
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ca
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March 2011
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Are we in an Art Market Bubble?, by ca on Apr 26, 2021 17:55:45 GMT 1, Not sure how can someone say there's an "Art bubble" with a broad stroke. I think we can debate "micro-bubbles" within art.
i.e. prints and editions where currently any emerging artist/edition producer is asking 2-3k+ (if not more) for anything. Uneducated collectors are getting scammed by this IMO and I definitely see a correction happening there
On the other hand, I believe quality art will always be relevant... question becomes how you define quality
Not sure how can someone say there's an "Art bubble" with a broad stroke. I think we can debate "micro-bubbles" within art.
i.e. prints and editions where currently any emerging artist/edition producer is asking 2-3k+ (if not more) for anything. Uneducated collectors are getting scammed by this IMO and I definitely see a correction happening there
On the other hand, I believe quality art will always be relevant... question becomes how you define quality
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Reader
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June 2016
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Are we in an Art Market Bubble?, by Reader on Apr 26, 2021 18:36:42 GMT 1, Not sure if art is in a "bubble" but below is a list of items that are all very highly valued (historically) right now: - Art - NFT - Crypto - Trading Cards - Sports collectibles - Watches - Sneakers It could be that it's all a coincidence, or there could be common factors at play driving these "assets" higher at the same time.
Not sure if art is in a "bubble" but below is a list of items that are all very highly valued (historically) right now: - Art - NFT - Crypto - Trading Cards - Sports collectibles - Watches - Sneakers It could be that it's all a coincidence, or there could be common factors at play driving these "assets" higher at the same time. Global pandemic, low interest rates on capital, disposable income & savings, potential high returns on collectibles, captive global audience, 24/7 online sales. |
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Are we in an Art Market Bubble?, by brokeartcollector on Apr 27, 2021 4:00:29 GMT 1, In general - not just in street art - I think we've been seeing a bubble for quite some time. Here's the problem as I see it... Interest rates are 0%, for all practical intents and purposes... You can't make money out of money any more. So what you've got is a massive wall of money chasing the next "opportunity", looking for a place where its value will be nurtured and not wither away.
This.
In general - not just in street art - I think we've been seeing a bubble for quite some time. Here's the problem as I see it... Interest rates are 0%, for all practical intents and purposes... You can't make money out of money any more. So what you've got is a massive wall of money chasing the next "opportunity", looking for a place where its value will be nurtured and not wither away. This. |
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vernaxley
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September 2014
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Are we in an Art Market Bubble?, by vernaxley on Apr 27, 2021 8:29:32 GMT 1, Just out of interest can I ask who you are referring to please Scroll down the first few pages of the main section and the for sale section - most people in the outside world won't have heard of most these street/urban artists...it's the epitome of microcosm
Look at any auction and ask yourself how many names you recognise and then see the prices they are achieving.
Speak to any art expert and they are surprisingly clueless outside their own area of expertise. There is no single art market, so there can be no definitive bubble. Dumb question really.
Just out of interest can I ask who you are referring to please Scroll down the first few pages of the main section and the for sale section - most people in the outside world won't have heard of most these street/urban artists...it's the epitome of microcosm Get real. The whole art world is compartmentalised into microcosms,not just the urban art market. Look at any auction and ask yourself how many names you recognise and then see the prices they are achieving. Speak to any art expert and they are surprisingly clueless outside their own area of expertise. There is no single art market, so there can be no definitive bubble. Dumb question really. |
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dirtypete
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September 2006
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Are we in an Art Market Bubble?, by dirtypete on May 23, 2021 7:31:15 GMT 1, Not sure if art is in a "bubble" but below is a list of items that are all very highly valued (historically) right now: - Art - NFT - Crypto - Trading Cards - Sports collectibles - Watches - Sneakers It could be that it's all a coincidence, or there could be common factors at play driving these "assets" higher at the same time.
The standard rule applies of buy what you like and don’t expect to make huge returns, as most collectibles end up being sold in charity shops for buttons.
Not sure if art is in a "bubble" but below is a list of items that are all very highly valued (historically) right now: - Art - NFT - Crypto - Trading Cards - Sports collectibles - Watches - Sneakers It could be that it's all a coincidence, or there could be common factors at play driving these "assets" higher at the same time. I feel like Instagram , YouTube, forums etc... have had a massive impact on collectibles in the last few years. It’s now very easy to join an echo chamber where buying expensive collectibles is legitimised. While some bubbles might pop, the mature assets with a proven track record are here to stay. The main concern is the concerted effort by some to create a false demand and ramp up price for short term gain. The standard rule applies of buy what you like and don’t expect to make huge returns, as most collectibles end up being sold in charity shops for buttons. |
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Reader
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June 2016
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Are we in an Art Market Bubble?, by Reader on May 24, 2021 17:28:45 GMT 1, I feel like Instagram , YouTube, forums etc... have had a massive impact on collectibles in the last few years. It’s now very easy to join an echo chamber where buying expensive collectibles is legitimised. While some bubbles might pop, the mature assets with a proven track record are here to stay. The main concern is the concerted effort by some to create a false demand and ramp up price for short term gain. The standard rule applies of buy what you like and don’t expect to make huge returns, as most collectibles end up being sold in charity shops for buttons. exactly.... social media brings attention 2 many a “meh” artist nowadays, doing nothing new or exciting or exceptionally talented, yet they’re lauded n propped up by sycophants n greedy social media wanna b “influencers” who have a vested interested in said artist, corner the market early, then sell off at a massive profit when prices r at their apex.... then on 2 the next 1.... a handful of common sense goes a long way nowadays, but i digress, it’s no longer common anymore 😅
I feel like Instagram , YouTube, forums etc... have had a massive impact on collectibles in the last few years. It’s now very easy to join an echo chamber where buying expensive collectibles is legitimised. While some bubbles might pop, the mature assets with a proven track record are here to stay. The main concern is the concerted effort by some to create a false demand and ramp up price for short term gain. The standard rule applies of buy what you like and don’t expect to make huge returns, as most collectibles end up being sold in charity shops for buttons. exactly.... social media brings attention 2 many a “meh” artist nowadays, doing nothing new or exciting or exceptionally talented, yet they’re lauded n propped up by sycophants n greedy social media wanna b “influencers” who have a vested interested in said artist, corner the market early, then sell off at a massive profit when prices r at their apex.... then on 2 the next 1.... a handful of common sense goes a long way nowadays, but i digress, it’s no longer common anymore 😅 Those Facebook groups for single artists and "urban art" are insane. Just zero criticism with 100% of members boosting and hyping anything and everything with "great price" "amazing deal" etc etc, just legitimising and validating every single sale or release, new members getting swept up in it, kind of a self perpetuating system that's designed to fail at some point, and in a pretty big way. The pace is crazy, artists need to really take a close look and try and control it. |
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Are we in an Art Market Bubble?, by Daniel Silk on Aug 8, 2022 7:33:53 GMT 1, Doesn't it largely depend on the demand?
I mean the World market is much more connected than it was just a couple of years ago, and the number of people with disposable income has grown massively and is sure to keep growing for decades to come. That surely means millions of new Art Collectors coming online ever few months, so yes, it might be justified to call it a bubble, but it's going to keep growing and with no sign of bursting in sight.
Doesn't it largely depend on the demand?
I mean the World market is much more connected than it was just a couple of years ago, and the number of people with disposable income has grown massively and is sure to keep growing for decades to come. That surely means millions of new Art Collectors coming online ever few months, so yes, it might be justified to call it a bubble, but it's going to keep growing and with no sign of bursting in sight.
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Are we in an Art Market Bubble?, by Carl Cashman Art on Aug 8, 2022 8:45:07 GMT 1, 2007 sure was a bubble, there was a global recession the following year and prices crashed.
2007 sure was a bubble, there was a global recession the following year and prices crashed.
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Are we in an Art Market Bubble?, by Daniel Silk on Aug 8, 2022 10:50:00 GMT 1, Doesn't it largely depend on the demand? I mean the World market is much more connected than it was just a couple of years ago, and the number of people with disposable income has grown massively and is sure to keep growing for decades to come. That surely means millions of new Art Collectors coming online ever few months, so yes, it might be justified to call it a bubble, but it's going to keep growing and with no sign of bursting in sight. Lol showing the tory in you there. Theres a global financial crisis on. Denial wont stop it.
Please try to keep on subject rather than making stupid personal remarks 🙄
Doesn't it largely depend on the demand? I mean the World market is much more connected than it was just a couple of years ago, and the number of people with disposable income has grown massively and is sure to keep growing for decades to come. That surely means millions of new Art Collectors coming online ever few months, so yes, it might be justified to call it a bubble, but it's going to keep growing and with no sign of bursting in sight. Lol showing the tory in you there. Theres a global financial crisis on. Denial wont stop it. The subject was the Art Market, and your talking about the World Financial Market, yes of course they are connected, but as we saw in the past, the Art market normally does well when people start to fear putting their money in Banks or Traditional Investments. Please try to keep on subject rather than making stupid personal remarks 🙄 |
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Are we in an Art Market Bubble?, by Daniel Silk on Aug 8, 2022 11:10:22 GMT 1, The subject was the Art Market, and your talking about the World Financial Market, yes of course they are connected, but as we saw in the past, the Art market normally does well when people start to fear putting their money in Banks or Traditional Investments. Please try to keep on subject rather than making stupid personal remarks 🙄 Did i make stupid personal remarks? Or did you totally fail to realise the reasons you think the market will remain as is, are utterly flawed? "the number of people with disposable income has grown massively and is sure to keep growing for decades to come.” “That surely means millions of new Art Collectors coming online ever few months” "it's going to keep growing and with no sign of bursting in sight.” If we are talking only the art market then its a few blue chip artists that do ok as they are seen as safer, NOT the whole market. Thats just denial of reality. As seen in most tories. But yeah, im just stupid. Not stupid enough to vote tory though eh. i mean, we are all doing fine after 12 years of them arent we.
The threads I think your looking for are here -
urbanartassociation.com/board/101/watches-bitcoin-politics?
The subject was the Art Market, and your talking about the World Financial Market, yes of course they are connected, but as we saw in the past, the Art market normally does well when people start to fear putting their money in Banks or Traditional Investments. Please try to keep on subject rather than making stupid personal remarks 🙄 Did i make stupid personal remarks? Or did you totally fail to realise the reasons you think the market will remain as is, are utterly flawed? "the number of people with disposable income has grown massively and is sure to keep growing for decades to come.” “That surely means millions of new Art Collectors coming online ever few months” "it's going to keep growing and with no sign of bursting in sight.” If we are talking only the art market then its a few blue chip artists that do ok as they are seen as safer, NOT the whole market. Thats just denial of reality. As seen in most tories. But yeah, im just stupid. Not stupid enough to vote tory though eh. i mean, we are all doing fine after 12 years of them arent we. The threads I think your looking for are here - urbanartassociation.com/board/101/watches-bitcoin-politics? |
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Are we in an Art Market Bubble?, by Daniel Silk on Aug 8, 2022 11:32:07 GMT 1, Nah, thats just deflection, that means you dont bother to address the gaping holes in your theory.
Nah, thats just deflection, that means you dont bother to address the gaping holes in your theory. So, to be clear, are you saying that if one country, the United Kingdom had a different political party in leadership it would have a big positive impact on the World Financial Situation and back to the subject of the thread, they would be good for the continuation of a strong World Art Market with growing values? |
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Are we in an Art Market Bubble?, by Carl Cashman Art on Aug 8, 2022 13:24:13 GMT 1, Lol showing the tory in you there. Theres a global financial crisis on. Denial wont stop it. The subject was the Art Market, and your talking about the World Financial Market, yes of course they are connected, but as we saw in the past, the Art market normally does well when people start to fear putting their money in Banks or Traditional Investments. Please try to keep on subject rather than making stupid personal remarks 🙄
Lol showing the tory in you there. Theres a global financial crisis on. Denial wont stop it. The subject was the Art Market, and your talking about the World Financial Market, yes of course they are connected, but as we saw in the past, the Art market normally does well when people start to fear putting their money in Banks or Traditional Investments. Please try to keep on subject rather than making stupid personal remarks 🙄 Art crashed when the finances did, one certainly didn't boost the other. Damien Hirsts auction was pretty much the same day it all went to pot. |
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Are we in an Art Market Bubble?, by Jeezuz Jones Snr on Aug 8, 2022 15:27:28 GMT 1, Art as with all assets is currently deflating, a lot of (overpriced prints sold during covid) works will look like bargains in the next year or two. Banksy prices have come down recently, but I feel he is better placed as he's the only artist with solid security for buyers/ authenticity practice in place in a market where there are so many fakes.
The post above is correct in that governments are to blame for the current incoming downturn whereas in 2008 it was all about dodgy banking etc.. here is a link with stats to the art crash after the GFC
www.businessinsider.com/henry-blodget-art-market-crashes-2009-4
And I recall Banksy prices picked up in 2011 and continued to rise (due to limited supply) to where we are today.
Problem with this downturn is how far will the falls go as we are in unknown territory (covid,war,inflation,climate change etc etc..). Likely to be hard times so watch your finances guys 👍
Art as with all assets is currently deflating, a lot of (overpriced prints sold during covid) works will look like bargains in the next year or two. Banksy prices have come down recently, but I feel he is better placed as he's the only artist with solid security for buyers/ authenticity practice in place in a market where there are so many fakes. The post above is correct in that governments are to blame for the current incoming downturn whereas in 2008 it was all about dodgy banking etc.. here is a link with stats to the art crash after the GFC www.businessinsider.com/henry-blodget-art-market-crashes-2009-4And I recall Banksy prices picked up in 2011 and continued to rise (due to limited supply) to where we are today. Problem with this downturn is how far will the falls go as we are in unknown territory (covid,war,inflation,climate change etc etc..). Likely to be hard times so watch your finances guys 👍 |
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Are we in an Art Market Bubble?, by Acme Thunderer on Aug 8, 2022 16:03:07 GMT 1, It is simple economics that means things can’t keep on going in the same direction (i.e. up). The cycle means that every xx years there will be a downturn. We’ve got a ‘global cocktail’ of Covid, energy/fuel prices and Ukraine war which is having an effect and squeezing disposable income so now is actually a good time for the cycle to go into a recession. This would happen regardless of the political party in power (in UK or US) and crypto is a result of the ‘global cocktail’ previously mentioned.
On a positive note, good art is still selling out when released and this look’s very healthy. Flippers can’t cream the profit as much as the galleries/artists are charging more realistic prices on release - hurrah.
For those who are selling, remember who the reliable and long-standing buyers are (i.e. people like me) so it is important who you are dealing with and not always who offers the higher price. I’ve noticed more deals falling through so sellers should be conscious of this.
I’m looking forward to splashing some cash on some more art this week, while I can. 😁
It is simple economics that means things can’t keep on going in the same direction (i.e. up). The cycle means that every xx years there will be a downturn. We’ve got a ‘global cocktail’ of Covid, energy/fuel prices and Ukraine war which is having an effect and squeezing disposable income so now is actually a good time for the cycle to go into a recession. This would happen regardless of the political party in power (in UK or US) and crypto is a result of the ‘global cocktail’ previously mentioned.
On a positive note, good art is still selling out when released and this look’s very healthy. Flippers can’t cream the profit as much as the galleries/artists are charging more realistic prices on release - hurrah.
For those who are selling, remember who the reliable and long-standing buyers are (i.e. people like me) so it is important who you are dealing with and not always who offers the higher price. I’ve noticed more deals falling through so sellers should be conscious of this.
I’m looking forward to splashing some cash on some more art this week, while I can. 😁
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pranart
New Member
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Location: London
July 2022
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Are we in an Art Market Bubble?, by pranart on Aug 8, 2022 16:56:41 GMT 1, Interesting, people are always quick to jump to freedom when white people are involved. Yemen? Palestine? Anyone? What about the two illegals wars we co-led in Iraq and Afghanistan?
I don’t support the war in Ukraine or the intervention. I think the time for action was when the original annexation happened.
art in itself is an act of politics.
Interesting, people are always quick to jump to freedom when white people are involved. Yemen? Palestine? Anyone? What about the two illegals wars we co-led in Iraq and Afghanistan?
I don’t support the war in Ukraine or the intervention. I think the time for action was when the original annexation happened.
art in itself is an act of politics.
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LJCal
Junior Member
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December 2019
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Are we in an Art Market Bubble?, by LJCal on Aug 8, 2022 17:08:37 GMT 1, I’m sorry I’ve stepped into the Guardian/Telegraph comments section. Really surprises me that people haven’t figured out they’re pawns in an ugly culture war which is completely undermining their own interests. Left/right, black/white, man/women, gay/straight until people find common ground and stop attacking each other and blaming one another we will not get anywhere whilst society around us decays and crumbles. Let’s all focus our energy at solving the real issues, like art price inflation!
I’m sorry I’ve stepped into the Guardian/Telegraph comments section. Really surprises me that people haven’t figured out they’re pawns in an ugly culture war which is completely undermining their own interests. Left/right, black/white, man/women, gay/straight until people find common ground and stop attacking each other and blaming one another we will not get anywhere whilst society around us decays and crumbles. Let’s all focus our energy at solving the real issues, like art price inflation!
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Are we in an Art Market Bubble?, by Acme Thunderer on Aug 8, 2022 17:34:17 GMT 1, I’m sorry I’ve stepped into the Guardian/Telegraph comments section. Really surprises me that people haven’t figured out they’re pawns in an ugly culture war which is completely undermining their own interests. Left/right, black/white, man/women, gay/straight until people find common ground and stop attacking each other and blaming one another we will not get anywhere whilst society around us decays and crumbles. Let’s all focus our energy at solving the real issues, like art price inflation!
I’m sorry I’ve stepped into the Guardian/Telegraph comments section. Really surprises me that people haven’t figured out they’re pawns in an ugly culture war which is completely undermining their own interests. Left/right, black/white, man/women, gay/straight until people find common ground and stop attacking each other and blaming one another we will not get anywhere whilst society around us decays and crumbles. Let’s all focus our energy at solving the real issues, like art price inflation! Well said. Back to the art again please peeps and hope that narrow-minded views are kept to other threads. |
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Are we in an Art Market Bubble?, by The Greased Piglet on Aug 8, 2022 18:47:50 GMT 1, I’m sorry I’ve stepped into the Guardian/Telegraph comments section. Really surprises me that people haven’t figured out they’re pawns in an ugly culture war which is completely undermining their own interests. Left/right, black/white, man/women, gay/straight until people find common ground and stop attacking each other and blaming one another we will not get anywhere whilst society around us decays and crumbles. Let’s all focus our energy at solving the real issues, like art price inflation! What makes you think people dont realise? Some are fully aware, thats why its so annoying to watch.
I’m sorry I’ve stepped into the Guardian/Telegraph comments section. Really surprises me that people haven’t figured out they’re pawns in an ugly culture war which is completely undermining their own interests. Left/right, black/white, man/women, gay/straight until people find common ground and stop attacking each other and blaming one another we will not get anywhere whilst society around us decays and crumbles. Let’s all focus our energy at solving the real issues, like art price inflation! What makes you think people dont realise? Some are fully aware, thats why its so annoying to watch. Judging by your previous comments you seem blissfully unaware, and I have some disappointing news for you, as much as the Tories are amoral, corrupt, and incompetent a change of political party is not going to address the issues we face. We need radical root and branch reform of the entire economic, political and social structures which none of the major political parties have the stomach for. |
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nobokov
Junior Member
🗨️ 4,948
👍🏻 6,901
February 2016
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Are we in an Art Market Bubble?, by nobokov on Aug 8, 2022 22:36:42 GMT 1, We were in a art market bubble. That bubble has been punctured and the air is slowly running out. Just take a look around, this forum is inundated with For Sale posts. The rest of the posts are being resurrected artificially to try and keep the mojo going and try to sell unsold inventory on outdated artists. But it's long gone.
Yet prices are still too high for editions, and galleries are still trying to charge high prices for art school graduates. Hundreds of 'hand-embellished' prints are now sitting on the shelf unsold. Thousands of pigment prints are lying in piles in the copy room. The Russian oligarchs are on the fritz and the Chinese brawling over KAWS shirts are now confined to their homes. The world is on fire and supersized hamburgers are being shrinkflated.
Now that the crypto bubble burst, all of the bros gambling profits can no longer be spent on art to flip. The party is over folks, time to go get a real job.
We were in a art market bubble. That bubble has been punctured and the air is slowly running out. Just take a look around, this forum is inundated with For Sale posts. The rest of the posts are being resurrected artificially to try and keep the mojo going and try to sell unsold inventory on outdated artists. But it's long gone. Yet prices are still too high for editions, and galleries are still trying to charge high prices for art school graduates. Hundreds of 'hand-embellished' prints are now sitting on the shelf unsold. Thousands of pigment prints are lying in piles in the copy room. The Russian oligarchs are on the fritz and the Chinese brawling over KAWS shirts are now confined to their homes. The world is on fire and supersized hamburgers are being shrinkflated.
Now that the crypto bubble burst, all of the bros gambling profits can no longer be spent on art to flip. The party is over folks, time to go get a real job. |
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Are we in an Art Market Bubble?, by Daniel Silk on Aug 8, 2022 22:56:04 GMT 1, We were in a art market bubble. That bubble has been punctured and the air is slowly running out. Just take a look around, this forum is inundated with For Sale posts. The rest of the posts are being resurrected artificially to try and keep the mojo going and try to sell unsold inventory. But it's long gone. Yet prices are still too high for editions, and galleries are still trying to charge high prices for art school graduates. Hundreds of 'hand-embellished' prints are now sitting on the shelf unsold. Thousands of pigment prints are lying in piles in the copy room. The Russian oligarchs are on the fritz and the Chinese brawling over KAWS shirts are now confined to their homes. The world is on fire and supersized hamburgers are being shrinkflated.
Now that the crypto bubble burst, all of the bros gambling profits can no longer be spent on art to flip. The party is over folks, time to go get a real job.
We were in a art market bubble. That bubble has been punctured and the air is slowly running out. Just take a look around, this forum is inundated with For Sale posts. The rest of the posts are being resurrected artificially to try and keep the mojo going and try to sell unsold inventory. But it's long gone. Yet prices are still too high for editions, and galleries are still trying to charge high prices for art school graduates. Hundreds of 'hand-embellished' prints are now sitting on the shelf unsold. Thousands of pigment prints are lying in piles in the copy room. The Russian oligarchs are on the fritz and the Chinese brawling over KAWS shirts are now confined to their homes. The world is on fire and supersized hamburgers are being shrinkflated.
Now that the crypto bubble burst, all of the bros gambling profits can no longer be spent on art to flip. The party is over folks, time to go get a real job. Actually, I'm surprised at how little people are trying to sell at the moment. I think most art collectors are maybe feeling this is not a good time to be selling, so prefer to hold out for a few years down the line. On the other hand it feels like the buyers are there! Trying to pick up a bargain, but only for very selective pieces. Those who got caught up in the hype buying shit, will get their fingers burnt 🔥 |
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Are we in an Art Market Bubble?, by Daniel Silk on Sept 29, 2022 2:31:36 GMT 1, So many countries around the World are at totally different levels of development, it's very hard and maybe unfair to compare. But what effects does it have here in the Art market? Are the Super Rich spend large on Urban Art?
https://www.instagram.com/p/Ci9fXjEOrXK
So many countries around the World are at totally different levels of development, it's very hard and maybe unfair to compare. But what effects does it have here in the Art market? Are the Super Rich spend large on Urban Art? https://www.instagram.com/p/Ci9fXjEOrXK |
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Are we in an Art Market Bubble?, by Daniel Silk on Dec 8, 2022 12:16:52 GMT 1, Things are on the up? 😉
I'm getting the feeling that with things getting tight, artists are come back to focus on their fans, reconnecting with there original fans that were there at the start.
Things are on the up? 😉
I'm getting the feeling that with things getting tight, artists are come back to focus on their fans, reconnecting with there original fans that were there at the start.
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