ozmataz
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February 2016
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Galleries Blocking Speculative Buyers?, by ozmataz on Aug 22, 2023 13:29:33 GMT 1, So, reading this article about how galleries and some artists prevent some collectors from buying up their inventory. I had heard a little bit about this, but I have to admit it sounded weird. If you have the money, you still can't just walk in and buy someone's art... you might have to buy 2 pieces, and give one away to a museum.
Seriously?
www.nytimes.com/2023/08/14/t-magazine/auditioning-art-collectors.html
So, reading this article about how galleries and some artists prevent some collectors from buying up their inventory. I had heard a little bit about this, but I have to admit it sounded weird. If you have the money, you still can't just walk in and buy someone's art... you might have to buy 2 pieces, and give one away to a museum. Seriously? www.nytimes.com/2023/08/14/t-magazine/auditioning-art-collectors.html |
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Winter
Junior Member
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March 2007
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Galleries Blocking Speculative Buyers?, by Winter on Aug 22, 2023 14:04:17 GMT 1, This is very well documented in the art world. Galleries will often (at least) like to know what other art you have in your collection. It is the gallery's responsibility to build the artists career and place art into good collctions and ideally museums and institutions. What most galleries don't want is to sell to speculators who will just flip the work at the earliest opportunity. Buying and donating is becoming more common.
This is very well documented in the art world. Galleries will often (at least) like to know what other art you have in your collection. It is the gallery's responsibility to build the artists career and place art into good collctions and ideally museums and institutions. What most galleries don't want is to sell to speculators who will just flip the work at the earliest opportunity. Buying and donating is becoming more common.
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ozmataz
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February 2016
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Galleries Blocking Speculative Buyers?, by ozmataz on Aug 22, 2023 14:09:27 GMT 1, "Starving artist" is not applicable here I am guessing. This must be the "1% er" world...
"Starving artist" is not applicable here I am guessing. This must be the "1% er" world...
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Galleries Blocking Speculative Buyers?, by Jimini Cricket on Aug 22, 2023 14:14:43 GMT 1, So, reading this article about how galleries and some artists prevent some collectors from buying up their inventory. I had heard a little bit about this, but I have to admit it sounded weird. If you have the money, you still can't just walk in and buy someone's art... you might have to buy 2 pieces, and give one away to a museum. Seriously? www.nytimes.com/2023/08/14/t-magazine/auditioning-art-collectors.html
If no one wants the artist, you have all the bargaining power. Just don't expect the art to hold its value as you'll be the one left holding the baby.
So, reading this article about how galleries and some artists prevent some collectors from buying up their inventory. I had heard a little bit about this, but I have to admit it sounded weird. If you have the money, you still can't just walk in and buy someone's art... you might have to buy 2 pieces, and give one away to a museum. Seriously? www.nytimes.com/2023/08/14/t-magazine/auditioning-art-collectors.htmlThese conditions only applies to hot artists that can actually flip for a profit. If no one wants the artist, you have all the bargaining power. Just don't expect the art to hold its value as you'll be the one left holding the baby. |
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rinz
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October 2019
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Galleries Blocking Speculative Buyers?, by rinz on Aug 22, 2023 14:47:41 GMT 1, It's pretty common practice that the gallery screens the buyers. It is very important for an artists career, that the work will end up with good collectors rather than auction houses. Plenty of artists have a demand that is way higher than the supply, therefore a screening is a good solution to who the works will be sold too. Many artists are hard to get OG's from at primary; Eliot Greenwald, Mehdi Ghadyanloo, Figgis, Rokkaku, Camilla Engstrom to name a few new names.
It's pretty common practice that the gallery screens the buyers. It is very important for an artists career, that the work will end up with good collectors rather than auction houses. Plenty of artists have a demand that is way higher than the supply, therefore a screening is a good solution to who the works will be sold too. Many artists are hard to get OG's from at primary; Eliot Greenwald, Mehdi Ghadyanloo, Figgis, Rokkaku, Camilla Engstrom to name a few new names.
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ozmataz
New Member
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February 2016
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Galleries Blocking Speculative Buyers?, by ozmataz on Aug 22, 2023 15:40:07 GMT 1, Also interesting from the list you mentioned how many of these newer high-demand artists are all self-taught, no training or art school. Rokkaku, Engstrom, Kerwick, etc
Also interesting from the list you mentioned how many of these newer high-demand artists are all self-taught, no training or art school. Rokkaku, Engstrom, Kerwick, etc
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Pawel
Junior Member
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June 2015
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Galleries Blocking Speculative Buyers?, by Pawel on Aug 22, 2023 15:57:59 GMT 1, Nothing new really
Nothing new really
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Cardiff
Junior Member
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January 2009
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Galleries Blocking Speculative Buyers?, by Cardiff on Aug 22, 2023 20:16:26 GMT 1, Never saw that one...thanks for sharing.
Never saw that one...thanks for sharing. |
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sakesake
New Member
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December 2016
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Galleries Blocking Speculative Buyers?, by sakesake on Aug 22, 2023 20:51:50 GMT 1, Also interesting from the list you mentioned how many of these newer high-demand artists are all self-taught, no training or art school. Rokkaku, Engstrom, Kerwick, etc
Who needs art school when you can copy Nara for free...
Also interesting from the list you mentioned how many of these newer high-demand artists are all self-taught, no training or art school. Rokkaku, Engstrom, Kerwick, etc Who needs art school when you can copy Nara for free... |
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sean1397
New Member
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May 2019
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Galleries Blocking Speculative Buyers?, by sean1397 on Aug 22, 2023 21:15:27 GMT 1, This is to rare. Galleries look for buyers who do not flip the art, have friends who are collectors, live and display the art in nice places (Aspen, Paris, Hamptons, Beverly Hills, etc) and have wealthy friends. They also obviously love celebrities. They want repeat buyers but they don't want one person to own 100+ pieces. Navigating galleries is a skill and every gallery differs. Having great gallery relationships is very important.
This is to rare. Galleries look for buyers who do not flip the art, have friends who are collectors, live and display the art in nice places (Aspen, Paris, Hamptons, Beverly Hills, etc) and have wealthy friends. They also obviously love celebrities. They want repeat buyers but they don't want one person to own 100+ pieces. Navigating galleries is a skill and every gallery differs. Having great gallery relationships is very important.
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Galleries Blocking Speculative Buyers?, by Jimini Cricket on Aug 23, 2023 0:04:43 GMT 1, It's pretty common practice that the gallery screens the buyers. It is very important for an artists career, that the work will end up with good collectors rather than auction houses. Plenty of artists have a demand that is way higher than the supply, therefore a screening is a good solution to who the works will be sold too. Many artists are hard to get OG's from at primary; Eliot Greenwald, Mehdi Ghadyanloo, Figgis, Rokkaku, Camilla Engstrom to name a few new names.
In a good way it means that buyers coming in with this lens don't actually know how to spot good art which makes it easier for others to pick up good art with no sales data.
Remember once upon a time all these artists were starting out and overlooked. It's happening right now if you know how to navigate the ecosystem.
It's pretty common practice that the gallery screens the buyers. It is very important for an artists career, that the work will end up with good collectors rather than auction houses. Plenty of artists have a demand that is way higher than the supply, therefore a screening is a good solution to who the works will be sold too. Many artists are hard to get OG's from at primary; Eliot Greenwald, Mehdi Ghadyanloo, Figgis, Rokkaku, Camilla Engstrom to name a few new names. This list of artists are considered flippable investments which explains the high demand. Ppl no longer looking at the art, more so the ROI. In a good way it means that buyers coming in with this lens don't actually know how to spot good art which makes it easier for others to pick up good art with no sales data. Remember once upon a time all these artists were starting out and overlooked. It's happening right now if you know how to navigate the ecosystem. |
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