Bloomberg’s Scott Reyburn previews TEFAF in Maastricht with a YSL tease: will the wealthy who bought in Paris keep on buying some of the $1 billion worth of art on display at the fair? Well, there’s always hope. Here are a few variations on a theme from the dealers who are going:
“Maastricht attracts a lot of older collectors,” said the Berlin-based photography dealer Rudolf Kicken, who also debuts at Tefaf. “The market has been dominated by the aggressive buying of nouveau riche people, and now the older collectors are coming back.” [ . . . ]
“There are people with lots of money sitting in bank accounts who don’t know what to do with their cash,” said the Old Master paintings dealer Konrad Bernheimer, a member of the Tefaf board of trustees and a director of the London- and Munich- based gallery Bernheimer-Colnaghi. [ . . . ]
“In these turbulent times,” Luxembourg said in an interview, “it’s reassuring to be surrounded by art that’s always been valuable.” Luxembourg, a specialist in modern and contemporary works, is a debut exhibitor at Tefaf.