Art Market Monitor

Scott Reyburn got these interesting quotes while previewing TEFAF for Bloomberg where 263 dealers will show $2.7B in art. Tomorrow the preview begins:

• “If you’re going to do one fair, Maastricht has to be it,” Jean-Luc Baroni, a London-based Old Master pictures dealer, said in an interview. “Though some collectors only buy at auction, it’s an event where dealers see a lot of clients and do sell. It gives us a chance against the auction houses.”

• “The high auction prices are good news for the market as a whole, but it’s scary for dealers,” said Dominique Levy, director of the New York-based modern and contemporary art specialists L & M. “In the six months after the fall of Lehman Brothers we had phenomenal access to private works.”

$2.7 Billion Dutch Fair Lures Collectors as Confidence Rises (Bloomberg)

Also of Interest:

• TEFAF Sells Art for 30% Off
  Bloomberg’s Scott Reyburn declares a blanket 30% drop in the price level at TEFAF: “Tefaf is an Eldorado of billionaires,”...
  
• Reyburn on TEFAF: Prices Cut
  Bloomberg’s Scott Reyburn has a long and mixed report on the sales action in Maastricht this weekend. Old Master dealers...
  
• Green Dots at TEFAF
  Bloomberg mops up a few more big TEFAF deals including a strong sweep of reserves at Dickinson: 1967 Rothko oil-on-paper...
  
• Art Basel Feedback
  Scott Reyburn talks to industry players at Art Basel to take the pulse of the fair: “We’ve seen buyers from...
  
• Bloomberg Goes to TEFAF
  Bloomberg has a few sales from Maastricht: The 1982 Basquiat painting, showing a black figure and titled “Busted Atlas 2,”...