Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Art and Oil: A Western Combination?

May 24, 2008 by Marion Maneker

As Oil Prices Climb, What Are the Consequences for the Art Market

The rise in oil prices has had some unexpected knock-on effects in the rest of the economy. Now, the pop in the American Paintings market–especially the Thomas Moran “Green River Wyoming” selling for $17 million–is being explained by the price of oil. On Bloomberg.com, Lindsay Pollock quotes Eric Widing as saying that oil money was driving the top of the American Paintings market, especially the market for Western art. In a quick reversal, the story then tells us that the market for Western art is no longer just in “Texas, Denver and Oklahoma.” It’s all over the country.

More from Art Market Monitor

  • Roberta Smith Approves of Google Art ProjectRoberta Smith Approves of Google Art Project
  • Americana Market ShareAmericana Market Share
  • Vernissage TV: Venice Biennale 2013Vernissage TV: Venice Biennale 2013
  • Another Rare Chinese Ceramic Turns Up in UK ProvincesAnother Rare Chinese Ceramic Turns Up in UK Provinces
  • The Truth About Detroit’s Institute of ArtsThe Truth About Detroit’s Institute of Arts
  • Bigfoot Buyer Cohen Gets OutbidBigfoot Buyer Cohen Gets Outbid

Filed Under: General

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor