Art Market Monitor

Global Coverage ~ Unique Analysis

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

Art Market Supported by Inflation Fears?

May 11, 2009 by Marion Maneker

Its a running theme of the global art market. In times of inflation, hard assets gain value. Some doubters point to the fact that true inflation means wages put pressure on profits that would presumably be the basis for art purchases. So there will be less money around in the hands of future buyers. What’s the solution? Well, buying A+ art might be the best defense. Which could explain the success of Impressionist works in the the Imp/Mod sales last week.

Here’s Georgina Adam in the Financial Times with a few choice quotes from some dealers who are more associated with the Contemporary market:

Among the strong bidders at the sales was the private London dealer Ivor Braka. Asked why he thought they had done so well, he said: “Perhaps people are anticipating global inflation, and want to put their money into something tangible,” while the art dealer José Mugrabi commented: “At the moment there is more money being produced than paintings.”

The Art Market: Stunning Sales and Bother at Basel (Financial Times)

More from Art Market Monitor

  • Understanding the Abu Dhabi Art FairUnderstanding the Abu Dhabi Art Fair
  • Not Interested in Naked BruniNot Interested in Naked Bruni
  • ABMiami: Toning Down & Spreading OutABMiami: Toning Down & Spreading Out
  • Gagosian: New York's Dominance WaningGagosian: New York's Dominance Waning
  • 2 x 200 Wants You to Own Art2 x 200 Wants You to Own Art
  • How to Make Your Art an InvestmentHow to Make Your Art an Investment

Filed Under: General Tagged With: Featured

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