Art Market Monitor

Global Coverage ~ Unique Analysis

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

Where Are the Contemporary Collectors Going?

May 11, 2009 by Marion Maneker

Luxist.com‘s Diedre Woollard looks into the dueling Picasso sales last week and comes up with this answer from Judd Tully.

Why did Christie’s Picasso painting sells while the Sotheby’s offering didn’t?Was the estimate too high? Christie’s had a little help with Mousquetaire à la pipe in the form of a third-party guarantee which basically means that an interested buyer already agreed to buy the painting at a certain price and was given a piece of the profits if outbid. Judd Tully of ArtInfo also tells Luxist that the later Picassos sold by Christie’s are “much more appealing to contemporary/Post-War collectors, widening the pool of people who might be interested.”

Setting aside the problems with comparing the prices on dissimilar works of art by the same artist, Tully’s quote is a reminder that many of the biggest Contemporary art collectors have been migrating into other time periods and regions over the past few years. Contemporary art has proved a capacious gateway into a kind of eclectic collecting that might see the art market through the next few rocky years.

Spring Art Auction Sales, When Picasso is Not Enough (Luxist.com)

More from Art Market Monitor

  • Christie’s Imp-Mod Evening Sale = £165.6mChristie’s Imp-Mod Evening Sale = £165.6m
  • Christie’s London Imp-Mod = £152mChristie’s London Imp-Mod = £152m
  • ‘My money goes in collecting art’‘My money goes in collecting art’
  • The Clear-Eyed CollectorThe Clear-Eyed Collector
  • Flipped to Posterity, A Cézanne Tests the Market’s Ability to Value History & TasteFlipped to Posterity, A Cézanne Tests the Market’s Ability to Value History & Taste
  • A Serra Changes StatusA Serra Changes Status

Filed Under: Auction Results

About Marion Maneker

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

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • The Billion-Dollar NYC Apartment of Ben Heller
  • Sotheby's Pulls in a $9m David Hockney for November
  • About Us/ Contact
  • David Bowie Talks About Art (with Julian Schnabel)
  • Mapping a Career in the Art World
  • 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