Art Market Monitor

Global Coverage ~ Unique Analysis

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

The Perils of Contemporary Art

March 29, 2010 by Marion Maneker

Last week, Colin Gleadell made an excellent point about the dangers of buying art straight out of the studio:

Liverpool pools heir James Moores was having a spring-clean at Bonhams last week when a number of large contemporary works he had acquired through local exhibitions over the years – New Contemporaries or the John Moores Prize – were on sale from £600 to £3,000 each. Sad to report that few, even those by well-known artists such as DJ Simpson, Sue Arrowsmith and Martin McGinn, were sold. Moores should take a tip from Saatchi and donate his unwanted material to local museums.

Market News (Telegraph)

More from Art Market Monitor

  • The Repatriation GameThe Repatriation Game
  • Christie’s Design = $14.5mChristie’s Design = $14.5m
  • Christie’s NY PWC = $412m
  • Auerbach Takes OffAuerbach Takes Off
  • Chinese Buyers Can Get a Better Bargain on Van Gogh than Zao Wou-ki, WSJ SaysChinese Buyers Can Get a Better Bargain on Van Gogh than Zao Wou-ki, WSJ Says
  • The Battle for France The Battle for France

Filed Under: Collectors

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