Art Market Monitor

Global Coverage ~ Unique Analysis

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

Art Lovers Nudge Out Investors in Contemporary Art

July 26, 2011 by Marion Maneker

The Herald Scotland says the RICS survey identifies more art lovers among Contemporary buyers than investors:

Despite the recession and tight financial circumstances, the latest arts and antiques survey published by the Royal Institution of Chartered Surveyors found that contemporary art prices at auctions rose in the second quarter of 2011. More than 20% of chartered surveyors reported prices rose, the highest since mid-2008.

“It appears that buyers with an interest purely in the aesthetic value of contemporary pieces may be entering the market, which in recent times has been dominated by those acquiring works as a financial investment,” a statement said.

Art prices on the increase as aesthetes replace investors (Herald Scotland)

More from Art Market Monitor

  • What Zao Wou-ki Learned from Picasso & CezanneWhat Zao Wou-ki Learned from Picasso & Cezanne
  • Quality at a Reasonable Price
  • At Sotheby’s, Surprise Winners & LosersAt Sotheby’s, Surprise Winners & Losers
  • Hauser + Wirth Takes Over David Smith Estate with Plans to ‘Revist and re-contextualize the work’Hauser + Wirth Takes Over David Smith Estate with Plans to ‘Revist and re-contextualize the work’
  • Defending Auction DataDefending Auction Data
  • Art Staycations in Napa ValleyArt Staycations in Napa Valley

Filed Under: General

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
  • 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?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Selection Bias In Art Is What Creates Value
  • Aboudia, Zemba Luzamba, Dickens Otieno Anchor Contemporary African Art Sale at Artcurial in Marrakesh
  • Tracey Emin Neon Lights Up Sotheby's 'Contemporary Showcase' Pop-Up
  • How to Chant Like an Auctioneer
  • Sotheby's Pulls in a $9m David Hockney for November
  • 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