Art Market Monitor

Global Coverage ~ Unique Analysis

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

Art Market Confidence Goes Negative But Not for $1m+ Works

October 10, 2011 by Marion Maneker

On the eve of the Frieze Fair and auctions, Arttactic releases its confidence poll which has turned negative in the face of Europe’s banking crisis and the attendant economic confusion it might cause. Even with that negativity, Arttactic still sees strength in the sector of the art market used as an alternate store of value:

The top end of the art market perceived as ‘store of value’: Although the general art market has turned negative towards the 6 month outlook for the contemporary art market, the confidence at the top end of the contemporary art market (works valued at $1 million or above) remains strongly positive. The $500,000 – $1,000,000 price range have seen confidence dropping 35% since June 2011, whilst the mid-range market of $100,000 – $500,000, experienced a 67% drop in confidence.

Arttactic Confidence Report (Arttactic)

More from Art Market Monitor

  • Sotheby’s Q3 Results, Revs Up, Auction Sales & Commission DownSotheby’s Q3 Results, Revs Up, Auction Sales & Commission Down
  • Christie’s London Imp-Mod/Surrealism = £95.9mChristie’s London Imp-Mod/Surrealism = £95.9m
  • It's Not All About Banksy . . . or Is It?It's Not All About Banksy . . . or Is It?
  • Tyranny of the 1.5% at May Auctions in New YorkTyranny of the 1.5% at May Auctions in New York
  • Saltz: MoMA, Don’t Sell Monet for Koons Train!Saltz: MoMA, Don’t Sell Monet for Koons Train!
  • Milwaukee Leverages Its Hidden Strength in Art with Huge Outdoor Sculpture EventMilwaukee Leverages Its Hidden Strength in Art with Huge Outdoor Sculpture Event

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
  • Tony Podesta's Secret Art Buying
  • Restituted Van Gogh Portrait from London Collection to Sell at Christie’s
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Christie’s to Sell Its First Fully Digital Work of Art in Test of Emerging Market
  • Basquiat's Last Girlfriend
  • Podcast
  • How to Chant Like an Auctioneer
  • 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