Art Market Monitor

Global Coverage ~ Unique Analysis

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

Turkey’s Art Market Grows with Economy

February 9, 2012 by Marion Maneker

CNN tackles the Turkish art market which has grown as the economy doubled in size since the 2001 banking crisis:

“These numbers have gotten quite astronomical,” said Kerimcan Guleryuz, owner of the recently opened Empire Project art gallery.

Guleryuz is the son of Mehmet Guleryuz, one of Turkey’s most famous living painters.

“Unfortunately, until five or 10 years ago … the number of artists I could count who were making a living just off of their work was three to five, maybe,” Kerimcan Guleryuz said. “Now you can look at a work from Taner Ceylan being put in the Sotheby’s auction and reaching more than 280,000 pounds sterling ($444,000).” […]

“The influence of the Turkish economy’s growth has unquestionably been one of the most important catalysts to this growth in the sales of artwork,” gallery owner Guleryuz said. “They go hand in hand. Unless you have economic stability, unless you have growth, you will not have sales in art. It’s just not possible.”

The Boom of the Turkish Art Market (CNN)

More from Art Market Monitor

  • View a Damien Hirst or Tracey Emin Then Buy a MaseratiView a Damien Hirst or Tracey Emin Then Buy a Maserati
  • Don’t Blame the Market, Good Museums Built the Public’s Taste for Contemporary ArtDon’t Blame the Market, Good Museums Built the Public’s Taste for Contemporary Art
  • ArtBasel Sales, Pt. 3ArtBasel Sales, Pt. 3
  • Sotheby’s Directors’ ‘Mistake’ May Turn Out to Be Their Best Move in Board FightSotheby’s Directors’ ‘Mistake’ May Turn Out to Be Their Best Move in Board Fight
  • Set of Matisse Backs to Be Broken Up Without $200m BuyerSet of Matisse Backs to Be Broken Up Without $200m Buyer
  • I'm So Bored with the USAI'm So Bored with the USA

Filed Under: Emerging Markets, 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
 

Loading Comments...