Art Market Monitor

Global Coverage ~ Unique Analysis

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

New Economies Under-Invested in Art, Hoffman Says

December 16, 2013 by Marion Maneker

Screen Shot 2013-12-16 at 9.47.42 AM

Philip Hoffman continues to be the voice of the art market. Here he’s on Bloomberg TV last week talking about the new interest in art as an asset. Hoffman has been one of the most visible figures in that world and he underscores that with this quote about Russia and the Gulf States:

There is a tsunami of money heading toward a very small island which is the art world. At the very top end of the art market there is huge interest from all the new economies. There is a fascination with the art market. The new economies are under invested in art. They have practically zero. They are buying and they’re buying at the top end.

 

More from Art Market Monitor

  • Hong Kong: Asia's CapitalHong Kong: Asia's Capital
  • Murakami Brought Marciano Back to CollectingMurakami Brought Marciano Back to Collecting
  • Butterfield’s Donatello Sells in $8-11m DealButterfield’s Donatello Sells in $8-11m Deal
  • Acquavella’s Greatest HitsAcquavella’s Greatest Hits
  • Who Buys Art on a Cruise Ship? Too ManyWho Buys Art on a Cruise Ship? Too Many
  • Late Hartung Spray Paintings Get Their MomentLate Hartung Spray Paintings Get Their Moment

Filed Under: Economic Trends Tagged With: The Fine Art Fund

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...