Art Market Monitor

Global Coverage ~ Unique Analysis

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

“I Learned A Lot from Hanging Out with Dealers”

February 20, 2019 by Marion Maneker

New Fees at Sotheby's too; Dean Valentine talks to the Times; Dallas Art Fair opens flexi-space; Swizz Beatz is a some sort of saint; What your business manager hears when you talk about buying art.

This commentary by Marion Maneker is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)

New Fees Coming for Sotheby’s Next Week

There will be changes to the Buyer’s Premium starting February 25th at Sotheby’s too. The full rate card is here but the news is:

  • the 25% BP tier applies under $400,000 for sales in New York, £300,000 in London, €250,000 in Paris, €250,000 in Milan, CHF400,000 in Switzerland, and HK$3,500,000 in Hong Kong
  • above that level the BP will be 20% until $4m/£3m
  • Over $4m/£3m, the BP will rise from 12.9% to 13.9%.  That change applies to New York, London, Paris, Switzerland and Hong Kong, and for Milan where VAT also applies.

Valentine’s Day in the Sun

The New York Times does its “Show Us Your Walls” thing with Dean Valentine but the striking takeaway is this brief quote from the collector that makes you wonder if this isn’t the real difference between the art world of late 20th Century and the fair-driven business of today:

  • “I learned a lot of what I know about art from hanging out with dealers in the mid-90s and asking them, ‘Why is this any good?’” said Mr. Valentine, the former president of Walt Disney Television and the former chief executive officer of UPN.

Sign up to Art Market Monitor Premium today

You need a membership to AMMpro to view this article and other exclusive content daily.

You can register today for $90 per month—with your first month free!—or for $756 per year (no free trial period.)

Screenshot 2016-08-05 16.28.45

If you already have an account, sign in here:

 
 
Forgot Password

Filed Under: Premium

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

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • For 2020, Phillips Brought in Total of $760.4 million, Down 16 Percent from 2019; Asia Sales Up 24 Percent
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • A Season of Resilience: Fall 2020 Hong Kong Auction Analysis
  • Tony Podesta's Secret Art Buying
  • Soulages First Owned by Senegalese Poet-Politician Léopold Sédar Senghor Sells in France
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • 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?
  • Christie's Announces $70m Picasso Self Portrait
  • 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