Interesting explanation of the processes on the art market

[Vladimir]

Interested in the chain of reasoning and noted by some of the habits of the auction market, set out in Article Kommersant. And it is these paragraphs:

One of the most respected critics in the world, nyuyorkets Souren Melikian, explains the situation thus: "In place of the old school heads of auction houses, for whom art was a subject of admiration and personal passion, came new people for whom art is not more than a commodity" . In his article in the Herald Tribune, he wrote that the experts of Sotheby `s and Christie` s lost the respect in the art world, which they enjoyed before. Auction catalogs are now designed not to connoisseurs of fine (which is quite a few words in order to understand the meaning of things) - they look like catalogs - mail "with great articles, descriptions, calculated to know nothing about the art of the people.

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Press Service engaged in an aggressive public relations, and referred to a system of guarantees for sellers to corrupt markets and created artificial prices.

20 years ago to the leadership of Sotheby `s come a businessman Alfred Taubman, who made money on the construction and management of shopping malls. It was he who coined to focus on those potential customers who have had a lot of money, but the love of art has never been observed. It is oriented to them the last two decades the art market, it is they did the price of as high art.

Targeting golden clients affected the policy of Christie `s - two of his last pre-auction exhibition in Moscow could visit only by invitation. Since last year, Christie `s began to call themselves not the auction house (ie, a service provider services company), a leading business-structure. It is possible that this transformation of the art market in an ordinary commodity market and led to the crisis grasped it so quickly. It had previously been considered that the art market is practically not affected by fall, and investment in paintings - the most reliable.

Neither Sotheby `s, nor Christie` s (sorry blame for these auction houses to all the charges, but they form the face of the market, it is on their results oriented private sellers and buyers) do not take into account that buyers, neophytes will leave as quickly as came. To become a collector of the heart, not a purse (no matter how ridiculous it sounds), and takes years of knowledge. To buy the art under any circumstances, and not only when money has nowhere to go, you need a special type of character. So did the Soviet collector Solomon Shuster, bought Russian avant-garde filmmaker Salary. So did the postal clerk Herbert Vogel and his wife, Dorothy, a librarian - their collection of American minimalism and avant-garde is now stored in the Washington National Gallery. In order to successfully play on the price fluctuations in the art, as in the exchange rates are needed flair and decades of practice. Neither the addition nor the other, many new collectors to develop in itself simply did not have. When he was due to objective reasons not to art, they immediately stopped to arrange auctions show with records.

Article written on February 2, when optimism for the upcoming auction was moderate. Moreover, the key word here is "moderate" (and heavily). But now we know that everything went sensationally well.

Original article - here: http://www.kommersant.ru/doc.aspx?DocsID=1104802
The article, by the way, use our codes ARTIMX - http://artinvestment.ru/indices/arti..._0_0_0_0_0_0_0

[Кирилл Сызранский]

Already 6 th so that he wrote b:
Trades Antiques

In London, were bidding "Impressionists and modernists" Sotheby `s and Christie` s. According to the records of auction houses, and prices, and the mood in the room were completely pre-crisis: sold 76%and 83%of lots, respectively, and set a new record for a sculpture by Edgar Degas. The details - TATIANA b-Markin.
"In the hall reigned energetic, even rush atmosphere, - said the" Y "after the auction director of work with Russian customers Christie` s Sandra Nedvetskaya .- There was a lot of new members, very active behaved American collectors: is a pound, compared with the dollar weak, and for them this bargain. Russia's buyers also participated in the auction, and from the hall, and on the phone. During the crisis, art serves as a haven for big business - this truth is confirmed in the Great Depression, and during the oil wars, and during the flight from the market of Japanese collectors. Three months later, the financial crisis intensified, and auctions again yield multimillion-dollar results.
http://www.kommersant.ru/doc.aspx?Do...p;ThemesID=687

[Meister]

newspaper people still write that, as long as the resonance was ... but that one is very different from each other just a couple of days - this is the problem of the world community and the coincidence of the curves of time ...

[Vladimir]

And while it is difficult to argue that the two main ideas are correct As in the parable: and you too are right, precious Vizier.

[Кирилл Сызранский]

Vladimir, for sure! We all went: and "Kislyak"-type "all kranty what pictures?-Nothing to eat!" And an optimistic view on the art market and the antique at all ... "The last refuge of the capital!"

[Vladimir]

Сообщение от Meister

newspaper people still write that, as long as the resonance was ... but that one is very different from each other just a couple of days - this is the problem of the world community and the coincidence of the curves of time ...

I can not agree. Now a reliable forecast does not exist in principle, even with the prospect of two months. Even Soros fit smoke. Conclusions have to do in the face of uncertainty. So that all forecasts are equally authentic: 50 to 50%. But in general there is an interesting setting: Hope for the worst, then it will not upset you, but only the best will please.

[Meister]

Сообщение от Vladimir

I can not agree. Now dostverenogo forecast does not exist in principle, even with the prospect of two months.

And why from one extreme to fall? You vspominte same depressive-ruko twisted-article Russian Kommersant after the November week.

[Konstantin]

it is difficult to argue that the two main ideas are correct

No arguing with the first easily. Especially when you begin reading morality - that is the true value of collectibles. It can be acquired, by themselves know how pokupaesh solely for investment purposes, and then suddenly zapadaesh and already sorry rasstovatsya.

[Кирилл Сызранский]

Сообщение от Meister

but why from one extreme to fall?

This is not extreme, but "interesting, sharp presentation of the material" ... : D: D: D
To read interesting.

[Vladimir]

Сообщение от Cyril Syzransky

This is not extreme, but "interesting, sharp presentation of the material" ...
To read interesting.

This is true without irony. There is a genre. Too right, and almost invulnerable to criticism articles - is a "thesis", reading may be helpful, but not spectacular. Disgusting article, which is nothing to argue, can only be a desperate laudatory article. So the tactics suggested by the life of journalism: all the blame, no one to praise. And the conclusions chiatel make himself the measure obrazrovaniya and views on life.