Martin Bremond of China's Auction

[Dogel]

Lead Economist, the main information portal for world art
Market Artprice.com Bremond Martin (Martin Bremond) said in an interview
RIA Novosti, which still play a role, Chinese auctions and
collectors in the global art market, whether or not to prepare for the new
crisis, and they buy today. Interviewed by Mary Ganiyants.
- Recently, discuss only one question on the world
art market come China - good or bad?
- On the one hand, the most influential collectors of still born
from the U.S. and Europe. On the other hand, the Chinese have already received more than 33%
market trade in art and is higher on these indicators, the United States or
UK. A young Asian collectors who have
virtually unlimited financial resources, rather
consistently continue to buy this Chinese art. So
way, today's art market is peculiar to a certain dualism.
- Turnover of Chinese art auctions are growing, they are in third place
After Christie's and Sotheby's. This is a temporary phenomenon associated with
consequences of the crisis and the lack of cash, or loss
Western monopoly auctions?
- China is undoubtedly the number one, and it is the market leader in trade
art, among all countries. Today, seven of the quires successful auction
houses (in the terminology of auction) in China. To
recently had a monopoly Christie's and Sotheby's, but now
time competition. This is a very good market for art,
As European countries began to sell less, and the development of auctions for
China may be the salvation of the art market. The growth of appetite
Chinese collectors will benefit everyone: we have seen,
some exceptional prices paid for works of Chinese
art around the world, which in turn further inflames
interest of collectors.
- Now again due to the unstable financial situation in the U.S. and
Eurozone economic problems began to talk about a new wave
crisis: what predictions do you have?
- Art will always be a desirable investment, in spite of
some crises, investors are likely to be less now
be under the yoke of debt, as it was in 2008.
The current crisis, which erupted in the U.S. is likely to
marginally affect the global art market, as buyers
from the United States is becoming less and less. In addition, the art market more
unwieldy than the stock or other, so with a greater degree
likely be able to say when trading would go into art
September. Perhaps the first to experience this "blue chips", a little
prosyadut Impressionists, but such a fall as it did in 2008,
when the art market crashed by 30%would not.
- Who are the artists after the crisis showed the most stable growth?
- Following the crisis, the most successful artist alive today,
Urs Fischer could be called, who recently established a regular
record price, and the most expensive artist younger than 40 years. Same
thing can be said about Cindy Sherman, which is the most expensive
photographer. Fell considerably Damien Hirst. If you compare the prices
its work before the crisis, today they lost in the price of an average
60%, not better things and Takashi Murakami. Prices are still
very high, although far from the prices of 2008.
- You speak confidently about contemporary art, although other
Experts believe that the only stable segment of the old masters?
- The fact that the old masters, particularly because of the rarity of works in the market,
represent a very special segment of the market. Investors
really refocused on the more stable sections.
For example, auctions of contemporary art in recent years were filled with
Andy Warhol and Damien Hirst not. Works by Andy Warhol made
one-third of revenue in May of trades "Post-War and Contemporary Art"
auction house Christie's, bringing 91 million dollars, and "Self-Portrait"
Warhol went under the hammer for 38.4 million dollars, setting a new
record price for the work of the author. Thus Hirst managed to sell only
four works worth more than EUR 1 million, starting in September
2008, although for the period from January 1 to September 30, 2008, he sold 38
works worth more than EUR 1 million. Auctions have become less
support the so-called "blue chips" and more of those artists,
whose value has been verified by history, such as Picasso or
Giacometti. Last set records even in a crisis.