Christmas art market in America. Time Collector

[Евгений]

Interesting article on the website: ARTinvestment.RU - 18.12.2008.

Before Christmas the American art lovers had a chance to make a rare bargain. Windows Manhattan gallery of the New York art dealer Asher Edelman (Asher Edelman) is now covered with graffiti, which usually can be seen on the windows of fashion boutiques: "Holiday Super Sale!", "Crazy prices !»... Until December 21 gallery Edelman Arts offers customers discounts of 25 to 50 per cent of the works of recognized masters of the XX century, as Willem de Kooning (Willem de Kooning) and Alberto Giacometti (Alberto Giacometti), as well as works by contemporary artists. Picture of Jean-Michel Basquiat (Jean-Michel Basquiat), who last year offered for 6.5 million dollars, you can now buy a 48.5-percent discount, for only 3,35 million dollars.

Читать дальше... 

Or, for example, the price of unsold paintings of Berlin artist Christopher Winter (Christopher Winter), Exhibition Gallery which has just ended, is reduced by 40 percent. "Now all the dealers offer discounts. I'm just talking about it openly, "- recognized Asher Edelman.

However, it should be noted that the advertising of discounts and disclosure of prices have always been a taboo among the art market. Typically, impairment occurs in private: the primary market, many galleries offer a 10 percent discount, and major collectors and museums often receive 20 percent discount from the bid. "We are not a boutique. We do not arrange sale "- insists dealer Richard Feigen (Richard Feigen), which specializes in the works of old masters and post-war art.

And yet, many dealers in the financial crisis, trying to increase sales. "This is a time when people go shopping in search of gifts for family and friends, and I am sure that many try to earn some money," - says the artist Thomas Beale (Thomas Beale). A non-profit gallery Honey Space in Chelsea, Bill founded last year, will hold a three-day sale, with 18 to 20 December. In order to spur the interest of potential buyers, Beal sent out an e-mail messages with advertising work 25 beginners and recognized artists. Prices, which it listed, surprise: from 10 to 999 dollars! "On the one hand, it reflects the current situation in the economy. On the other hand, it purports to attract more people ", - said Thomas Beale.