topper
New Member
Posts • 277
Likes • 406
February 2023
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Are we in an Art Market Bubble?, by topper on May 22, 2024 22:25:11 GMT 1, Not sure why you deleted your post. Just keep trying and sell what you can before everyone realizes that the art market is a big scam. Most have already figured it out and the one's who are buying either really love art or still believe in a comeback. And some are still holding onto those beanie babies and tulips waiting for the mania to return. Art is not easy to sell unless there's a mania. Art is inherently worthless.
At the major auction houses, much of the artwork is now selling below their primary prices. Meaning that primary prices are overblown. People chasing hot artists are getting ripped off because of fomo and they'll never be able to profit unless they can find a bigger sucker. Good luck and hope you find some buyers out there.
Thank you very much for your kind and thoughtful reply! I had to delete my post because I have a lot of conflict in my life right now, and after getting a response to my post that made me feel stupid, I just don't need that right now and so I deleted it so I don't get any more hate. I just wanted to share my thoughts and so I am happy to see you have written on the subject so I do appreciate it very much! I don't usually get involved in arguments on here, preferring to stick to the art (we've got Twitter for a bust up and WhatsApp for banter) but just wanted to say that there was nothing wrong with that post of yours. It was well though out, well written and asked relevant questions for any collector.
The response from the idiot says more about them than it does about you. Please don't stop commenting, I for one appreciate a wide range of opinions from people thinking about the art and the market.
Good luck with whatever you decide to do. Personally I'd wait it out if you are able to, sell if you must. This isn't the first market drop, nor is it the end of interest in popular culture. Cheers
Not sure why you deleted your post. Just keep trying and sell what you can before everyone realizes that the art market is a big scam. Most have already figured it out and the one's who are buying either really love art or still believe in a comeback. And some are still holding onto those beanie babies and tulips waiting for the mania to return. Art is not easy to sell unless there's a mania. Art is inherently worthless.
At the major auction houses, much of the artwork is now selling below their primary prices. Meaning that primary prices are overblown. People chasing hot artists are getting ripped off because of fomo and they'll never be able to profit unless they can find a bigger sucker. Good luck and hope you find some buyers out there.
Thank you very much for your kind and thoughtful reply! I had to delete my post because I have a lot of conflict in my life right now, and after getting a response to my post that made me feel stupid, I just don't need that right now and so I deleted it so I don't get any more hate. I just wanted to share my thoughts and so I am happy to see you have written on the subject so I do appreciate it very much! I don't usually get involved in arguments on here, preferring to stick to the art (we've got Twitter for a bust up and WhatsApp for banter) but just wanted to say that there was nothing wrong with that post of yours. It was well though out, well written and asked relevant questions for any collector. The response from the idiot says more about them than it does about you. Please don't stop commenting, I for one appreciate a wide range of opinions from people thinking about the art and the market. Good luck with whatever you decide to do. Personally I'd wait it out if you are able to, sell if you must. This isn't the first market drop, nor is it the end of interest in popular culture. Cheers
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Are we in an Art Market Bubble?, by shoottheglass on May 23, 2024 1:48:47 GMT 1, Not sure why you deleted your post. Just keep trying and sell what you can before everyone realizes that the art market is a big scam. Most have already figured it out and the one's who are buying either really love art or still believe in a comeback. And some are still holding onto those beanie babies and tulips waiting for the mania to return. Art is not easy to sell unless there's a mania. Art is inherently worthless.
At the major auction houses, much of the artwork is now selling below their primary prices. Meaning that primary prices are overblown. People chasing hot artists are getting ripped off because of fomo and they'll never be able to profit unless they can find a bigger sucker. Good luck and hope you find some buyers out there.
Thank you very much for your kind and thoughtful reply! I had to delete my post because I have a lot of conflict in my life right now, and after getting a response to my post that made me feel stupid, I just don't need that right now and so I deleted it so I don't get any more hate. I just wanted to share my thoughts and so I am happy to see you have written on the subject so I do appreciate it very much! Please. There's too much hand holding and cry baby nonsense on here as it is. "Waaahh, waaaahh, I bought some posters and stickers and now I'm struggling to sell them for less than cost". Boo, fucking, hooo.
Grow a pair, you insufferable cunt!
Admit it, you're in it for all the wrong reasons and Art is just NOT for you! Now, run along back to your little flock to resume your FOMO circle jerk.
Not sure why you deleted your post. Just keep trying and sell what you can before everyone realizes that the art market is a big scam. Most have already figured it out and the one's who are buying either really love art or still believe in a comeback. And some are still holding onto those beanie babies and tulips waiting for the mania to return. Art is not easy to sell unless there's a mania. Art is inherently worthless.
At the major auction houses, much of the artwork is now selling below their primary prices. Meaning that primary prices are overblown. People chasing hot artists are getting ripped off because of fomo and they'll never be able to profit unless they can find a bigger sucker. Good luck and hope you find some buyers out there.
Thank you very much for your kind and thoughtful reply! I had to delete my post because I have a lot of conflict in my life right now, and after getting a response to my post that made me feel stupid, I just don't need that right now and so I deleted it so I don't get any more hate. I just wanted to share my thoughts and so I am happy to see you have written on the subject so I do appreciate it very much! Please. There's too much hand holding and cry baby nonsense on here as it is. "Waaahh, waaaahh, I bought some posters and stickers and now I'm struggling to sell them for less than cost". Boo, fucking, hooo. Grow a pair, you insufferable cunt! Admit it, you're in it for all the wrong reasons and Art is just NOT for you! Now, run along back to your little flock to resume your FOMO circle jerk.
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nobokov
Junior Member
Posts • 4,894
Likes • 6,825
February 2016
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Are we in an Art Market Bubble?, by nobokov on May 23, 2024 3:05:27 GMT 1, Thank you very much for your kind and thoughtful reply! I had to delete my post because I have a lot of conflict in my life right now, and after getting a response to my post that made me feel stupid, I just don't need that right now and so I deleted it so I don't get any more hate. I just wanted to share my thoughts and so I am happy to see you have written on the subject so I do appreciate it very much! Please. There's too much hand holding and cry baby nonsense on here as it is. "Waaahh, waaaahh, I bought some posters and stickers and now I'm struggling to sell them for less than cost". Boo, fucking, hooo. Grow a pair, you insufferable cunt! Admit it, you're in it for all the wrong reasons and Art is just NOT for you! Now, run along back to your little flock to resume your FOMO circle jerk. Everything okay man? Your earlier posts in your history seemed normal, but now you seem........different.
Thank you very much for your kind and thoughtful reply! I had to delete my post because I have a lot of conflict in my life right now, and after getting a response to my post that made me feel stupid, I just don't need that right now and so I deleted it so I don't get any more hate. I just wanted to share my thoughts and so I am happy to see you have written on the subject so I do appreciate it very much! Please. There's too much hand holding and cry baby nonsense on here as it is. "Waaahh, waaaahh, I bought some posters and stickers and now I'm struggling to sell them for less than cost". Boo, fucking, hooo. Grow a pair, you insufferable cunt! Admit it, you're in it for all the wrong reasons and Art is just NOT for you! Now, run along back to your little flock to resume your FOMO circle jerk. Everything okay man? Your earlier posts in your history seemed normal, but now you seem........different.
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Are we in an Art Market Bubble?, by shoottheglass on May 23, 2024 9:40:44 GMT 1, Please. There's too much hand holding and cry baby nonsense on here as it is. "Waaahh, waaaahh, I bought some posters and stickers and now I'm struggling to sell them for less than cost". Boo, fucking, hooo. Grow a pair, you insufferable cunt! Admit it, you're in it for all the wrong reasons and Art is just NOT for you! Now, run along back to your little flock to resume your FOMO circle jerk. Everything okay man? Your earlier posts in your history seemed normal, but now you seem........different. Perfectly fine Nobokov. Thanks for asking. How are you?
Please. There's too much hand holding and cry baby nonsense on here as it is. "Waaahh, waaaahh, I bought some posters and stickers and now I'm struggling to sell them for less than cost". Boo, fucking, hooo. Grow a pair, you insufferable cunt! Admit it, you're in it for all the wrong reasons and Art is just NOT for you! Now, run along back to your little flock to resume your FOMO circle jerk. Everything okay man? Your earlier posts in your history seemed normal, but now you seem........different. Perfectly fine Nobokov. Thanks for asking. How are you?
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Are we in an Art Market Bubble?, by Fluffy Pillow on May 23, 2024 12:40:32 GMT 1, Thank you very much for your kind and thoughtful reply! I had to delete my post because I have a lot of conflict in my life right now, and after getting a response to my post that made me feel stupid, I just don't need that right now and so I deleted it so I don't get any more hate. I just wanted to share my thoughts and so I am happy to see you have written on the subject so I do appreciate it very much! Please. There's too much hand holding and cry baby nonsense on here as it is. "Waaahh, waaaahh, I bought some posters and stickers and now I'm struggling to sell them for less than cost". Boo, fucking, hooo. Grow a pair, you insufferable cunt! Admit it, you're in it for all the wrong reasons and Art is just NOT for you! Now, run along back to your little flock to resume your FOMO circle jerk. This guy needs a long hug. His art collection is spiraling as well and too deep in debacle to discuss bubbles. His current state led to social media bullying, farming for endorphins as he refreshes the forums. Step away from the keyboard, leave your phone behind and touch some grass.
Thank you very much for your kind and thoughtful reply! I had to delete my post because I have a lot of conflict in my life right now, and after getting a response to my post that made me feel stupid, I just don't need that right now and so I deleted it so I don't get any more hate. I just wanted to share my thoughts and so I am happy to see you have written on the subject so I do appreciate it very much! Please. There's too much hand holding and cry baby nonsense on here as it is. "Waaahh, waaaahh, I bought some posters and stickers and now I'm struggling to sell them for less than cost". Boo, fucking, hooo. Grow a pair, you insufferable cunt! Admit it, you're in it for all the wrong reasons and Art is just NOT for you! Now, run along back to your little flock to resume your FOMO circle jerk. This guy needs a long hug. His art collection is spiraling as well and too deep in debacle to discuss bubbles. His current state led to social media bullying, farming for endorphins as he refreshes the forums. Step away from the keyboard, leave your phone behind and touch some grass.
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Are we in an Art Market Bubble?, by Jules Leotard on Jun 22, 2024 6:49:21 GMT 1, Humble opinion. We are in a bubble of everything. I wouldn't buy art right now, but if I could afford it, I also wouldn't sell it. Strange times. Any correction to broader markets is being held up/ delayed by the U.S. elections and in this particular instance, THEY ARE IMPORTANT. After that, the game will be on and all things need to be reconciled. Let's call the period from now until November 'the fragile peace.' If you have some money to park somewhere for the time being, skip the art, and buy silver (the metal). It's undervalued compared to gold. Most currencies (to park cash in) are not so good. Hello! I think you said the best thing and gave the best advice ever. Silver is undervalued. In the coming period and future, it will have a soaring demand. This will be due to the increasing demand for the metal industrially and for use in technology. How many kilos should they buy? This point becomes interesting, in my opinion. According to several industry analysts, even a few hundred grams could yield the best in the future. From this statement only one vision can be deduced, namely that the more people buy now, the better it will be for their future. If the value per ounce reaches the estimated figures, we will have to take into account that life on this planet will not go very well. One way or another, here we navigate by sight. A hug. If you bought it and profited, that would make me the happiest I could be. We are in a cycle of things. For 7-10,000 years the price ratio of gold to silver was 53. That would put silver at $44/ounce. There was a better risk/reward ratio a couple of years ago when silver was $14/oz.
Humble opinion. We are in a bubble of everything. I wouldn't buy art right now, but if I could afford it, I also wouldn't sell it. Strange times. Any correction to broader markets is being held up/ delayed by the U.S. elections and in this particular instance, THEY ARE IMPORTANT. After that, the game will be on and all things need to be reconciled. Let's call the period from now until November 'the fragile peace.' If you have some money to park somewhere for the time being, skip the art, and buy silver (the metal). It's undervalued compared to gold. Most currencies (to park cash in) are not so good. Hello! I think you said the best thing and gave the best advice ever. Silver is undervalued. In the coming period and future, it will have a soaring demand. This will be due to the increasing demand for the metal industrially and for use in technology. How many kilos should they buy? This point becomes interesting, in my opinion. According to several industry analysts, even a few hundred grams could yield the best in the future. From this statement only one vision can be deduced, namely that the more people buy now, the better it will be for their future. If the value per ounce reaches the estimated figures, we will have to take into account that life on this planet will not go very well. One way or another, here we navigate by sight. A hug. If you bought it and profited, that would make me the happiest I could be. We are in a cycle of things. For 7-10,000 years the price ratio of gold to silver was 53. That would put silver at $44/ounce. There was a better risk/reward ratio a couple of years ago when silver was $14/oz.
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LJCal
Junior Member
Posts • 2,845
Likes • 4,293
December 2019
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Are we in an Art Market Bubble?, by LJCal on Jun 22, 2024 19:37:28 GMT 1, My advice to anyone is not to get drawn into the emotions of the market, right now everyone thinks the downward trend won't ever end, just like so many people were convinced the market would keep going up during the boom. Both are/were wrong.
The art market has been around a long time, the arguments around it's intrinsic value and it being a scam have been around just as long; but so many things we place high value on have no intrinsic value, or their market value far exceeds their tangiable worth.
There's a reason Christie's, Sotheby's, Phillip's and Bonham's have been around centuries, during which time we have had the Napoleonic Wars, the French and Russian revolution, the American Civil War, two World Wars, the Great Depression, the Cold War, the fall of the twin towers, countless recessions and financial meltdowns. Yet they're still here, why? Because despite all the turmoil the art and collectibles markets recovered. This correction is but bump in the road in the context of some of the historical challenges the market has faced.
That's not to say that YOUR collection will recover, you may be sitting on a pile of door stops but the market at large will recover and see massive growth, followed by massive falls for long until all of us here are dust. If you're wondering what you should sell/keep maybe don't focus too much on the market but ask yourself if the works and/or artists in your collection will still likely be relevant in 10 years time, and start thinking in those terms rather than the last auction result.
My advice to anyone is not to get drawn into the emotions of the market, right now everyone thinks the downward trend won't ever end, just like so many people were convinced the market would keep going up during the boom. Both are/were wrong.
The art market has been around a long time, the arguments around it's intrinsic value and it being a scam have been around just as long; but so many things we place high value on have no intrinsic value, or their market value far exceeds their tangiable worth.
There's a reason Christie's, Sotheby's, Phillip's and Bonham's have been around centuries, during which time we have had the Napoleonic Wars, the French and Russian revolution, the American Civil War, two World Wars, the Great Depression, the Cold War, the fall of the twin towers, countless recessions and financial meltdowns. Yet they're still here, why? Because despite all the turmoil the art and collectibles markets recovered. This correction is but bump in the road in the context of some of the historical challenges the market has faced.
That's not to say that YOUR collection will recover, you may be sitting on a pile of door stops but the market at large will recover and see massive growth, followed by massive falls for long until all of us here are dust. If you're wondering what you should sell/keep maybe don't focus too much on the market but ask yourself if the works and/or artists in your collection will still likely be relevant in 10 years time, and start thinking in those terms rather than the last auction result.
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Jimini Cricket
Junior Member
Posts • 1,851
Likes • 1,214
December 2017
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Are we in an Art Market Bubble?, by Jimini Cricket on Jun 23, 2024 2:47:28 GMT 1, My advice to anyone is not to get drawn into the emotions of the market, right now everyone thinks the downward trend won't ever end, just like so many people were convinced the market would keep going up during the boom. Both are/were wrong. The art market has been around a long time, the arguments around it's intrinsic value and it being a scam have been around just as long; but so many things we place high value on have no intrinsic value, or their market value far exceeds their tangiable worth. There's a reason Christie's, Sotheby's, Phillip's and Bonham's have been around centuries, during which time we have had the Napoleonic Wars, the French and Russian revolution, the American Civil War, two World Wars, the Great Depression, the Cold War, the fall of the twin towers, countless recessions and financial meltdowns. Yet they're still here, why? Because despite all the turmoil the art and collectibles markets recovered. This correction is but bump in the road in the context of some of the historical challenges the market has faced. That's not to say that YOUR collection will recover, you may be sitting on a pile of door stops but the market at large will recover and see massive growth, followed by massive falls for long until all of us here are dust. If you're wondering what you should sell/keep maybe don't focus too much on the market but ask yourself if the works and/or artists in your collection will still likely be relevant in 10 years time, and start thinking in those terms rather than the last auction result. This is UAA. All is cared about is the ROI. Sad but true.
My advice to anyone is not to get drawn into the emotions of the market, right now everyone thinks the downward trend won't ever end, just like so many people were convinced the market would keep going up during the boom. Both are/were wrong. The art market has been around a long time, the arguments around it's intrinsic value and it being a scam have been around just as long; but so many things we place high value on have no intrinsic value, or their market value far exceeds their tangiable worth. There's a reason Christie's, Sotheby's, Phillip's and Bonham's have been around centuries, during which time we have had the Napoleonic Wars, the French and Russian revolution, the American Civil War, two World Wars, the Great Depression, the Cold War, the fall of the twin towers, countless recessions and financial meltdowns. Yet they're still here, why? Because despite all the turmoil the art and collectibles markets recovered. This correction is but bump in the road in the context of some of the historical challenges the market has faced. That's not to say that YOUR collection will recover, you may be sitting on a pile of door stops but the market at large will recover and see massive growth, followed by massive falls for long until all of us here are dust. If you're wondering what you should sell/keep maybe don't focus too much on the market but ask yourself if the works and/or artists in your collection will still likely be relevant in 10 years time, and start thinking in those terms rather than the last auction result. This is UAA. All is cared about is the ROI. Sad but true.
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drbf
New Member
Posts • 332
Likes • 178
December 2017
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Are we in an Art Market Bubble?, by drbf on Jun 23, 2024 3:11:34 GMT 1, My advice to anyone is not to get drawn into the emotions of the market, right now everyone thinks the downward trend won't ever end, just like so many people were convinced the market would keep going up during the boom. Both are/were wrong. The art market has been around a long time, the arguments around it's intrinsic value and it being a scam have been around just as long; but so many things we place high value on have no intrinsic value, or their market value far exceeds their tangiable worth. There's a reason Christie's, Sotheby's, Phillip's and Bonham's have been around centuries, during which time we have had the Napoleonic Wars, the French and Russian revolution, the American Civil War, two World Wars, the Great Depression, the Cold War, the fall of the twin towers, countless recessions and financial meltdowns. Yet they're still here, why? Because despite all the turmoil the art and collectibles markets recovered. This correction is but bump in the road in the context of some of the historical challenges the market has faced. That's not to say that YOUR collection will recover, you may be sitting on a pile of door stops but the market at large will recover and see massive growth, followed by massive falls for long until all of us here are dust. If you're wondering what you should sell/keep maybe don't focus too much on the market but ask yourself if the works and/or artists in your collection will still likely be relevant in 10 years time, and start thinking in those terms rather than the last auction result. This is UAA. All is cared about is the ROI. Sad but true. That’s why it is so nice to get the Art you want to look at everyday on your walls.
My advice to anyone is not to get drawn into the emotions of the market, right now everyone thinks the downward trend won't ever end, just like so many people were convinced the market would keep going up during the boom. Both are/were wrong. The art market has been around a long time, the arguments around it's intrinsic value and it being a scam have been around just as long; but so many things we place high value on have no intrinsic value, or their market value far exceeds their tangiable worth. There's a reason Christie's, Sotheby's, Phillip's and Bonham's have been around centuries, during which time we have had the Napoleonic Wars, the French and Russian revolution, the American Civil War, two World Wars, the Great Depression, the Cold War, the fall of the twin towers, countless recessions and financial meltdowns. Yet they're still here, why? Because despite all the turmoil the art and collectibles markets recovered. This correction is but bump in the road in the context of some of the historical challenges the market has faced. That's not to say that YOUR collection will recover, you may be sitting on a pile of door stops but the market at large will recover and see massive growth, followed by massive falls for long until all of us here are dust. If you're wondering what you should sell/keep maybe don't focus too much on the market but ask yourself if the works and/or artists in your collection will still likely be relevant in 10 years time, and start thinking in those terms rather than the last auction result. This is UAA. All is cared about is the ROI. Sad but true. That’s why it is so nice to get the Art you want to look at everyday on your walls.
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Jimini Cricket
Junior Member
Posts • 1,851
Likes • 1,214
December 2017
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Are we in an Art Market Bubble?, by Jimini Cricket on Jun 23, 2024 8:51:24 GMT 1, This is UAA. All is cared about is the ROI. Sad but true. That’s why it is so nice to get the Art you want to look at everyday on your walls. Tell that to the kings that bought to flip but are now stuck having to keep and 'love' their purchases.
This is UAA. All is cared about is the ROI. Sad but true. That’s why it is so nice to get the Art you want to look at everyday on your walls. Tell that to the kings that bought to flip but are now stuck having to keep and 'love' their purchases.
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Are we in an Art Market Bubble?, by The Italian One on Jun 23, 2024 9:03:09 GMT 1, HIRST (for example) will be relevant in 10 years but can't say the same for all the HENI/prints released; great artist but oversold.
I would prefer quality art over mass production editions art, there are quiete few artists that will be remembered in 10 years that at the moment are undervalued.
great artist with limited amount of works will always increase year after year
HIRST (for example) will be relevant in 10 years but can't say the same for all the HENI/prints released; great artist but oversold.
I would prefer quality art over mass production editions art, there are quiete few artists that will be remembered in 10 years that at the moment are undervalued.
great artist with limited amount of works will always increase year after year
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lukas01
Junior Member
Posts • 1,068
Likes • 805
December 2022
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Are we in an Art Market Bubble?, by lukas01 on Jun 23, 2024 10:04:27 GMT 1, HIRST (for example) will be relevant in 10 years but can't say the same for all the HENI/prints released; great artist but oversold. I would prefer quality art over mass production editions art, there are quiete few artists that will be remembered in 10 years that at the moment are undervalued. great artist with limited amount of works will always increase year after year The number of works produced can increase or decrease the artist's coefficient in the evaluation of his works and I believe that this "method" also does not confirm the rule.
There are very prolific artists who are highly regarded and their works are worth a lot.
If you can afford to buy art, buy what you like best. This is the only certain rule that gives you satisfaction.
HIRST (for example) will be relevant in 10 years but can't say the same for all the HENI/prints released; great artist but oversold. I would prefer quality art over mass production editions art, there are quiete few artists that will be remembered in 10 years that at the moment are undervalued. great artist with limited amount of works will always increase year after year The number of works produced can increase or decrease the artist's coefficient in the evaluation of his works and I believe that this "method" also does not confirm the rule. There are very prolific artists who are highly regarded and their works are worth a lot. If you can afford to buy art, buy what you like best. This is the only certain rule that gives you satisfaction.
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Jonas B
Junior Member
Posts • 1,479
Likes • 1,613
February 2021
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Are we in an Art Market Bubble?, by Jonas B on Jun 23, 2024 11:34:41 GMT 1, The majority of artists who have appeared on this forum won’t stand the test of time. That list is huge. Much of the art is great if you like it but won’t ever turn a profit. Right now collectors are buying but they’re buying the best examples of blue chip. Anything else right now is best avoided.
The majority of artists who have appeared on this forum won’t stand the test of time. That list is huge. Much of the art is great if you like it but won’t ever turn a profit. Right now collectors are buying but they’re buying the best examples of blue chip. Anything else right now is best avoided.
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Are we in an Art Market Bubble?, by Daniel Silk on Jun 25, 2024 6:39:37 GMT 1,
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Are we in an Art Market Bubble?, by Daniel Silk on Jun 26, 2024 8:22:56 GMT 1,
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