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It is often the details that make the somewhat dull Art Basel UBS Art Market Report (PDF-Download) worth reading. And sometimes a little frightening. 43 per cent of all collectors would have bought art on credit in the past, almost a third in 2022 or 2023. However, this clearly does not refer to the occasional impulse purchase at the fair: ... read more
Whether the art market is in a correction phase or a downturn is discussed by Daniel Cassady for Artnews: "So, is the market 'corrected' from the Covid boom? It's hard to say. This year, the Federal Reserve has embarked on its most aggressive campaign of interest rate hikes since the 1980s, in an effort to curb inflation. While some have ... read more
In Paris, the art market casino game of waiting lists and allocation of scarce goods is still working or is working again, claims James Tarny at Bloomberg: "Several galleries had sold enough work that they were already sending out sales reports by mid afternoon, and over subsequent days collectors-giants in their own fields of finance or real estate or private ... read more
When a curator of a hip private art centre in Berlin mocks the victims on Instagram with pictures of the slaughter of peaceful festival-goers and celebrates the "poetic justice" of the terrorist action, the young man has obviously lost his ethical compass.The cynicism that speaks out of such statements, which are not even that rare on social media, is staggering. The criminals of Hamas, who ... read more
For an employee of Messe Schweiz, Paris+ director Clément Delépine, in an interview with Bettina Wohlfarth in the FAZ of 7 October, is unusually clear after initial PR-speak. Asked whether Paris is curbing its ambitions so as not to cut off Basel's water, he answers: "Certainly not! There is no desire whatsoever in Basel for the Paris+, for example, to hide its light under a ... read more
The Ukrainian internet database War & Art is not useful in its current form, Olga Kronsteiner writes in the Standard: "Anyone can report works of art via the website. Whether and in what form such reports are checked for plausibility is not clear from the information published there. The basis for the paintings, sculptures and ... read more