Tefaf Dealers Pricing Art Aggressively

by Tom Johansmeyer (RSS feed)
Mar 10th 2010 at 6:01PM

The action in Maastricht is expected to be hot. Two hundred sixty-three dealers will descend upon the Dutch city, bringing art inventory worth $2.7 billion to the world's largest art and antiques fair, Tefaf. Fingers are crossed that billion-dollar collectors will come out to play. The market has turned the corner, but the community mains reluctant to get its collective hopes up.

For the art market, this is the first chance to see how high demand for art is outside the auction houses. Private deals don't offer the transparency of the gavel scene, but the transactions can be far more interesting. By the end of Tefaf, we'll know just how deep the art market recovery is running. VIP guests will be allowed to visit tomorrow, ahead of the great unwashed.

The largest group of dealers at Tefaf this year will be those representing pre-20th century pictures, with more than 70 exhibitors. Sandro Botticelli's "Madonna and Child with the Infant Sant John," reaching back to the late fifteenth century, will be available for $15 million by Dickinson of London. Dickinson is also showing Paul Gauguin's "Deux Femmes," with a price tag of $24.4 million. Both are being sold by private collectors.

Tags: art collecting, art collection, art collector, art dealer, art fair, art market, maastricht, Netherlands, tefaf