More Unhappy Returns In The Art Market {Luxist}

Nov 16th 2008 5:21PM In this market only the best of the best will sell very well .

Whoever the artist is, if the example being sold is Stella, the price will be very high but possibly slightly less that it would have made a year ago.

If there is an upward turn in 2 or 3 years (hopefully less !) then those dealers and collectors who have bought very expensive purchases at this time will really reap a great reward if they have had a great understanding of the artist they are are buying.

It is imperative at this time not buy what is seemingly "cheap" by a major artist as this may well not have been a good investment in the long run.

Knowledge has always been the key and no more than now .