Premier Art Finance Artemundi Group / 2019 Premier Art Finance Artemundi Group : 201 | Page 38

N ew York · Lon d on · Mexi co City · M a d rid
TRENDS .
COLLECTORS AND INVESTORS WILL GO SAFE:
Trends suggest that buyers are focusing on blue-chip artists. When thought of as an investment, names like Pablo Picasso, Andy
Warhol, or Gerhard Richter are much more comforting than the lesser-known artist.
THE SCARCITY OF GOOD ARTWORKS IN THE MARKET WILL AROUSE VARIOUS AUCTION RECORDS:
In a year of political turbulence which saw both the Brexit negotiations, provocation of U.S. trade wars, and capital controls in China,
it was evident that many people were sitting tight and reluctant to sell. We expect this tendency to continue during 2019.
BLUE-CHIP GALLERIES ARE PROVING VERY TOUGH COMPETITION:
The increasing costs and shrinking margins for commercial galleries is creating a crisis in the mid-level and small gallery system
which is essentially having its lunch eaten by big galleries.
COST OF DOING BUSINESS HAS GONE UP:
Due to the cost of fairs, rising rents, and a relentless drive to expand and keep artists, the gallery model is becoming a cutthroat
business.
TECHNOLOGY WILL CONTINUE TO FOCUS ITS EFFORTS TOWARDS AUTHENTICITY ISSUES:
Researchers have begun to work on a new DNA-based technique for authentication sponsored by Aris Title Insurance among others,
in order to combat some of the uncertainty in the authenticity of legal decisions.
DATA IS SET TO CHANGE THE ART MARKET:
Data and transparency will play a key role in how the auction houses and online selling platforms—and the art market—move
forward.
CONNOISSEUR COLLECTORS ARE BEING OUTNUMBERED:
New buyers at art fairs often report having an extreme lack of free time. Though they may be interested in art, they are rarely able
to devote Saturdays to visiting galleries. Instead, many use intermediaries to do their research; that is why the ranks of art advisers
are swelling so fast.
MUSEUMS WILL CONTINUE TO GROW IN SCOPE AND SIZE:
Museums have become landmarks. Museums today function as strong brands. They act as cultural reference points and “placemakers”
within urban environments framed in international recognition.
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