2021 ART MARKET UPDATE
J.HINOS "BLM" 2018
In the wake of the pandemic, the art world has slipped tremendously. Fewer exhibits means fewer sales. Yes, auctions still exist but when the whole world is suffering, art is the last thing on peoples minds. Survival is at the forefront. Art will go on however. Even though the stock market has bounced back so fast, the art world hasn't. The stock market is not the economy. Exhibits in general are moving away from virtual but in the meantime, without a vaccine widely distributed, no one knows when life will resume normally. There will always be wealthy people buying art in dark times nevertheless because art it is still an economic powerhouse.
We will continue to update our readers on who is collectible and who has slumped. So go out and get your fingers wet and start buying some art.
Neo Rauch purchased by Brad Pitt
The information printed here was collected from numerous sources and any projections should not be used to make decisions to purchase work soley for the purpose of making profit. ARTCOLLECTORWORLD is not responsible for loss of income due to purchasing work for investment purposes or otherwise.
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