Could the art market be undergoing a fundamental restructuring?

“Art will always be a tremendously valuable asset and a must-hold for both the connoisseur and “investor-collector”. 2010 will be a year of continued reshaping: auctions will remain smaller, private sales will be the preferred method of selling for the majority of collectors, the “best of the best” will garner significant interest and sell well, and second- and third-tier works will be left unsold or see further price reductions. It is no longer a time where a rising tide lifts all boats. However, should there be no significant new shocks to the global economy, the year ahead might just be better than the one behind.”

By Michael Plummer and Jeff Rabin in The Artnewspaper

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