Will the pendulum swing back to traditional art?

by Georgina Adam, no Artnewspaper de Outubro.

This is why there is such inflation in the prices for the very best pieces, with the top fortunes battling for them. This is, unfortunately, bad news for the middle-market for art and antiques, which has suffered the most in the past two decades; here as well the financial crisis has eaten into budgets. So, while the good news is that, at the top end of the market for traditional things, optimism is in order thanks to new markets, the economic outlook and changes in taste, the bad news is that the mid-range will remain mired in the doldrums. Which is, of course, an opportunity: contrarians may well be tempted to snap up antique furniture, Japanese lacquerwork or Victorian painting while prices remain depressed.

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