Record year for art sales
For the first time, auction houses Christie’s and Sotheby’s did over a combined 10 billion dollars in sales this year. Not bad!
Sales are more global than ever, with buyers from Asia and the Middle East as well as Europe and the US. Art is also regarded as an investment.
And this from the Daily Telegraph -
“The bargain of the year had to come from the Old Master dealers who scour the smaller salerooms for “sleepers”, the most committed bargain-hunters in the market. This year, they spotted what might be a Titian in a Leicestershire auction room, estimated at £300, and bought it for £205,000. More recently, what could be a self-portrait by Rembrandt surfaced in the Cotswolds. Estimated at £1,000, it sold for £2.6 million. If authentic, either could turn out to be the bargain of the year.”
The booming art market is good news for the up and coming artists at Ocean’s Bridge, I think! Additional good news is that one of our artists recently left the company to accept a position as a teacher in the local university art department. Her former professor had encouraged the move as he didn’t begin selling his art successfully until in his 40s and wanted her to have the same secure income - and connections - he had enjoyed whilst struggling to establish himself.
Finally, the Christmas rush is over, and we all got to take a few days off. On to the new year…
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