Some of the best news I’ve heard on the art market came across my alerts this morning. No, it’s not another record from a 12 million dollar stuffed shark. It’s the fact that the prices for affordable art are rising-at least in the UK where the information originates.
This gets back to something close to my core. In order to bring back the consumer art market, and the antiques market, we have to get regular people buying again. To do that we have to stop selling investments and start selling stuff- art and antiques. Why? Because they’re great, they’re original, they’re unique and they say you a lot better than stuff that’s mass-produced or made yesterday. We have to love the stuff and not the money.
If everyone loves the money, then everyone wants to sell and no one wants to buy. It’s that simple folks! If more people love the stuff, then the price goes up.
The report came from the Royal Institution of Chartered Surveyors and finds that prices for affordable contemporary art are going up because consumers are buying for decorative rather than financial reasons.