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12 / 19 / 2008
The Analyst, who has asked to remain nameless, is an art buyer and consultant who has worked with a number of prominent collectors and been involved in building several reputable corporate and personal collections.
You don’t need an analyst to tell you which way the line graphs are heading and even if art may have looked impenetrable six months ago, even the most hopeful collectors are running to Sotheby’s. But the economic doom and gloom isn’t all bad though I wouldn’t stop that auction bound Taxi. Like houses and hedge funds it’s time that the art market gets a correction and while it may not spare your portfolio it will certainly cement the great works of the era…better hope you’ve got in.
Figuring out whether you’ve got a Warhol or a Billy Apple (who is he?) is a little more difficult. Sad to say but 150 years of art theory and the motto is still “Big, Red and Shiny”...so you can bet you’re Koons will be safe. The monsters won’t go anywhere and so you can feel certain that you’re Gagosian stash will survive the earthquake..even lesser works. But I’d be careful about hipper work, like AVAF (a fashionable adviser favorite)...watch out for anything you bought from Jeffery Deitch.
If on the other hand, you’re like me and have to view these works from a four foot security line, I’d advise staying away… Posted on November 7th, 2008 in the analyst
