Recession
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While auction houses and dealers are increasingly worried of a downturn, a look back to the 1970s and 1980s suggests that their anxieties might be unfounded
There were few fireworks in the three-part sale as the froth comes off the top of the market
While the 2008 global financial meltdown largely failed to dent sales, in 2015 our editor-at-large warned that the falling oil price experienced at the time could prove much more serious
The New York critic discussed the recession, likeability and why the market is like magic mushrooms in a 2008 panel
Though sales have been fairly solid at the fair, few very high priced pieces have been shown due to anxiety around the stock market crisis
Yet the EU's share of the market is steadily declining and the US may already have lost its lead
Insurance for sellers or market manipulation?
Corporate giving down 14% over three years according to Business Committee for the Arts
But despite strong headline sales, missed estimates and cautious collectors signalled that 2010 would not be a return to the wild days
Who needs celebrities? It’s the serious collectors that count
We noted in 2010, amid a painful global downturn, that a Picasso nude carried the largest pre-sale auction estimate in history at $70m to $90m
Art and antiques fair builds on last year’s success of attracting high-spending collectors with a new section devoted to works on paper
The pioneer of the resale agreement talks about the recession and what it means for both artists and collectors
During the Great Recession in 2009 we reported that gallerists must act "quickly and brutally" in order to survive
Despite state subsidies and heavy promotion, not everyone is feeling the benefit
Meanwhile, Steven Kasher moves in on Gagosian territory
Now that auction houses are no longer offering guarantees, an increasing number of purchases are likely to take placeas discreet transactions brokered by art dealers
In an economic downturn, collectors are calling the shots
The current drop in activity may be healthy for the sustainability of the future art market
In 2007 we noted that strong sales at auction and fairs and more money coming from Russia, Indian and Chinese collectors indicated that confidence in art remained strong
In 2007 the economist James Sproule examined the risks facing the market—and the good news was it was not all doom and gloom
Our art market editor assesses the current rise in spending
Figures show between 1.2% and 17% decline in turnover
Why the art market is holding up as stock exchanges plunge, and why there are 10 times more collectors than in 1990
In 2001 they predicted that some areas such as the Old Master market will remain stable but that trendy art would lose its zip
In 2001, the Yale professor attributed the one- to two-year lag between crashes to the time it takes to liquidate assets
Chelsea becomes the new home of many even as it becomes ever more expensive
Survival hints (just in case)