Sometimes I just don’t get the time to blog about all the things I would like to. So I’m going to start doing what all the cool kids in the blogosphere do, just post the links and let you guys do the hard work.
- Most everyone has heard about how Detroit’s got this famous blighted house covered in ice. So, is this art because people who call themselves artists made it?
- In other news, Detroit is now the most affordable city for artists. Just ask this artist who bought his own blighted house for $100.
- The economic slowdown has negatively affect “art transactions,” but not as much as some expected,
…2005 was a peak of its own in the three-year trend coming out of the steep post-internet boom recession of 2002. If the art market can consolidate above the 2005 level at is trough, the hypothesis that the art market has entered a new, global phase that offers much greater expansion in terms of both volume and price has some value.
- High profile fair use fight over art. Images of the Korean war memorial depicted on a US stamp vs. the actual sculptures of the Korean war memorial.
- Even higher profile arts smackdown: China out-arts France. What could it be? Could it be…mmmm, Satan? Or just the associated evils of capitalism?
- And an interesting twist on the price elasticity of demand argument for luxury goods – turns out that art as mere luxury good may not be as accurate as art as alternative investment or store of long-term value.
“While outright global demand was weaker for luxury collectibles and consumables, there has also been a shift in luxury purchasing habits, as many HNWIs looked to secure their wealth in assets with long-term tangible value,” says the report. “This has worked strongly in favour of the art market, with art now recognized as a viable alternative investment asset.