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Alex Adelman on The Current Art Market

Blog: #5 of 16 by Alex Adelman

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February 9th, 2010 - 06:05 PM

Yet again, auction sales prove that the art market has rebounded. Hammer prices that are well over high estimates are common at galleries and auction houses alike. A Klimt oil that had been stolen during WWII was sold. The estimated $19 million to $29 million for the work was actually hammered for $45.4M.

Big name artists like Calder, Picasso, Chagall, Miro and Warhol have held also excelled, and I believe there is substantial potential for growth and that this increase those collecting art, taking money usually intended for the stock market and are not diversifying into buying art. Substantial collector base as the art market grows.

Alex Adelman, director of Masterworks Fine Art Inc, and sells original works of fine art from Old Masters to Contemporary Masters.

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