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With the FAB Paris, Paris finally has a brilliant art and antiques fair in the Grand Palais (Éphémère) again, which Bettina Wohlfarth visited for the FAZ: "After several years of gruelling competition, the two Parisian art and antiques fairs merged last year under the name Fine Arts Paris & La Biennale. The quarrelling association of French art dealers withdrew from ... read more
At the beginning of his review of Art Cologne for the FAZ, Georg Imdahl is not sparing with his criticism: "When a fair like Art Cologne endeavours to raise its profile, but over the years tends to stagnate instead of making decisive progress, the industry likes to say that it simply "realistically reflects the German market". For its current 56th ... read more
For many visitors, Paris Photo is a temporary museum, explains Freddy Langer in the FAZ: "No art gallery could present such a wealth of material, and it is obvious that most of the 40,000 or so visitors see the fair as a temporary museum. 'At most one per cent of them,' says one gallery owner, 'are potential customers. He adds ... read more
It is often the details that make the somewhat dull Art Basel UBS Art Market Report (PDF-Download) worth reading. And sometimes a little frightening. 43 per cent of all collectors would have bought art on credit in the past, almost a third in 2022 or 2023. However, this clearly does not refer to the occasional impulse purchase at the fair: ... read more
Whether the art market is in a correction phase or a downturn is discussed by Daniel Cassady for Artnews: "So, is the market 'corrected' from the Covid boom? It's hard to say. This year, the Federal Reserve has embarked on its most aggressive campaign of interest rate hikes since the 1980s, in an effort to curb inflation. While some have ... read more
In Paris, the art market casino game of waiting lists and allocation of scarce goods is still working or is working again, claims James Tarny at Bloomberg: "Several galleries had sold enough work that they were already sending out sales reports by mid afternoon, and over subsequent days collectors-giants in their own fields of finance or real estate or private ... read more