Monday, January 5, 2015

Market Predictions for 2015: Economic Chaos, Dealers Under Threat, Leaderless Sale Rooms…

THE ART NEWSPAPER
By Georgina Adam

This year was an incredible one for the art trade, and while the final figures were not yet in when we went to press, 2014 is likely to be a record year, thanks to the strength at the top of the market for contemporary art. But the year ended with the chief executives of both major auction houses stepping down amid some apparently glorious results. What will happen in 2015; can the market continue to grow, or are we in for a correction? The next 12 months are probably the hardest I have ever had to predict… [link]

The market...
  1. Luxury goods...
  2. Dealers...
  3. Expansion...
  4. Auction houses...