I spoke to a contemporary fine art dealer at one of the fairs about sales.  He said they were expecting the higher end pieces to sell well, but that lower priced art (below five thousand or less) probably would not sell.

He thought this was due to the fact that the mid-range collectors have pulled back or are not as active, but that major collectors that had spent hundreds of thousands of dollars in the past are are spending less but are after mid-priced pieces for their collection.

So, the dealer thought the “sweet spot” were pieces priced ranging from ten to fifty thousand.

We’ll see.  Go the fairs, such as the Armory and Volta on 82 Mercer Street in SoHo–its a very interesting art fair.

Steve Giovinco

Share
Published by
Steve Giovinco

Recent Posts

Guggenheim Fellowship Plan

“The Realm of the Dead: Capturing the Transformation of Helheim Glacier” Steve Giovinco Project Summary…

4 months ago

AI Misinformation and Photographing Sites of Climate Change

Project Summary I am seeking a Fulbright Fellowship for an interdisciplinary project focused on underrepresented…

4 months ago

Night Landscape Photographs: The Netherlands

The Netherlands: Night Landscape Photographs, Canals and Sky

4 months ago

Enhancing Your Art Practice with AI: A Simple Guide to Using ChatGPT

AI and Artists? It’s Not What You Think… If you are old enough like me…

10 months ago