Artprice Index | September 2013
A monthly report on the art market
Financial Times, 20 September 2013 http://on.ft.com/16NXF1P
Supply constraints fuel less-expensive trends
The growth in the art market over the past few years has been led by Asian buyers, but with fewer of their favoured works on offer, it could be entering a period of uncertainty.
“The biggest auctions have focused on impressionist and modern art,” says Martin Bremond, head economist at Artprice, the art market information provider. Asian buyers were attracted by artists such as Picasso and Monet, whose paintings commanded staggering prices.
For several years, a stream of work from the most sought-after names has become available at auction and fuelled the trend, but supply appears to be drying up and there are no obvious sources to fill the void.
Read the full article at FT.com (paywall) http://on.ft.com/16NXF1P