Category: Art in recession

Art in recession

Art profit. Is art purchased for profit or pleasure.

Art profit Having recently read that a floral impressionist landscape painting by Gustav Klimt recently sold at Sotheby’s London auction for $59million approx £48million I began to wonder if in fact it was only purchased for art profit, not pleasure. I mean, being realistic of course, the only type of person that could afford to …

Art in recession

Recession and it’s effect on the art world ?

Would a recession affect the art world? With falling property prices and people being terrified to sell or buy anything at the moment for fear of great financial loss it got me thinking as to the knock-on effect the recession may or may not have on the art world. Would a work of art lose …