{"id":13,"date":"2009-09-16T17:40:27","date_gmt":"2009-09-16T21:40:27","guid":{"rendered":"http:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/?p=13"},"modified":"2018-09-07T17:37:10","modified_gmt":"2018-09-07T16:37:10","slug":"recession","status":"publish","type":"post","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/recession\/","title":{"rendered":"Recession and it&#8217;s effect on the art world ?"},"content":{"rendered":"<div class=\"xhkyv69d7888296e12\" ><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- 300x250, Word Press -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:300px;height:250px\"\r\n     data-ad-client=\"ca-pub-0108254043138262\"\r\n     data-ad-slot=\"8241926334\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<\/div><style type=\"text\/css\">\r\n.xhkyv69d7888296e12 {\r\nmargin: 5px;padding: 0px;\r\n}\r\n@media screen and (min-width: 1201px) {\r\n.xhkyv69d7888296e12 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.xhkyv69d7888296e12 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.xhkyv69d7888296e12 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.xhkyv69d7888296e12 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.xhkyv69d7888296e12 {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n<h3>Would a recession affect the art world?<\/h3>\n<figure id=\"attachment_317\" aria-describedby=\"caption-attachment-317\" style=\"width: 229px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"317\" data-permalink=\"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/mundi_framed-783x1024\/\" data-orig-file=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?fit=783%2C1024&amp;ssl=1\" data-orig-size=\"783,1024\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Mundi_framed-783&amp;#215;1024\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?fit=229%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?fit=640%2C837&amp;ssl=1\" class=\"wp-image-317 size-medium\" src=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?resize=229%2C300\" alt=\"The effect of recession on the art world\" width=\"229\" height=\"300\" srcset=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?resize=229%2C300&amp;ssl=1 229w, https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?resize=768%2C1004&amp;ssl=1 768w, https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?resize=783%2C1024&amp;ssl=1 783w\" sizes=\"auto, (max-width: 229px) 100vw, 229px\" \/><\/a><figcaption id=\"caption-attachment-317\" class=\"wp-caption-text\">Salvator Mundi by Leonardo Da Vinci recently sold at Christie&#8217;s in New York in November 2017 for $450.3 million, setting a new record for the most expensive painting ever sold<\/figcaption><\/figure>\n<p>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.<\/p>\n<p>Would a work of art lose or retain its value?<br \/>\nAfter all, a work of art is just that. Could you afford to sit by and ride the market? With the great works of art from the masters, the artist is after all already dead, so it&#8217;s not like there&#8217;s\u00a0going to be will be any more of the item you require to choose from at a later date. Its a one of, for a matter\u00a0of fact there would never be another.\u00a0 Perhaps there will always be others like it, copied\u00a0by other artists, but never the original.<\/p><div class=\"kseeg69d7888296e76\" ><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- 300x250, Word Press -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:300px;height:250px\"\r\n     data-ad-client=\"ca-pub-0108254043138262\"\r\n     data-ad-slot=\"8241926334\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><style type=\"text\/css\">\r\n.kseeg69d7888296e76 {\r\nmargin: 5px;padding: 0px;\r\n}\r\n@media screen and (min-width: 1201px) {\r\n.kseeg69d7888296e76 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.kseeg69d7888296e76 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.kseeg69d7888296e76 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.kseeg69d7888296e76 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.kseeg69d7888296e76 {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<p>There are occasionally new masterpieces being discovered in private collections that more often than not go straight to auction but once a work of art is sold to a gallery or collector the chances of it re-emerging on the open market are minimal. Unless of course it is flipped or the owners are forced to sell for financial reasons.<\/p>\n<p>It could be argued that a work of art is only worth what a buyer\/collector is willing to, or can afford to pay for it and so in an unstable market perhaps it may be likely that a piece may fetch less than its expected price?<br \/>\n[amazon_link asins=&#8217;B003CSQSPI,1472140354,0975503103,1517465907,0786753854,1621535738,0393040712&#8242; template=&#8217;ProductCarousel&#8217; store=&#8217;scrapbooking09-21&#8242; marketplace=&#8217;UK&#8217; link_id=&#8217;b5737526-60e5-11e8-af88-8ffc09da87b8&#8242;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[9,45],"class_list":["post-13","post","type-post","status-publish","format-standard","hentry","category-art-in-recession","tag-art-in-recession","tag-recession","one-column"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Recession and it&#039;s effect on the art world ? 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Some of you may have visited before, but for those of  you who have not I would  just like to say thank you for showing an interest.  I hope that you find the information both in my pages and my posts helpful and that I  provoke a small amount of thought and interest with what I have written.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/#\/schema\/person\/a8c02e1eed7e3c37122ca713f235f500","name":"Denu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8cd46d7de6902c9f013480a3349566274f974d12a9978ca026412341a0a7ecd8?s=96&d=mm&r=r","url":"https:\/\/secure.gravatar.com\/avatar\/8cd46d7de6902c9f013480a3349566274f974d12a9978ca026412341a0a7ecd8?s=96&d=mm&r=r","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8cd46d7de6902c9f013480a3349566274f974d12a9978ca026412341a0a7ecd8?s=96&d=mm&r=r","caption":"Denu"},"sameAs":["http:\/\/www.arts-crafts-hobbiesanddiy.com"],"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/author\/admin\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2EApV-d","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":207,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/","url_meta":{"origin":13,"position":0},"title":"Art profit. Is art purchased for profit or pleasure.","author":"Denu","date":"March 3, 2017","format":false,"excerpt":"Art profit Having recently read that a floral impressionist landscape painting by Gustav Klimt recently sold at Sotheby's London auction for $59million approx \u00a348million 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\u2026","rel":"","context":"In &quot;Art in recession&quot;","block_context":{"text":"Art in recession","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art-in-recession\/"},"img":{"alt_text":"art profit or pleasure","src":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction-300x264.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":26,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/emotions\/","url_meta":{"origin":13,"position":1},"title":"Emotions. Art on the emotions.","author":"Denu","date":"September 17, 2009","format":false,"excerpt":"What effect does art have on the emotions? A work of art can depict many things, document many historical events, tell many stories. In addition, It can also shed light or provide us with a fleeting glimpse into the lives and emotions of the artists themselves. How much passion, guilt,\u2026","rel":"","context":"In &quot;Art on Emotion.&quot;","block_context":{"text":"Art on Emotion.","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art-on-emotion\/"},"img":{"alt_text":"Art on emotion","src":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2009\/09\/Titians-Flora2.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/genuine-masterpiece\/","url_meta":{"origin":13,"position":2},"title":"Genuine masterpiece. Real masterpiece","author":"Denu","date":"January 16, 2017","format":false,"excerpt":"The genuine masterpiece. What is a genuine masterpiece? I have looked at thousands of paintings, photos and other interpretations of art by various artists to seek out what to me is a genuine masterpiece, but it wasn't until yesterday that it dawned on me. Are we not all a genuine\u2026","rel":"","context":"In &quot;Art on Emotion.&quot;","block_context":{"text":"Art on Emotion.","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art-on-emotion\/"},"img":{"alt_text":"The genuine masterpiece.","src":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/01\/black-and-white-community-crowd-9816-1024x423.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/01\/black-and-white-community-crowd-9816-1024x423.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/01\/black-and-white-community-crowd-9816-1024x423.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/01\/black-and-white-community-crowd-9816-1024x423.jpg?resize=700%2C400 2x"},"classes":[]},{"id":188,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-is-for-everyone\/","url_meta":{"origin":13,"position":3},"title":"Art is for everyone. The wonders of art.","author":"Denu","date":"February 21, 2017","format":false,"excerpt":"It is my humble opinion that art is for everyone. To be more specific, the creation of art. The actual act of putting pencil to paper or paint to paper. These being my preferences although art comes in many forms with endless mediums for experimentation. Why, because by doing so\u2026","rel":"","context":"In &quot;Art on Emotion.&quot;","block_context":{"text":"Art on Emotion.","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art-on-emotion\/"},"img":{"alt_text":"Art is for everyone. Art therapy.","src":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/02\/adult-art-beautiful-704977.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":240,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/what-is-art\/","url_meta":{"origin":13,"position":4},"title":"What is ART? Art by definition.","author":"Denu","date":"December 29, 2017","format":false,"excerpt":"[amazon_link asins='1784881112,050028895X,0140446427,1905570074,0649540115,151755215X,0295970170,1628450460,0300205716' template='ProductCarousel' store='scrapbooking09-21' marketplace='UK' link_id='4ae216d5-60dd-11e8-a0b6-016ffeecf898'] What is art?? So I guess the big question is, what is art? It's in the mind's eye and can be whatever your imagination will allow it to be. Its a drop of rain ricocheting from a tarmac canvas then exploding into oblivion as\u2026","rel":"","context":"In &quot;Art&quot;","block_context":{"text":"Art","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art\/"},"img":{"alt_text":"What is classified as art?","src":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/12\/blur-businesswoman-caucasian-941555-300x200.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":421,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/how-much-is-a-painting-worth\/","url_meta":{"origin":13,"position":5},"title":"How Much is a Painting worth?","author":"Denu","date":"November 20, 2018","format":false,"excerpt":"How much is a painting worth? Having recently read\u00a0that an abstract oil painting by Chinese-French master Zao Wou-Ki sold at Sotheby's for $65 million and a work by David Hockney, Portrait of an artist (pool with two figures) was given a sale estimate by Christie\u2019s of $80 million then actually\u2026","rel":"","context":"In &quot;Art&quot;","block_context":{"text":"Art","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art\/"},"img":{"alt_text":"How much is a painting worth? 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