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I recently sold works from the belle époque era to raise some cash through the bear market and, aside from usual haggling, the high end gallery curators were sc
by yieldcrv 3y ago
I recently sold works from the belle époque era to raise some cash through the bear market and, aside from usual haggling, the high end gallery curators were scared that there was no interest in this era anymore, that all the collectors were 80 years old
I told them that millenials and gen Z loooove art nouveau, theyre just not in your networks and dont have the money yet
this was hard for them to understand, as they are also 70 and 80 years old and this aspect of the art world, social media virality with no associated indexing on google, has only recently occurred
I would definitely say following the money has some folly because it doesnt really tap into all sentiment. money is influenced by crowd sentiment and if you inspire the crowd, the moneyed interests FOMO
- boppo1 3y agoHow/Where did you sell them? I am one of the millennials you mentioned and would love to know where I can keep an eye out for this stuff once I can afford it.
- yieldcrv 3y agoThere are only a few fine art galleries, and there are even fewer cities that are fine art markets. I sold the belle epoque art nouveau works on park ave in nyc, but I originally found them in san francisco - which is not really a fine art market but has a couple galleries
- boppo1 3y agoI’ve seen ‘galleries’ all over. How does one know if it’s really a fine art gallery or not? I have a pretty good eye as I’m a novice painter with a few years of old-style academic training under my belt (casts, nude models, etc). All I know of that I’d call mostly respectable are Maxwell-Alexander and Arcadia Contemporary. But they deal only in living painters.
- yieldcrv 3y agoHonestly it’s about what other galleries think of them The key term here is provenance, how strong and reliable is proving the history of ownership if that gallery is involved, can they produce the prior provenance on demand I don’t know the best way to find that out from the outside. If you try to sell a piece you own you’ll find it very quickly, after you mention where you got it from
- bradknowles 3y agoIn my experience, things like Art Nouveau and Art Deco are much more common in Europe, especially Belgium, France, Germany, and the UK. The places where this stuff was born can still be visited. In Brussels, there are antique dealers in the Marolle area that specialize in this stuff, and they're happy to help out a prospective buyer.
- ewuhic 3y agoDare telling how to build a network to sell art to?
- yieldcrv 3y agoI bought fine art from a gallery a few years ago, and sold it to a different gallery when I needed money This involved phone calls to galleries in rich areas, and predicting what people care about. Setting up the meetings was not complicated, I just had to do it, which was an adventure. The primary thing to understand is the economics first, aesthetics second or not at all. When you are a private collector, you’re a wildcard that can influence the galleries whole inventory of that era/artist/series, because art is just low float asset, where a tiny tiny percent trades and changes the price of 100% of the series not trading, based on the last price of the 1 that did trade. so you have to think about the gallery that would care to know you’re about to crash their inventory value. theyll want to get your piece out of circulation as fast as possible, to ensure no public price history occurs.
- boppo1 3y agoHow do other galleries holding inventory find out the most recent last price?
- yieldcrv 3y agoauctions and online sales
- creer 3y agoIt's also a trade in (often) one-off pieces. It's their job and skill. The gallery is in business because the staff has a feel for how much money they can get from whom for these pieces. They do have a network of potential buyers (who are or are not currently interested in your one or two pieces). They also know the people at other galleries, who have still more contacts. These contacts are not just collectors - they are all the consultants and curators who work for them. Some pieces are bought by the gallery because it "specializes" in that artist or genre. They know what they paid and got for other pieces. Perhaps nobody else does. And then a piece is sometimes sold not just "because it's the price" but because it has sat long enough and it's time to go.