The art market, like the economy as a whole, is in a turbulent state. With investments dwindling and unemployment rising, a certain segment of art collectors is finding it difficult to justify spending on this “luxury” good. It’s intriguing to consider how this economic uncertainty will affect supply and demand in the art market in both the short- and long-term.
For those of you in or near NYC, panelists with a variety of backgrounds (but no economists) will be sharing their views at a public event at the Fashion Institute of Technology tomorrow (April 22) from 7:00-8:30 pm. Check out the details here.
Thanks to Modern Art Obsession for putting this on my radar!