How to Enter the Art Market
September 22, 2021
6:00 pm – 7:00 pm
The notion of art as an investment has been fueled by its relative resilience to crises such as financial crashes or the Covid-19 pandemic. Indeed, recent studies found that art – in particular works by contemporary artists – have outperformed traditional asset classes such as real estate or commodities by a staggering two-digit number. Add some blockbuster sales from Christie’s and Sotheby’s and the case for diversifying your portfolio seems to be made! Yet not all art is equal and whereas the market for top-tier artists knows no limits, the overwhelming majority of works will barely cover your cab ride to the next auction house and maybe a nice dinner out.
How do you then make an informed decision as to the countless paintings, drawings, sculptures, books, and works on paper offered for sale every day? What are the mechanisms of the art market and how do you navigate its ramifications of art fairs, galleries, and live sales? A small introduction incl. case studies will reveal both its pitfalls and worlds of opportunities!
Speaker:
Former staff member at LACC, Bob Dieschburg entered the art world in 2018. After working in a gallery for contemporary art on the Lower East Side, he has led the research on a New York-based collection for MUDAM, the Contemporary Art Museum of Luxembourg. Specializing in rare books and works on paper, Bob then became the Managing Director of Arader Galleries in New York, before being appointed head librarian to the Grand Ducal Court of Luxembourg in early 2021.
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How to enter the art market
September 22, 2021
6:00 pm - 7:00 pm
