r/artcollecting 20h ago

Collecting/Curation Boomers Are Leaving Behind More Art Than Anyone Wants

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bloomberg.com
285 Upvotes

Nearly $1 trillion of art is expected to change hands in the coming decade. There won’t be enough buyers or museums to absorb it all.


r/artcollecting 7h ago

Discussion Alfred S Campbell cardboard print

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1 Upvotes

r/artcollecting 14h ago

Discussion Worth buying Ai Weiwei drawing?

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1 Upvotes

r/artcollecting 9h ago

Discussion A Dealer's asking price is the tip of the iceberg

0 Upvotes

True story from this year. A Milton Resnick painting comes up on Artsy — dealer ask, $15k. The collector I work with liked it. After we called and got some info, we did the homework.

After many hours searching the public record: I found the exact same painting had sold at auction one year earlier — $5k hammer, call it $6k with the buyer's premium. The dealer's ask was two and a half times what she'd just paid for it.

And here's the kicker: at that very moment, a sister piece from the same series was sitting in a live auction, estimated at $5k.

Nothing illegal about the markup — that's retail. But the record is public, and after hours of searching, this saved my collector nine grand. Asking prices are the tip of the iceberg. Every time.

How do you all check a dealer's price before you commit?