The Polarized Art Market – How High End Sales are Changing the Infrastructure of the Global Art Trade
Stephen Brodie will be speaking on a panel entitled, "The Polarized Art Market – How High End Sales are Changing the Infrastructure of the Global Art Trade." The panel will examine the influence of top prices on the growth of the aggregate market and assessing the performance of the top end versus rest of market. It will ask how these sales are affecting market valuations and appraisals as well as looking at the investment implications for collectors. The panelists will determine who in the art trade is really gaining from these sales and the competitive and legal implications of practices such as auction guarantees and other potential manipulation of the market in the struggle to secure vendors. It will also look at which markets will be most important for high- end sales going forward: Beijing versus New York versus London, asking which center has the greatest sustainability and why.