Partasio’s Post

In a year marked by uncertainty and heightened volatility across the broader art market, the blue-chip contemporary paintings segment has once again proven to be a pillar of stability so far. This segment continues to deliver strong performance, exceeding historical sell-through rates and standing out as a solid investment amidst market fluctuations. #diversification #artinvesting #artinvestment #bluechipart

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The November auctions in New York, a cornerstone of the art world's calendar, are a critical barometer of market health. This year, Christie’s made waves with the record-breaking sale of René Magritte's ‘L’empire des lumières’ for an extraordinary USD 121 million - the first artwork to surpass USD 100 million at public auction in 2024. These results underscore a highly selective market, where collectors focus their investments on works that meet the highest standards of quality and provenance. Want to stay informed on the latest developments in the global art market? Check out our experts' short report on the November New York auctions. #arteducation #diversification #artinvesting #artinvestment

💥 The New York auctions delivered a much-needed morale boost for the global art market, exceeding expectations in impressive fashion with the blue-chip contemporary paintings segment generating sales of 20% above pre-auction estimates. 🍌 And let’s not forget Maurizio Cattelan’s much-hyped banana artwork, which sold for over USD 6 million, making headlines around the world. 🌟 Once again, these auctions proved a vital truth: quality sells. Top-tier works by globally established artists continue to command premium prices - a reflection of their rarity and the continued demand from collectors worldwide. #diversification #bluechipart #artinvesting #artinvestment

📌 DOES THE SIZE OF THE ARTWORK INFLUENCE THE FINAL PRICE? Absolutely. However, there is often a misconception that the larger the size, the higher the value of the work. But one has to distinguish the type of buyer: - If it is a museum institution, large size might not be a problem.  -if it is a private collector, it is essential to take into account the space available to exhibit the work. The balance between the size of the artwork and the needs of the buyer is essential to ensure a choice that is both aesthetically and functionally satisfying. Do you prefer large or small works? #artmarket #artadvisor #artinvestment

The current dynamics of the art market are quite interesting. Sellers are hesitant to bring the highest-quality works to auction for fear of disappointing bidding results. This has reduced the volume and quality of paintings available at public auctions. Conversely, more high-quality works are being transacted in the private markets, where sellers benefit from greater discretion. While liquidity in the top segment of the art market has decreased due to the gap in expectations between buyers and sellers, there is no doubt that quality paintings by truly blue-chip artists remain in high demand, often commanding high prices. Please send me a DM if you are interested in receiving our proprietary auction analytics for the blue-chip contemporary paintings market for H1 2024. #diversification #artinvesting #artinvestment #bluechipart

The art market’s first half of 2024 was characterized by rather risk-averse behavior among both buyers and sellers, resulting in fewer transactions due to a mismatch in expectations. Consequently, the market for top-quality blue-chip art continues to outperform all other segments, while demand from speculative buyers has significantly declined. Read our brief H1 2024 art market report for a comprehensive review of public auctions and art fairs. #arteducation #artinvestment #artinvesting #bluechipart

Wall art lighting is itself an Art!! Whether lighting an art gallery, museum, an art studio or your living room, selecting the best lights for a work of art requires knowledge!! KEY AIMS OF LIGHTING ART 1-Visibility 2-Accurate color rendering 3-Highlights the focal points 4-Preservation Sources of Lights 1-Natural light 2-LED 3-Picture lights and lamps

Taking the combination of art and technical expertise to another level!

Pursuits Inc. founder, Marla Wasser, was recently featured in the Fall Edition of Kabin Magazine, sharing valuable tips for novice art collectors. While navigating the art world may be challenging for first-time art collectors, Marla highlights, “The art market can often seem daunting, but an art consultant can cut through the noise, opening the doors to a vibrant global art scene. Most importantly, we provide expert advice to navigate risks, ensuring that our clients' transactions are seamless and transparent.” The comprehensive article also features insights from Carlyn Moulton, owner of Prince Edward County's Oeno Gallery. Don’t miss out- check out the full article here at P.24-28: https://lnkd.in/ghXJFEKs #Art #ArtAppreciation #ArtAdvisory #PursuitsInc