Covid-19 and the Art Market
DUE TO COVID-19, ART PRICES CAN EXPECT TO LOSE BETWEEN 10% - 50% OVER THE NEXT TWELVE MONTHS
Spotting Value for Money, Art Surveyors and Consultants
ONLINE ART BUYER INSPECTION & SURVEY
Art Advisory | Art Investment | Art Finance | Art Econometrics & Forecasting | Independent | Auction House Advisory | Private Advisors |
Check Your Bid,
Do NOT Waste Money
And Your Valuable Time
Art Price Consultants
Art Valuation Experts
We act on behalf of the art buyer. Auction houses act on behalf of the seller and offer little service to buyers. Auction houses act to achieve the highest selling price. There is a difference between art price and value, we advise on the optimal bid and so eliminate buyers remorse. We also inspect and survey art to make sure the art work is as described and value for money this is important when dealing with online art. Due to Covid-19 art prices can expect to see a reduction of between 10% - 50% over the next twelve months. The more recent the art the more easily it can become devalued.Masterpieces by Modern British artists such as Augustus Edwin John, LS Lowry, Mick Rooney, Lucian Freud and Francis Bacon will hold their value over time.
As for online auction sales there are fears buyers will spend less on premium items if they cannot be inspected in person, our services are designed to represent the buyer and to get a good deal. Due to Covid-19 it is unclear whether people will be able to travel or gather for in person auctions. Online art prices tend to be lower. An online only auction sale for multi million dollar masterpieces without the opportunity for proper viewing will not maximize value. The idea that a collector will feel comfortable bidding millions of dollars on a Francis Bacon especially if they have not seen it in person seems unlikely. Our buyer services are essential.
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Contact: Roger Stiles
T: + 44 (0) 207 293 0320
M: +44 (0) 777 648 6390
Email:[email protected]
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