Americans Ditch Art Market –

Americans Ditch Art Market –

One of my very reliable Sotheby’s insiders has just revealed to me that a large majority of the buyers at the Damien Hirst auction were Russian and MIddle Eastern with very few American buyers which one would presume would have to be a result of the recent financial problems plaguing the US at the present time. More on this developing story soon…

**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications

5 Responses

  1. Thank you for your great resources and information. I have linked your blog into mine. I find your articles very informative…

    According to your views and knowledge about the economic situation in the US, what do you suggest to new american emerging artists? What to do to attract the buying art collectors?

    Many thanks.

  2. Hi Emelina,
    Thanks for the comment. My suggestion to new American emerging artists is to not submit to the pressure to create works for quick money and instead to produce high quality original work and maintain their integrity and standards. In the end quality and originality will prevail and should help encourage long term desirability as opposed to short term hype.

    Nicholas Forrest

  3. Thank you very much for your encouraging response. When you have an opportunity, I would appreciate if you could visit my website and provide feedback…based on your advice above and/or any other thoughts you may have…
    that would be very valuable to me and highly appreciated.
    Have a wonderful week! Many thanks again.

  4. Constructive feedback that is…please ๐Ÿ™‚

  5. Thanks Emelina, will do

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