Friday, October 21, 2011

Art Markets and Stock Markets: Another RBC Q&A out in Today's Post

I'm always being prompted to think about new things on the job--things that are new to me, anyway.

In chatting with RBC curator Robin Anthony this week, it finally came into my full consciousness that painting may not only be a safe market choice for private art collectors--it also could be considered a safe market choice for museums in terms of selling tickets to exhibitions and getting viewers through the door.

Here's an excerpt from our conversation, out in today's National Post:

Q Canada's biggest commercial art fair, Art Toronto, kicks off next week. What are you expecting to see there in terms of the market for these [RBC CPC finalists] and other artists?

A Having just come back from Frieze Art Fair in London, what we noticed was that most of the art dealers took a fairly conservative approach. There was a very noticeable amount of painting as opposed to photography or video. It may also be coincidental with that [Tate] Richter retrospective and with the just-opened Group of Seven show at Dulwich Picture Gallery in London, which RBC was also involved with. My prediction at Art Toronto is that many of the booths will be exhibiting painting and perhaps take a little bit of a conservative approach, so that it will be work that's of a scale and size appropriate for private collectors.

Q Don't expect to see any massive murals for sale soon, then?

A Probably not as much as we've seen in the past. I think caution from the financial markets does transfer over into the art markets, but at the same time art offers people the chance to look at other vehicles of investment [besides stocks and bonds].

For more of Anthony's advice to collectors and artists in this tough market, read on at the Post.

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