Last week was a slow show, probably for several reasons. Sales are predicated on who attends, their budgets and their outlook on the economy. Oh, and in this case, weather. Obviously, right now many folks are holding onto their money. Art purchases, especially spontaneous ones, are less likely, so it's important we as artists market creatively, and remain focused on what we do best.
Like so many parts of the economy, the art market is going through transition. The tightened credit markets along with a large number of people watching their discretionary spending may mean it takes years to return to the sheer numbers of buyers we had in recent years. The ones that do return may expect lower pricing. What the new reality will look like is still a mystery and may be a long gradual change. Artists and dealers should be ready to adapt.
WHAT'S NEW: Painting Commission, 43x41 tentatively titled River Sunset