If You Like It, Buy It
The art market has experienced a rapid evolution of innovations during the pandemic that is likely here to stay. Today Noah Kupferman, Director of Business Development, hosts Tony Karman, President/Director, EXPO Chicago, for a discussion about the current state of the art market, the resilience of art fairs, and how galleries are surviving and thriving in this environment.Click here to subscribe and listen: https://podcasts.apple.com/us/podcast/the-yield/id1527659260Key Takeaways:[2:21] The current state of the private sales side of the art market, including art fairs, in the wake of the pandemic.[5:00] An overview of the successful first online edition of EXPO Chicago.[9:05] Is bigger really better? Tony reflects on recent growth and pandemic-induced adjustments of art fairs.[12:47] The enabling details of PPP loans and sales numbers of the average priced pieces that have kept every level of the art market thriving.[20:37] Trends in the art market show that resiliency and relationships are key to survival.[23:33] How collectors are utilizing the digital format to stay engaged with the art market.[28:15] Successfully partnering the digital format with the in-person art experience.[31:53] What were the noticeable sales trends from this year’s online fair?[34:30] What indications do these trends give about where the market is headed?[36:20] The accessibility impact of blended in-person and digital sales in the art market.Mentioned in This Episode:YieldstreetAthena Art Finance