Tuesday, March 31, 2009

What's Happening in Today's Art Market:

Modern Masters

Matisse Picasso Miro Leger



Even with the current financial situation at hand, Modern Masters are holding their own extremely well, even setting new world record highs. Henri Matisse's Le coucous, tapis bleu et rose, 1911 shown first, set a new record high for the artist in February 2009 for $46.4 million originally estimated at 15.5 – 23.3 million. Pablo Picasso's Deux Personnages -Marie Therese et sa soeur lisant, 1934 sold in November of 2008 an original oil sold for $18 million at auction (shown 2nd). Earlier this year (2009) Juan Miro's Femmes et oiseaux dans la nuit, 1968 sold in February for $2.7 million at auction. Also in February of this year Ferdinand Leger's oil paining La tasse de the, 1921 sold at a new world record high for the artist in for $14.8 million (last image). At this point in time it is safe to say that Modern Masters are the choice in art and will continue to hold strong values, proving the current economic reversal as these works are highly sought after and historically significant. Two aspects a collector can always count on when it comes to secure areas in which to back our dollars. More information on this subject: "Sale of the Century", "Chrsties YSL Auction Raisses $477 Million",


Due to the Excessive Prices of Paintings: Prints and Drawings are the New First Tier


Classic Collecting Scenario
Maximum Quality + Minimum Price = Price Growth


Factors Driving the Market

Museums (70 New museums opening) on a collecting spree for Modern Masters

Recent YSL Auction set a number of world records in this bad financial climate
Excess of money on the sidelines looking for blue chip material

Quality, gold standard art has strong demand for limited supply
Excellent investment for the future and superb hedge against coming inflation

Top Quality Prints are Area of Choice

Will always have future value
Enjoyable in the home
Meets the Classic Formula: Minimum Supply and Maximum Demand
Top quality prints have tremendous price growth in current market


Recommended Modern Masters Graphics at Galerie Michael


Picasso Miro Chagall Dali




Check out our website to view our Modern Master Collections


No comments: