anksy is on the verge of completing a self-proclaimed artist residency in New York City, in which, every day he has added (donated) a work of art to the city and its people in some way, during October, 2013. Banksy has placed himself and his art in the city at the anniversary of Super Storm Sandy. Many of the works that he had presented during his residency have appeared in areas hit hardest by the storm, although this is neither stated by Banksy or commented upon in the press.
Will Bloomberg’s and Obama’s plans to increase taxes for people above the middle-middle class result some galleries, artists and collectors moving to other countries? Will there be repercussions of Obama’s election on the art market, especially in America? Can the USA and NYC retain its place at the center of the art world?
The art market bubble of the last few years has been threatened – or at least put on hold – due to the current crisis in the world’s financial markets.
Collecting art, especially the work of emerging artists can be a savvy investment – or like any investment it can be a somewhat costly mistake.
Somewhat, because if the collector enjoys the art and it enhances their home or place of business, even if the price for the artist’s works decreases, at least one has the art! If a stock, bond or other type of investment looses value all one has are the statements.
Banksy’s Place in NYC October 2013
anksy is on the verge of completing a self-proclaimed artist residency in New York City, in which, every day he has added (donated) a work of art to the city and its people in some way, during October, 2013. Banksy has placed himself and his art in the city at the anniversary of Super Storm Sandy. Many of the works that he had presented during his residency have appeared in areas hit hardest by the storm, although this is neither stated by Banksy or commented upon in the press.
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Read MoreWill Obama Change the Art Market?
Will Bloomberg’s and Obama’s plans to increase taxes for people above the middle-middle class result some galleries, artists and collectors moving to other countries? Will there be repercussions of Obama’s election on the art market, especially in America? Can the USA and NYC retain its place at the center of the art world?
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The art market bubble of the last few years has been threatened – or at least put on hold – due to the current crisis in the world’s financial markets.
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Collecting art, especially the work of emerging artists can be a savvy investment – or like any investment it can be a somewhat costly mistake.
Somewhat, because if the collector enjoys the art and it enhances their home or place of business, even if the price for the artist’s works decreases, at least one has the art! If a stock, bond or other type of investment looses value all one has are the statements.
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