ArtTactic

In this week's episode of the ArtTactic Podcast, Phil Michaelson, CEO of LiveAuctioneers, joins us to discuss online bidding in the art market. First, Phil discusses LiveAuctioneers' online bidding platform and how they partner with auction houses to enable bidders to bid live in realtime in sales. Then, he discusses how online bidding as a sales channel is trending compared to absentee bids, telephone bids and in-person bidding. Also, Phil touches on the importance of an auction house's brand when it comes to instilling confidence in online bidding as well identifying certain art market trends based on their aggregated bidding data.

In this week's episode of the ArtTactic Podcast, Asher Edelman, founding member and CEO of Artemus, an art financing and leasing company, joins us to catch-up on the latest activities in the art financing space as well as discuss the current state of the art market. First, Asher reveals the increased lending activity at Artemus and speculates why he believes the art world is more receptive to art financing than it was previously. With the art market starting up again with art fairs, auctions and gallery shows after the annual summer hiatus, Asher tells us why he's concerned about the short-term future of the art market, in large part due to non-Western collectors potentially leaving the marketplace. Also, Asher reveals why he's tracking the number of 3rd party guarantors who are winning artworks at auction.

In this week's edition of the ArtTactic Podcast, Hannah Elliott, staff writer at Bloomberg News covering the luxury sector, joins us to recap the Monterey classic car auctions, the biggest event of the year in the classic car market. First, Hannah tells us about the headline grabbing 1962 Ferrari 250 GTO that sold for $48.4 million, the highest price ever for a car at auction. Hannah shares the history of the car and why it set an auction record. Then, she sets the scene for us in Monterey, explaining how many auctions occurred and how many cars were sold. Next, Hannah describes the health of the classic car market following the auctions, including which brands outperformed and which ones experienced softening. Lastly, Hannah touches on if wealthy Asian individuals are penetrating the car market, like they are the art market, how car companies are levering the auction week to debut new cars, and if we are seeing some collectors who collect both art and classic cars.

In this week's episode of the ArtTactic Podcast, Dr Iain Robertson, head of art business at the Sotheby's Institute of Art in London, joins us to discuss his new book, New Art, New Market, exploring several emerging contemporary art markets. First, Iain explains why he decided to write the book now and identifies which geographies he explores in the book. Then, he tells us which markets he is feeling most bullish about and which ones have him most concerned. Also, Iain discusses the extent to which western art collectors are collecting artists from emerging art markets and how that differs from a decade ago before the economic crisis. Lastly, he explains government's ideal role in the development of a nascent contemporary art market.

In this week's episode of the ArtTactic Podcast, we speak with Christine Bourron, CEO of Pi-eX, a firm that offers financial instruments based on art in the art market. First, Christine introduces us to contract on future sales, a product that enables sellers to pre-sell a percentage of their artwork to investors in advance of their artwork heading to auction. Then, Christine argues why this is a superior product to traditional third party guarantees offered by auction houses. Also, she explains why investors interested in this product won't be limited to art world insiders.

In this week's episode of the ArtTactic Podcast, we're joined by Scott Lynn, founder of Masterworks, a startup that allows investors to buy and trade in shares of artworks. First, as an active collector, Scott tells us what motivated him to launch a company that provides others with the opportunity to have fractional ownership in artworks. Then, he walks us through how Masterworks works, including how they acquire their artworks for the platform and how individuals can purchase and trade shares of an artwork. Also, Scott reveals why they chose artworks by Andy Warhol and Claude Monet as the first two on the platform. Lastly, he discusses his plans to eventually establish a physical gallery where viewers can see the art on the platform in person and have the opportunity to purchase shares of the artwork on the spot.

In this week's edition of the ArtTactic Podcast, Rachel Corbett, deputy editor at Artnet News, joins us to discuss the alarming trend of decreasing gallery attendance. First, Rachel explains the extent to which visitor attendance is declining at art galleries. Then, she identifies some of the primary reasons why this is occurring. Also, Rachel reveals the measures galleries are taking to reverse this trend. Lastly, she speculates on what the future may look like for brick-and-mortar galleries if this trend continues.

In this week's episode of the ArtTactic Podcast, Jessica Klein, freelance journalist, joins us to discuss her recent article in The Outline on the art world, cryptocurrency and blockchain. First, Jessica identifies a few notable artists currently incorporating blockchain technology and cryptocurrency in their art in different ways, such as Kevin Abosch, Cryptograffiti and Sarah Meyohas. Then, she tells us if there is any crossover between the collectors of this blockchain and cryptocurrency art and more traditional contemporary art. After, Jessica explains how select galleries and auction houses are targeting the newly crypto wealthy. Lastly, she identifies some of the art world startups that are leveraging blockchain technology to try to address provenance issues.

In this week's episode of the ArtTactic Podcast, Patrick van der Vorst, CEO of ValueMyStuff, an online appraisal company, joins us to update us on the appraisals market. First, Patrick tells us about his experiences at Sotheby's and what inspired him to found Value My Stuff in 2009. Then, he identifies some of the major changes in the appraisals space since we last had him on the podcast five years ago. Then, Patrick reveals how many of the appraisals generated at ValueMyStuff are by individuals trying to figure out what something is worth versus repeat customers getting updated appraisals because of shifts in the market. Lastly, Patrick shares some of the most fascinating findings from ArtTactic and ValueMyStuff's recently published Valuations & Appraisals Market Report.

In this week's episode of the ArtTactic Podcast, Judd Tully, veteran art market reporter, joins us to recap last week's edition of Art Basel. First, Judd comments on the trend seen in recent years in which several galleries are bringing high-value artworks at a level previously unseen at the fair. Then, Judd reveals if the recent and overdue commercial growth for African American and female artists continued at the fair. Also, he touches on some of the interesting topics discussed amongst insiders at the fair, including a London art advisor who has been scamming deals and advisors, the response to Art Basel Unlimited and the high degree of pre-selling that occurred before the fair. Lastly, Judd describes the current health of the contemporary art market and tells us if there is any reason for concern.