The Art Angle

Who's Behind the Changing Tastes in the Art Market?


Listen Later

For the latest edition of the Artnet Intelligence Report, which is now free to download, Artnet columnist Katya Kazakina wrote a wide-ranging cover story about the state of play in the art industry. Titled “New Money, New Taste,” it charts a revolution that is underway in the market, amid what has been dubbed the Great Wealth Transfer.

Economists, Kazakina reports, believe that $84 trillion in assets will change hands over the next 20 years—that's trillion... with a T. Gen Xers will inherit $30 trillion, millennials $27 trillion, and Gen Zers $11 trillion, according to one study. (Huge amounts of money!) She writes, "Their values, taste, and investment decisions will help determine the next cohort of top artists—who’s in and who’s out, who will endure and who will not."

Could longstanding kings of auction houses, like Andy Warhol and Pablo Picasso, be dethroned?

Will new names—and new types of material—arise to take their place? Everyone is guessing, aiming to protect their assets while angling for business.

All of this is happening against the backdrop of an art market marked by intense uncertainty, following some very tough years, as data in the Intelligence Report shows. The whole industry feels unsettled and off-kilter, and firms of all sizes are trying to figure out how to navigate the situation. This week on the podcast, Editor of Artnet News Pro, Andrew Russeth, speaks to Kazakina about her reporting.

...more
View all episodesView all episodes
Download on the App Store

The Art AngleBy Artnet News

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

9 ratings


More shows like The Art Angle

View all
Fresh Air by NPR

Fresh Air

38,223 Listeners

The New Yorker: Fiction by WNYC Studios and The New Yorker

The New Yorker: Fiction

3,309 Listeners

The Modern Art Notes Podcast by Tyler Green

The Modern Art Notes Podcast

476 Listeners

The New Yorker Radio Hour by WNYC Studios and The New Yorker

The New Yorker Radio Hour

6,623 Listeners

The New Yorker: The Writer's Voice - New Fiction from The New Yorker by WNYC Studios and The New Yorker

The New Yorker: The Writer's Voice - New Fiction from The New Yorker

2,100 Listeners

Hyperallergic by Hyperallergic

Hyperallergic

148 Listeners

The Daily by The New York Times

The Daily

111,397 Listeners

The Week in Art by The Art Newspaper

The Week in Art

195 Listeners

Dialogues: The David Zwirner Podcast by David Zwirner

Dialogues: The David Zwirner Podcast

411 Listeners

Post Reports by The Washington Post

Post Reports

5,422 Listeners

Art Juice: A podcast for artists, creatives and art lovers by Louise Fletcher/Alice Sheridan

Art Juice: A podcast for artists, creatives and art lovers

725 Listeners

The Great Women Artists by Katy Hessel

The Great Women Artists

523 Listeners

Hard Fork by The New York Times

Hard Fork

5,426 Listeners

The Ezra Klein Show by New York Times Opinion

The Ezra Klein Show

15,207 Listeners

NOTA BENE: This Week in the Art World by Benjamin Godsill & Nate Freeman

NOTA BENE: This Week in the Art World

140 Listeners