{"id":25924,"date":"2017-02-10T08:20:08","date_gmt":"2017-02-10T13:20:08","guid":{"rendered":"https:\/\/rehs.com\/blog\/?p=25924"},"modified":"2019-02-28T22:05:41","modified_gmt":"2019-03-01T03:05:41","slug":"art-markets-slump-gets-worse-in-2016","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2017\/02\/art-markets-slump-gets-worse-in-2016\/","title":{"rendered":"Art Market\u2019s Slump Gets Worse in 2016"},"content":{"rendered":"<p><a href=\"https:\/\/www.wsj.com\/articles\/art-markets-slump-gets-worse-in-2016-1486630802\"><img decoding=\"async\" alt=\"BN-SA142_christ_D_20170208114220\" class=\"alignleft\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/02\/BN-SA142_christ_D_20170208114220.jpg\" width=\"262\" height=\"174\" \/><\/a>Kelly Crow begins her article with:\u00a0<em>The art market sank into a deeper slump last year, with London-based auction house Christie\u2019s International PLC saying Wednesday it sold \u00a34 billion, or $5.4 billion, of art last year, a 27% decline..<\/em><\/p>\n<p>And\u00a0this is how Christie&#8217;s started off their press release:\u00a0<em>Global Collecting Demand Underpins Resilient Art Market as Christie\u2019s Art Sales Total \u00a34 billion\/$5.4 billion<\/em><\/p>\n<p>Guess it is all about how you want to spin the numbers!<\/p>\n<p>Why is\u00a0the health of the art market based on the yearly sales of just two or three auction rooms? \u00a0An auction room&#8217;s results are only as good as the works they get to sell. \u00a0If buyers decide to sell in a more private way &#8212; like through art dealers &#8212; then the auction rooms will take a hit. \u00a0I know that our business has been fairly steady over the past few years.<\/p>\n<p>In addition, with the help of the Internet, some sellers\u00a0now have the option to sell in peripheral auction rooms\u00a0which will take business away from the big boys. The pendulum swings back and forth between the dealers and the auction rooms and I think a more appropriate title for this article would be &#8212; 2016 Was A Tough One For Sotheby&#8217;s &amp; Christie&#8217;s.<\/p>\n<p>Source: <em><a href=\"https:\/\/www.wsj.com\/articles\/art-markets-slump-gets-worse-in-2016-1486630802\">Art Market\u2019s Slump Gets Worse in 2016 &#8211; WSJ<\/a><\/em><\/p>\n<p>Source:\u00a0<em><a href=\"https:\/\/www.nytimes.com\/2017\/02\/09\/arts\/christies-sothebys-phillips-2016-auction-sales.html?_r=0\">Auction Sales Down at Christie\u2019s, Sotheby\u2019s and Phillips, in a Challenging 2016<\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kelly Crow begins her article with:\u00a0The art market sank into a deeper slump last year, with London-based auction house Christie\u2019s International PLC saying Wednesday it sold \u00a34 billion, or $5.4 billion, of art last year, a 27% decline.. And\u00a0this is &hellip; <a href=\"https:\/\/rehs.com\/eng\/2017\/02\/art-markets-slump-gets-worse-in-2016\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":21,"featured_media":25925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[207,11,9],"class_list":["post-25924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-auction-news","tag-rehs-contemporary-news","tag-rehs-galleries-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Art Market\u2019s Slump Gets Worse in 2016 - Rehs Galleries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2017\/02\/art-markets-slump-gets-worse-in-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Art Market\u2019s Slump Gets Worse in 2016\" \/>\n<meta property=\"og:description\" content=\"Kelly Crow begins her article with:\u00a0The art market sank into a deeper slump last year, with London-based auction house Christie\u2019s International PLC saying Wednesday it sold \u00a34 billion, or $5.4 billion, of art last year, a 27% decline.. 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