{"id":26695,"date":"2017-05-30T08:26:05","date_gmt":"2017-05-30T12:26:05","guid":{"rendered":"https:\/\/rehs.com\/blog\/?p=26695"},"modified":"2019-02-28T21:53:35","modified_gmt":"2019-03-01T02:53:35","slug":"the-yusaku-maezawa-bandwagon","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2017\/05\/the-yusaku-maezawa-bandwagon\/","title":{"rendered":"The Yusaku Maezawa Bandwagon"},"content":{"rendered":"<p>Here we go &#8230; everyone is going to jump on the Yusaku Maezawa\u00a0bandwagon. \u00a0Please tell me why the actions of one young and very wealthy Japanese collector <em>could portend a resurgence of Japan\u2019s interest in contemporary art<\/em>? \u00a0This is one person, with a serious amount of money, who can buy what he wants &#8230; and there is nothing wrong with that.<\/p>\n<p>&nbsp;<\/p>\n<div style=\"width: 242px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.wsj.com\/articles\/japans-new-billionaire-trophy-huntermaezawa-1495838486\"><img decoding=\"async\" alt=\"BN-TQ092_MAEZAW_TOP_20170526161608\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/05\/BN-TQ092_MAEZAW_TOP_20170526161608.jpg\" width=\"232\" height=\"116\" \/><\/a><p class=\"wp-caption-text\">Yusaku Maezawa &#8211; Photo by Irwin Wong for the Wall Street Journal<\/p><\/div>\n<p>Here are just a few important questions that need to be answered before we can start drawing conclusions from his actions. \u00a0Will he continue to pay record\u00a0prices for other Basquiat works when they hit the market &#8230; in other words, will he support that market? \u00a0How many under-bidders were there on the $110M painting? At what point were there just two bidders? Where were the main under-bidders from? We\u00a0now\u00a0know that the immediate\u00a0under-bidder was Frank Fertitta III &#8230; an American.\u00a0 Can the spending habits of one person really change a segment of the art market?\u00a0 If so, how healthy is that market?<\/p>\n<p>&nbsp;<\/p>\n<div id=\"attachment_26700\" style=\"width: 254px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/05\/Portrait_of_Dr._Gachet.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-26700\" class=\"wp-image-26700 size-medium\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/05\/Portrait_of_Dr._Gachet-244x300.jpg\" alt=\"portrait_of_dr-_gachet\" width=\"244\" height=\"300\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/05\/Portrait_of_Dr._Gachet-244x300.jpg 244w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/05\/Portrait_of_Dr._Gachet-768x945.jpg 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/05\/Portrait_of_Dr._Gachet.jpg 819w\" sizes=\"(max-width: 244px) 100vw, 244px\" \/><\/a><p id=\"caption-attachment-26700\" class=\"wp-caption-text\">Vincent van Gogh &#8220;Portrait of Dr. Gachet&#8221;<\/p><\/div>\n<p>We have seen collectors come and go and artist&#8217;s prices rise and fall. Let&#8217;s not forget Yasuo Goto who, in 1987, paid a record\u00a0$40M for van Gogh&#8217;s <em>Still Life: Vase with Fifteen Sunflowers<\/em>; then a few month&#8217;s later Alan Bond paid a then record $53.9M for van Gogh&#8217;s <em>Irises<\/em>; or Ryoei Saito&#8217;s $82.5M chart topping purchase of van Gogh&#8217;s\u00a0<i>Portrait of Dr. Gachet<\/i> and Renoir&#8217;s <em>Bal du moulin de la Galette<\/em> for $78.1M in 1990 (both of which are still auction records). Where are those buyers\u00a0now? \u00a0No longer with us. \u00a0Where is the van Gogh market? Still strong; but 27 years later,$82.5M is still the top end.<\/p>\n<p>While blockbuster headlines are\u00a0enjoyable to read,\u00a0the results for the general works of art from\u00a0any period really give you an understanding of a market.\u00a0How much support is there? Where is the support coming from? Are prices moving up, stable or falling?<\/p>\n<p>I will also\u00a0admit that at times\u00a0it is fun to watch the auction action and see wealthy collectors battle it out in the public arena; but, let&#8217;s not draw too many conclusions until we have a lot more information.<\/p>\n<p>Source: <em><a href=\"https:\/\/www.wsj.com\/articles\/japans-new-billionaire-trophy-huntermaezawa-1495838486\" target=\"_blank\">Japan\u2019s New Billionaire Trophy Hunter &#8211; WSJ<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here we go &#8230; everyone is going to jump on the Yusaku Maezawa\u00a0bandwagon. \u00a0Please tell me why the actions of one young and very wealthy Japanese collector could portend a resurgence of Japan\u2019s interest in contemporary art? \u00a0This is one &hellip; <a href=\"https:\/\/rehs.com\/eng\/2017\/05\/the-yusaku-maezawa-bandwagon\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[207,134,11,9],"class_list":["post-26695","post","type-post","status-publish","format-standard","hentry","category-rehs-galleries","category-rehs-contemporary","tag-auction-news","tag-auction-records","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>The Yusaku Maezawa Bandwagon - 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\/05\/the-yusaku-maezawa-bandwagon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Yusaku Maezawa Bandwagon\" \/>\n<meta property=\"og:description\" content=\"Here we go &#8230; everyone is going to jump on the Yusaku Maezawa\u00a0bandwagon. \u00a0Please tell me why the actions of one young and very wealthy Japanese collector could portend a resurgence of Japan\u2019s interest in contemporary art? \u00a0This is one &hellip; More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2017\/05\/the-yusaku-maezawa-bandwagon\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/howard.rehs\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-30T12:26:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-01T02:53:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2017\/05\/BN-TQ092_MAEZAW_TOP_20170526161608.jpg\" \/>\n<meta name=\"author\" content=\"Howard L. 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