The Art Basel Global Art Market Report 2024 offers a comprehensive overview of the global art market's performance in 2023, and we explore the potential implications for the luxury watch market.
Pareto is alive and well in the art market, as he is in many if not most things. As your mentioned certain popular artist, like watch makers, gain a huge following, the lions share of attention of buyers and collectors. We came see the Mathew principle at play here and how this principle was present in a previous post where it was notes that opportunity begets opportunity.
A well-written article with a lot of insights. Thanks for sharing it.
A long time ago, I had some of Sotheby's shares. It was a great way to get exposure to a booming art market.
PS: Obscure watches by PP or AP are making a solid comeback on the market. Another niche topic is 90s cars, especially pre-merger Bentleys, AMGs, or late Rollers with turbo engines.
Like vintage baseball cards, over a long period of time a few references and brands will probably be in high demand (assuming the asset class holds up) while many quality watches and brands will be overlooked.
Pareto is alive and well in the art market, as he is in many if not most things. As your mentioned certain popular artist, like watch makers, gain a huge following, the lions share of attention of buyers and collectors. We came see the Mathew principle at play here and how this principle was present in a previous post where it was notes that opportunity begets opportunity.
Love that reference to the Matthew effect. Excellent 👌
A well-written article with a lot of insights. Thanks for sharing it.
A long time ago, I had some of Sotheby's shares. It was a great way to get exposure to a booming art market.
PS: Obscure watches by PP or AP are making a solid comeback on the market. Another niche topic is 90s cars, especially pre-merger Bentleys, AMGs, or late Rollers with turbo engines.
Thanks for reading Mihail!
Good call on old making a comeback, will always ring true in every era.
Art : Watches :: Watches : Pens
Watches and pens are much closer though
Like vintage baseball cards, over a long period of time a few references and brands will probably be in high demand (assuming the asset class holds up) while many quality watches and brands will be overlooked.
A better outcome for the real nerds…