It has been said that the current art market is on fire- that current art sells can be decided by the strike of a match. I've expressed my opinion about the dangers of this hot art market in the recent past (a crash could send younger artists who are selling for high prices into total obscurity and could chip away at the careers of more established artists). However, in regards to the hodge-podge of art that is selling at this time, I must say that it is not really a bad thing... or is it?
The fact that so much art is selling for high prices has me concerned, but the fact that all types of art can thrive in the current market is a nice change from a market that often seems extremely selective. The galleries of today seem to be taking more of a risk with emerging artists in that they are opening their doors- doors that would have been slammed shut just a few years ago when the market was cold.
Emerging artists have been able to get their 'foot in the door'. This has lead to a variety in art styles and forms. Need proof? Attend any major art fair throughout the world and you will observe what I'm talking about. The fires are burning bright for young talent! ...How long will it continue?
This shift in the art market has allowed a wide range of art to be displayed and purchased. Young collectors, which are increasing in number, have embraced this diversity. These aspects of the current art market come together in order to offer artists a more balanced foundation to work from as far as success is concerned. However, the foundation is a rocky one. I don't believe it is stable.
'Rags to riches' stories are plentiful- the overall acceptance of art as a whole has increased sharply. Though I believe it is wise to be cautious of this market I must say that I enjoy the diversity. I hope the diversity continues no matter what happens with the buying market. The art market of today has increased the acceptance of all artistic forms. That is one positive aspect of the current hot market.
At the heart of the market there is a sense that no art is better than another form of art. In 2007 we have seen traditional and conceptual works sell for millions. Photographs and installations have sold for high sums of money alongside traditional oil paintings. Collectors, dealers, and curators are all switching to a form of diversification as far as their collections are concerned. All art is hot at the moment... every artist has a chance to ignite his or her career.
People are embracing a wide variety of art instead of focusing on one area or notion of art. This is great for the acceptance of artists and their work as a whole as it tends to trickle down to the rest of the populace. However, it is wise to keep a wary eye on the market as far as high pricing is concerned. A match can be extinguished by a simple gust of wind, true?
I view the current market as a box of matches- a box of matches that has been thrown upon the floor. People are grabbing every match up and each match happens to be unique from the other in shape and design. Each has a different colored flame when lit- all are accepted as equal. Thus, there is something for everyone.
With that said, what happens when the match sticks no longer fall? When the floor is piled with them and people no longer care to pick them up? When eyes no longer gaze at the lure of the flame? What happens when the box is empty? The flames will die out. That is something to think about... right?
I'm concerned that the acceptance of art in general will be 'put out' if indeed the currents art market 'burns out' at some point. Are any of you concerned about this? Or do you feel that the high interest in art at this time will continue to burn for many years to come? I want your opinions and concerns.
As for me... I'm attracted to the fire... but I fear the flame.
Take care, Stay true,