May 02, 2008
The global credit squeeze has created all kinds of economic jitters, so why hasn’t it reached the art market? Kurt talks with András Szántó, senior lecturer at the Sotheby's Institute of Art and a co-founder of Artworldsalon.com, about the relationship between money and the big-time art world. Plus, dealers at the AIPAD Photography show weigh in.
Weigh in: Has the economy affected how you consume art?
I have rarely purchased actual paintings, drawings, photos etc. On that rare occasion it had a great deal to do with my not being able to live with out that image continuing to haunt me. If my husband and I agree on a work that we both feel that way about we generally buy it if the price is within reach (under $1000.00) But in the current ecconomy and gas likely to go way up - I think we are going to have to set that limit to perhaps $300-400.00. Yeah, economy maters - can't spend what you don't have!
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