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The art market follows this trend: paintings depicting Native Americans as ignorant, bloodthirsty savages are much harder to sell than they were 30 years ago, and their fair market value has consequently decreased. A telling example can be found in a sale at an auction in Nevada last month. 23 bucks on Amazon. Here’s the link.
Authorities on art investment worry that the budding romance could end quickly and badly. The market for fineart seems benign, even healthy, on the surface. Global sales rose 7.5 billion, a shade under the 2007 all-time high, according to the recently published annual report of The European FineArt Fair.
In today’s art world, the impact of human touch is more powerful than ever. Following a wave of intangible triumphs in the early 2020s, including the debut of NFT art acquisitions, trends have more recently shifted toward the tactile. Soon, though, the NFT art market crashed.
Just as changes in aesthetic fashion cause the value of a particular artwork to rise or fall, any large-scale shifts in social awareness that reduce the pool of potential buyers for a work of art lessen the value of that piece of art. Should the painting be kept in storage, accessible only to art historians or other scholars?
From the moment a young German alchemist called Johann Friedrich Bttger created white porcelain for King Augustus The Strong in 1710, Meissens white gold has been at the forefront of fine European porcelain. Up until the 18 th century, the production of fine porcelain was Chinas domain. Sold for135,000 via Bonhams (April 2024).
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