Real estate market anticipates art market's trends

Traditionally, the art market trends are said to be unpredictable since they don't follow any mathematical rule like the stock market is. Yet their is one way that can help anticipating the art market trends. The key to this equation is the real estate market.

A sure fact is that in crisis periods the general prices for real estate use to drop, and obviously rise in more prosperous periods. The second point is that the art market is related to the real estate one: a boom in the real estate is obviously followed by a growing demand in furniture, pictures and works of art to make the newly bought houses' or flats' decoration.

Therefore the general prices for art can be anticipated by following the real estate trends. By simply comparing the prices trends for the 20th biggest capitals in the World from 2005 to 2010 and the general art prices trends between the same period, the results are very similar in evolution values. The only difference is that the art market seems to react later: the real estate started to collapse in fall 2008, while the art market stated its decline in the first months of 2009.

The art market and the real estate market art very similar. These two market are both:
-often approached as investments
-double advantage values: sure & useful, one can live in or with its investment
-sure values for top quality artworks or houses
-markets in which the average rang will be the first one to suffer from a recession

As Pierre-Edouard de Souzy, a French based antique dealer says, "the art market is like the real estate one: a wonderful flat in the most prestigious neighbourhood of Paris, the square meter's price might move a little but buyers will always be there. Same thing for a top quality painting, there will always be collectors". Therefore, many auction houses such as Sotheby's or Christie's - primarily specialized in art - have also opened a real estate department.

Since the real estate usually engages much higher prices than the artworks, a buyer usually apply for a bank loan, which are directly related to the financial market. This is why the real estate market is so much reactive than the art market.

For 2010 the general prices for the real estate in New-York, Hong-Kong, Paris, London and many other capitals are rising... perhaps a good time to collect some works of art!

Read more here: http://www.artfinding.com/News/Real-estate-market-anticipates-art-market%27s-trends/206.html

Jean Gismondi, a mixing of antiques & contemporary art

Jean Gismondi, who exhibited during the 2010 edition of the Biennale des Antiquaires in Paris shared with Artfinding his vision of the art market.

The Gismondi gallery is one of the most important 17th and 18th Centuries art and antiques gallery in Southern France. First focused on Boulle marquetry commodes and French 17th Century cabinets, the gallery has recently chosen to expend his taste and open the gallery's door to contemporary art. This choice is the result of two aspects.

First of all today's collectors don't buy a full range of furniture and art works from a single period. If twenty years ago collectors use to recreate "period rooms" - following the museums strategy - nowadays people aren't afraid to mix different periods and styles in a same room.

The second reason is related to the prices that reach top quality artworks in auction, that makes these pieces totally unreachable from new collectors. "Greatest pieces reach top prices, they are very expensive and this is a pity because young collectors can't afford such pieces", says Jean Gismondi.

Read more here : http://www.artfinding.com/News/Jean-Gismondi-a-mixing-of-antiques-&-contemporary/205.html

What makes antiques sure values investments?

According to the Art Market Poll Center, between 2008 and 2009, most of the art market specialties have collapse. But each specialty has suffered of a different level of decrease depending on two major ideas: are the artworks antiques or contemporary? Are the client collectors or investors?

Between 2008 and 2009, before and after the global financial crisis, all the art market can be divided in three groups.

The first one has largely suffered of a major decrease in both prices and buying intentions rates. The related specialties are mostly contemporary art. Between 2008 and 2009, the global market for contemporary art lost 23.63% in value and buying intentions. Traditionally, this market is much more subject to speculation than the other fields of the art market; the few real collectors can't support the market and all the investors polluting this market's health.

The second one has less suffered from the crisis. The related specialties are mostly Old Masters and 19th Century arts. Between 2008 and 2009, the global market for Old Masters lost less than 11% in value and buying intentions. The Old Masters market is more run by collectors than speculators; therefore a collector doesn't sell its collection at the first sight of a collapse in prices. So Old Masters are more stable since the clients are either less reactive than contemporary art ones, or they are simply following a different collecting logic.

The last one hasn't suffered from the crisis. The related specialties are niche markets such as stamps, coins, antique weapons and books. Between 2008 and 2009, the global market for "collection items" lost 1.6% in value and buying intentions. These fields are perfect examples of specialties totally disconnected from the financial market, and run buy pure collectors.

As an investor you are looking for a sure value? First focus on the buying motivations of the collectors and you will find your way.

Read more here: http://www.artfinding.com/News/What-makes-antiques-sure-investments-values/204.html

François Delestre, expert in impressionist art

François Delestre, expert in impressionist art, answers to the Artfinding's exclusive interview about his specialty and vision of the art market.

Robert Stoppenbach and François Delestre founded the gallery Stoppenbach & Delestre in London in 1982. It specialises in French art of the 19th and 20th century. The challenge of dealing specifically in French paintings, drawings and sculpture was met with worldwide interest from collectors, museums and dealers. The international position of London in the art market had always meant that some galleries dealt with French art at the same time as British art and Old Masters. Located at 25 Cork Street in the West End, adjacent to Bond Street, the gallery is in the midst of other major galleries and auction houses. Stoppenbach & Delestre has close contacts all over the world, including France (François Delestre resides in Paris) the Netherlands and the USA. They are members of the Society of London Art Dealers and the Syndicat National des Antiquaires.

Stoppenbach & Delestre
25 Cork St
London W1S 3NB
United Kingdom

Tel: 020 7734 35 34 - Fax: 020 7494 3578
Email: contact@artfrancais.com

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