I was delighted to participate in HamiltonWealthPartners’ “Thought Leader” series and present an overview of “The state of the Australian Art Market” on the 24th November 2020.
Globally, the art market has been impacted by the covid-19 pandemic, and the economic disruption across both the primary and secondary sectors has manifested in decreased sale results, re-scheduling and cancellation of significant art fairs, biennales and curated exhibitions, and obviously curtailment of numerous other operational norms. Most significantly, it has been the latter, that is operational norms, which have had to be recalibrated for various entities’ infrastructures.
For many players in this unique market, the “new norm” is presenting both a mixture of adversity and opportunity.
In the talk I considered the state of the play in the Australian Art market against the global backdrop, how it has been affected by the pandemic, the attitudes and aspirations (if any) of the galleries and auction houses, and the way forward.
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