What's Happening?
David Schrader, an art dealer, is advocating for a more fluid art market, emphasizing that 'volume begets volume.' Schrader, along with industry veterans Marc Glimcher and Emmanuel Di Donna, plans to open a new secondary-market gallery in New York. This
initiative comes at a time when the art market is stabilizing, and there is a growing interest in private auctions. Schrader believes that the art market is moving towards more transparency and negotiated commissions, which could lead to more consistent margins. He also notes that private auctions have become popular due to their blend of discretion and urgency.
Why It's Important?
Schrader's perspective highlights a potential shift in the art market towards greater fluidity and transparency. This could democratize access to art, allowing more participants to engage in buying and selling. The emphasis on private auctions and negotiated commissions may lead to more competitive pricing and increased market activity. For artists and collectors, these changes could mean more opportunities to buy and sell art, potentially leading to a more dynamic and accessible market. The establishment of a new gallery in New York also signals confidence in the market's recovery and growth potential.
