The Art Market in the Time of the Pandemic – Module 2

The focus of module 2 is the secondary art market. The auction houses recovered very quickly from the pandemic in strengthening their online market and their private sales department.
Collectors and museums had as well quickly to adapt to the new art world.
The price transparency and the broad information the collector can get in the internet help him to rethink his collection. At the same time the ongoing uncertainity of the financial, social and political situation in most of the countries forces the collector to concentrate more on “safer” and older artists. Emerging artists are widely seen as more “unsecure”.
The museums still have to struggle with less income as the visitors did not get totally back to the pre-virus visiting rhythm. They are more active in the digital world as in offering new apps and virtual tools to the visitors.