Nice interview on NPR this morning with collector Aaron Levine. (wife Barbara is not in the interview but I wanted to mention her because she’s very knowledgeable – and charming).
A good point to develop on was the lack of Americans at Basel this year. The art market as a whole (from collectors of objets d’art at regional auctions to those picking up an $80 million Monet) is 50% American, but that is not where half of the money is coming from. It’s the money from Russia and China (secondarily, UAE and India, too) flowing through the UK and the rest of Europe that’s feeding us.
I’ll say it again, we will all be alive to see the center of the art market pass from New York to London.
