Are we in an Art Market Bubble

[jmagee87]

Or you know, just pay for what you like and dont worry about value...but I know...remember where I am

[GoBluePanic]

Here is a just a few examples found in a 10 second search for this same fudge. Bump an existing thread. #urnotaspecialsnowflake #TGT

http://forum.expressobeans.com/viewtopi ... &p=2564745
http://forum.expressobeans.com/viewtopi ... &p=1385053
http://forum.expressobeans.com/viewtopi ... &p=1551850
http://forum.expressobeans.com/viewtopi ... 5&p=665851

Yeah, you can bump a 3 year old thread, a 5 y/o thread, or a 7 year old thread. Your choice! Nothing has changed in that time frame and all the answers you need are contained in the 4 threads.

[jmagee87]

Still not convinced this isnt babbs

[RambosRemodeler]

Or you know, just pay for what you like and dont worry about value...but I know...remember where I am

Nah dude wants to retire off this stuff

[mobius006]

[chevyav53]

that one I liked

[Arterre]

It is responses such as the one below from the UAA forum that will help move a forum, site or business forward. Not the responses of simpletons afraid to have a real conversation. Yes memes are fun and can be funny but this forum could be more. There are a lot of great people in this forum and I hope they continue to speak up and not be drowned out by the trolls.

"First, I think you have to separate "Art as an Asset Class" from Contemporary Art to accurately discuss the possibility of a bubble. "Art as an Asset Class" really only includes established artists with market lineage. So a Modigliani or a Warhol fits into this category - but I would not yet include some of the Contemporary artists discussed in this group. Artists that have been established by museums, auctions, and culture never go away - their prices may dip but the trajectory is generally upward bound. Thats why high-end collectors are willing to overpay for a premium artworks by these artists, knowing in a few years they can probably flip them for $100k+. Thats a nice return if you are at that level.

The Contemporary market is much more volatile and Street Art in general seems more like a bubble. The street art movement is certainly one of the major art movements of our time. That said it's popularity has brought so many "copy-cat-like" artists. Eventually most of these artists will fade away and the Street Art movement will be defined by a handful of artists. Who these artists are will depend on the same factors: museums, auctions, and culture. There is a saying that a film becomes iconic when it is referenced over and over again by other cultural outlets: music, movies, etc. Who are the current artists who are being referenced over and over again in different segments of popular culture? These will be the artists to bet on.

Regarding millennials: yes there is a decided disinterest in "ownership" or "collectorship" amongst millennials. I think this has more to do with access to capital. Millennials are choosing to not need "things" because they watched the world crumble and loose it all during the Great Recession. The idea that you don't need "stuff" or that we can "share" stuff is more about not wanting to be vulnerable to the markets. The generation as a whole was put into precarious position, and their ability to develop their careers and wealth has been stifled. When millennials come into their money they will invest in art, and who they invest in will depend largely on who they are experiencing in art now."

This is a well written analysis. I dont think we are in a bubble, I would posit that millennials may be driving the print market. They have seen
the easy money that was made/ still making in OBEY prints, and this may look like the modern way to invest. Many millennials are forever priced out of the
real estate and stock markets and may feel this is a reliable way to invest in their future? It is tangeble , and you can put on your wall and enjoy it.
Some works will sustain in the future, some wont ...

[gorkie]

Still not convinced this isnt babbs

$nooty is where the real $$$ is.

[chevyav53]

You got me

[aahnutz]

...I also get it, this is 99% a Mondo forum...

Oh yeah? Prove it.

[technique]

Still not convinced this isnt babbs

More like the hot new street artist Whitefish

[WaltJocketty]

Art is generally a bad investment regardless of whether we're in a bubble.

[chevyav53]

...I also get it, this is 99% a Mondo forum...

Oh yeah? Prove it.

Serious, appears you are with the forum, you should have analytics you can pull if you wanted an accurate number. You know that is an exaggeration.

But off the cuff your Mondo thread by far the most active, yes they release a lot but the user comments around those posters is significant. It also has the most views from what I can see. Additionally the Latest print acquisition section has what over 300 references to Mondo. That is just what I see. Bottleneck and Horkey are also quite popular. Beside Horkey, really just posters. Often if you try to bring anything else up, new topic or artist the poster trolls jump on you. Then you have the tribal mentality of UAA versus us. I see similar but different forums each with their pluses and minuses.

Art is generally a bad investment regardless of whether we're in a bubble.

100% agree

[steub13]

I started to wonder this after a few of the latest releases, especially Invader. Still amazes me someone paid $11K for that print. But started to wonder if art, just as I feel with the current economic situation, are we in another bubble. Started to read up and just as with economic news some feel yes some feel no. Thoughts?

Most articles reference this chart

Everyone knows that the only way to deal with a bubble is to turn the boot...

[chevyav53]

Well played sir