Artsy | Anna Louie Sussman
Contemporary art dealers in the multibillion-dollar art market get most of their supply directly from artists, but a fair amount of what comes up for sale is pre-owned, sent back into circulation for one reason or another. Often this is due to one of the “three Ds” (death, divorce, or debt), but resales can also result from the evolution of a collector’s taste or an opportune moment.
In 2016, dealers in contemporary art received about 69% of their inventory from the artists themselves, according to a survey of roughly 1,100 dealers conducted for The Art Market | 2017, a report commissioned by Art Basel and UBS… Read more
Image: Jessica Craig-Martin. Art supplies. Courtesy of Nathalie Karg Gallery