We commented on the current situation on the art market. You can read more in the article that was published on hnonline 15.10.2021:
Veronika Hubinská: Investors are afraid of currency slippages for covid. They exchange euros for ducats (only in Slovak)
Investor demand is high, but supply is far from satisfying it. During the pandemic, there has been a significant increase in the number of people who perceive art as a longer-term investment.
..... A similar situation is also in the art market. Compared to the pre-pandemic period, according to Melita Fodor Gwerková from Bratislava's Gallery Gwerk, they are now increasingly encountering the purchase of works as an investment in an item that should "survive" unpredictable economic development. "The volume of sales for the past months of 2021 is related to the same period for 2019, while 2020 was the weakest of the three," adds Fodor Gwerková.
It recalls a similar trend that applies to global auction companies. According to an ArtTactic report, sales of the three largest homes - Christie's, Sotheby's and Phillips - reached $ 5.9 billion in the first half of this year, ahead of 2019 with sales of 5.7 billion ....