Nicholas Forrest
Digital Journalist based in Sydney, NSW, Australia.
Joined on Jul 13, 2008
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If you believe that art auction results are the be all and end all of the art market and that art auction results tell the full story of the evolution of art prices then you should probably reconsider your point of view
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Although Prince’s “Nurse” series of paintings are the most iconic works by the artist they are not usually regarded as his most important work. The price of Prince’s “Nurse” works has sky rocketed over the past couple of years...
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The selection committee of the Abraaj Capital Art Prize today announced the three recipient curator/artist teams of its first competition: Cristiana Perrella & Kutluğ Ataman; Carol Solomon & Zoulikha Boubadellah; and Leyla Fakhr & Nazgol Ansarinia
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While looking through the real-estate section of a newspaper the other day I realised how much more useful those listings were that included information (date and price) regarding the last time the property was traded as well as the estimated price
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There seems to be a significant amount of concern regarding the outcome of the November art auctions to the point where those who follow what some journalists write about the art market might believe that the November art auctions are a crucial indicator
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One of the most dangerous scenarios for the art market is the existence of large numbers of extremely wealthy people who have no idea about the value of art yet have excessive amounts of money to spend on expensive trophies and status symbols.
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Some important things to keep in mind about art investment and the art market by art investment guru and art market analyst Nicholas Forrest from the Art Market Blog:
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Why is it that we continue to use auction results as an indicator of the health of the art market when they are obviously not an accurate representation of the health of the art market and do not reflect the sentiment and actions of buyers and sellers
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Spencer Finch’s work is well worth the effort. And by well worth the effort I mean well worth taking the time to engage with. Ok, so it can take a bit of time to truly engage with Finch’s work which is something many people don’t
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Due to the level of interest in my last post that listed some free online art magazines I spent several more long (but enjoyable) hours slaving over my computer searching for awesome art magazines that are available
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On Sept. 24 and 25, art auctions will take place here in Australia, both of which are being conducted by Menzies Art Brands who are the number one market leaders in Australian art auction sales
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The awesome people at Blind Spot are celebrating their 15th anniversary and to celebrate they are offering a selection of new limited edition prints from some of the biggest names in contemporary photography
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I hate to have to write about Damien Hirst again because, quite frankly, I have had more than enough of Damien Hirst to last me a lifetime. The Sotheby’s Hirst sale is, however, an important event in the art market regardless of what one things of Hirst
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While traveling home on the train this evening I had an epiphany of epic proportions. An epiphany that could change the way people view Damien Hirst’s work and the market for his work forever.
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One could be mistaken for thinking that the media attention and excitement surrounding the impending Damien Hirst auction at Sotheby’s would have had a positive impact on the auction house’s share price unless of course, like me, you were sceptical
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Continuing on from my post on inaccurate art market reporting (see here), you may have noticed that it has become customary for the health of the art market as a whole, or in a particular region, to be judged based on auction result
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I love reading art magazines and spend lots of time reading them but many art magazines are unfortunately not particularly cheap. There is, however, a number of art magazines that publish issues of their magazine online
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I have written quite a few posts recently about the Australian art market due mostly to the fact that the art market reporters for the major newspapers here in Australia seem more concerned in attracting attention
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Since winning the inaugural Next Star Artist competition in June of this year, sculpture Herb Williams has been busy promoting his extremely successful show at Monsoon Galleries
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I received an email a week or so ago from a company called The Present Group who wanted to let me know about their art subscription service. To be honest I was rather sceptical about the purchasing art by subscription
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