The Dynamics of the International Art Market

When Picasso’s Les femmes d’Alger was bought for $179 million, at that time, a world record for an artwork sold at auction, the spotlight shone on the world of art valuations, and this episode’s guest, Brett Gorvy.

Having enjoyed an extraordinary career at Christie’s, as Chairman and International Head of Post War and Contemporary Art  & leading the auction house to its first billion-dollar auction week in 2015, he is synonymous with auction expertise, deep knowledge and a passion for great works of art. 

Here we examine the demand factors driving the growth and prices paid. We also discuss supply, identifying talent and then look at the market structure itself.

Brett discusses the important issues; are the major auction houses challenged, how does technology change behaviours, why art fairs matter, and when do buyers buy?

[Disclaimer: Brett Gorvy is also an Advisory Board Member & Chief Curator of Mintus, who kindly sponsor the Money Maze Podcast]

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The Money Maze Podcast is kindly sponsored by Schroders,  Bremont Watches, LiveTrade and Mintus.