ART BASEL CONVERSATIONS | ART AND THE GREAT WEALTH TRANSFER - 12.05.24
The Great Wealth Transfer is already underway, and over the next 20 years, USD 84 trillion is poised to move from older Americans to their Gen X and millennial heirs. Alongside financial assets and real estate, artworks and collections will also be passed down for an estimated 20% of high-net-worth individuals. How will the habits, ethical and social concerns, and trends defining art collecting and philanthropy shift as established collections are acquired by a very different next generation?
Alex Glauber, Founder and principal of AWG Art Advisory, New York; Solita Marcelli, Chief Investment Officer Americas at UBS Global Wealth Management, New York; Dr. Clare McAndrew, Cultural Economist and Founder of Arts Economics, Dublin; Moderator: Dr. Jeni Fulton, Head of Editorial, Art Basel.
TRUMP ‘BUMP’ OR TRUMP ‘SLUMP’? WHAT DEALERS EXPECT FROM THE NEXT FOUR YEARS - 12.05.24
On the second day of Art Basel Miami Beach, leading dealers, advisers and market experts are split on the US president-elect’s tax and tariff plans. Hope for a market revival under the Trump administration also underlines an uneasy tension sitting at the root of the art market. “The art world is socially liberal and fiscally conservative” says the New York-based art adviser Alex Glauber. By Kabir Jhala.
Small but mighty: sales under $10,000 defy market - 12.04.24
The lower-priced sector is also the fastest growing, doubling over the past decade. “If you look at the exponential growth of art fairs, and the number of artists and galleries participating in the primary market over the last ten to 15 years, it stands to reason that there would be a lot of growth at the lower end of the auction market, too, hence a proliferation of online, mid-season and day sales,” says the New York-based adviser Alex Glauber, the president of the Association of Professional Art Advisors. By Anna Brady.
aRT WORLD SHRUGS AT $6 MILLION BANANA-BASED ‘COMEDIAN’ PURCHASE AS HIGH-END MARKET SEEKS TO REGAIN FOOTING - 11.23.24
This year has seen some of the worst sales in decades for the art market, and the “Comedian” piece is unlikely to move the needle one way or the other, said Alex Glauber of AWG Art Advisory and president of the Association of Profession Art Advisors. By Rob Wile.
AMID A RECORD-BREAKING MAGRITTE AND A $6 MILLION BANANA, A $1.3 BILLION NEW YORK AUCTION WEEK SHOWS A ‘DISCERNING’ MARKET - 11.22.24
This week, the art world watched the marquee New York art auctions at Christie’s, Phillips, and Sotheby’s, where sales were estimated to fetch as much as $1.5 billion, with bated breath.
Impressive though the actual $1.3 billion haul might be, it’s down from last year’s $1.84 billion tally, reflecting a much-talked-about market slump. The world’s wealthiest saw their worth climb in the days after the U.S. election as the stock market soared and cryptocurrency reached new highs, so the burning question was, would they spend that wealth on art? By Brian Boucher.
CATTELAN’S $6.24 M. BANANA AND ITS BUYER JUSTIN SUN STEAL THE SHOW AT SOTHEBY’S $110.4 M. CONTEMPORARY EVENIG SALE - 11.21.24
Sotheby’s Now and Contemporary evening sale on Wednesday didn’t border on the absurd, it dived headfirst into it as Oliver Barker, Sotheby’s chairman of Europe, sold a banana duct-taped to a wall for $6.24 million. By George Nelson and Daniel Cassady.
There’s a bumper crop of art hitting the New York market this week. Will Trump help? - 11.19.24
New York’s art auctions in the spring and fall could be a sign of things to come for the global art market. Artists and art dealers are hoping the sales will spark a turnaround from 2023. By Auzinea Bacon and John Towfighi.
tbf talks at freeman’s | hindman New York with Josh Baer, Alex Glauber, todd levin, and betsy bickar - 11.08.24
The Baer Faxt Founder & CEO Josh Baer joined Alex Glauber, Founder & Principal of AWG Art Advisory, Todd Levin, Director of Levin Art Group, and Betsy Bickar, Art Advisor and Senior VP, Post War & Contemporary Art at Citi Private Bank Art Advisory for a lively and informative discussion ahead of the Fall 2024 New York auction season. The four discussed the importance of taste in an increasingly unpredictable art market, the trends driving a new generation of collectors towards the market, and the role art advisors play in finding and securing high-quality artworks.
gen x are the biggest spenders on art as ‘speculative’ millennials drop back, latest ubs/art basel survey finds - 10.24.24
The 200-page report, authored by Clare McAndrew, also revealed stable Chinese buying and buoyancy at the lower end of the market as top end softens. APAA President, Alex Glauber, provides insightful findings. By Anna Brady.
Do Resale Restrictions Set By Art Dealers Represent a Restraint On Trade? - 08.27.24
Sales agreements that lay out resale restrictions can be legally binding, but dealers and artists may not pursue enforcement because they don’t want to be seen as litigious. By Daniel Grant.
Per diventare art advisor basta decidere di esserlo - 07.31.24
Un mestiere oggi molto attraente ma soltanto autocertificato. Sui requisiti risponde Alex Glauber, presidente dell’Association of Professional Art Advisors (APaa): ci vuole un impegno etico, non solo la buona reputazione personale.
Look Inside the Hamptons Residence Interior Designer Sandra Weingort Built Around a Museum-Worthy Collection - 07.09.24
Art sourcing and curation provided by AWG Art Advisory.
Why Fiber Art Is (Still) Having a Moment as Prices and Recognition Continue to Climb - 06.18.24
Some artists working in the medium have hit high water marks at auction just this year.
5 Takeaways From the Art Business Conference, New York - 05.29.24
The market is ‘re-learning’ the value of a dollar, firms are finding new clients through inventive engagement, and other insights from the event, which Alex Glauber was a featured panelist.
the price of a dollar and the return of the collector’s market - 05.23.24
"What you saw this season was a defensive posture, where the houses decided to trade the possibility of breakout bidding and competition for certainty and security." Alex Glauber analyzes the recent auction results with Daniel Cassidy.
O’Keeffe Among Highlights of Christie’s Auction - 05.17.24
In the May 17th 2024 edition of morning link’s, Alex Glauber shares his assessment of New York’s May auctions.
Selling Through the Christie’s Cyberattack - 05.16.24
The auction house suffered an incredibly inconveniently timed hack last week, but pushed through anyhow with its marquee spring sales. By Nate Freeman.
Low on hype, new york’s big may art auctions face new reality - 05.08.24
Next week’s auctions may provide the truest sign yet of the health of the art market. By James Tarmy.
INSIDE A BARN-INSPIRED HOUSE SO PRISTINE, IT COULD BE AN ART MUSEUM - 04.19.24
Elle Decor profiles the curatorial art installation of an AWG Art Advisory client’s Hamptons residence. By Camille Okhio.
Review: This isn’t who it would be, if it wasn’t who it is - 01.31.24
Critic Alfred Mac Arthur reviews This Isn’t Who It Would Be, If It Wasn’t Who It Is, curated by Alex Glauber, at Casey Kaplan.
Art world insiders make their predictions for 2024 - 01.04.24
With 2023 now in the rearview mirror, ARTnews takes a look ahead to what should be a busy and tumultuous year for the art world.
Decision Time for Dealers at Art Basel Miami Beach - 12.05.23
Picking the right pieces to display at art fairs can sway money and fame. Alex Glauber discusses with Ted Loos.
Everything you ever wanted to know about art advisors - 11.22.23
New York based art advisor Alex Glauber explains the multifaceted work of art advisors. By Kimberly Bradley.
ARTWORKS valued up to US$2.5 billion hit the auction block in new york - will collectors buy? - 11.07.23
Alex Glauber discusses New York’s upcoming modern and contemporary art auctions with Abby Schultz.
How advisers help shape the art world - 10.06.23
Wealthy collectors often use art advisers to establish and build collections. “I have to learn their taste and wear their taste like glasses,” Alex Glauber says. By Ted Loos.
Is Art a good investment? Experts weigh in on stock market for artwork - 9.18.23
The global art market totals nearly $70 billion, with returns in recent decades that outpace bonds, according to some estimates. That growth has spawned new investors looking to make some money in what is a booming sector. Paul Solman looks at the prudence of investing in art.
Armory Week’s Lackluster Commerce Wasn’t happy news for the art market. but the real test is yet to come - 9.15.23
Despite the New York fair’s effort to put on a brave face, quiet isles and slow sales were notable across the city. By Katya Kazakina.
TIKTOK painter devon rodriguez sets his sights on a new audience: the art world - 8.08.23
Alex Glauber helps contextualize United Talent Agency (UTA)’s signing of photorealist painter Devon Rodriguez . By Daniel Cassady.
this week’s london sales are another data point for the ‘market correction’ - 6.28.23
This month’s London auctions officially kicked off Tuesday, and market watchers’ eyes are peeled for a potential market correction that has held everyone’s attention since May. By Daniel Cassady.
Art Advisors should add value to collecting, not extract it - 6.7.23
Alex Glauber discusses the importance of art advisors in the broader arts ecosystem and, through cases studies and historical examples, elucidates best practices and guidelines for advisory businesses. He also touches upon the importance of the Association of Professional Art Advisors (APAA) and its role in maintaining ethical standards among both its members and the profession more broadly.
APAA Confirms Alex glauber as the organization’s next president
Alex Glauber became the new president of The Association of Professional Art Advisors at the organization’s May 15, 2023 Annual Meeting at Citi. Glauber is taking over the presidency from Megan Fox Kelly who has served as president since 2017.
Phillips scores $69.5m in New York evening sale, led by banksy’s take on basquiat- 5.17.2023
Alex Glauber discusses the Phillips’ May 17th contemporary art evening sale and broader market trends with The Art Newspaper’s Carlie Porterfield.
Movers and shakers: association of professional art advisors names new president- 5.16.2023
Alex Glauber will be the new president of the APAA, taking the helm from Megan Fox Kelly, who served in the role since 2017.
‘Gmail Art Advisors’ Are a Pestilence on the MARKET. LUCKILY, THEY ARE STARTING to MELT AWAY, ONE BY ONE - 2.3.2023
Who are these speculative intermediaries who materialize in boom times to make a quick buck? “They appear out of the blue and often vanish into the mist”. By Katya Kazakina.
At Art Basel, Sales Boom Even as Economic Woes Loom - 6.15.2022
The most important art fair of the year is filled with very good, very expensive art. And it’s selling. By James Tarny.
Conventional economists sound alarm over cryptocurrencies volatility - 4.8.2022
There are now thousands of cryptocurrencies, and every day it seems a new non-fungible token, or NFT, is marketed. But is “digital mania” just another historic bubble bound to burst? Our economics correspondent Paul Solman explores the digital asset boom.
COLLECTING DURING COVID - 12.2021
Three art advisers talk about how the pandemic has affected their approach and what it’s like to deal in a digital world… Alex Glauber, founder and principal of AWG Art Advisory and adjunct faculty member at the Sotheby’s Institute of Art in New York, where he teaches about the art market and collection building and management. Even more so than helping his clients buy art, he helps them learn what to say no to. It’s a tough task since the changing landscape he’s noticed most over his career includes not only the larger scale and wider breadth of options available, but also the light speeds at which information can be shared and the velocity at which an emerging artist can go from having no representation to having a sold-out show to having works at auction…
Discover 7 Highlights from the 2021 Armory Show’s VIP Preview- 9.10.2021
For many, The Armory Show’s 2020 VIP preview marked the last moment of normal before the world paused: in a heartbeat, museums and galleries shuttered, art fairs postponed, then cancelled, and dealers rushed to sophisticated virtual platforms. But Thursday morning saw the official emergence from this long hibernation, as the first major American fair returned with VIP hours and fresh September dates at the sprawling Javits Center….
SANDRA WEINGORT REVAMPS AN ART-FILLED APARTMENT IN NEW YORK CITY WITH MID-CENTURY ECLECTICISM- 7.14.2021
Located in New York City’s Greenwich Village, this recently revamped apartment harmoniously marries a treasure trove of elegant mid-century furniture with a vibrant collection of contemporary art – a stylistic match made in heaven with the blessings of a pared-down design language of warm tones and natural materials. The understated yet richly textured interiors reflect the owner, an art-collecting professional young woman who moved to New York at the height of the pandemic…
INSIDE VAN HANOS’S JOURNEY FROM ART WORLD OUTSIDER TO THE TOAST OF CHELSEA- 7.8.2021
Late last Wednesday night, amid one of New York City’s famous summer thunderstorms, about 300 of the art world’s cognoscenti lined up outside the Bowery Hotel, impatiently waiting to be granted access to the exclusive party raging inside the Lower East Side hotspot. Drenched from the pouring rain, these well-heeled insiders risked their expensive blowouts and designer sneakers to fête a pair of artists who had just held back-to-back openings at the blue-chip Lisson Gallery earlier in the evening. One of those two artists was Van Hanos…
ART WORLD PLAYERS RETHINK THE AUCTION MARKETPLACE- 5.5.2021
Collectors have long enlisted dealers or auction houses to help resell their art holdings because such insiders typically have up-to-date pricing data and access to potential buyers. Now, in the latest challenge to the art world’s status quo, a team led by former Sotheby’s rainmaker Adam Chinn plans to launch a peer-to-peer digital marketplace…
What It Means When an Auction Lot Is Withdrawn - 3.23.2021
This past October, a mid-season modern and contemporary evening auction at Sotheby’s made headlines—not because of the $283 million profit from lots including works by Van Gogh and Giacometti, but because of what was absent from the sale…
Inside view: a warm interior in NY's Greenwich Village full of vintage finds - 3.03.2021
This bright and warm 1400 square foot two-bedroom apartment is located in New York City's Greenwich Village. Interior designer Sandra Weingort had it painted completely in warm tones and changed all the lighting…
What You Should Expect from an Art Advisor - 1.15.2019
Art advisors offer a range of services, from simply educating new collectors and suggesting art for a new apartment, to providing access to hard-to-acquire artists and helping develop a philosophical foundation for a major collection. Fundamentally, an advisor uses her or his expertise to help a client make better, more informed purchases that will stand the test of time…
how high can it go - 11.13.2014
Christie's biggest auction of all time was an $852.9 million, two-and-a-half-hour contemporary art marathon that smashed records for Cy Twombly, Ed Ruscha, Marl Tansey and Martin Kippenberger, among others...
BUY, SELL, HOLD: ANDY WARHOL - 6.30.14
When Andy Warhol's Self-Portrait (Fright Wig) (1986), an 80" x 80" canvas in pink, was picked up at Art Basel this year at the booth of New York-and-London-based Skarstedt Gallery for around $34 million, it took the top spot as the most expensive work reported to have sold at the fair...
look at this! fROM WARHOL TO TAFFE AT PHILLIPS DE PURY'S 'RORSCHACH' SHOW - 6.26.12
Tonight at its 450 Park Avenue location, Phillips de Pury presents "Roschach, a Curated Selling Exhibition," which features work by a variety of artists, from Andy Warhol to Sara Greenberger Rafferty, which are related to the famed psychological test developed by Hermann Rorschach...
Ink blot revelations - 2012
Phillips de Pury in New York brings together a group of works by artists inspired by the famous Rorschach inkblot test, revealing the psychological in the abstract...
Brightening the Outdoors
The Bleakest days of winter hardly seem like the right time to present new works of public art, but two installations have cropped up this season in different parts of Manhattan...
Corporate Art in Tight Times - 9.2.10
Corporate collections, however, often emerge simply because the CEO likes art. Bayer's collection has grown to include 5,500...