Huge sums of money—more than $2.6bn—have been spent on Impressionist, Modern and contemporary art over the past two weeks in New York. On today’s podcast, Nicholas Maclean (of London and New York dealership Eykyn Maclean) and Allan Schwartzman (co-founder of AAP), discuss with our host Charlotte Burns (editor of In Other Words), what happened: what the surprises were; what trends we can detect; and what’s going to happen next.
“In Other Words” is a presentation of AAP and Sotheby’s, produced by Audiation.fm.
These traditional categories of Impressionist, Modern and post-war contemporary... [are] not how most collectors buy.... They might have a Mondrian or a Picasso mixed in with great Ab Ex, Pop or Minimalist works.
From the Podcast...
“It is a sign that the market is starved for broadening what it sees as valuable. This is a big triumph; this is a turning point in perception.” —Allan Schwartzman
“I honestly thought that this could be the death knell for the Impressionist market. And then we saw it: that change between 2005 and 2008 was extraordinary.” —Nicholas Maclean
“This question of identities seems to me to be a very American one. I think Americans, and perhaps the American market, are more open to approaching their own identities.” ——Charlotte Burns
“True collectors who will just look across the board and look at artists that tell the whole story are becoming rarer.” —Nicholas Maclean
More on Nicholas Maclean
Nicholas Maclean is one of two partners in the private art gallery, Eykyn Maclean, formed in December 2005. The gallery, founded with Christopher Eykyn, specializes in museum quality 19th- and 20th-century art and has locations in both New York and London. The gallery has instituted a program of scholarly exhibitions, which has included shows on Van Gogh, Giacometti, Matisse, Warhol and Twombly. They also exhibit at Frieze Masters in London and at Frieze and TEFAF at the Armory in New York. The majority of their business is carried out privately and has included the brokering of major Impressionist and 20th-century American and European works in the very highest price range as well as many sold below $100,000. They also hold an inventory of works produced from 1940–70. Maclean and Eykyn are consulted frequently by the press for their opinions on the state of the art market, and since the formation of the business, in addition to the many important works on which they have advised their collectors in the private market, the two partners have also purchased several hundred million dollars worth of paintings and sculpture at public auction on behalf of their clients.