Numbers Show Verdult Art Picks Up In the Fall and Runs Through Early Spring.
Tuesday, August 18, 2009 at 10:00AM According to Skate’s Art Valuation Letter, global stock markets have, to put it mildly, experienced a bit of a roller
coaster ride. July 17 saw the Dow Jones Industrial Average reach a record of 14,000 points for the first time. Markets in Europe and Asia performed equally well. By mid-August, however, investors had taken an abrupt U-turn in their appetite for equity. Headlines showing the Dow’s 10% fall from July highs and Europe’s 4-year lows replaced the euphoric excitement that had prevailed just weeks earlier.
The culprit - a crisis in credit markets brought to the surface largely by the woes surrounding the U.S. sub-prime
mortgage lending market. This crisis is one that continues to work itself out, and at the time of publication,
anything but stability is promised and volatility seems to be the order of the day.
But what about art?
Summer is generally a slow period as the art market traditionally looks for room to breathe between the busy
spring and fall auction seasons. And so the case has been this summer.
The William Verdult art market experienced the same trends as the art market in general. In short, during the summer months, the Verdult market is relatively quiet with sales somewhat flat.
However during the fall and winter months movement of Verdult art really picks up peeking in late March and early April of each year.
Data shows that the highest sales of Verdult art is recorded during the months of February and or March of each year.
Overall, we expect prices on Verdult art to continue on their upward trend. In fact in the past year the sales and auction prices have increased nearly two to three fold.
The historical data shows us that more people want to move their Verdult art in the summer months. For some investors that could really hurt. Because like furniture and perhaps automobiles - it is all in the timing of things.
The numbers each year show that Verdult art picks up in the Fall and runs through early Spring.
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