Naturally, liquidity is a big factor in any market that seems to be a lot of money in the world, and there's a lot of discretionary money.
Nobody really needs a painting. It's something you kind of create value for in a way that you don't with a company. It's an act of collective faith what an object is worth. Maintaining that value system is part of what a dealer does, not just making a transaction but making sure that important art feels important.
Honestly, I grew up in pretty modest circumstances. We were a middle-class family.
The art world is never going to be popular like the NFL, but more people are buying art and I think that's cushioning, to a great extent, our art-market cycles.
Physically, it's getting impossible for me to travel that much. I want to support my artists by showing up at their openings, but I can't always be in Hong Kong one minute and Geneva the next.
You have to be a little bit cautious when the market gets quite strong because there's a tendency to anoint a genius artist every other day. That would be a word of advice for the collectors out there.
