Art Trends: Cold, Lukewarm or Haute?

Do you want to know what’s going on in the “art” world? Here are some notable trends we’re tracking in the market so far for 2016…

Art Trends: Cold, Lukewarm or Haute?Asian Decor

The Asian market for arts & antiques is strong nationally and internationally. Furniture, fine art, decorative art, and other rarities add elegance and refinement to home design. This 19th Century Oriental Three-Fold Screen is an example of simple design combined with complex imagery to create a compelling look.

Asian Marketplace

According to The European Fine Art Association’s (TEFAF) recently released Art Market Report, Chinese sales dropped 23 percent because of their economy’s contraction.  That being said, worldwide, the Chinese decorative art and antiques sector increased 6 percent on the back of high prices for porcelain and ceramics. But there is one area of collecting that is still capable of setting exceptional prices, seemingly regardless of where it is being sold or what is happening in the world: historic Chinese art. This kind of historically aware collecting has fallen out of fashion, at least in the West. Wealthy Westerners, when they do buy Chinese art, now tend to buy contemporary.  The world’s museums and rich-and-famous continue to regard the best Chinese Neolithic jades, Tang dynasty pottery figures and Ming dynasty bronzes as among the timeless achievements of human civilization. The new wealth of China still values this heritage and is prepared to pay for it.  The future of Chinese art remains in China.

Art Trends: Cold, Lukewarm or Haute?Luxury Goods

Luxury never goes out of style. Fine wine, handbags, & watches remain popular precisely because they symbolize wealth and exclusivity. This vintage Rolex suggests prestige without being ostentatious.

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Luxury Goods Marketplace

Growth in the personal luxury goods market should be consistent with 2015, according to consultancy Bain & Co., an authoritative and respected bell-weather of such trends because of its extensive coverage of the sector.

The luxury goods market includes accessories and couture, designer clothing, jewelry, watches, wine and spirits.  Fine names like Hermes, Burberry, Cartier, Tiffany, Rolex, and Patek Phillipe sell for significant sums of investment-grade money.

This market is often affected by traveler’s purchases while “on vacation.” European tourism has been affected by political immigration and militant attacks, while the U.S. is in the midst of the political campaign season. Once the presidential election is over, the strength of the dollar will affect the American tourist shopper’s interest in luxury goods.

The discrepancy between prices in Europe and China, may decline because of China’s trade, tax and personal shopping commission changes.

— excerpts from Reuters, 4/6/16

Art Trends: Cold, Lukewarm or Haute?

Mid-Century Modern

Mid-Century modern is a sleek, urban style that dominates the consignment furniture market. With home decor moving away from large, ornamental styles, mid-century modern is streamlined without being bland. With its oblong shape top, this rare Dunbar coffee table by Edward Wormley combines geometric flare with the natural beauty of travertine stone.

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Mid-Century Modern Marketplace

There have been so many different and exciting mid-twentieth century designs re-discovered in the 21st century, it may be a challenge to choose favorites!  The hand-crafted MCM includes an eclectic mix of artisanal design elements including Scandinavian, Italian, French and Brazilian, to Industrial and American.  Fine objects, art and furniture are prized by decorators, distinctly placed to admire.  Materials range from natural wood and stone to manufactured metal and glass.  In addition to an appreciation of organic or clearly defined forms, designs of furniture and objects alluded to naturalness and candor.

Earlier this century, as designers embraced the MCM look, prices for MCM were through the roof.  A look through design blogs today reveals a blending of styles, incorporating a variety of styles, with emphasis on a few well-placed adornments.  Recently, prices of MCM have leveled off for all but the finest objects by revered names such as Paul Evans, Charlotte Perriand, Corbusier, Nakashima, or Tenreiro, whose rosewood Brazilian furniture was restricted by export laws until the late 20th century.  For a decorative bargain, look for newer copies of furniture such as Barcelona or Eames chairs and Lucite lighting.

Co-Authors: Lynn Magnusson, ASA, AAA and Becky Lipnick, Communications Coordinator

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Showing 6 comments
  • John Salomone

    Great stuff!

    Good knowledge base in a concise package.

    One of the few newsletters that I actually take the time to read.

    Keep ’em coming!

  • Leigh Schaeffer

    Loved your postings! Felt like I just went to a “short term” class to learn about what’s hot & what’s not.
    You guys remain my poster children…………Leigh, Caring Transitions.

  • Hi, I desire to subscribe for this webpage to take hottest updates, therefore
    where can i do it please assist.

  • Magnusson

    Hello, thanks for writing! At the bottom of all our pages is a form to join our newsletter. You will be emailed when we update our blog and when we offer estate sales. Enjoy!

  • Magnusson

    Thank you, Leigh!

  • Magnusson

    Will do, John!

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