Tuesday, July 13, 2010

A Word from John Buxton July 2010

This has been a very crazy three months that made it impossible for me to publish my monthly Newsletter. We have now been through 3 Roadshows in San Diego California, Billings Montana, and finally this past weekend Miami Beach. I will have about ten days at home before leaving for Biloxi and the Gulf Coast. I have given my thoughts on the auctions.. no big surprises except for Skinner's strong showing on medium level American Indian most of which had realistic reserves. Unless you are buying the very best at the top of the food chain, it is a buyers market and the material better be priced right. Having said that there are some great buys for art that has been forced on the market by the tough economic times.

We are doing a great may appraisals and authentications, which has created an opportunity to see things that might not have surfaced. As a consequence the gallery has been able to offer some very nice things this summer to our clients.

I wish we had optimistic news for the immediate future in the art world, but the data is just not there to support a bullish approach at this time. So hunker down and hope our government can do something to inspire confidence in the markets. If you are buyer, it is a great time to be in the market buying right at all levels.

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