26 min listen
The Secret Codes of World-Class Art Auctions, Demystified
FromThe Art Angle
ratings:
Length:
35 minutes
Released:
May 5, 2022
Format:
Podcast episode
Description
Get your paddles ready: New York is about to kick off what may be the biggest auction season ever. Over the next two weeks, as much as $2.6 billion worth of art is expected to be sold across glitzy evening sales at Sotheby’s, Christie’s, and Phillips. The offerings include a sage-blue portrait of Marilyn Monroe by Andy Warhol that could bring in over $200 million, a billboard-size Basquiat that could fetch $70 million, and Richters, Picassos, and Rothkos galore.
Auctions are the most public and visible part of the art market—but they are also among the most misunderstood. There’s a ton of behind-the-scenes preparation, psychology, and game theory that goes into pulling off a successful sale. It is a game—and to succeed as both a seller and a buyer, you need to know the rules. We called in Artnet News executive editor Julia Halperin to help us decode the complex sociology of auctions.
Auctions are the most public and visible part of the art market—but they are also among the most misunderstood. There’s a ton of behind-the-scenes preparation, psychology, and game theory that goes into pulling off a successful sale. It is a game—and to succeed as both a seller and a buyer, you need to know the rules. We called in Artnet News executive editor Julia Halperin to help us decode the complex sociology of auctions.
Released:
May 5, 2022
Format:
Podcast episode
Titles in the series (100)
How an Artist’s $120,000 Banana Ate the World: At the start of December, the Art Angle team had other, loftier ideas for the show's first Christmas episode. Maybe we would dig into the most important developments in the art world this past year or examine the in Hong Kong and their . But then, we... by The Art Angle