Art Quote by Arne Glimcher
“The '80s market was only a Japanese market. It was the Japanese outbidding each other for the most expensive works of art. When the Japanese economy went down the tubes, there was no one left to pay the prices that have been recorded for all of those works.”
About This Quote
Source Interview: Art Market Analysis, 2010
The 1980s art market was driven by Japanese buyers; when their economy collapsed, demand vanished, causing a price crash.
In simple terms: Japanese collectors dominated the 80s market; their decline caused prices to fall.
Diversify collector base to stabilize markets.
Themes
Mood
Type
When to use this quote
- gallery pricing strategies
- investment risk assessment
- artist career planning
- museum acquisitions
Key Concepts
Questions to Reflect On
- How can galleries attract broader audiences?
- What safeguards protect against market bubbles?
Overreliance on a single market can be risky.