Skip to content

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.” quote by Arne Glimcher
Download Open image
“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.”

Arne Glimcher

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.

Key Takeaway

Diversify collector base to stabilize markets.

Themes

art market economics speculation

Mood

cautious analytical

Type

business educational

When to use this quote

  • gallery pricing strategies
  • investment risk assessment
  • artist career planning
  • museum acquisitions

Key Concepts

bubble dynamics global finance collector demographics

Questions to Reflect On

  • How can galleries attract broader audiences?
  • What safeguards protect against market bubbles?
A Different Perspective

Overreliance on a single market can be risky.

2.2 out of 5 (4 ratings)

More by Arne Glimcher

Explore all 31 Arne Glimcher quotes

More Art quotes

Browse all 48,643 Art quotes