Has the Bottom Fallen Out of the Antiques Market?

A recent Wall Street Journal article suggests it has, and I’ve personally seen evidence of it. One recent example is a 19th-Century slant-front desk at a New York auction house. It had minimal damage, I’m guessing a Connecticut piece that I’d expect to see at a show for more than $5,000. At an auction I would have expected $3,000 or so. Yet it went for around $700. I sent the article to a friend who says he too thinks there has been some pullback from the “no-price to great” period, though he hadn’t seen the kind of deals mentioned in the article. He also suggested it was a good time to buy if you can. I couldn’t agree more. Even if 18th and 19th Century furniture did stay at its current lows, it does still have resale value, something new items doesn’t.
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About Art After X

With the death of President Kennedy in 1963, America changed. As hard as it is to minimize that sentiment, the effect of Dallas was even greater. The same year saw the merging of the Dallas Museum for Contemporary Arts, which had been central to the art scene, and the Dallas Museum of Fine Arts. Douglas MacAgy, then the director of DMCA, not only opposed the merger, but also declined to directorship of the combined museum. The regionalist movement which had been strong for decades, was giving way to more of an interest in what was going on nationally, and internationally. Like it or not, Dallas was on the national stage. When the Kennedy’s arrived in Fort Worth, local collectors had decorated a hotel room with internationally-renowned works. While the president and his wife learned a great deal about the ability of Texans to collect major art, there was little they could glean about the local scene in this era-defining city. With this in mind, we have begun a project to look not back at the art scene in Dallas, but foreword from 1963. We are interviewing gallery owners, curators and others involved in the art scene then, but this will be a story told mostly through interviews with artists active in the city from that point into the 1980s. The result will be a book with a video component. We hope you will join us in our journey. The hashtag for the project is #artafterx and the url artafterx.com will point to the latest updates on this weblog.

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