After a nine-year bull run on the US stock market, the art world is considering how a fall in share prices might affect sales. New York dealer Christophe Van de Weghe, who is exhibiting at Tefaf in May, suggested volatility is good for the art market and said "we've been selling more" despite markets falling since January. In his opinion, art is seen as a safe investment in turbulent times. The rise of bitcoin has also had an impact on the art market.
After a nine-year bull run on the US stock market, the art world is considering how a fall in share prices might affect sales. New York dealer Christophe Van de Weghe, who is exhibiting at Tefaf in May, suggested volatility is good for the art market and said "we've been selling more" despite markets falling since January. In his opinion, art is seen as a safe investment in turbulent times. However, ArtAssure founder Asher Edelman said: "Roughly six months from when the stock market gives up its bull run, the art market gives up its bull run."