Modern Art

Owning prints by contemporary artists is generally viewed as a pastime of the rich and famous. This is a bit of a misnomer as many well-known artists' work are available for a surprisingly reasonable price.

The art market has not escaped the troubles of the economic downturn. However, it should be noted in 2008 (at the height of the recession) the S&P 500 index lost close to 37% of its value, whilst the Mei Moses fine arts index lost a meer 4,5%. This decline was in contrast to the 20% per annum gains it made in the previous 5 years. It can certainly be said the value of modern art is still strong in these times and continues to outperform conventional indices.

Purchasing modern art for investment does have its risks. These can be easily mitigated by doing your homework on authenticity, providence and by reducing your exposure to lesser know artists by sticking to those with a proven track record. With Randall & Harrison you are well looked after. We do the research, offer you our frank and honest advice. We deal with only the most prestigous fine arts galleries and auction houses globally, so all of your questions can be answered easily. You can then get on with the important things in life, while we take care of all the legwork.

Feel free to click the link below to a list of some of our recommended artists. It looks as if the modern art market has weathered the storm of the global economic crisis admireably. This is in no small part due to the fresh crop of up and coming artist who have made a name for themselves in recent years.