NEW MARKETS, NEW INTERESTS, NEW INVESTMENT OPPORTUNITIES!

NEW MARKETS APPEAR AND DEMAND ATTENTION

PAUL GUIRAKOSSIAN, LEBANESE

OVER THE 34 YEARS I HAVE BEEN FOLLOWING THE ART MARKETS WORLD WIDE, I WITNESSED FLOURISHING MARKETS, COLLAPSING MARKETS AND STEADY UPWARD MARKETS THAT APPLY MOSTLY TO THE PEOPLE WITH REALLY DEEP POCKETS. NEVERTHELESS, THERE CAME TIMES WHEN EVEN THESE TOP MARKETS WERE TESTED BY WORLD FINANCIAL EVENTS LIKE THE 1987 COLLAPSE OF STOCK EXCHANGES OR RECESSION OF 1990S. IN SPITE OF ALL THOSE EVENTS ART IS A GOOD VIHECLE TO MAKE GOOD RETURNS ON YOUR MONEY IN ADDITION TO JOY AND SATISFACTION LIVING WITH ART.

THAT IS SERIOUSLY IMMEASURABLE!!

THE MARKETS OF THE FAR EAST ARE STILL GOOD FIELDS TO BE INVOLVED AS THERE IS GREAT POTENTIAL IN MANY COUNTRIES FROM INDONESIA, PHILIPPINES, KOREA, VIETNAM, CHINA AND JAPAN TOO. IN MY ARTICLE TODAY I FOCUS ON A NEW EMERGING ART MARKET,

THE MARKET OF MIDDLE EAST!!

EVEN THOUGH THE MIDDLE EAST IS IN THE MIDDLE OF WARS, TEARING APART SEVERAL COUNTRIES, ITS ART MARKET STILL CONTINUES TO IMPRESS AND ACHIEVE BETTER RESULTS, SEASON AFTER SEASON. THE RECENT SALE IN DUBAI BY CHRISTIES SHOWS ABUNDANTLY THAT ART PRICES OF ARTISTS OF THE AREA ARE IMPROVING BY A GOOD PERCENTAGE. THERE ARE NO SIGNS OF THIS ART SLOWING DOWN BUT ON THE CONTRARY IMPROVING IN SPITE OF THE UPHEAVALS IN THE AREA.

IRAN IS NOT AT WAR OF COURSE AND THERE WE SEE REALLY ROBUST PRICES THAT PROMISE MUCH BETTER TO COME. EGYPT IS NOT IN THE BEST ECONOMIC SITUATION AND YET ITS ART IS SHOWING GOOD SIGNS OF GROWING AND GOING HIGHER AND HIGHER.

THE WAR IN IRAQ, SYRIA HAVE DEFINITELY AFFECTED THE LOCAL MARKETS AND YET THERE ARE MANY ARTISTS FROM THESE COUNTRIES WHO SELL WELL AND SHOW SIGNS OF SELLING MUCH BETTER IN THE FUTURE.

FINALLY, ONE HAS TO LOOK AT THE MIRACLES HAPPENING IN LEBANON AND THE ART OF THE COUNTRY GOING PLACES. MANY ARTISTS FLOURISHING, HIGH PRICES ACHIEVED AND YET, LEBANON WAS IN CIVIL WAR MODE ONLY A FEW YEARS BACK.

CONCLUDING, I SAY WITH PLENTY OF CONVICTION THAT THIS IS A MARKET THE ART INVESTOR MUST LOOK INTO AND INVEST IN IT!!

PETER CONSTANT

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