Anders Petterson (UK): “The Future of Art Collecting: New Models and Motivations” lecture // M17 Art Collectors’ Forum. Day ІII [the video is available]

On July 9, 2021, at 17:00 event #7 in the M17 CAC, on the ІІI Day of the M17 International Art Collectors’ Forum, there will be Anders Petterson’s (Great Britain) lecture “The Future of Art Collecting: New Models and Motivations”

Languages of the event: Ukrainian and English
Event format: live broadcast organized in the M17 CAC

About the lecturer:

Anders Petterson, a leading authority on the art market, is a pioneer in developing data, new research reports, and analytical tools for the area. A founder and Managing Director of ArtTactic, a London-based art market research and advisory company set up in 2001. Anders is lecturing on the topic of “Art as an Asset Class” for the Sotheby’s Institute of Art and CASS Business School in London and IESA in Paris. He is a board member of the non-profit organization Professional Advisors to the International Art Market (PAIAM). Upon Petterson’s initiative, in collaboration with ArtTactic, such important publications for the art industry as Hiscox Online Art Trade Report, NextGen Artists Global Report, TEFAF Art Dealer Finance are produced.

The full schedule of Forum events can be found at this link

Key abstracts:

• There are 4 main changes in the art market trends over the past few years: increasing wealth creation, global art market infrastructure expands, art as an asset class, technology and new business models.
• In the last years, contemporary art has become more involved in art fairs and art market. This is preferences shift.
• Online sales were the smallest and least visible aspect of the art market. Though today its popularity is growing. Online auction houses are more experimenting.
• Average prices on online platforms have grown, and they still go further. This is due to the confidence in digital system.
• There is a change in reasons of people buying contemporary art. Today it is more about philanthropy.
• The concept of gallery has changes during the COVID-times. Galleries now can exist on digital platforms, not needing physical space.

VIDEO OF THE EVENT:

• original language (English)

• Ukrainian translation

M17 International Art Collectors’ Forum was organized jointly with the Ukrainian Club of Contemporary Art Collectors and the Modern Art Research Institute of the National Academy of Arts of Ukraine within the “An Open Opportunity: Ukrainian Contemporary Art from Private Collections” project.