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Collectors in the Covid-19 Era

Published on , by Pierre Naquin et Hugues Cayrade

Even if all the market players were to go digital to cope with the crisis created by Covid-19, the recovery of business remains highly uncertain, and in the end depends on the mood of collectors. So, what is their state of mind these days?

Charles Riva in front of Comet (1970), Lee Krasner.© HV Photography. Courtesy Collection... Collectors in the Covid-19 Era

Charles Riva in front of Comet (1970), Lee Krasner.
© HV Photography. Courtesy Collection Charles Riva

The crisis brought about by the epidemic has hit the art market hard, particularly with the cancellation of numerous fairs. While many players are seeking to reinvent themselves, it is undeniable that collectors still represent the main outlet for artworks, without which there would be no market at all. How has their buying been affected by Covid-19? Florence and Daniel Guerlain expand their collection through the foundation they created in 1996. Since 2004, their foundation is no longer regularly open to the public, but since 2006, it has awarded a prize during the Salon du Dessin in Paris. "Although it's problematic for us to prepare for the prize in 2021 because of constraints linked with the pandemic, which means limited travel abroad, the crisis has not really affected our…
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