Tuesday, May 27, 2008

Hot Market for Young Filipino Art - Be Careful You Don't Get Burned

Some Filipino artists did extremely well in auction recently.

We're very happy for them, and certainly, worldwide recognition for our artists - and for Philippine art in general - is long overdue and definitely well deserved. But we should point out that there are potential downsides, especially for some of the artists who get eye-popping numbers too early in their careers.

Check out these cautionary posts from Artnet.com and Art Market Insider. Though written for an American audience, local collectors and artists would do well to ask themselves some of the questions and concerns they raise.

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