Art Market Analysis and Comparison

The art market can be tricky to navigate and there are no guarantees of profitability but post-war and contemporary art is proving to be irresistible to collectors.

Art has always been a very important part of Latin American culture. For centuries, Latin American artists have been creating beautiful works of art that have been enjoyed by people all over the world. However, it wasn’t until recently that Latin American art started to become more widely recognized and appreciated. Latin American art, once considered a niche market, is now at the top of many collectors’ lists as it becomes more fully incorporated within the global art market. This is due to the growing number of talented artists from Latin America such as Carmen Herrera, Gabriel Orozco and Doris Salcedo selling across auction categories as well as the increasing number of wealthy collectors from around the globe who are looking to add Latin American art to their collections. As a result of this, prices for Latin American art have been skyrocketing, with many artists now selling their works for millions of dollars at auction.

Likewise, the market for collectible watches - what many consider as wearable works of art - has seen tremendous growth in recent years due to their timeless appeal and superb craftsmanship. The finest examples of these timepieces are able to fetch high prices at auction due to their rarity and desirability. As the market for collectible watches continues to grow, more and more people are discovering the joys of owning a piece of wearable art.

Panel Discussion: Heidi Lee Komaromi, Paul Boutros and John McCord

Join New York-based art advisor, Heidi Lee Komaromi for an art market analysis with Philips specialists, Paul Boutros, Head of Watches, and John McCord, Head of the 20th Century & Contemporary Art. Together, they discuss and analyze the current state of the market.

This special roundtable discussion covers art market analysis and, more specifically, the burgeoning markets for these exciting collecting genres.

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Speakers

Heidi Lee-Komaromi

New York-based art advisor, Heidi Lee Komaromi has 16 years of experience in the art world, specializing in Post-War and Contemporary art. She has advised, managed and built collections for individuals, estates and Fortune 500 companies and has acquired and appraised over 3,000 works of art by both emerging and internationally renowned artists. Having worked extensively on both the primary...

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Paul Boutros

Paul Boutros is the Head of Watches, Americas for Phillips – the leading auction house dedicated to fine collector’s watches. His efforts contributed to multiple record-breaking results, positioning Phillips as the global market leader in watch auctions within two years. In October 2017, he led Phillips’s inaugural New York watch auction, Winning Icons, where Paul Newman’s legendary...

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John McCord

John McCord is a Specialist and Head of the 20th Century & Contemporary Art Day Sale at Phillips, where he is responsible for securing consignments, developing auction catalogues, and managing the spring and fall auctions in New York.
In his professional career, which spans 15 years, John has developed an in-depth expertise in cutting edge contemporary art, and has worked in the...

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