Hi everyone, Just wanted to wish everyone a Merry Christmas and a safe New Year.
It's been a very interesting year for the Aboriginal Art Market. It has been incredibly successful for many within the industry despite the world economic crisis in the last few months. Some galleries and dealers haven't noticed any downward trend in the amount of business they are conducting in comparison to previous years whilst others have found things have definitely tightened up.
I believe it is times like these that can be very positive on niche industries such as Aboriginal Art. In particular when the industry has just experienced a period of unprecedented and sustained growth that has seen the Aboriginal Art Industry make massive leaps forward in terms of respectability, interest, awareness and status within the global art market.
During this time, many new players have entered the market whilst many non-aboriginal focused galleries decided to add Aboriginal Art to their portfolio of artworks offered. Many of these people no doubt saw the opportunity to cash in on a booming industry. I don't believe there is anything wrong with that, as long as their method of operating is ethical and they have a genuine desire to become a real part of the Aboriginal Art Industry and support the artists through the highest of highs as well as the times when things might not be as simple as saying "hey we sell aboriginal art, you should get some it's huge"!
That is why these times can be great for an industry like ours! It has an almost magical way of weeding out the people who were just along for a quick ride, the ones who have no desire to support and grow the industry, the bad operators who struggle to operate below "perfect economic conditions" and the downright scammers who just want to make a $!
It's like the economic version of Darwin's theory of natural selection, it leaves an industry much stronger and better off with higher quality people throughout, which can only be a good thing for everyone!
What will 2009 bring? It's hard to say............part 2 in the new year, I need to meditate on it ;)