The Cuban Art Market Today

In Old Havana, a small neighborhood of artists...
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An interesting take on the current state of the Cuban art market outside of Cuba from Daily Campello Art News:

“The collectors are taking advantage of a little-known exception to the U.S. trade embargo with Cuba: It is legal for Americans to buy Cuban art.” Wall Street Journal

This suggestion and idea is simple, and has been proven recently by the super hot rise of Chinese artists: when a closed society is opened up a little, its top artists see a substantial rise in exposure and thus in demand, and of course, in prices!

And it makes sense (if you buy art as an investment strategy rather than love of art).

Generally speaking, when an artist is in certain major collections around the world, such as the Museum of Modern Art in New York, the Museum of Fine Arts in Boston, the Tate in London, and other such giants of the museum world, it attracts a certain level of collector interest, and it is almost always associated with a certain price range.

And there are many contemporary Cuban artists whose work has been in those and many other important museums around the world for a very long time, and whose work continues to attract curatorial, critical and savvy collector interest, but because of their lack of exposure to the American market in general (often created by their closed societies), their price range is not in par with their colleagues from other nations in the same level.

Read the whole blog entry, Aqui Estamos.

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