Monday, September 24, 2012

Doyle New York - Inaugural Street Art Auction

Auctioneers are finally dipping into the lowbrow market.  Where it once was highly frowned upon and illegal, is now something worth hanging onto.  This is the first time Doyle's is holding a sole auction dedicated to street art and graffiti pieces.  Other auction houses have done well with larger pieces, so we will see how this turns out for Doyle's. 

The people from the Upper East Side (old money) and surrounding neighborhoods are now interested.  We are talking about old folks with a lot of bread.  They want a piece of the pie and a large one.  These collectors are finally asking questions and examining the art.  In their mind, they want to know how they can tap into the market.  And we aren't talking about old men at the racquet club that are critiquing Eastern European art.  We are talking about older ladies that sip on tea with their cheese and crackers.  They want in.  Unfortunately for them, they have a lot to learn.  Some people were just not raised in the streets.  The promising thing is that they have money and plenty of it.  If they play their cards right, they have the power and influence to drive up the cost of street art.  It wouldn't be to our dismay if they are getting advice from their broker, agent, and/or art guru.

We will have to find out on October 16th if they actually pull the trigger. 

Here is a tiny preview from Doyle's:

See a larger preview here.

178 E. 87 St.
New York, NY

Exhibit: October 13-15, 2012
Auction: October 16, 2012

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