How Low Will the Market for Antiques Actually Go?

New York Times

March 3, 2018

[...] “By expanding the datelines we were registering changes in the antiques world,” said Michael Diaz-Griffith, the fair’s associate executive director. “We’re just allowing it to happen instead of being so rule-bound that we create an artificial zone where those market shifts, and shifts in taste, can’t be seen.”

One exhibitor to take advantage of that change is Jason Jacques Gallery, which was once known primarily as a dealer of late 19th and early 20th century European ceramics but is increasingly focused on contemporary design.

At the 2018 Winter Antiques Show in January, its presentation included a pair of black plywood benches sprouting moose antlers by the fashion designer Rick Owens (about $5,500) and a new seven-foot-tall Rococo-inspired porcelain wall piece resembling a medallion by Katsuyo Aoki and Shinichiro Kitaura ($250,000).

The medallion “was probably one of the most Instagrammed pieces in the entire fair,” said the gallery’s director Jason T. Busch, noting that he expects contemporary design to become an even larger part of his business in the coming years. “We’re going to always have work from our historic program, but I think it will be integrated within the contemporary.” [...]

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