Hispanic Art Scene Art Blog
Hispanic Art Market Report Summer 2011
The art news is great in 2011 if you are the estate of any of the super famous Latin American artists who are breaking price records this year. Still I see lots of room for improvement and I look forward to even higher prices on select quality work by these and other artists that become available. As per the living artists the super stars are back on their way to the top with better auction prices and more demand for their quality work. Some have had very successful exhibitions both here in America and abroad. The rest of the Hispanic art market will soon benefit from the higher price that Latin American art is bringing at auction and I see a bright future ahead. Still we live in the day and daily expenses including rents need to be paid and art supplies bought. So the artists who continue to struggle the most today are the middle class artists who are still busy creating but find it very hard to find collectors who are able and willing to spend from a few hundred to a few thousand dollars for their work. Exhibition opportunities are more abundant but very few sales are made if any at these exhibitions. Costs are up in studio rentals, energy, materials etc. These are the times when true grit will be tested and many artists will just give up. The market will have some weeding out and then will emerge that much stronger. My advice to all artists is to continue to create and be optimistic about your future. Do not over extend your expenses and live within your means. Take advantage of all exhibition opportunities that you can afford. The Hispanic Art Market will continue to pickup throughout this year and I look forward to a very strong 2012 Art Scene. Originality and Freshness will lead the way in 2012 so I hope to see much new works and techniques in the year to come. I hope everyone a wonderful summer and look forward to the fall art season here in NYC and in Miami.
Cuban American Artist, Jose Acosta