“The Invisible Market”

Joeonna Bellorado-Samuels, Director, Jack Shainman and Founder, We Buy Gold, New York
Marek Claassen, Co-Founder, ArtFacts / Limna, Berlin
Elizabeth Dee, Co-Founder, Independent Art Fair and Director, The John Giorno Foundation, New York
Nicholas Olney, President, Kasmin Gallery

Moderated by Farah Nayeri, author and New York Times culture writer, London

Ninety percent of the transactions of the art market are private. Recently, the art market has become more heavily data driven. Why? Is it due to short term volatility, as seen in recent years? Is the market hungry for validation? How is this affecting galleries and their sales strategies, if at all? What is the impact of social media? Are there ethical concerns? What explains the increase in private sales over the last 5 years? How do we make the invisible, visible—and should we?