Domestic
10:19 25 November 2023
Post by: WBJ

Polish art prices will catch up with the West

Polish art prices will catch up with the West
Source: MSZ

The Polish art market is the last in the economy that is not adjusted to Western market conditions. Since it must "catch up" to the conditions prevailing in those markets, we should expect price increases, which are already beginning to be visible, said Iwona Wojnarowicz, president of the Common Arts Foundation (CAF), in an interview with ISBnews.tv. She emphasized that the prices of 20th-century art are particularly undervalued in Poland – and here "very large value increases" are possible.

"The art market is an element of global markets, not only related to art. If we have real estate in Poland, in Warsaw, at similar prices to the West; if we have luxury goods, such as cars, alcohol, and clothing at similar prices to the West, and art in Poland is still much cheaper than art in the West - it means that this market simply must 'catch up' to the Western market because the market does not tolerate this inequality gap," Wojnarowicz said.

(ISBnews)


poland
art
auctions
iwona wojnarowicz
caf

More News

lifestyle

LifeStyle
1 month ago

'We work hard, we achieved what we have on our own, we are strong women, and we have our voice': Joanna Krupa

LifeStyle
1 month ago

Magdalena Lamparska: 'Viewers have come to enjoy watching movies at home'

LifeStyle
1 month ago

8th edition of the 4 Design Days in Katowice 25–28 January Everlasting design. Timeless architecture.

LifeStyle
1 month ago

Children's birth completely changed my perception of the world: actress Zuzanna Grabowska

Book of Lists

Book of Lists
3 years ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
3 years ago

25th jubilee edition of Book of Lists – project start