lv.FRAME.jpgYou could describe them as gallant or blasé or ignorant or bankrolled, but I am sticking to my earlier prediction, Obama or not, 15 out of 41 art galleries in Portland will be out of business by April 15.


D K Row sets the scene today in the Oregonian – Local galleries deal with a struggling economy


Bob Koch of Augen Gallery is quoted by Row with this curious and uneven remark, “Art may take a hit price-wise,” says Kochs. “But at some point (later on), prices will get re-inflated because the wealthy will always see buying art as a good place to store their wealth.”


“Store their wealth” implies an active accessible resale market – not Craig’s List. Resale for this? Where? Anybody know?

Advertisements