How the Current Economical State is Affecting the Art Sector

Terraze Ashfold • August 6, 2024

The Art Sector is Being Decimated by the Current Financial Downturn.

Historically, the art market/art world is both resilient against financial crisis, and is quick to recover in the event of an economic recession.


With it's low correlation to other assets, it's ability to hedge against inflation, and it's historical resilience during recessions, investing in art can be a smart investment choice for those seeking to balance their portfolios and mitigate risk.


With that being said, is this time different? We have seen recessions before and the art sector has weathered the storm, but they didn't have the pandemic behind them. Never before have we seen an increase in art sales like we had during and after the pandemic.


However, the aftermath of this is proving to be difficult. Artists that sold before the pandemic were now selling record numbers of art. Artists that didn't sell before were now selling. Part-time or emerging artists quit their jobs to focus on their art and it became their career. More Australians turned to art than ever before as they weren't going on vacation and were turning inward and wanted to be surrounded by things at home that were beautiful and comforting.


We are now in the hang over period. Art sales have slumped in the past 12 months and not just to the lows of before the pandemic, it has crashed more than ever before. Artists are still quitting their jobs to pursue their dreams, but this is riskier than ever for them and we need to continue to support that dream by buying original art. If you love it you will never regret it.


Everyone knows art is a long-term investment. Firstly, love it, enjoy it, and most of all have the courage to buy it. The art sector is strong and there will always be a wide variety of new and exciting pieces to enjoy since artists will never stop trying to do the impossible. The future of art is uncertain, but one thing is for sure: creativity will flourish as long as artists are open to change and interested in the world.


We have always been told that the worst thing you can do as an artist is to reduce your rates when the economy slows. Artits should avoid lowering their prices after their rates have already been established by the market and collectors. Our economy ebbs and flows, and we need to ride out this kind of thing. Once you reduce your price you can never go back. Buyers then think they can get your art at any price. There's no longer any set value to it.


Artists and gallery owners are coming up with ways to encourage sales, merge with community and survive!


We founded Creative Edge Art Collective as a not-for-profit as a way to support artists and bring them into the community. A way for buyers to trust that the artist and the gallery is a trusted place that supports both the artist and community who bid their work. A transparent platform. A professional platform and one that relys on it's artists and it's members.

By Terraze Ashfold August 7, 2025
About Us: We are one of the leading custom frame businesses in Perth, known for our high-quality craftsmanship and exceptional customer service. We are a passionate team of professionals and utilise the best equipment and machinery the industry has to offer. Due to continued growth, we are currently seeking an experienced Picture Framer to join our team. Job Description: Cuts out and assembles mouldings to make picture frames, and frames paintings, photographs, needlework and other artwork. Skill Level: 3 Key Duties and Responsibilities: Studying drawings, work orders, and sample parts to determine framing specifications Determining tooling, material, and machine requirements and planning the sequence of operations Setting up woodworking machines and wood stock for correct cutting, planning, turning, shaping, and sanding Operating machines to cut, plane, turn, shape, and sand frame components to precise measurements Removing old finishes using steel wool, glasspaper, solvents, and paint strippers; scraping softened finishes as required Applying surface finishes such as varnish, shellac, lacquer, stains, and paint; polishing and waxing finished surfaces Fitting and fastening frame pieces accurately and securely Mounting and assembling artwork, backing materials, and glazing for presentation and preservation Ensuring high standards of quality and attention to detail in all framing work Skills and Experience Required: Minimum 5 years experience in a picture framing environment Skilled in operating woodworking tools and machinery Strong attention to detail and an eye for design Ability to read and interpret drawings and work orders Good manual dexterity and craftsmanship skills Ability to work independently and within a team Job Type: Full-time Schedule: 8 hour shift Experience: picture framing: 5 years (Preferred) Location: Edgewater, WA 6027 (Preferred) How to Apply: Please send your resume to service@artsedge.com.au with at least 2 work related references, and a cover letter with detailed description of experience linked to this role. Applicants that do not include all the listed above will not be considered. We look forward to seeing your work and exploring how you can contribute to our team.
By Terraze Ashfold August 7, 2025
At Art’s Edge Gallery, we specialize in high-quality art reproduction, capturing masterpieces with precision and care to ensure every detail is preserved. We are seeking a talented Photographer to join our creative team and help us deliver exceptional reproductions for WA’s most talented artists along with archival work for libraries, museums and art collectors. As an Art Reproduction Photographer, you will be responsible for producing accurate and detailed photographic reproductions of artworks. Your expertise will ensure that each piece is captured with the highest fidelity and colour accuracy, maintaining the integrity of the original artwork. This Job is advertised as fulltime however we are flexible for the right canditate. Key Responsibilities: - Set up and operate professional photography equipment, including Hasselblad and Fujifilm Medium format cameras, lighting, and colour calibration tools. - Collaborate with clients and art conservators to understand specific reproduction requirements. - Capture images that accurately reflect the artwork’s colours, textures, and details. - Post-process images to ensure perfect colour matching, brightness, contrast, and sharpness. - Maintain a clean and organized studio or shooting environment. - Keep detailed records of each reproduction project for quality control and archival purposes. - Stay updated on the latest photography and colour management techniques. - Preparing digital files for printing, including resizing, colour correction, and optimizing for specific printers and papers. - Operating large-format inkjet printers, often with specialized pigment-based inks, and maintaining their optimal performance - Choosing the appropriate fine art paper or canvas based on the artist's vision and the technical requirements of the print. - Inspecting prints for any defects or inconsistencies and making necessary adjustments. - Handling prints with care, potentially including mounting, framing, and protective packaging for shipping or display. Experience: - Proven experience in art reproduction photography, fine art, or product photography. - High level of skills and knowledge with studio photography. - Strong understanding of colour management and calibration. - Proficiency with professional camera equipment and lighting setups. - Skilled in image editing software such as Adobe Photoshop. - Skilled using Capture One and Phocus. - Excellent attention to detail and a passion for accuracy. - Ability to work independently and collaboratively in a fast-paced environment. - Knowledge of art conservation and handling. - Excellent problem solving abilities are a must. What We Offer: Creative and collaborative work environment. Opportunities to work with renowned artists and institutions. Access to state-of-the-art equipment and facilities. Character: Mature, reliable, excellent problem solving abilities are a must. Job Type: Full-time Experience: Studio Photography: 2 years (Preferred) Print Finishing: 1 year (Preferred) How to Apply: Please send your resume to service@artsedge.com.au with at least 2 work related references, and a cover letter with detailed description of experience linked to this role. Applicants that do not include all the listed above will not be considered. Applicants may also link a portfolio of relevant work (desired) We look forward to seeing your work and exploring how you can contribute to our team.
By Terraze Ashfold August 7, 2025
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