Advisory Wrapped 2022

Simon Fisher

This year has been a roller coaster, but nonetheless performance was very strong in many areas. Record prices were achieved at the Paul G. Allen Collection sale for example, and a number of other private collection sales. But it wasn't all plain sailing.

Similar to Art Basel in Hong Kong earlier on in the year, Art Basel Miami Beach saw a drop in attendance. It appeared many of the bigger collectors simply gave Miami a miss, opting instead to attend Frieze in London and Paris+ par Art Basel.

To add to Art Basel's Miami woes, spending earlier in the year at the New York sales and other leading fairs resulted in a figure close to 3 billion USD being taken out of the art market in the weeks preceding Art Basel Miami Beach.

In 2023, collectors from outside of Asia will be hoping to return to the region, Hong Kong remains an exciting global destination, with Art Basel taking place in March, and M+ running at full throttle. The second edition of Frieze Seoul is likely to be strongly attended, given how successful its first iteration was.

I expect next year the market will plateau slightly, but we will still see strong participation from new and seasoned collectors, particularly when it comes to private sales of work by young and in demand artists.

Favourite exhibition: Adrian Ghenie: The Fear of NOW, Thaddaeus Ropac, London (12 October–22 December 2022).

Artist discovered: Mohammed Sami.

Most looking forward to: Philip Guston, Tate Modern, London (5 October 2023–25 February 2024).

Eva Fuchs

I loved seeing the Marlene Dumas show at Palazzo Grassi in Venice. It was the first time I saw an exhibition of her work since the Tate Modern show in 2015 and it reminded me why I love her work. Her paintings are charged with so much power and emotion.

The market—especially the secondary market—has slowed down this year. It will take a while for sellers' expectations to catch up with what buyers are prepared to pay.

The primary market is still strong, especially for lower and mid tier works. There are less speculative elements, which is a good development that is necessary for a healthy art market.

I'm looking forward to Art SG and S.E.A. Focus in Singapore in January. It's going to be a really exciting Singapore Art Week with lots of standout galleries attending and a high calibre fair launch for Art SG. I'm excited to go back to Hong Kong for Art Basel after not being able to visit for nearly three years.

Favourite exhibition: Marlene Dumas, Palazzo Grassi, Venice (27 March 2022–8 January 2023).

Artist discovered: Andrew Cranston.

Most looking forward to: Alice Neel: Hot Off The Griddle, Barbican, London (16 February–21 May 2023).

Rory Mitchell

The thirst for exciting young painters continues at an overwhelming pace and I don't really see that changing, although the auction hysteria witnessed during the last two years has started to retreat somewhat. Bigger galleries are looking to sign up younger artists earlier and earlier now but some may feel better served by smaller or mid-sized dealers, so it will be interesting to see how that plays out over the next year or so.

It's been wonderful to see some really strong young painters emerge in the UK this year. I loved meeting Royal College of Art graduate Pam Evelyn in her studio. She speaks so well and handles paint so impressively at such a young age.

Other studio visit highlights were Louise Giovanelli and Francesca Mollett, both incredible painters making compelling new work. I also love Joseph Yaeger's work. I'm thrilled to see him receiving even more attention since visiting his studio at the beginning of May. I look forward to his show opening at The Perimeter in London in January.

The museum shows in Paris during Paris+ par Art Basel week were a real highlight. The Alice Neel show at the Centre Pompidou was so moving, and the Joan Mitchell exhibition at the Fondation Louis Vuitton was spectacular.

Gagosian's exhibition in their London space curated by Richard Calvocoressi on Lucian Freud, Francis Bacon, Frank Auerbach and Michael Andrews was also exceptional, and William Kentridge was one of the best contemporary shows I have seen at the Royal Academy.

Favourite exhibition: Joan Mitchell: Retrospective, Fondation Louis Vuitton, Paris (5 October 2022–27 January 2023).

Artist discovered: Pam Evelyn.

Most looking forward: The Morgan Stanley Exhibition: Peter Doig, The Courtauld, London (10 February–29 May 2023).