‘It’s changed from art collecting to art buying now.’
Here’s what Manuel Ocampo make of the Filipino and Asian art market. #EsquirePHVideo #EsquirePHCover
Here’s what Manuel Ocampo make of the Filipino and Asian art market. #EsquirePHVideo #EsquirePHCover
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CreativityTranscript
00:00There's a lot more people buying art for investment.
00:03It doesn't come from the passion of collecting.
00:07It comes from playing the game.
00:12Being in on the game, it's sort of like a gamble.
00:15It's changed from art collecting to art buying now.
00:19Sometimes a collector will buy my painting in February in an art fair,
00:25and then you'll see it in the auction house in September.
00:29And the prices would triple.
00:32And you feel bad because you feel like you've been cheated.
00:36Because you think you make the artwork, you put your hours and sweat into it,
00:44and then for a person to auction it off for a profit,
00:49it's really not about your art.
00:51It's about your brand.
00:54And it sucks.
00:55And that's what's happening in the art market right now.
00:59Because it's become such a business.