The article examines the art market's struggle to attract new wealthy buyers despite a surge in global wealth. Marc Spiegler, former global director of Art Basel, argues that galleries have failed to recruit the newly wealthy, noting that inflation-adjusted art sales have declined over the past 15 years. He suggests the industry needs to reposition art as 'magical' and transformative to appeal to potential patrons.
On September 23, Bruun Rasmussen will auction ten works by Ovartaci, the Danish Art Brut master born Louis Marcussen. Ovartaci, who lived at the psychiatric hospital in Risskov for 56 years, created surreal figures, abstract female forms, and distinctive 'smoking phantoms'—handcrafted cigarette holders turned into magical beings. His breakthrough came in 1979 with the Louisiana Museum of Modern Art's 'Outsider' exhibition, and he has since been shown at the Venice Biennale and the CoBrA Museum of Modern Art. The online auction is already open for bidding, with a preview in Aarhus.