A few weeks ago we were visiting Sydney from the bush in Central Australia and decided to drop in on a few of our customers to see how things were going in the Aboriginal Art market. The outlook seemed to be a bit more optimistic than our previous visit around 3 months ago. Lots of art retailers are still concerned about the lack of oversees visitors to our shores. Like all retail businesses across Australia those in the Art industry have been hit hard by the high Australian dollar, the uncertainty caused by the Global Financial Crisis and yes! even the Carbon tax…. Don’t be fooled into thinking that the carbon tax hasn’t really affected you since it’s inception. I believe it will take time to see the problems with the Carbon tax in all it’s glory…… it stands to reason – if big companies have to pay a tax on their carbon usage you can be assured that they will pass on that cost to the buyers of their raw materials. If the cost of the raw materials rises then so does production costs, when production costs rise then so does the cost of the final product and so on and so on! We, as consumers, face huge rises in our cost of living – everything from a loaf of bread and a litre of milk to our electricity, sewerage, cars, petrol and the list goes on.
So it’s hard to believe, but great to see, that there is a growing sense of optimism slowly returning to the Aboriginal Art market! This is not just to benefit the Art Gallery owners themselves but the Aboriginal artists especially. They have been hit by the downturn in sales and most don’t understand why people aren’t buying their art anymore. More on that later…..