If you're curious about the fascinating world of the Canadian art and photography market, ART POINT is for you!

Written by Elizabeth Anne Cavaliere, the founder and principal at Focal Point, ART POINT explores the intersection of art, culture, and the global economy, unpacking how politics, policies, and market dynamics shape the creative world.

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  • Auction preview with a large paper showing art auction details, a woman pointing at artwork, and people in the audience.

    23 MAY 2025

    Marlene Dumas just set a record with Miss January sold at $13.6M, the highest auction price for a living female artist. In my latest Substack, I explore what that means for Canadian women artists, whose market recognition still lags far behind. From Rita Letendre to Kapwani Kiwanga, I look at how institutional support, national exposure, and private sales shape long-term value.

  • An art gallery exhibit with various sculptures on white pedestals and a striped fabric installation in the background, with overlay text discussing Canadian galleries at Frieze NY 2025.

    8 MAY 2025

    There are no Canadian contemporary galleries at Frieze NY this year. In this week's Substack I do some math (yes, math) to compare the numbers of Frieze NY 2024 and Montreal's Plural 2025 as a way to think through the shifting art fair priorities of Canadian contemporary galleries.

  • A collage of artwork and text overlay asking about differences between handpicked and curated art, with specific examples of artworks and artist information.

    1 MAY 2025

    When celebrities take on curatorial roles, what impact do they really have on the art world and the art market? In this week's Substack post I explore two high-profile cases of celebrity curation: Martha Stewart’s current sale with Joopiter and Steve Martin’s 2016 exhibition The Idea of North. These examples offer a lens into how celebrity involvement can amplify visibility, reshape narratives, and influence market behavior.

  • Background of green textured ropes with overlaid white text discussing Canada's place in the 2025 Art Basel and UBS Art Market Report.

    24 APRIL 2025

    Where’s Canada in the 2025 Art Basel & UBS Art Market Report? Spoiler: It’s not there. But I’ve got some thoughts. This latest post took me an extra week to put together (it’s a big one!), but I wanted to connect the dots between the 264-page Basel & UBS report with what the major trends actually mean for Canadian galleries, auction houses, and collectors.

  • A map of Canada overlaid with text questioning why candidates are not discussing the economic power of the arts in the 2025 election, emphasizing the importance of arts funding, the art market, and cultural diplomacy.

    10 APRIL 2025

    As Canada heads into the 2025 federal election, candidates are talking economy, climate, and foreign policy—but ignoring the arts. This post makes the case for why arts funding, cultural diplomacy, and the art market aren't just “nice-to-haves,” but critical tools for national recovery, global influence, and economic growth. It’s time culture took centre stage.

  • Text on a gray, dotted background reads: "Canadian Art Fair Season Begins, What Could We See? Thoughts on what Art Basel Hong Kong might indicate for Canada's 2025 upcoming art fairs."

    3 APRIL 2025

    As Canadian art fair season kicks off, trends from Art Basel Hong Kong offer clues about what might unfold. With global uncertainty in the mix, Canadian collectors and institutions have a chance to shape a uniquely local response. Will they play it safe, or help define the next chapter for Canadian art?

  • A collage of scenes related to arts, including portraits, nature, and art activities, overlaid with text about sustaining arts and the importance of funding creativity.

    20 MARCH 2025

    The 2025 Governor General’s Awards in Visual and Media Arts aren't just a celebration of creativity—they’re a powerful reminder of why public arts funding matters, not only for culture but for the economy. These awards spotlight the long-term impact of sustained investment in the arts, and why Canada’s approach offers a vital counterpoint to what's happening elsewhere.

  • A colorful illustration of two women with flowing hair, surrounded by flowers, with a large computer screen and circuitry in the background. Overlaid text discusses Al's Art Market test results and Christie's augmented intelligence sale for Canada.

    13 MARCH 2025

    Christie's Augmented Intelligence sale closed on March 5, and the numbers tell us a lot about where AI art stands in the market. Some works soared past expectations while others struggled to meet their low estimates. So, what does this mean for Canada? Will we see a leap from research labs and festivals into major auction houses? And what will it take for Canadian AI artists to cross over into the commercial market?

  • Book cover for an auction catalog titled 'When Art Becomes an Asset Class', discussing the rising interest in art investment funds, with a background image of a classical painting featuring children and a woman playing a violin.

    5 MARCH 2025

    Fine Art Funds, fractional shares, and art as an asset class—smart investments or just market hype? A deep dive into the relatively recent history of art as an investment vehicle and how socially conscious funds are changing the way we think about them.

  • Black and white photograph of Winston Churchill wearing a tuxedo and bow tie, with text overlay discussing a market reaction to a photograph of Churchill.

    27 FEBRUARY 2025

    What happens when one of the world’s most famous portraits—Yousuf Karsh’s The Roaring Lion—gets stolen in a brazen hotel heist? Beyond the intrigue and international investigation, the art market takes notice. Prices shift, provenance matters more than ever, and media attention fuels demand.

  • Group of diverse people dressed in colorful, modern, and traditional clothing, standing together with a sunset background, promoting thoughts on 2024 Canadian institutional acquisitions.

    21 FEBRUARY 2025

    2024 saw major Canadian institutions expand their collections, while many others implemented acquisition holds. Does this signal growing disparity between institutions with significant donor support and those that must navigate more restrictive budgets? What does this mean for the art market in 2025?

  • Image of a sign with the text 'Canada Agente Headquarters Conaught Building 555 MacKenzie Ave,' and overlaid white text that reads, 'What Canada's Tax Changes Might Mean for the Art Market. A Financial Focus Friday post on the deferral of changes to the capital gains inclusion rate.'

    14 FEBRUARY 2025

    Love is in the air... and so are capital gains taxes. This Valentine’s (or Valuation) Day we break down what Canada’s upcoming tax changes might mean for art sales, donations, and estate planning. Spoiler: timing really matters.

  • Promotional image with a girl with large orange braids and orange wig, wearing a space suit, against a cloudy sky background, with text about AI auction, copyright recommendations, and the Canadian market.

    11 FEBRUARY 2025

    Considering CARFAC’s recommendations on AI and copyright in light of Christie’s upcoming AI auction (the first of its kind) and how artists and the art market might respond.

  • Poster with the title 'A Story of Two $50 Masterpieces' and a picture of a man with a pipe, wearing a dark jacket and hat, standing outdoors near the sea, with an overcast sky.

    5 FEBRUARY 2025

    How does a $50 painting turn into a $349,250 auction sale? Spoiler: It’s not luck. It’s all about authentication. A dive into two recent remarkable art discoveries.

  • An art piece with black and white painted portraits of African American men with natural hair, on a wall background. The overlaid text reads: "When the Cost of Money Changes, So Does the Value of Art. A Financial Focus Friday post on the impact of rising interest rates on art value."

    31 JANUARY 2025

    What do Basquiat, a banana, and billionaires have in common? Interest rates! Auction houses are struggling, art-backed loans are tightening, and appraisers are adapting to a shifting landscape where past sales aren’t always the best guide.

  • Photograph of soldiers in a war zone, some injured or dead, on rocky terrain with dirt and debris. Overlaid with text discussing Jeff Wall's $3.6 million photograph.

    29 JANUARY 2025

    What does it take for a Canadian photograph to sell for $3.6 million? Rarity? Prestige? A perfect storm of market forces? I break down the fascinating dynamics behind the sale of Canada’s most expensive photograph ever sold.

  • Text overlay on an art gallery wall that reads "The Canadian Art Market and the Price of Protectionism. Thoughts on how United States trade policies could impact Canadian art's place on the international stage."

    21 JANUARY 2025

    With the looming possibility of a 25% trade tariff on Canadian goods entering into the United States, Canadian artists and art market could face new challenges, but also new possibilities. How might tariffs impact cross-border sales, institutional collecting, and the global momentum of Canadian contemporary art?

  • A painting of a snowy mountain landscape with trees and log cabins. People are working outside, some with animals and tools.

    15 JANUARY 2025

    I've launched a Substack! If you're curious about the fascinating world of the Canadian art and photography market, this is for you. I'll be sharing insights, stories, and analysis—like thoughts on the recent CCPERB decision to delay the export of a Krieghoff painting purchased by a foreign buyer.