Share:Lucian Harris 7.1.09 Issue 198 When Mumbai recently came under terrorist attack, India’s art market had only just begun to contemplate the economic crisis. The signs had already started to appear—at a Sotheby’s Hong Kong auction in October, a painting by Indian golden boy Subodh Gupta failed to sell, when only six months earlier another […]
Share:MUMBAI—Five canvases by Indian artist Nitai Das were withdrawn from an exhibition at the Jehangir Art Gallery in Mumbai after protests from the nonprofit organization Hindu Janajagruti Samiti, reports the Hindustan Times.Among the controversial canvases are a nude portrayal of a figure bearing a likeness to the deity Shiva and a portrait of Bharat Mata […]
Share:8 Jan 2009, Pranava K Chaudhary, TNN PATNA: Leading contemporary artist Subodh Gupta is, what they say, paying back to his home state Bihar which saw the worst-ever floods last monsoon. He collaborated with his celebrity friends in the art world, and collected Rs 4.17 crore through online auction of their paintings for rehabilitation of […]
Share:But Old Masters fared well, and inflation could prompt a recovery By Charles Paikert January 4, 2009 As the art world’s next major round of auctions begins this month, buyers and sellers will encounter a market as depressed as that for stocks and real estate. Auction and art fair sales in November and December were […]
Share:The economy is in recession, everything is in a state of flux, and no one knows where the world is heading to. It turns out these are ideal In pics: Contemporary Art conditions for art to evolve. If all goes well, a number of artists, galleries and collectors would find this as an opportunity to […]
Share:The Korean art market is reeling from the economic crisis, with the highest bid prices at domestic art auctions plunging 38.2 percent last year. So Jin-su, professor at Kangnam University and manager at an art market researcher, on Monday released a report on Korea’s art market in 2008, which said the sum of the highest […]
Share:By Lindsay Pollock / The Art Newspaper Institutions are increasingly likely to loan works of art to the most powerful private galleries This past autumn season in New York City one could admire numerous works of art from major institutions without setting foot inside a museum. Instead, a 1930 Picasso bather from the Museum of […]
Share:Sotheby’s two sets of Asia Week sales—in New York in mid-September and Hong Kong in early October—were overshadowed by the worldwide financial crisis. What the longer term trends in the market for Asian artworks will be cannot be known at this point because the sale results simply cannot be separated from the fact that the […]
Share:Source: artprice The market for contemporary art, the most speculative segment of the art market (+108% since 2003), has not withstood the shocks of the current financial turmoil. The results of the prestigious November sales in New York organised by Sotheby’s and Christie’s on 11 and 12 November are most discouraging. Only 66% of the […]
Share: A man observes the work of art “Le bouquet dans la baie”, by Marc Chagall, at the Cologne Fine Art & Antiques. Photo: EFE / Joerg Carstensen. COLOGNE.- Cologne Fine Art & Antiques will be hosting a large number of top-flight gallerists and dealers specializing in classical modern art, post-war art, antiques and applied […]
