Source – Economic Times You know times are hard when the usually circumspect representatives of the Indian art market speak out of their combined pains. Until recently,they struggled to accept the arrival of a slump in the market, ostrich-like even as world over bellwether auctions registered tepid bidding and pivotal art fairs saw poor attendance. […]
The growth in blockbuster exhibitions travelling the globe means more art than ever is in transit, under a shroud of strict secrecy – but how does it make the journey? About to be safely stowed … Natalya Goncharova’s Linen at the Tate storage warehouse. Photograph: David Levene A blockbuster exhibition often showcases an artist’s work […]
NEW YORK, NY.- Memory (2008), a major new site-specific sculpture installation by leading international artist Anish Kapoor, will be on view at the Solomon R. Guggenheim Museum from October 21, 2009, to March 28, 2010 as part of the Deutsche Bank Series at the Guggenheim. Anish Kapoor: Memory is the Solomon R. Guggenheim Foundation’s first […]
Sir Howard Hodgkin’s debt to India is mostly marked by the number of pictures it has inspired, says Giridhar Khasnis Twenty-five years ago, when Howard Hodgkin represented his country at the Venice Biennale, noted art critic Robert Hughes observed in Time magazine: “Not since Robert Rauschenberg’s appearance at the Biennale 20 years ago has a […]
TNN – Ranjit Hoskote, Every second year, when the Venice Biennale comes around, the Indian art world asks why we are not officially featured at the oldest of the world’s biennales. Inaugurated in 1895 and currently in its 53rd edition, Venice has consistently presented global contemporary art at its stimulating best. While individual Indian artists […]
The Minneapolis Institute of Arts managed to keep some important 13th-century Indian sculptures. By MARY ABBE, Star Tribune The Minneapolis museum feared it would lose three prized sculptures at auction, but through a fluke they are back on view. “Shiva and Uma”Charles Walbridge,Minneapolis Institute Of Arts After 55 years on loa n to the Minneapolis […]
At the start of 2008 Artprice launched a powerful new tool, the Art Market Confidence Index (AMCI) in order to give clients a “real time” appreciation of trends and sentiment on the art market. The index is based on theoretical foundations underpinning the Michigan Consumer Sentiment Index of the Survey Research Center of Michigan University, […]
NEW YORK—As if Sotheby’s 87 percent drop in profits in the second fiscal quarter, announced Tuesday, wasn’t sobering enough, the firm also got walloped by its archrival Christie’s in the auction sales arena in the first half of 2009, with its $995 million tally falling far behind Christie’s $1.5 billion. The gap can be largely […]
The Wall Street Journal in its August, 2006 edition pointed out that wealth managers are getting bullish on art. More and more managers and financial institutions are taking aggressive action to attract more customers and clients offering more services to help include art in their asset base. Private banks and brokerage firms are beefing up […]
Aug. 5 (Bloomberg) — Sotheby’s Chief Financial Officer William Sheridan said art prices and sales have stabilized, after the New York-based auctioneer reported a worse-than- expected 87 percent drop in second-quarter earnings. “Unless there’s some external event we’re not aware of, we believe the market has bottomed out,” Sheridan said in an interview last night.Auction […]
