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 […]
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 […]
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 […]
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 […]
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 […]
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 art. […]
Anish Kapoor (British, b. 1954), Mountain, aluminium, constructed from 120 water-jet cut 2 cm thick aluminium layers mounted on an internal structure 255 cm. high, 500 cm. wide, 281 cm. deep. Estimate: $1,800,000 – 2,600,000LONDON.- ‘Mountain’ by Turner Prize winning Anish Kapoor is to be sold at Bonhams next sale of modern contemporary Arab, Iranian, […]
November 12th, 2008 – 2:51 pm ICT by IANS New Delhi/London, Nov 12 (IANS) Leading international auction house Sotheby’s has kicked off its winter carnival sale of art, books, jewellery and antiquities Wednesday with a rich Indian spread. The winter show-cum-sale will be spread over November and December. The auction house is offering a rare […]
Nov. 12, 2008 $125 MILLION AT SOTHEBY’S CONTEMPORARY Sotheby’s New York sale of contemporary art on the evening of Nov. 11, 2008, totaled $125,131,500 (including premium), with 43 of 63 lots selling, or 68 percent. The total presale estimate was $203 million-$280 million. A third of the lots failed to sell, and most of the […]
Sales at Christie’s Post-War and Contemporary Art auction totaled $113.6 million, well under the auction house’s estimate of $227 million to $327 million. Miriam Kreinin Souccar It was another disappointing night for the art world, as sales at Christie’s Post-War and Contemporary Art auction came in far below estimates, capping off a dismal fall season […]
