From Economist.comThe beautiful bubble of St James’s Square JEFF KOONS is a big baby. The 53-year-old American artist is entranced by balloons, toy rabbits and big-eared puppy dogs. For nearly two decades he has used these images to create outsized, over-the-top kitsch sculptures finished to magnificent, shiny Brancusian perfection in a foundry in Germany. One […]
AS Sotheby’s and Christie’s gear up for their famously extravagant summer contemporary art sales, the mood is mixed.Last October’s evening sales at Christie’s saw earnings of £34.87m for the auction house and the art world was paddling about in a Frieze-Week sea of champagne; last June the credit crunch was a distant rumour and the […]
Deborah BrewsterSales in the art market this week exceeded even the most optimistic expectations, with buyers at major New York sales defying widespread fears of a market slump as a result of the credit crisis.Sotheby’s had its biggest sale ever by dollar value on Wednesday night, selling $362m worth of contemporary works. It sold a […]
Deborah BrewsterWhen Roman Abramovich, the Russian metals and minerals tycoon, and Sheikh Saud al-Thani, from the Qatari royal family, both showed up this month at the Basel art fair, their presence caused a stir but no surprise. The commodities market and the art market have grown unlikely links.The huge wealth from oil and mining in […]
By Charles Batchelor The very rich will go on accumulating wealth faster than previously forecast, in spite of the turmoil in financial markets and the US economic downturn, according to a new survey.A growing demand for “passion investments” – art collections and luxury goods – in Asia-Pacific, eastern Europe and the Middle East is expected […]
The Earth Times London – If proof were needed that the international art market has become a playground for the super-rich, it was delivered by record-breaking auctions in London this week. Just over 40 million pounds (80 million dollars) for a Monet water lily painting, a record-smashing 15 million pounds for Italian futurist Gino Severini, […]
Nalini S. MalaviyaAs the stock market continues its downward trend, there are a number of investors turning to art as an alternate investment option. In the past, we have discussed how domestic art is rapidly emerging as an asset class. Analysts confirm that despite last year’s fall in the art index, this year it has […]
Subodh Gupta and Bharti Kher’s careers reflect a vivid new turn in Indian contemporary art. LAKSHMI INDRASIMHAN profiles the red hot couple THERE’S A hyena in Bharti Kher’s bath. There’s what looks like a chimp’s skull on her bookshelf and magnified pictures of a fly Photos: Shailendra Pandeypinned to the wall. Three assistants are pressing […]
2008 Biennale of Sydney Art Gallery of NSW; Museum of Contemporary Art; Artspace Contemporary Art Centre; Cockatoo Island; Pier 2/3 Walsh Bay; Royal Botanic Gardens; Sydney Opera House. Until September 7. REVOLUTION is not a word used much these days, except perhaps to sell homewares and shampoo.Jill McKay in No Future (2008) by Christoph BuchelIts […]
The Economic Times The price curve of Indian art is shooting north in the global market because of ‘increased consciousness’ about it, say experts. This has been brought about by greater visibility of art and artists from the country and easy access to relevant information about Indian art from the internet, they say. “Indian art […]
