Share:By Mike Collett-White LONDON (Reuters) – There are enough “recession-proof”, super-rich buyers to push soaring prices for the best works of art still higher, experts predict, but the picture is less rosy at the lower end of the market. And in a world where perception is everything, values for even the world’s most sought-after artists […]
Share:The Jakarta Post The Indian art market is reaching new heights. Pavan Kapoor visits the subcontinent to find out what is fueling the boom.Indian art has formally arrived in its role as a financial asset. This is apparent as I walk into the pulsating Habitat Center, the 5000 sq feet complex in New Delhi which […]
Share: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 […]
Share: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 […]
Share: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 […]
Share: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 […]
Share: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 […]
Share:Christie’s and Sotheby’s expect contemporary works to fetch millions of pounds AMIT ROYSubodh Gupta’s untitled canvas and (above) Raqib Shaw’s Chrysanthemum & Bee, to be auctioned at Sotheby’sLondon, June 25: India in transition appears to be the theme of works by contemporary Indian artists, especially Subodh Gupta from Bihar, which are due to be sold […]
Share:By Deborah Brewster in New York The big June art sales, which start Tuesday in London, are expected by the auction houses to break more records as collectors from commodities-rich regions such as Russia and the Middle East emerge to fuel the decade-long boom in the art market.Sotheby’s and Christie’s, the two main auction houses, […]
Share:Directory Journal Asia is home to some of the world’s oldest civilizations and also to the most exhilarating artistic finds. Asian art has been appreciated all over the world, as it offers intriguing insight into the traditions and vibrant history of Asia’s many cultures. Asian Art is known to depict light and darkness as two […]
