Share:By Stephen Adams The stratospheric state of the global art market has been underlined by figures that show last month’s ‘Monet’ auction at Christie’s in London was the most lucrative in European history. The sale of Monet’s Le bassin aux nymphéas doubled the previous record for a work by the Impressionist artist Despite the global […]
Share:By Eugenia Levenson Is there a bubble in the art market? Sales of high-end works defy expectations amid an expanding pool of oil-rich buyers.NEW YORK (Fortune) — Luxury these days is a tale of two markets: consumers continue to snap up high-priced Louis Vuitton bags even as they balk at paying full price for Coach […]
Share:So says the critic Brian Sewell, and the art market seems to agree, with men’s work commanding millions more at auction. By Andrew Johnson Sunday, 6 July 2008 Laurie LewisBridget Riley, with her painting Cataract Women artists face prejudice and discrimination, with their works selling for a fraction of the price of their male counterparts, […]
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 […]
