Share:By Mike Collett-WhiteSource – Thomas Reuters LONDON (Reuters) – Rediscovered royal treasures from Russia broke records at a London auction late on Monday, but a separate sale of paintings fell well short of estimates. The Sotheby’s auctions pointed to ongoing uncertainty in a market that has grown virtually from nothing in the last 15 years […]
Share:Georgina Adam 19.1.09 Issue 198 The general economy and also the art economy is clearly headed for some choppy waters…” This is what mega-dealer Larry Gagosian told his staff in a tough-talking, if ungrammatical, memo published last November in Flash Art, as the global financial meltdown continued to panic investors, the US recession was officially […]
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 […]
