A roundup of the news reports and financial results from Frieze, FIAC, the Sotheby’s and Christies London Art auctions and even Sioux Falls, SD. If there is any doubt that the contemporary art market is in limbo, then just check out these headlines that have crossed my desk in the past few days. Most recent are listed first. Click on the headline for a link to the full article.
Is your glass half full or half empty? If half empty, then skip the reading part. Maybe skip the whole post! Though there are a few positive takes in the mix.
Baroque or simply broke? Money Woes hit art market, the Associated Press
At contemporary art sales, market stumbles on, International Herald Tribune
And now, for the good news, The Guardian
Lean times for artists, Sioux Falls Argus Leader
Financial crisis: Contemporary art market hit, The Telegraph UK
Sotheby’s auction house the latest victim of financial crisis, The Telegraph UK
Art as an alternative ‘passion’ investment, Asia One Business
The contemporary art market–mad as a rubber crutch, Art Knows blog by Tom Flynn
The end is nigh (and other press hysterics), The Art Market Monitor
Still plenty of gain…sales are steady at fairs and at auction, The Financial Times of London
$10.8 m Warhol painting keeps ahead of the contemporary art pack, The Age, Sydney