Category: art market

  • Mixed results at Christies

    Carol Vogel reports on the results of the Christie’s auction on Nov. 12 in the NYTimes. This includes the sale of works on paper by former Lehman Brother’s CEO Richard Fuld and his wife Kathy. Copyright Leanne Goebel. May not be used without permission.

  • New York Auctions bad, but could have been worse

    At Sotheby’s sale of contemporary art on Nov. 11, only 43 of the 63 lots sold for a total of $125 million. Presale forecasts predicted a minimum of $202 million in sales. Contemporary art stars plunge to earth, AFP Contemporary art sale at Sotheby’s nets $125 million, International Herald Tribune Sotheby’s contemporary art sale defies…

  • Jerry Saltz predicts doom: Artworld will retract, be reborn

    My favorite art critic is Jerry Saltz of New York Magazine. (His wife Roberta Smith from the New York Times is likely my second favorite). Mr. Saltz has an insightful article on the state of contemporary art in the current issue. Read it here. Art Market Watch from ArtNet.com also explores the situation in detailed…

  • Charles Saatchi-“Art is no investment”

    “I know very little about contemporary art but have £1,000 to invest. Any advice?” When Charles Saatchi was asked this in an interview in ‘The Independent’, he responded: “Premium bonds. Art is no investment unless you get very, very lucky, and can beat the professionals at their game. Buy something you really like that will…

  • How the art market influences 8 leading British artists

    Another great article from The Guardian by Sarah Thornton. Read it here. Some highlights: “There remains a strong feeling in the art world that good art is made by people with more profound goals or intellectual ambitions than simply making money. As the former YBA Gavin Turk told me: ‘If artists are primarily motivated by…

  • After the Crisis, Frieze and the Fall Auctions

    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…

  • Art sales in London this week may determine future of art market

    Bloomberg is reporting that Sotheby’s and Christies both have guaranteed lots in this weeks London auctions. The big question is whether they will have buyers. Read the article here. “There’s an awful lot riding on these sales in London and next month in New York,” said the London dealer Alan Hobart. “If they’re successful, confidence…

  • Poets, Artists and the Market

    A long must read from John Perreault’s diary about his recent experiences in Denver.Click here. Perreault is part of an exhibit that opened this past weekend at The LAB of art and ideas at Belmar. In Plain Sight: Street Works and Performances 1968-1971. Check out the BLAB for photos from the opening. Perreault is a…

  • Is art the new gold?

    The anxiety continues to build. What will happen at the Frieze art fair? How will the fall auctions go? Does the economic impact on Main Street affect the gallery district? Is art a good investment? And does it really matter? Sarah Thornton writes a great piece in the UK Telegraph here. My favorite comment comes…

  • Crush, Pop, Bomb, Fall: All Used to Describe Results from Sotheby’s Hong Kong Art Auction

    Credit Crunch Crushes Art AuctionBBC Pop Goes the Bubble in Chinese & Indian ArtBusinessweek Masriadi Breaks Post-Lehman Stupor at Hong Kong Art AuctionBloomberg Sotheby’s Chinese, Indian Art Sale Bombs in Wake of Wall Street CrisisBusinessweekSotheby’s Shares Fall Amid Concern About Art MarketBloomberg Copyright Leanne Goebel. May not be used without permission.