Category: art market

  • What does the fiscal crisis mean for arts organizations?

    The Philanthropy News Digest reports on an article from the Washington Post. With Wall Street in turmoil and many large companies facing mergers, bankruptcy, or other hurdles, those in the arts community are increasingly nervous about how mounting economic woes will affect corporate donations, the Washington Post reports. Charitable giving to arts groups — 13…

  • Middle Tier of British art market go unsold at auction

    Hirst may be a big seller, but Banksy and Kate Moss aren’t as big a draw at another recent auction. Read about it here. Copyright Leanne Goebel. May not be used without permission.

  • Does the economic turmoil hurt the art market?

    Bloomberg is reporting that sales are down at Chelsea Galleries. Cristina Delgado, a New York-based art adviser is quoted in the article as saying: “My clients are sitting tight and they want to see what happens in the next six to eight months.” Then she adds: “The prices for young and emerging artists have to…

  • Benefits of a bad economy

    One benefit of the bad economy. Less fake art is being imported from China! Read the Bloomberg article here. Copyright Leanne Goebel. May not be used without permission.

  • Damien Hirst, the Contemporary Art Market, and the Critics

    Last week, on September 15 & 16, 2008, the same days the U.S. stock markets tanked and the world economy appeared to be on the brink, Damien Hirst did something revolutionary. He and Sotheby’s sold $200m of his “art.” I put that term in quotes, because critic Robert Hughes weighed in on the “tacky” and…

  • Artist, gallery owner shares insights, Durango Herald, Nov. 2, 2007

    “I’m old. I don’t care anymore. I just want to see art continue,” gallery owner Karyn Gabaldon said to a crowd of more than 30 artists gathered in her eponymous gallery on Main Avenue across from the Strater Hotel on Oct. 23. It was the first of two lectures. The audience came to learn how…