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.
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…
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…
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…
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.
