Share:Flashback 2009 New Delhi, Dec 15 (IANS) Art has always been an enduring bet. The Rs.2,000-crore (Rs.20-billion) Indian art market managed to hold its own despite a 30 percent drop in prices in the first and second quarter of 2009. Purging mediocre art and small-time investors, the market corrected artificially inflated prices, found new ways […]
Share:As the Art Basel Miami art-fair bacchanalia heads into the weekend, there are some big buys — and even bigger buyers. One or two dozen of the Forbes 400 are here, plus their friends, relatives, art advisers, and seemingly every 20-year-old New Yorker who thinks porkpie hats are still in fashion. Val Kilmer’s buying art […]
Share:A leading Korean art auction house sold 73 percent of all artworks offered during its recent auction in Hong Kong, K-Auction said Monday, despite the lingering impact of the Wall Street-sparked financial turmoil on the Asian economy.According to Yonhap News, K-Auction sold 28 artworks from the 40 on the block during the Nov. 29 Asian […]
Share:Sales of traditional Chinese paintings and old masters notched up firm results at Christie’s autumn sales in Hong Kong, outshining Chinese contemporary art. Christie’s, hit by anemic spring sales due to the financial crisis, had been banking on the current autumn sales in Hong Kong, now the firm’s third biggest arts hub after New York […]
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:Source – Associated Press By Lisa Orkin Emmanuel MIAMI BEACH, Fla. — The collectors are back. That’s what Art Basel Miami Beach organizers and galleries are expecting. They say recent auctions and art fairs have indicated that collectors are again acquiring high art and that they are not afraid to reach into their pockets and […]
Share:Wealth advisers renowned for sponsoring art shows to attract clients are starting to use them to attract the attention of individuals from booming emerging markets. UK wealth manager Barclays Wealth has boosted this initiative by announcing a sponsorship deal with two contemporary Indian art exhibitions.Fresh from its sponsorship of tennis tournament the ATP World Tour […]
Share:Source: Emirates Business 24/7 By Keith J Fernandez on Thursday, November 19, 2009 Beginning today, Abu Dhabi welcomes the world’s top artists, curators, art dealers and other garden variety aesthetes to the region’s newest art fair. Abu Dhabi Art, which runs until Sunday, is only the latest plank of the Emirate’s strategy to position itself […]
Share:Experts say the basic premise of art funds in a young market such as India is not very solid New Delhi: With the countdown for the closure of India’s largest art fund having begun, the steep erosion in valuations is causing anxiety to its investors. Osian’s Art Fund (OAF), valued at nearly Rs100 crore, is […]
