Share:The Wall Street Journal in its August, 2006 edition pointed out that wealth managers are getting bullish on art. More and more managers and financial institutions are taking aggressive action to attract more customers and clients offering more services to help include art in their asset base. Private banks and brokerage firms are beefing up […]
Share:Aug. 5 (Bloomberg) — Sotheby’s Chief Financial Officer William Sheridan said art prices and sales have stabilized, after the New York-based auctioneer reported a worse-than- expected 87 percent drop in second-quarter earnings. “Unless there’s some external event we’re not aware of, we believe the market has bottomed out,” Sheridan said in an interview last night.Auction […]
Share:Source: Hardnewsby Reema Gehi Mumbai Although the financial meltdown has hit the art market hard, works of master painters like Akbar Padamsee continue to fetch the moolah. Recently, his artworks sold for more than a crore at auction houses like Osian’s and Saffron Art. But, art prices apart, this highly-feted artist’s work continues to be […]
Share:By Candice Choi ASSOCIATED PRESS NEW YORK | In the movies, the art auction is invariably portrayed as a glamorous event involving a hushed room full of people who raise paddles to bid on priceless works of art — a gathering of the advantaged engaged in a rite of class and privilege. Now, as the […]
Share:Damien Hirst has gotten to the point where the sound of his own voice isn’t good enough – now he needs a record of his thoughts for the ages. He and fellow artist Richard Prince (who actually has some talent) discuss the pains of the art market in Requiem II, which is scheduled to be […]
Share:Subodh Gupta, Mind shut down, 2008. Stainless steel, old utensils, 240 x 150 x 205 cm / 94 1/2 x 59 x 80 3/4 inches. Courtesy the artist and Hauser & Wirth © Hauser & Wirth. LONDON.- Describing himself as ‘the idol thief’, Subodh Gupta is one of the most exciting and audacious contemporary artists […]
Share:Source – Economic Times. KOLKATA: Provenance of artworks plays a major role in determining the price that a piece of painting or sculpture will achieve at the auctions.This is being proven at sales by auction houses, especially at overseas centres. It is being seen quite often that works of art with a sound provenance are […]
Share:Souce:- Artinfo HONG KONG—South Korea’s leading auction house, Seoul Auction, has opened a new office in Hong Kong, marked by an inaugural private-sales exhibition, “Cutting Edge,” featuring works by young Korean artists. They include The Afro Thinker by Byun Kyung Soo, Brian Drain by Lee Don Gi, and In a Row by Park Yuna, as […]
Share:July 24 (Bloomberg) — Seoul Auction Co. said it plans to offer more pop and contemporary artworks by Western painters such as Roy Lichtenstein at its Hong Kong sales to meet growing demand for such pieces by Asian clients. A stock-market rebound in cities such as Hong Kong and China, fueled by economic recovery, is […]
