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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Source: Economic Times By – Ashok Nag KOLKATA: Valuation services revolving around art extended by leading international auction houses inject a degree of stability and strength inthe market. This system could also come of good use in India if introduced in a concerted way by auctioneers and leading galleries.”The present downturn in the art sector, […]
Wikipedia has accused London’s National Portrait Gallery of betraying its public service mission as the row over the encyclopedia’s use of images from the gallery’s website escalates, reports the BBC. The gallery is threatening legal action after 3,300 images from its website were uploaded to Wikipedia and has said it needs to recoup the £1m […]
Kishore Singh Contemporary art prices have crashed steeply, so why aren’t more works in the market? * Values of contemporary art are down by as much as 60-70 per cent * Enough contemporary artists have stood the test of time and their prices should turn robust soon enough * There is very little contemporary art […]
