Oil profits help art market defy gravity

Share:By Eugenia Levenson Is there a bubble in the art market? Sales of high-end works defy expectations amid an expanding pool of oil-rich buyers.NEW YORK (Fortune) — Luxury these days is a tale of two markets: consumers continue to snap up high-priced Louis Vuitton bags even as they balk at paying full price for Coach […]

08 Jul

BY visionsart

Splendour in the grass

Share:From Economist.comThe beautiful bubble of St James’s Square JEFF KOONS is a big baby. The 53-year-old American artist is entranced by balloons, toy rabbits and big-eared puppy dogs. For nearly two decades he has used these images to create outsized, over-the-top kitsch sculptures finished to magnificent, shiny Brancusian perfection in a foundry in Germany. One […]

01 Jul

BY visionsart