Share:Auctioneers feel the chill as sluggish sales and lower prices signal end of a boomBy Arifa Akbar, Arts CorrespondentFriday, 7 November 2008 APFillette sur un Banc, by Edouard Manet, which failed to sell at Christie’s on Wednesday For so long, the booming art market had appeared impervious to the dipping fortunes of the global economy. […]
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 […]
Share:AS Sotheby’s and Christie’s gear up for their famously extravagant summer contemporary art sales, the mood is mixed.Last October’s evening sales at Christie’s saw earnings of £34.87m for the auction house and the art world was paddling about in a Frieze-Week sea of champagne; last June the credit crunch was a distant rumour and the […]
