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The art market is back
Monday, November 09, 2009
Category: Uncategorized
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Sales results at the New York Impressionist and Modern auctions in early November were strong. Christie's opened theirs was not a strong sale, yet still sold 70% by lot and 71% by value. The following night Sothebys sold 85% by lot and 93% by value. An exceptional result. As the Baer report put it: 'cash is no longer king and that commodities like art are a place that wealthy people are returning to place money'.
The art market awakens from the long summer
Friday, September 11, 2009
Category: Uncategorized
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The market is slowly awakening from the long summer. Galleries are all open again and good exhibitions will start at the end of the month, although the real auction season doesn't start until mid October.
Still a buyer's market
Monday, June 08, 2009
Category: Uncategorized
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Despite prophesies, starting in the summer of 2008, of its impending demise, the art market is certainly still 'alive', although for sure not as 'kicking' as it was 18 months ago. The results of the New York auctions in May were solid, and improved in the London sales in late June when over 80% sold in the Impressionist and Modern sales, and in the Contemporary sales an astonishing 86% sold by lot at Christies and 97% at Sotheby's.
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