15 articles found within the last year.
Displaying results 1 - 15
-
The art of the sell
Just before the most prestigious U.S. art fair, ... Mr. Edelman goes to great lengths to protect ... Within 48 hours, Mr. Edelman got his money ... Mr. Edelman, the former corporate raider who helped ... The field of art backing is a financial ... These lenders provide some much-needed liquidity in a...
-
Art investors poised to return to auction houses
Over the next fortnight, auction houses Christie’s, Sotheby’s ... The auction houses are expecting to more than ... But a few well-known artists are scarce. Damien ... Jussi Pylkkänen, president of Christie’s Europe, said: “Prices ... Despite the apparent optimism, none of the three...
-
Which artists make the most money
Despite big falls in the art market last ... Top place went to Damien Hirst, whose works ... Second was the late Jean-Michel Basquiat, a US ... Third place went to US artist Richard Prince ... Although Hirst came in at number one, his ... The September sale, which began on the same...
-
Crunch bursts the artistic bubble
There is a strong connection between the financial ... Even at the height of the financial crisis, ... The bubble demonstrates very clearly the link between ... Why did so many buyers want to acquire ... Renaissance Florence depended on the patronage of the ... The world’s next great commercial centre was Amsterdam,...
-
Sales at hedge fund-backed art show surge
At The Age of the Marvellous, a satellite ... At the show, financed by BlueCrest Capital Management ... Browsing at the show were former Formula 1 ... Co-founder of the show and former artist, Joe ... La Placa said that having the exhibition in ... Artist Polly Morgan said buyers had told her...
-
No one wants to take home the Bacon at art show
A painting by Francis Bacon valued at $9m ... The Monday night opening of the fair was ... Gerard Faggionato, a director of the Faggionato Fine ... He said: "A painting like this won't sell ... Louisa Guinness had a stall at the show ... Guinness said: "Things have slowed down, and more...
-
Art funding feels the credit crunch chill
This week, around 60,000 of the world’s well-heeled ... Some visitors will be big collectors like Roman ... But behind their glittering façades, galleries are suffering ... This change in fortune reflects that of the ... Even works by artists such as Damien Hirst ... Nearly half of the UK’s arts organisations experienced...
-
Doubling Down on the Art Market
As the world’s chief auction houses scale back ... Phillips de Pury & Co. is adding 18 ... The plan is being steered by Bernd Runge, ... Mr. Runge, in his first interview since taking ... "I'm almost an art virgin," Mr. Runge said. ... Critics say that moving more untested artworks into...
-
Investors ponder what price to put on beauty
“Art for art’s sake” was an adage dreamt ... The big prices paid for works of art ... During the same period, almost every other asset ... Craig Robins, a multi-millionaire Miami-based collector, said: “Approaching ... “People get excited by the headline auction figures...
-
Ark gala fundraiser beats dampened expectations
Hedge fund managers and professionals in the UK ... More than 800 professionals attended the dinner at ... The same event last year raised more than ... Despite the tough economic conditions, Thurman, fiancée of ... The audience responded strongly, mustering a collective £15.6m...
-
Auctioneers face squeeze as buyers cut back
Sotheby’s and Christie’s encapsulated the buying sprees of ... But, as the art bubble deflates and buyers ... Robbert Van Batenburg, head of research at New ... The contemporary, post-war and modern art sales in ... Buyers were plentiful – the houses achieved an ... Million-dollar art is becoming harder to find. In...
-
Art Market Searches for Bottom
As the spring auctions begin, the stock market ... Over the next two weeks, New York's chief ... The auction catalogs alone weigh half as much ... These sales come at a crucial moment for ... During the fall auctions in November, art sales ... At next week's auctions, strong sales could restore...
-
40% of contemporary art fails to sell
The top end of the contemporary art market ... The number of unsold contemporary works at auctions ... The market will be tested next month when ... The three pieces that fetch more than $1m ... The collapse in sales is even more pronounced ... Contemporary art prices have plunged 28% since their...
-
Signs of renewed confidence in the art market
There are signs that the art market is ... The latest report from the Art Market Confidence ... Nearly three quarters of collectors are in the ... The majority of respondents to the survey also ... Thierry Ehrmann, chief executive of Artprice, said : ... He added: "London and New York have been...
-
Banks’ latest writedown woe – their art
Ever since the Italian Renaissance in the 15th ... And modern banking is no exception. But as ... Stacey Gershon, a New York-based art adviser and ... Charles Thomson, co-founder of the art movement known ... Maybe a bank thinks it is keeping up ... Deutsche Bank, which last week reported its first...
1
