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Headlines from *The Art Newspaper*
For the first time in history, the Grand Canal and St. Mark's Square are carrying huge advertisements
Deutsche Bank offers 600 major post-war works cut-price...
Christie's has "worst Islamic sale in 17 years"
Contemporary Chinese art levels off
This year's Sao Paulo Bienal shows almost no art; is this conceptual choice or just lack of funding?
Posted by Tyler Cowen on November 14, 2008 at 07:31 AM in The Arts | Permalink
Comments
I was in Venice last weekend and the advertisements are the single biggest eyesore it has been my misfortune to see. The Bridge of Sighs has an ad for a Daewoo Cielo which just looks beyond ridiculous (http://www.flickr.com/photos/21781733@N06/2824072237/). Not sure what the authorities were thinking...
Posted by: Ujjwal at Nov 14, 2008 7:48:48 AM
Two Richard Serra pieces were just sold at the Sotheby's two days ago, one at the low end of the estimated price range, the other at a "hammer price" much below the estimate.
Posted by: Yan Li at Nov 14, 2008 8:06:49 AM
About time.
Posted by: Melpomene at Nov 14, 2008 11:36:06 AM
I think the market is smaller than anyone knows. I hate art, and this proves I’m not alone.
Posted by: not D.H. at Nov 14, 2008 4:38:55 PM
People are realizing that a stuffed goat in a glass box is not worth $20 million??
Posted by: j at Nov 15, 2008 6:48:14 AM
Although no one argues that the art market was inflated, especially in relation to Contemporary Art, art remains a good investment.
Unlike stocks and bonds, a painting cannot go out of business or bankrupt. A van Gogh will remain valuable. In time great and good work will regain any value lost during the recession. Can the same be said for many stocks?
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Posted by: aion kina at Mar 18, 2009 2:03:42 AM
It is enlightening!
Posted by: lily at May 14, 2009 8:23:51 PM
Is it realistic?
Posted by: nana at May 14, 2009 8:24:14 PM
It seems we will be in economy ression for quite a long time. We can see the economy crisis effect everywhere
Posted by: nana at May 14, 2009 8:25:05 PM
