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Tag Archives: art market
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ArtNewspaper: The Venice Effect (and the commodification of culture)
Art Basel. Venice Biennale. Anyone with an ear to the ground in the international contemporary art scene will likely hear two events come up in summer travel plans. As for the question, “Do people buy art there?” The simple answer–with a sigh (or a matter-of-fact exuberance), depending on which side of the market one allies–is [...]
Tags: art market, Venice Biennale
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Artprice.com: New markets and the crisis
More bad news for contemporary Chinese art market watchers: Artprice.com recently published a market outlook that pegged new contemporary art markets, such as India and China, as most sensitive to the economic downturn. The report points to the Chinese art market’s remarkable 583% growth between January 2004 and January 2009, but is also quick to [...]
Tags: art market, artprice.com, Christie's, economic downturn, Sotheby's
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Bloomberg: Art Market May Take 3-5 Years to Recover, Survey Company Says
Bloomberg reports on worrisome ‘state of the art market’ surveys produced by ArtTactic, a London-based art market analysis firm, and the Royal Institute of Chartered Surveyors. Both groups cite a downturn in the art market that will only deepen as the global financial crisis continues into the first quarter of 2009. Particularly inconvenient for contemporary [...]
Tags: art market
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ArtNewspaper: The new reality—the state of the art market in 2009 is not easy to predict
The Art Newspaper Editor-at-large Georgina Adam articulates the woes and realities of the slowdown in the international art market. Despite Larry Gagosian’s threatening note to staff circulates, and with reports of slow auction sales and lacklustre art fairs, there are still signs that sales continue. “Everywhere, while sell-through rates are down, there is still [...]
Tags: art market, Art Newspaper
HEADLINES
Bloomberg: Warhol, Hirst Works Languish as Prices Plummet at End of 2008
Bloomberg provides a year-end art market round-up, highlighting Damien Hirst’s unprecedented sale of 223 works at Sotheby’s, auction houses’ deficits and economic woes and a booming contemporary South East Asian art market. The market’s speculative nature sounds all too familiar to those involved in the contemporary Chinese art market, and the article makes clear investors, not collectors, are [...]
Tags: art market, South East Asian art, Zhang Xiaogang 
Upon returning to New York after her first visit to China, Soraya Broukhim provides a review of Wang Qingsong’s "When World's Collide" exhibition of photographs and videos at ICP. (
WSJ.COM/Art Market: The China Factor