Bloomberg reports that Christie’s is scapping plans for an art investment fund and loan division. The article also briefly discusses what we’ve talked about many times before: the downturn in the high-end art market, despite recent successful sales. Pictured above is an affordable oil on canvas being offered in Christie’s Interiors Sale in early September.
Archive for August 20th, 2009
A reminder that things aren’t yet rosy again at Christie’s
Posted in Auctions, News, tagged art market, Christie's, Lillian MacKendrick, painting on August 20, 2009 | Leave a Comment »
Was exploitative Michael Jackson art sale a total disaster?
Posted in Indulgences, News, tagged Andy Warhol, art auctions, art market, Michael Jackson, selling celebrity art, Vered Gallery on August 20, 2009 | Leave a Comment »
You may remember my previous post questioning the ethics of selling a Warhol depicting Michael Jackson immediately following Jackson’s death. Well, perhaps others felt queasy, too, because the auction might have been a big fat flop: Vered Gallery isn’t releasing the exact sale figure of the painting, saying it’s “over $1 million,” and it was sold to a speculator, [...]
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