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Archive for the ‘Economics’ Category

I once went on a first date with a guy who told me an adorable story from his childhood.  From an early age, his mother sat him in front of the television to watch Mister Rogers’ Neighborhood on PBS.  As soon as he could put pen to paper, he began writing Mister Rogers about his [...]

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“The income we have generated through increased business is superior to any income we could generate from selling the collection.” I somehow missed this article last week: financially struggling museums are hosting “turnkey,” or pre-made, exhibits from the art collections of corporate banks.  Seems like a win-win on the surface, but some issues- ethical, curatorial [...]

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Okay, perhaps two street art posts in a row has you craving one of my drier art market posts!  It’s your lucky day.  This AP article picked up by the San Francisco Chronicle outlines how the current economic downturn is negatively affecting sales at many online auction sites. I’ve observed that high end art doesn’t [...]

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Thanks to Donn at The Art Law Blog for keeping me abreast of developments in Joe Simon-Whelan’s lawsuit against the Andy Warhol Foundation…I’d forgotten about this since the story broke last year! A federal judge has issued an opinion that allows a significant portion of the lawsuit to move forward.  From The Art Newspaper: The complaint alleges that [...]

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News sources were mostly down on the results of this week’s Impressionist and Modern Sale at Sotheby’s.  A lack of bidders for two of the featured works, a Picasso portrait and Giacometti sculpture, brought the sale total to $61.4 million– below the low estimate of $81 million and the lowest sale total in this category [...]

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It was a buyer’s market at the Christie’s Dubai sale last week.  While within the auction estimate, the evening brought in less than $5 million as compared to the $8.65 million made at the same sale a year ago.  The most expensive lot was Iranian artist Parviz Tanavoli‘s “The Wall and the Script” (pictured above), [...]

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Mandatory reading from The New York Times!  Carol Vogel speaks with Ann Temkin (chief curator for painting and sculpture at the MoMA), Marc Porter (president of Christie’s America), Steven P. Henry (director of Paula Cooper Gallery), Matthew Marks (of Matthew Marks Gallery), the dreamy Tobias Meyer (worldwide head of contemporary art for Sotheby’s), and others [...]

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A new article from Dow Jones Financial News Online finds that a record high 40% of contemporary works for sale at major auctions went unsold in the first quarter of 2009.  Only three pieces, including the Anish Kapoor scultpure pictured above, sold for over $1 million (the Kapoor sold for approximately $1.2 million, including the [...]

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