Art Market Sheltered From Credit Turmoil
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NEW YORK -- Despite turmoil in the financial markets, the art market shows no signs of softening.
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The Royal Academy of Arts in London announced on Wednesday that it had received official approval from Russia for the loan of its art for the exhibition âFrench and Russian Master Paintings 1870-1925 From Moscow and St. Petersburg.â The show is scheduled to run from Jan. 26 through April 18. Russia had cast the show in doubt while seeking assurances that none of the 120 paintings would be seized to satisfy possible claims that they had been confiscated by the state after the 1917 revolution.
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DUBAI (Reuters Life!) - Demand for contemporary art in the Gulf Arab region, will remain robust and unscathed from recent financial market jitters, the director of one of the Middle East's biggest art sales centers said on Thursday.
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Business & money: Banks may be forced to seek huge injections of fresh capital as the credit crunch shows no sign of abataing
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A leading English art body is offering interest free loans to cash-strapped art lovers in the hope of enticing them to dabble in the market.
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After a rough quarter, are happy holidays ahead for the arts and crafts retailer?
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The annual June art auctions have made London a more important art capital than it has been for more than 20 years.
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Collectors and dealers who thought Sotheby's had overreached in its estimates went home surprised from Tuesday night's auction of contemporary art.
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Credit markets took another hit as the  Bank of England bailed out Britain&#39;s biggest casualty so far in  the global credit crunch while policymakers differed over the  best way to restore liquidity to money markets.
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An outright credit squeeze has not arrived in Europe, but some bankers there are finding it trickier to navigate the global credit crisis.
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Strong sales for impressionist and modern works were evident this week at New York's premier auction houses, with Paul Gauguin's "Maternite (II)" bringing in &#36;39.2 million and Claude Monet's "London, the Parliament, Effects of Sun in the Fog" &#36;20.1 million.
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Economic instability looms as major currencies seem to be racing each other to the bottom of the pile. This is the flavour of the markets at the moment.
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Only scratches remain on the white walls where the four Impressionist masterpieces once hung. No metal detectors, no armed guards, no cameras were in sight Tuesday, underscoring just how vulnerable many of Europe's small museums are to thieves enticed by soaring art prices.
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The daring theft of Edvard Munch&#39;s masterpiece &quot;The Scream&quot; has left the international art world in a state of shock.
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Business & money: The City risks financial turmoil unless it learns the lessons from this summer's credit crunch, warns Bank.
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Rather like the premature reports of the  death of Mark Twain, forecasts of the collapse of the art  market as a result of the global credit crunch appear to have  been greatly exaggerated.
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Comment is free: Mark Lawson: Cultural prizes are under attack, but they serve a valuable role in bringing art to a wider market.