No end in sight for soaring art market
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NEW YORK  Â Art is hot. Despite turmoil in the financial markets, there are no signs that the art market is softening. The fall auction season in New York saw robust prices across most categories, with postwar and contemporary works in particular going through the roof. It seemed like a new record was being shattered every time an art auction was held.
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Britain's art heritage is draining away and its museums can no longer compete against foreign rivals in bidding for old masters, research revealed on Friday.
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The famous painting isn&#39;t exactly the type most people want in their home. The image is too grim and full of existential angst.
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Some mutual funds invest in stocks; others invest in bonds. Now a new breed of funds is offering the chance to own fine art.
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The renewed appetite for art as an investment is drawing attention to a small number of scholars who have been applying economics to this new asset class.
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Vincent Van Gogh's The Wheat Fields, which had been expected to fetch up to $35m, fails to sell at auction.
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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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LONDON, Jan 31 (Reuters Life!) - In what could be the most valuable sale they have ever staged in Europe, auctioneers Sotheby's said on Wednesday they expect to raise more than 100 million pounds ($195 million) from an Impressionists' auction next week.
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Leading auction houses are confident that financial market turmoil will not derail their largest ever European sales next month, despite early signs that wealthy buyers are losing confidence in the booming sector.
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Christie's opens a sale of Chinese and Asian art in Hong Kong with record prices expected, amid an art boom.
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Over the past year, the once feverish housing market in South Korea has come to a near halt, as buyers and sellers have become scarce.
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Four of Gustav KlimtÂs paintings go to the auction block, and a story about justice and redemption after the Holocaust devolves into yet another tale of the crazy, intoxicating art market.
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A collection of work by artist L S Lowry, valued at half a million pounds, is to go on sale in Birmingham.
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For years their work could not be exhibited in China, but now the countryâs leading contemporary artists are being courted by major art collectors abroad and a local government in Sichuan Province is taking notice.
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Despite ongoing hardships, the retailer shows glimmers of opportunity.
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An extraordinary week in the short history of the contemporary art market in London has ended.
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The deadline for the removal of colorful flower decals from the city taxis was midnight of the new year, but the art is still seen around New York. Next up for the floral paintings: New Orleans.