kc2orw
11-13-2007, 02:54 PM
Yup Art sales are down
http://news.yahoo.com/s....T.yBhIF (http://news.yahoo.com/s/afp/20071110/bs_afp/entertainmentartusauction;_ylt=AvT2GVi5DTpjC5UxPBO 5OT.yBhIF)
Quote[/b] ]
NEW YORK, United States (AFP) - The slipping US economy and plunging bourses appeared to infect the market for multi-million dollar paintings, as major works including a Van Gogh went unsold at auctions here this week.
The two major art auction houses, Sotheby's and Christie's, both got a shock in New York as they sought to mark new price records for artists such as Picasso, Matisse, Gaugin, and Van Gogh.
The week got off to a promising start Tuesday evening, when Christie's hit the hammer at 33.6 million dollars for a 1937 Matisse, "L'Odalisque, harmonie bleu," far above the 20 million dollar upper estimate.
http://news.yahoo.com/s....T.yBhIF (http://news.yahoo.com/s/afp/20071110/bs_afp/entertainmentartusauction;_ylt=AvT2GVi5DTpjC5UxPBO 5OT.yBhIF)
Quote[/b] ]
NEW YORK, United States (AFP) - The slipping US economy and plunging bourses appeared to infect the market for multi-million dollar paintings, as major works including a Van Gogh went unsold at auctions here this week.
The two major art auction houses, Sotheby's and Christie's, both got a shock in New York as they sought to mark new price records for artists such as Picasso, Matisse, Gaugin, and Van Gogh.
The week got off to a promising start Tuesday evening, when Christie's hit the hammer at 33.6 million dollars for a 1937 Matisse, "L'Odalisque, harmonie bleu," far above the 20 million dollar upper estimate.