Topic Archives: Recession

EMERGING CHINESE ARTIST HONG KONG AUCTION Christie’s Asian Contemporary Art sale on 1 December was surprisingly encouraging for the art market, at least the Asian contemporary art market, although perhaps not too much should be read into that just yet. … Continue reading →

          JAPANESE ART LECTURE HONG KONG On November 28 2008 world-renowned Japanese artist Takashi Murakami gave a lecture organised by Christie’s as an ancillary event appended to their November sales in Hong Kong. He is the … Continue reading →

HONG KONG AUCTION SALES The art world is eyeing Hong Kong for the latest litmus test of how prices are holding up amid the global financial crisis, with experts cautiously upbeat about the future of the Asian market.The frenzied scramble … Continue reading →

ART AS COLLATERAL  One art-world business is booming: collectors looking to borrow against works they own, especially before the fall sales threaten to lower values. “We’ve been contacted by lots of people who are feeling some sort of margin call,” … Continue reading →

ART PRICES FINANCIAL CRISIS With fear at near panic levels recently in the stock market, it would seem almost anomalous that life goes on in some segments of alternative investments. No, we’re not talking about hedge funds or commodities, both of … Continue reading →

  ART FAIR LONDON   Like Frieze, the Zoo Art Fair, which was held at the Royal Academy’s Burlington Street galleries, concentrates on new work. “Several of us did very well,” says Nick Hackworth, director of London’s Paradise Row gallery, … Continue reading →

MARKET WATCH Two Singapore auctions of Asian art at the weekend missed estimates as a slump in global financial markets kept many buyers away. Borobodur Auction Pte’s two-day sale of Chinese and Southeast Asian art totaled S$11 million ($7.5 million), … Continue reading →

  AUCTION SOUTH EAST ASIAN ART 2008 Sotheby’s autumn sales in Hong Kong were grim apart from the South East Asian sale which provided some much needed relief. The success of the sale prompted an ebullient quip from Sotheby’s entertaining auctioneer Chin … Continue reading →

      REPORT FROM THE AUCTION ROOM Big name Chinese and Indian artists and several premium lot artworks failed to sell at Sotheby’s October 2008 evening sale of contemporary and modern Asian art but the sale pointed to a new trend … Continue reading →

          KOREAN CONTEMPORARY ART Korean artists and galleries have made a huge impact on Beijing recently with the presence of PKM Gallery, Do Art and Arario Beijing in the Brewery International Art Garden says Theme magazine. … Continue reading →

FINANCIAL CRISIS IMPACT ART Michael Moses, a finance professor at New York University’s Stern School of Business, may well be the art-world’s most famous academic expert on art prices. With his colleague Jianping Mei, Moses co-developed the Mei Moses Index, … Continue reading →

ART MARKET RECESSION At least for now, the US has managed to avert a complete collapse of the banking system permitting the press breathing space to ponder the potential impact of the financial crisis on businesses and individuals around the world. How will the art … Continue reading →

MARKET WATCH The art market will not be affected by the vicissitudes of the global economy Philip Hoffmann chief executive of The Fine Art Fund said to the Business Standard at the August 2008 Indian Art Summit. “The trading in … Continue reading →

            Source: Financial Times MARKET NEW BUYERS MORE BUYERS The huge wealth from oil and mining in the Middle East and Russia is flowing into fine art, with a rush of new buyers entering a market that … Continue reading →