art auction

    By Alysse Dalessandro

    | 8:00AM 7/22/2010
    When artist Michelle Ramin was accepted to the San Francisco Art Institute to pursue her MFA in painting, she knew she couldn't miss the opportunity. However, she also knew the income from her job at an art supply store would not cover the costs to supplement her move. She thought of asking friends...

    By Betsy Schiffman

    | 2:25PM 5/05/2010
    Recession? What recession? Plenty of cash is flowing into the art market, even as the economy struggles to get back on its feet. Now, with Picasso's "Nude, Green Leaves and Bust" garnering a record price, has the market recovered?

    By Tom Johansmeyer

    | 9:29AM 1/28/2010
    Christie's International says expects to have a better year in 2010 than it did in 2009. Yet there are degrees of recovery: Though the practice of guaranteeing minimum prices is poised to return, sellers won't see a swift return to the prices objects fetched at auction in 2007.

    By Tom Johansmeyer

    | 6:00PM 11/14/2009
    Ask any investor, and he'll tell you the best place to enter the market is at the bottom. Buy low and sell high, right? The institutional crowd knows this lesson best, and after a rocky year in traditional financial markets, many are now drawn to what seems to be the market bottom for a more...

    By Tom Johansmeyer

    | 12:30PM 10/26/2009
    The 2008/2009 art market ended seven years of astonishing price inflation. By the end of 2008, contemporary art suffered a price decline of 27.1 percent, followed by another 4 percent drop in the first half of 2009, according to ArtPrice's new report, Contemporary Art Market: The ArtPrice Annual...