art auction

A Picasso Sets a New Art Market Record

Recession? What recession? Plenty of cash is flowing into the art market, and sales records have been set in the depths of the economic downturn. Now, with Picasso's "Nude, Green Leaves and Bust" garnering a record price, has the market recovered?

Sotheby's Prepares to Revive Art Price Guarantees

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.

The global art market finds its floor

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...