contemporary art

The VIP Air Fair, which starts this Saturday, will feature 7,500 pieces of art by more than 2,000 artists, from nearly 140 galleries in 30 different countries -- and it will be held entirely online. Could online viewing change the selection -- and potentially the value -- of art?

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 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...