Monday, 17 November 2008

The jpeg market is over

The NYT reports on the crash in the art market.

The manner in which art is purchased will probably become more conventional too. In the flush years it was common for auction houses to sell to people who never actually saw a work live but bought simply based on an e-mailed image or a picture in a catalog. “The jpeg market is over,” Mr. Meyer said. “We’re getting back to selling art you really have to look at.”

Monday, 3 November 2008

Voor de liefde Gods

Damien Hirst's famous "skull" is now on view in Amsterdam. Click here for more information.

Sunday, 2 November 2008

Sneak preview

The New York Times has a nice preview of the upcoming fall auctions in New York.
ARTIST: Kasimir Malevich
TITLE: “Suprematist Composition” (1916)
ESTIMATED PRICE: $60 million
Sotheby's officials predict that this painting will fetch $60 million. Determined to offset some of the risk, Sotheby's has lined up a buyer who has contractually agreed to purchase the painting for an undisclosed sum. If someone else is willing to pay more, the original bidder will get a share of what is called the upside: the difference between what he was willing to pay and the higher price.

I would rather buy the Philip Guston though.