The sellers felt it had to be withdrawn because of the state of the market,” said Robert Bradlow, head of Sotheby’s Chinese department in London. “When we first took in the piece, it was a totally different situation. We’re in the first phase of a change.” Full Story »
Posted by Peter L. Combs
This and the other article are a good snapshots, well detailed of the impact of the slipping world economy and how it effects the art and antiques market. It also names the major players in this market and clearly presents their own views, all of it cautious.
From Asian to Modern art the world fine art and antiques market is just starting to feel the slide. This coupled with decreases in major auction house profits hint strongly at what is to be in the comming month(s) -years.
The decision to remove Arlequin (1909) from the sale is hardly surprising. It has been rumored for weeks that the work, from the artist’s Analytic Cubist phase, would be ... More »
A comforting article which assures us unwashed peasants that even the ultra rich are concerned about the world's financial condition and are keeping their millions under their mattresses--at least for now.
Nov. 7 (Bloomberg) — Buyers were reluctant to make expensive purchases at this week’s Asian Art in London promotion, dealers said, after a 2.5 million-pound ... More »
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