Sellers Hold-Out: Contemporary art auction values dip 81%, volumes low

  • September 27, 2009 23:29

  • Email
Basquiat

LONDON - The estimated value of London’s October contemporary-art auctions is down 81 percent from 2008 as prices and lots on offer decline amid the financial crisis. Sales at Sotheby’s, Christie’s International and Phillips de Pury of “Part I” works during the week of the Frieze Art Fair are estimated to fetch at least 20.8 million pounds ($33.1 million), according to a total of auction-house figures calculated by Bloomberg. The equivalent sales last year had a low estimate of 107 million pounds.

Read more at Bloomberg


  • Email

More News Feed Headlines

Lenfest Hall, facing East toward the Forum (below), the Great Stair Hall (above) - On view- Generation, 1988, Martin Puryear - Steve Hall © Hall + Merrick Photographers, 2021

Philadelphia Museum of Art Opens New Galleries and Public Spaces in Major Renovation

  • ArtfixDaily / May 6th, 2021

On May 7, 2021, the Philadelphia Museum of Art unveils to the public the culmination of two decades of planning, ...

Read More...
Desert X installation view of Zahrah Alghamdi, What Lies Behind the Walls.  2021.  Photography by Lance Gerber.  Courtesy the artist and Desert X.

Take A Virtual Walk-Through of Desert X 2021 in the Coachella Valley

  • ArtfixDaily / May 4th, 2021

After a postponement due to pandemic stay-at-home orders, Desert X 2021 is in its final weeks of a 9-week (to May 16) ...

Read More...
Ackroyd & Harvey, installation of Beuys’ Acorns, at Tate Modern.

British Artists Ackroyd & Harvey Plant 100 Oak Trees Outside Tate Modern

  • ArtfixDaily / May 4th, 2021

In advance of the Tate Modern galleries' reopening (planned for May 17) in London, Beuys’ Acorns is a fresh ...

Read More...
George Bellows' "Polo Crowd"

Bill and Melinda Gates Are Splitting Up. Now What About Their Art Collection?

  • ArtfixDaily / May 3rd, 2021

Bill and Melinda Gates are ending their marriage after 27 years, the couple announced via Twitter on Monday. Noting ...

Read More...

ARTFIXdaily Artwire