Saturday, February 20, 2016

Observingarts: Post-War and Contemporary Art - new records. : Against the backdrop of stock market crashes, the Art Market proves to be particularly solid. The auction results of London's Contemporary Art sales have naturally adjusted compared to 2015, as auction houses acted wisely in this particular economic situation and reviewed their number of lots on offer. These results are far from alarming. The unsold rates are low and new records were set. Last Wednesday, 10 February 2016, Phillips' chairman, Ed Dolman, commented on the Art Market in 2016: "the Art Maket has not crashed the way stock exchange markets did because it is an intelligent, more discerning market". Read full article here

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