Tag Archives: Economics

Rumor Mill: David Choe – The 200 Million Dollar Artist?

So, you may remember the internet frenzy last month when photos leaked of David Choe (featured) painting and tagging up a storm at the new Facebook headquarters at the request of Mark Zuckerberg. What we didn’t know was that when … Continue reading

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Auctions: Dreweatts “Urban Contemporary Art” Sale (October)

Last night in London, Dreweatts kicked off an important week of auctions at the major houses with decidedly weak results. At a mere shadow of the £300,800 – 429,400 estimate, their October Urban Contemporary Art Sale realized a total of … Continue reading

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SDCC ’10: Frank Frazetta Conan Painting Sells for Record Price

Although this unfortunately occurred two months after the artist’s death, the above painting, “Conan the Destroyer”, just sold for $1.5 million – a record for a work by Frank Frazetta. The piece was sold by the estate in San Diego, … Continue reading

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Jeff Koons & Damien Hirst Prices Drop 50%

Two of the biggest stars of the art boom in the latter part of the last decade, Jeff Koons and Damien Hirst, were bound to feel the effects of the down economy. It’s taken some time to compile the data … Continue reading

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Art Review 2009 Power 100 List

The highly anticipated annual Art Review Power 100 list was just released on Thursday.  The list this year reflects the fundamental changes that the global financial crisis has unleashed onto the art world.   Almost a third of the entries … Continue reading

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Viewpoints: Traditional Museums Set Record Attendence Non-Traditionally

The recession has been hitting everyone hard, even the museums are being hit in their wallets. From the MOCA needing a bail out to the Rose Art Museum selling off their collection, museums seem to be dealing with declining attendance … Continue reading

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Getty to Slash Budget as Trust has Lost $2 Billion in Last Year

The Getty Center (where we will be visiting for Kehinde Wiley’s talk) will surely be slashing their budget soon as news has come out that the J. Paul Getty Trust has lost amost $2 billion over the last year. We … Continue reading

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Yves Saint Laurent Auction Drama & Fallout

Judging from the results of the YSL auction we previously reported on, it seems that in the high-end art world, provenance is as important as the artwork itself. The Yves Saint Laurent name, just like Andy Warhol’s and Jackie Kennedy’s … Continue reading

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Yves Saint Laurent and Pierre Bergé Auction

Christie’s will be auctioning off the eclectic collection of the late Yves Saint Laurent next week starting Feb 23rd. The incredible collection of nearly 700 artworks were accumulated over decades by Saint Laurent and his partner Pierre Bergé valued at … Continue reading

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China’s Contemporary Art Crisis

As AM reported in past months (here), the ailing financial situation has forced many notable galleries in the US and EU to close shop. While this disappointing trend in the western art markets concern many, it pales in comparison to … Continue reading

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