Art Crime « Arrested Motion

Madoff Effects on Art Market

Posted by sleepboy, January 6, 2009

Sounds as though the slump in the art market is not only due to a lower demand, but also because of a higher supply of good art.Â One of the reverberations of the biggest ponzi scheme in history by Bernie Madoff appears to be an increasing supply of good art for sale.Â It’s hard to believe but according to the Wall Street Journal, many art collectors who invested with Madoff had so much of their money lost that their sole liquid asset they have left […]

Sad Trend – Stolen Art

Posted by sleepboy, January 1, 2009

Art heists are not new… The ones that get the most attention are the ones where millions of dollars worth of art is lost. Check out this article from Artinfo that highlights the top 5 art crimes of 2008. What does seem to be new though, is this disturbing trend of art being jacked from galleries that WE frequent and of less “expensive” art. Artists we are all familiar with such as Yumiko Kayukawa, Luke Chueh, Sylvia Ji, Margaret Kilgallen, Barry McGee, Clare Rojas, and […]