Newslinks for Sunday, October 26th, 2008

October 27th, 2008

Lucio Fontana (1899-1968) Concetto Spaziale, Forma sold at Sotheby’s London last Tuesday

Sotheby’s £13.6 million, 20th Century Italian Art sale holds up within estimate last week [ArtDaily]
Jerry Saltz has a fairly grim prognosis for the art market [NYMag] while The Economist suggests more resilience, where “bulk-buying big names is gone, and the rare and the beautiful are back in vogue” [The Economist]
Sotheby’s, with $375 million of cash at last count, takes a $15 million loss on guarantees this month [Bloomberg]
Damien Hirst’s £50 million ‘For the Love of God,’ exhibiting in Amsterdam in November, will go on auction if not sold privately [The Art Newspaper] more Hirst: Toddington Manor, his 188 year old, soon to be exhibition space, shows its new side [Daily Mail]
An artist-in-residency for 30 studios planned for Governors Island [NYTimes]
23-year old Vito Schnabel plans to open 4,300 sf Chelsea gallery and is soon to show Terence Koh [ArtNet via ArtInfo}