AO Newslink

October 9th, 2012

Kandinsky Study for Improvisation 8 via The WSJ presale est $20mmThe Wall Street Journal provides a comprehensive outlook on the state of the art market, from Old Masters to Contemporary as dealers head into Frieze and auction week in London. There is a certain polarization with multi-million dollar pieces in high demand and emerging work less so. The article discusses how the most speculative sector of the art market is work from 1945-onward, which saw a 66% drop during the recession but has rebounded, especially in the case of artists like Gerhard Richter.

Read the article via The Wall Street Journal