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While we are on the subject of lists and the things accomplished, here is what art world has to say:
“Sotheby’s, the world’s second-largest auction house, sold about 46 percent more art this year…Sotheby’s art auctions in 2007 totaled $5.33 billion, up from $3.66 billion a year earlier…Contemporary art sales in New York in November more than doubled to $418.3 million, the Web site said.”
“JPMorgan Chase. Co. started following Sotheby’s shares this month with a “neutral” rating, saying the company is “operating at near peak sales” after a surge in art values and sales in the past four years.”
“Christie’s said earlier this month that its consignments for February 2008, when the auction houses hold their next big impressionist and contemporary sales in London, were so far running 10 percent to 15 percent higher than last year’s. In February 2007, the combined auction totals in London for those sales at Christie’s and Sotheby’s rose 49 percent.”
Contemporary art pieces, due to the money influx from Asian and Russian investors, are really shot up in value. Damien Hirst and Jeff Koons have enjoyed the rise in popularity. Russian art showed a huge increase in the appreciation.
“The year’s big loser was Vincent van Gogh’s “The Fields (Wheat Fields),” valued by Sotheby’s at $28 million to $35 million. It received no bids at a Nov. 7 impressionist auction and didn’t sell.”
If you read stories in my “About Art” category, then you know about many pieces of art, which were found in a trash pile or some other, equally inadequate place. Combining the knowledge, please, enjoy the art works you have and keep your eyes open for the ones you’ll find.
(Source: www.bloomberg.com)
