Strapped Art Market Preps for Auctions

Expectations low as auction houses try variety of tactics

By Matt Cantor, Newser Staff

Posted May 1, 2009 10:21 AM CDT

(Newser) – After a 7-year boom, art auction houses are struggling as collectors hit hard by the recession close their wallets. Sotheby’s predicts it will pull in $179 million to $256 million at spring sales, compared to $742 million a year ago. As the spring events... Read full story »

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Strapped Art Market Preps for Auctions

Expectations low as auction houses try variety of tactics

art market • art • Andy Warhol • Sotheby's • Christie's • Damien Hirst • Francis Bacon • Mark Rothko • art auction • Jeff Koons • Pablo Picasso • financial crisis • Alberto Giacometti • Robert Gober • Tamara de Lempicka • Jean-Michel Basquiat • Tom Wesselman

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$72M Sale Shatters Warhol Record

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