London Art Market Feels a Chill

Lack of once-plentiful foreign cash hurts auctioneers

By Matt Cantor, Newser Staff

Posted Jun 26, 2009 11:31 AM CDT

(Newser) – London became the hottest art market in the world last year, eclipsing New York, but the recession is putting the squeeze on auction houses, the Wall Street Journal reports. Last year’s influx of foreign money has dried up, and sellers are keeping a firm... Read full story »

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London Art Market Feels a Chill

Lack of once-plentiful foreign cash hurts auctioneers

London • art • Sotheby's • Christie's • art auction

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Expectations low as auction houses try variety of tactics

Christie's Cuts Jobs as Art Sales Slump

250-year-old auction house downsizes to stay afloat

Auction Houses Counting on Russians

Buyers prop up industry staggering from economic crunch

Painting Price Spells Gloom for Economy

Portrait of Bacon auctions for only $9.4M at Christie's

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