Post by artladval on Dec 22, 2009 11:29:56 GMT -8
www.bloomberg.com/apps/news?pid=20601088&sid=apuCDt8pHPK8
"Collectors responded to the financial crisis by selecting the best 20th-century classics, Old Masters, wine and jewelry at international auctions. They shunned investment in some contemporary art as prices dropped by half and sales fell 75 percent. Private transactions increased as sellers at public auctions were no longer guaranteed minimum prices in 2009. "
"Collectors responded to the financial crisis by selecting the best 20th-century classics, Old Masters, wine and jewelry at international auctions. They shunned investment in some contemporary art as prices dropped by half and sales fell 75 percent. Private transactions increased as sellers at public auctions were no longer guaranteed minimum prices in 2009. "