Friday, February 12, 2010

Art Making a Comeback


A newspaper article reported that recent auctions may indicate that art lovers are buying again. A record was set for the amount paid at an auction for art work. Some experts, however, are cautioning that this may not be the end of the global financial decline that has slowed the sales of art work in recent months.

A large auction house reported the sale of one of Giaocometti’s scupltures, “Walking Man I”, for more that $100 million dollars. Reported also was the sale of Gustav Klimt’s landscape “Church in Cassone” for 42.4 million. Art auction houses for the last year or more have been slow to generate estimated prices for many of their items.

Maybe art is making a comeback. Has the economic downturn ended for the art world? We will just have to wait and see.

If you are looking for some post-auction catalogs, check out Nella’s Books and Collectibles. You will also find a nice selection of art books, art catalogs and magazine back issues.

www.nellasbooksandcollectibles.ecrater.com

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