Art market may be less rosy than top sales suggest - 12-08-2011

There are enough "recession-proof", super-rich buyers to push soaring prices for the best works of art still higher, experts predict, but the picture is less rosy at the lower end of the market.

Reuters.com

Christie's bullish on art sales, report sees risks - 23-07-2011

A leading art analyst warned, however, that growing economic uncertainty, particularly surrounding the European debt crisis, could act as a brake on a market that is approaching record prices in several sectors.ArtTactic published a U.S. and European contemporary art market survey on Thursday which showed that, despite a rise in confidence of 8.3 percent in the first half of 2011 its barometer of risk had also risen 12.6 percent.

Reuters

India's art market wobbles - 19-06-2011

ArtTactic, a London-based analysis firm, says that auction houses responded to disappointing results in this year’s March auctions by lowering estimates “to try to re-ignite buyer interest”. However the market is now moving on a “negative trend as other global markets are on the rise”, and the London auctions came in 21% below estimates and 18% below the March results.

The Independent