Read more art market stories on Newserhttp://www.newser.com/taggrid/281/art-market.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 11:10:57 CSThttp://www.newser.com/story/73277/color-christies-blue-over-weak-modern-sale.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA New York art dealer at the Christie's auction last night decreed "the recession is ending," but apparently not soon enough to move 13 of 41 modern and impressionist art works on offer, leaving the auction house millions of dollars short of pre-sale estimates. Major works by Picasso and Mondrian...http://www.newser.com/story/73277/color-christies-blue-over-weak-modern-sale.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 04 Nov 2009 9:26:22 CSThttp://www.newser.com/story/63268/madoffs-money-man-sells-rothkos-for-310m.html?utm_source=syn&utm_medium=rss&utm_campaign=tagEzra Merkin, the financier who pumped billions of his clients' money into Bernie Madoff's Ponzi scheme, is selling more than 10 paintings by Mark Rothko and two sculptures by Alberto Giacometti for $310 million, reports the Wall Street Journal . Some of the proceeds may go to his defrauded investors, who...http://www.newser.com/story/63268/madoffs-money-man-sells-rothkos-for-310m.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 01 Jul 2009 7:53:22 CDThttp://www.newser.com/story/58953/modest-success-at-christies-cheers-art-world.html?utm_source=syn&utm_medium=rss&utm_campaign=tagChristie's contemporary auction in New York last night went better than expected, selling $93.7 million worth of postwar art—double the result of its rival Sotheby's the night before. The top lot was a 12-foot panorama by British painter David Hockney, which sold for $7.9 million, a record...http://www.newser.com/story/58953/modest-success-at-christies-cheers-art-world.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 14 May 2009 6:32:41 CDThttp://www.newser.com/story/58306/buyers-return-for-healthy-christies-sale.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe art market performed better last night at Christie's New York sale of Impressionist and modern art, pulling in $103 million after a lackluster showing by its rival Sotheby's on Tuesday. The top lot was a 1968 portrait by Picasso, which sold for $14.6 million. As the Wall Street...http://www.newser.com/story/58306/buyers-return-for-healthy-christies-sale.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 07 May 2009 7:33:00 CDThttp://www.newser.com/story/58201/sothebys-sale-busts-picasso-goes-unsold.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe art market failed to recover from its recent slump last night, as Sotheby's held a disappointing New York sale that saw works by Picasso and Giacometti go unsold. The small auction of 36 lots brought in just $61.3 million—well below the low estimate of $81.5 million....http://www.newser.com/story/58201/sothebys-sale-busts-picasso-goes-unsold.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 06 May 2009 6:45:42 CDThttp://www.newser.com/story/57775/strapped-art-market-preps-for-auctions.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAfter 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 approach, auctioneers are employing an array...http://www.newser.com/story/57775/strapped-art-market-preps-for-auctions.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 01 May 2009 10:21:01 CDThttp://www.newser.com/story/55539/art-prices-tumble-35.html?utm_source=syn&utm_medium=rss&utm_campaign=tagArt prices went into freefall in the first quarter, as cash-strapped collectors unloaded their masterpieces, the Financial Times reports. Prices dropped 35%, after falling just 4.8% for all of 2008. Postwar and contemporary artists, favorites of the Wall Street elite, have been hit especially hard, with even the best...http://www.newser.com/story/55539/art-prices-tumble-35.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 07 Apr 2009 10:22:31 CDThttp://www.newser.com/story/52281/auction-winner-wont-pay-for-chinese-relics.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAmong the most closely watched lots at last week's Paris auction of Yves Saint Laurent's art collection were two imperial Chinese bronzes that each sold for $18 million. Beijing spent months insisting that the sculptures were looted in the 19th century and should be returned to China, but failed to...http://www.newser.com/story/52281/auction-winner-wont-pay-for-chinese-relics.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 03 Mar 2009 9:32:02 CSThttp://www.newser.com/story/51634/cash-poor-collectors-turn-to-haute-pawnshops.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWith loans hard to come by, some rich Americans are turning to their art collections for quick cash. Rather than sell in a depressed market, collectors turn to a lightly regulated corner of the marketplace that provides capital in exchange for temporary ownership of artwork. While they may look like...http://www.newser.com/story/51634/cash-poor-collectors-turn-to-haute-pawnshops.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 24 Feb 2009 8:12:00 CST