Read more contemporary art stories on Newserhttp://www.newser.com/taggrid/282/contemporary-art.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 8:02:00 CSThttp://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/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/45788/troubled-la-museum-wins-30m-bailout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagLA's troubled Museum of Contemporary Art is moving toward a bailout deal with Eli Broad, reports the Los Angeles Times . The billionaire real estate investor and art collector offered MoCA a $30 million donation contingent on improved performance, which board members favored over a merger with the Los Angeles County...http://www.newser.com/story/45788/troubled-la-museum-wins-30m-bailout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 19 Dec 2008 7:27:28 CSThttp://www.newser.com/story/43898/auction-houses-counting-on-russians.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWith dwindling sales and empty showrooms, art auction houses are increasingly relying on what they have dubbed RR: rich Russians. Houses are hoping the record price drawn by a Kasimir Malevich painting earlier this month is proof that the Russian market will escape the downturn that's affecting other sectors. Of...http://www.newser.com/story/43898/auction-houses-counting-on-russians.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 30 Nov 2008 13:28:00 CSThttp://www.newser.com/story/42886/huge-lewitt-exhibition-is-beautiful-lunacy.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSol LeWitt died last year, but his artwork is still being created—executed by handlers according to written instructions. This weekend marked the opening of a massive exhibition of LeWitt’s wall drawings at the Massachusetts Museum of Contemporary Art, an exhibition Sebastian Smee, in the Boston Globe , calls “as wonderful...http://www.newser.com/story/42886/huge-lewitt-exhibition-is-beautiful-lunacy.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 17 Nov 2008 12:16:01 CSThttp://www.newser.com/story/42585/major-works-fail-to-sell-at-christies.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe art world bust continued last night at the Christie's contemporary auction in New York, where almost a third of the 75 works on the block went unsold. Not a single collector bid for the highlight of the sale, a self-portrait by Francis Bacon estimated to sell for around $40...http://www.newser.com/story/42585/major-works-fail-to-sell-at-christies.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 13 Nov 2008 9:16:25 CSThttp://www.newser.com/story/42441/contemporary-art-goes-bust-at-dismal-auction.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCollectors from Steve Martin to Valentino packed the Sotheby's saleroom in New York last night, but its contemporary art auction barely pulled in $125 million—far below the low estimate of $202 million. For those who could afford it, works were going at bargain-basement prices. "It was a half-price sale,...http://www.newser.com/story/42441/contemporary-art-goes-bust-at-dismal-auction.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 12 Nov 2008 7:58:53 CSThttp://www.newser.com/story/36718/hirst-heads-to-120m-payday.html?utm_source=syn&utm_medium=rss&utm_campaign=tagDamien Hirst is preparing for the biggest sale of his life—and for one of the richest artists alive, that’s saying something. Sotheby’s is about to auction 223 pieces straight out of his studio, for an anticipated take of $120 million. It marks an unprecedented end run around galleries and...http://www.newser.com/story/36718/hirst-heads-to-120m-payday.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 05 Sep 2008 13:58:01 CDThttp://www.newser.com/story/23139/not-a-great-time-to-be-an-artist.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe exploding art market may be about to deflate: New York’s flurry of contemporary art fairs last week had surprisingly good sales in light of the economic times, reports Portfolio , but the president of one of the nation’s most active lenders against art predicts a sharp downturn from last year’s...http://www.newser.com/story/23139/not-a-great-time-to-be-an-artist.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 03 Apr 2008 17:50:30 CDT