Bets Are In For 2011's Art Sales: Pop, Calder, Contemporary Chinese Art

wsj.com:

The auction market gained momentum throughout 2010, as art buyers began shrugging off their recession fears and wealthy newcomers from Asia joined the global competition for status-symbol art.

Collectors' renewed confidence helped Sotheby's auction off $4.3 billion in art last year, up 87% from $2.3 billion in 2009. Rival Christie's said it auctioned and privately sold $5 billion in art last year, up 51.5% from $3.3 billion the year before.

Read the whole story: wsj.com

Comments

[PICASS0]

11:46 AM on 01/11/2011

I have a feeling that I'm going to have a very good year.

[R Z]

11:59 PM on 01/10/2011

Art as a capital market! YES! just what we need to provoke discussion, challenge assumptions, and engage our emotions.... no, no, i guess Art should be like gold, or silver, just another commodity to exchange on the free market. no redeeming social value needed!

[R Z]

12:01 AM on 01/11/2011

i should mention that i really love both Basquiat and Zhang Daqian....shame they will end up in private "collector's" hands and exchanged until their value drops or skyrockets.