Is collecting art the new gold?

(THOMAS SAMSON/AFP/GETTY IMAGES) – French auctioneer Francois de Ricqles sales a photography entitled \”Dovima with elephants, evening dress by Dior\”, Cirque d’Hiver Paris, August 1955 by US fashion photographer Richard Avedon at Christie’s. it recently sold for $1.1 million.

As the world economy began to tank about five years ago, a curious thing happened at the top level of the international art market: It started to boom. At the annual spring art auctions at Sotheby’s and Christie’s in New York and their branches around the globe, deep-pocketed bidders snapped up Braques and Bacons, Klimts and Kandinskys, often at record prices.

Source: http://www.washingtonpost.com/lifestyle/style/is-collecting-art-the-new-gold/2012/08/10/269109ee-b986-11e1-8867-ecf6cb7935ef_story.html

About these ads
This entry was published on August 12, 2012 at 12:04 am and is filed under Insights. Bookmark the permalink. Follow any comments here with the RSS feed for this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: