Friday, December 4, 2009
Art Is the Art Market Out of the Recession?
Posted by Benjamin Sutton on Fri, Dec 4, 2009 at 10:27 AM
It all sounds very 2007, with big-name gallerists and collectors flocking to the shows of young artists and snapping up good-looking investments in bulk before the general public even gets a glimpse. It's nice to hear that some really exciting and relatively new New York galleries are doing well (Lisa Cooley, Nicelle Beauchene, Rental and Eleven Rivington, for instance, all reported strong sales), but it'll be interesting to see when the dust settles on Sunday how the non-industry attendees spent their time and money, and how bigger galleries and artists fared. Is this really a return to boom times, or just a handful of savvy buyers looking for sure bets?
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