Clearly, it would be pretty stupid to confuse the artistic importance of an individual with their importance in the art market.
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Price transparency in the art market was still years away, so buyers in New York remained ignorant of prices fetched recently in London or Paris.
Despite fireworks in the art market, art contains no intrinsic value, just canvas on a stretcher or at best bronze or corten steel sculpture with some scrap value.
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Something kind of amazing is happening in the art market.
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The inefficiencies in the art market mean that knowledgeable investors can get the sort of performance that they could hardly hope for in the relentlessly analysed equities market.
Bill Gates, who doesn't spend much quality time in the art market, did buy a beautiful Winslow Homer for a record price, but this wasn't Alan Bond flexing his flabby muscles.
ARTnews said in its article that the global art market in general is recovering from the global financial recession.
In the interest of collectors and in response to the high quotes on the art market, in particular Western market, of religious objects (paintings, sculptures, architectural elements, silver and various objects of piety), UNESCO organized a training session for legal and operational matters on the specific theme of the protection of religious heritage, which has been the target of a significant looting in recent years.
Mr. Black is one of a handful of billionaires whose lavish art spending has transformed the international art market in recent years, fueling the proliferation of art fairs and ratcheting up prices for all sorts of artworks.
In the highly fragmented art market, bringing art and art buyers together wherever they are in the world is no bad thing either.
In the past five years, the Chinese art market ranked as the fastest-growing in the world, as well as the most important emerging market in terms of the size of its domestic sales, according to a report by TEFAF Maastricht.
In some cases he regarded fakery as a means of helping people in need, while also bringing chaos to the art market when the forgeries were cashed in at auction.
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This is the second time in a decade that the Chinese art market has slowed after a spurt of growth, Hu noted.
At a recent lecture at the LSE in London, market editor of The Art Newspaper Melanie Gerlis illustrated this new art world order with a description of the recent auction of a painting by Dutch artist Lawrence Alma Tadema, a long-forgotten Victorian favourite.
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Yet resilience in U.S. and U.K. markets, along with the potential inherent in a Chinese turnaround, suggest the art market presents an opportunity.
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As the contemporary-art market roared upwards in the 1980s, serious-minded connoisseur collectors were joined by multi-millionaires with huge amounts of disposable income.
Others see a shift happening, thanks in part to the booming art market.
And this one is important because of the reasons I just mentioned -- the bottleneck that exists, the glut of oil that exists, and we need to get that oil to the state-of-the-art refineries in the Gulf and get it to market.
Was this toppiness in art transferable to the stock market, prime real estate, even gold and oil?
In sales of contemporary art the Chinese market may be yet a babe, but it looks like a prodigy.
The art market in Florence at that time was not as big as in Antwerp and Bruges, and there were only a third as many painters as in Bruges.
The Director-General is also seeking to mobilize the support of the whole international community and of art market and museum professionals in enforcing the ban.
Flipping art for a quick profit is nothing new, but it's rare in the staid market of 19th century European academic art.
Besides galleries in the U.S., those in Switzerland, the only non-EU European country with a vibrant art market, also stand to benefit, says Anthony Browne, head of the British Art Market Federation, a coalition of dealers and auction houses.
The toy may seem old-fashioned in an age of tablet computers, but the Ohio Art Company says it still has a steady market, thanks in no small part to its appearance in the Toy Story movies.
Gold, for example, joined the global art market, declining more than 5% in the first three months of 2013.
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Imitation is a common source of trouble and loss in the market for contemporary Chinese art.
The year 2010, in which China overtook Europe to become the second-largest art market after the United States, has been described as an annus mirabilis for Chinese art collecting as wealthy Chinese from all levels of the new society chose art and objects as tangible assets, suitable for investment, trading and bragging rights beyond simple display.
China's art market has boomed in recent years as the country's newly affluent look to collect their own art and heritage.
In wistful moments, Wilner laments that the market for collecting period frames purely as art objects in and of themselves has never built up the head of steam he predicted.
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