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The total capitalization of art works in its ranking went up 9% in 2012, while the number of new artists appearing in the ranking fell to 38 in 2012 from 8 'Untitled' by Jean-Michel Basquiat is on displ...1 in 2011, confirming the rather depressing trend that wealthy buyers are buying more expensive art from a smaller selection of established names.
FORBES: Skate's Depressing 2012 Art Investment Report
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The evening auction of Impressionist and Modern Art made history by realizing the highest total for any auction ever held in Europe.
FORBES: Monet's Moody Masterpiece
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Poly rocked the Chinese art world when it bought them for a total of four million dollars at auctions in Hong Kong in 2000.
NPR: Buying Back China's Lost Art Treasures
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SageCrest is still on the hook for much of its art loans--5% or so of its total assets.
FORBES: Beached