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Christie’s offers cover to collectors
Auction house Christie’s is to start selling insurance to its UK and European clients to cover possessions, from works of art to cars, yachts and jewellery
Frieze art fair: Mix of worldly and weird
Despite the talk of crisis in the air, dealers are reporting brisk trade and collectors are turning out in large numbers to take advantage of reduced prices, writes Peter Aspden
Antiques rise as investors seek shelter
Prices for traditional arts and antiques are continuing to outstrip those for contemporary work as investors look to shelter savings by buying safer assets
Art world fails to brighten economic mood
The financial crisis has hit the contemporary art world as once-glitzy galleries are having to tighten their belts and auctions are being scaled down
HK becomes Sotheby’s largest fine wine market
Hong Kong has become the world’s largest fine wine market for Sotheby’s so far this year after the auction house sold $7.9m worth of rare bottles at the weekend to deep-pocketed Asian collectors
Art prices likely to be hammered at NY auctions
Sotheby’s expects its contemporary art auction to generate less than a quarter of the sales it did a year ago as art auctions take a hit this year as a result of the global economic downturn
Merryn Somerset Webb: Enjoy art for art’s sake
The great contemporary art boom was just another bubble. There was never a shortage of supply and demand was more speculative than rational – as perhaps all art investment always is
Art prices fall 35% as collectors cash in
Art prices plunged during the first quarter of the year as cash-strapped collectors looked to unload works by postwar masters that had earlier boomed in price along with the stock market
Dubai’s art fair defies gloomiest forecasts
The emirate’s economy may still be in a bit of a funk because of the global slowdown, but its nascent art market appears to be holding up better than its tumbling property sector
Old Masters remain unscathed by the downturn
The weaker pound and the bias for ‘safe-haven’ investment art are fuelling demand for traditional masterpieces, says Susan Moore
