Tuesday, June 10, 2008

Art Basel

Art sales: big spenders dispel gloom. By Colin Gleadell. Telegraph.co.uk. 06.10.08.
excerpted text:

"The issue this year was whether the dealers would shrug off the effects of the impending recession as successfully as the auction rooms appear to have done, and the early signs were that, in spite of the weakness of the dollar, the Art Basel magic was still at work."

"The Gagosian Gallery made 10 sales on day one, including a painting by Richard Prince for $2 million. Victoria Miro sold six paintings and sculptures by the eccentric Japanese artist Yayoi Kusama for between $250,000 and $500,000 each, as well as Crash, Boom, Bang, a six-figure sculpture satirising the state of the art market by Elmgreen and Dragsett, in which several boxes containing lookalike works by Jeff Koons and Damien Hirst had been precariously stacked."

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