World Art Prices on way down!

“Art is essentially the affirmation, the blessing, and the deification of existence,” once said the German philosopher Friedrich Nietsche. What he didn’t mention is that art is also a luxury, one that many people nowadays unfortunately can no longer afford.

The renowned Miami-based French art dealer Emmanuel Perrotin’s windows are now shut, with only the promise to reopen in December for Art Basel Miami Beach. Sotheby’s has fired workers. Christie’s modern, impressionist and contemporary art auction pieces sold at often 50% less than their estimated values. 2009’s Moscow World Fine Art Fair, a marker of Russia’s recent rise in status, has been canceled. Every you look, art sales are suffering.

Despite this rather bleak international outlook of art sales that glares at one at the first glance, there are a few bright spots. One such is the Bridge Art Fair which is planning to come to Berlin again this year. OTA-Berlin was the home of the Berlin ArtFair in 2008.

Author: CA

OTA-Berlin Constituency Blog, brought to you by OTA-Berlin Holiday Apartments

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One Response to “World Art Prices on way down!”

  1. klaas-jan says:

    very interesting – but the prices of some art is still rising…….the real crap like damien hirst and other english-type vomit-artists are going down……other wise agree with the senitment of this article/k-j k

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