Pick-up in prices indicates art market revival

Article Abstract:

London, Paris and New York art sales in Nov and Dec 1992 showed the first improvement since the market disintegrated in 1990. Modern paintings sold for over 5 million pounds sterling. Two Matisse paintings made 9.6 and 7.3 million pounds sterling and a Monet 8 million in New York. A new group of very rich people consider art a worthwhile purchase again, but sellers must take pre-1990 prices. The US is responsible for most buying. Germany has been the strongest buyer of German art throughout recession.

Marketing, Painting, Painting (Art)

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American collectors lead art market revival

Article Abstract:

Poor sales in the art market in 1992 revived after the American election. The Fine Art and Antiques Fair, Olympia, London, England in June was a failure and Sotheby's and Christie's turnover was half what it was in 1989. They have had to make redundancies and increase their charges. In New York in November two Matisse paintings sold for 9.6 million and 7.3 million pounds sterling and a Monet for 8 million. Strong competition for unusual items demonstrates fresh interest in art for art's sake.

Arts, Collections and collecting, Collectors and collecting, Collectors (Persons), 1992 AD

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Old furniture bucks trend of falling prices

Article Abstract:

Sotheby's 1992 art index shows a drop in art prices of 5.6% between Jul 1991 and Jul 1992, an overall reduction of 22.2 % in two years. Continental ceramics have risen in value by 38.6% and French furniture has increased by 29.5%. The English furniture market has expanded. Christie's New York furniture expert William Iselin finds people furnish houses despite the recession. The English 18th century style is fashionable in the US.

Prices and rates, Antiques, 17th century AD, Furniture, Modern, Modern furniture, Furniture, Georgian

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