Torrid inflow of money from Russia and Middle East slows to trickle; remaining buyers get conservative.
Read the full article at The Wall Street Journal online.
The Wall Street Journal examines the condition of contemporary art. Who pays for restoration or replacement when artwork deteriorates - the artist, the gallery, or the buyer?
Bloomberg weighs in on the state of the art market. The current art market may be at a plateau, yet the market remains bullish, according to the ArtTactic Market Confidence Indicator.
http://bloomberg.com/apps/news?pid=20601093&sid=aM52QY13kM6c&refer=home
Siobhan Morrissey discusses museum art sales in the ABA Journal. Morrissey explores the legal difficulties facing college museums and galleries when they seek to sell their art to pay debts or fund non-art projects.
Lisa Austin advises clients at Art Basel in The Miami Herald. Austin helps collectors navigate the amorphous and often mystifying art world to purchase items of enduring value from galleries, auctions and art fairs such as the prestigious Art Basel in Miami Beach.