1. Setting aside the issue of how to rake in a hefty revenue in the art market, Richard Polsky suggests that art collectors concern themselves more with how to keep their losses at bay with nine steps to follow.
2. The National Endowment for the Arts seems to be back in the swing of things with the change in political footing and the public’s growing cultural acceptance. Seemingly approaching its imminent death with severe budget cuts to the agency, the N.E.A. is now looking hopeful with the help of an increased budget and new chairman-designate, Rocco Landesman.
3. Seoul Auction Co. responds to high demands by Asian collectors for western contemporary artists. While the price of contemporary artwork continues to drop due to the economy, Hong Kong and China are more than ready to buy.
4. Christie’s International is no exception in the global market, experiencing a 35% decline in its first-half sales.
5. Christie's Prints and Multiples sale this week did well - making just over $1 million with a 95% sell-through rate thanks to low-estimates that enticed bidders.
