Thursday, April 27, 2006

Art Market Note

In the New York Times today, Carol Vogel writes about the starry Manhattan art auctions coming up in May. These sales have been widely noted because the offerings include a cache of Donald Judd works from the Judd Foundation, an iconic Van Gogh, an early hand-painted Warhol soup can, and other significant works.

Vogel’s article includes two quotes that made me laugh (darkly) because they nail the market mindset these days. A representative from Christie’s described the current art market as “majestic.” Perhaps the next level will be…Titanic.? A representative of Phillips said, “People are inspired by the recent high prices.” Show of hands—do you feel inspired?

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