Sunday, May 3, 2009

nytimes: affordable art 4 sale?


May 3, 2009
Art
$80 Million? Try a Tenth of That. Art’s New Numbers.
By CAROL VOGEL

TWO Madoff victims and a hedge fund manager are among the sellers at this spring’s important auctions of Impressionist, modern and contemporary art.

You could say a faint whiff of desperation is in the air: the catalogs are a shadow of what they were six months ago, as are the values and — for the most part — quality of the paintings, drawings and sculptures on offer...

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