London Art Fair

For Modern British and contemporary art13-17 January 2010Just one day left for buyers and browsers to visit the London Art Fair. So far this year, the fair brought in 8,000 visitors and counting. For those with cash to burn, the Contemporary Art Society is on hand to offer advice on collecting for new buyers. … [Read more...]

Auction houses lean on third-party guarantors

Top auction houses Christie's and Sotheby's have been relying on third-party guarantors in lieu of the usual straight guarantees that existed in the days before the economic downturn of 2008. "During the 2005-2008 boom years, Sotheby’s and Christie’s each laid out hundreds of millions in straight guarantees, mostly for modern and contemporary or impressionist art, with an estimated $700m in … [Read more...]