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The second year of war does not bode well not only for the people of Ukraine, but also for the global economy and the art market. In the first part of the three-part half-year review, the focus is on the auction industry. Here, many observers are pinning their hopes on Asia.Young art buyers from Asia are becoming increasingly important for international auctioneers, Ursula Scheer writes ... read more
In his half-year review for the Handelsblatt, Christian Herchenröder does not only consider the very big auction houses: "This half-year, not only the turnover, but also changes in the corporate structure of long-established houses, first and foremost Hôtel Drouot in Paris, have shaped the market. Two Parisian investment firms, Groupe Chevrillon and Vesper Investissement, have bought a 30 per cent ... read more
Journalism is sometimes a tricky business: while others still had to wait for the press release so as not to burn their sources, the Financial Times and the New York Times already had official interviews on the news of the week that Frieze is taking over the Armory Show in New York and Expo Chicago. ... read more
This is the 500th edition of Kobel's Art Weekly. Therefore, a few thoughts may be permitted at this point. When Dr Stephan Zilkens and I embarked on the adventure of publishing a critically annotated press review of the art market reporting beyond the usual journalistic distribution channels in autumn 2013, neither of us could have imagined how successful the format would become. Obviously, we have ... read more
Record-breaking news are supposed to make up for a rather gloomy environment. Ursula Scheer reports for the FAZ the sensational acceptance of a bid for a work by Gustav Klimt at Sotheby's: "A bidder in the room had secured Gustav Klimt's last portrait, the 1917/18 portrait of a 'Lady with Fan', which a competitor had repeatedly tried to wrest from ... read more
Christoph Heim makes a series of demands in the Tagesanzeiger to Art Basel. Some of them sound somewhat out of touch with reality, others seem entirely justified and should give the Swiss food for thought: "A core issue of this 'going public' is ticket prices. In order to become more firmly rooted in Basel, Art ... read more