Sotheby’s (BID), the world’s largest publicly traded auctioneer said second-quarter earnings rose 48 percent for its best quarter ever, though the share price is, at the time of this writing, down over 40% since May 2011. It has been repeatedly pointed out that about...

Are we headed for the billion-dollar picture? It certainly appears that way with $104m+ paid for a Giacometti and Stevie Cohen’s $110m acquisition of a Jasper Johns Flag (worth more than the country it depicts) ahead of the sale of Jurassic Park author Michael...

At the most glamorous of the many fab parties leading up to the 2009 Basel Art Fair, the granddaddy of them all, a museum director related the story of a day trip to Venice to see the Biennial after which she went for a massage and was awoken by the sensation of...

A Banksy graffiti was recently sprayed with graffiti itself: the tagline was: Price-Less. And true it is as the graffiti genre has been swiftly and broadly hit by the onset of recession. Yet, even something priceless has a price less today than a year ago. We have...

There is a new meaning of art appreciation today that has nothing to do with rising investment value. Consider it a reversion to a quaint time in the recent past, say, pre-2004. The era of big, flashy, overproduced art is a thing of the past. Now I understand the...