Dodging Art | Clipmarks


	Dodging Art

Tom Van Riper

5-15-2008 6:04 PM

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Tom Van Riper says:

Are the wealthy completely immune from the slowing economy? Perhaps not - given how slowly some expensive art is moving at Christie's and Sotheby's.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/3d53aa00-9ed3-4c86-84e1-d3f35a42d899/2FDDF53B-3F54-46FE-986D-855D931CA68E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.boston.com/business/articles/2008/05/15/art_market_faces_jittery_times_despite_monets/" href="http://www.boston.com/business/articles/2008/05/15/art_market_faces_jittery_times_despite_monets/" style="font-size: 11px;">www.boston.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/articles/2008/05/15/art_market_faces_jittery_times_despite_monets/">It took only about 120 seconds last week for a Monet to exchange hands for a small fortune.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/articles/2008/05/15/art_market_faces_jittery_times_despite_monets/">Two minutes later, interest slowed. A deep-pocketed bidder on the phone to the right of Burge had apparently outlasted all others. The room grew quiet.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/articles/2008/05/15/art_market_faces_jittery_times_despite_monets/">But could there be cracks in that bridge? Only 44 of the lots sold and Christie's fell short of its low $286 million pre-sale estimate total. Plus, two other works by Monet as well as works by Picasso, van Gogh, Gauguin, Renoir and Matisse failed to reach minimum bids.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2FDDF53B-3F54-46FE-986D-855D931CA68E/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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