Art World Friezing over???
Bloomberg reports that the London art market has fallen 80% in a year and that Sotheby’s and Christie’s sales alongside this year’s Frieze fair will collapse from £107 million to nearer £20 million. In the current climate people are not spending or looking for better value for money which means the Affordable Art Fair will probably de well..
http://www.affordableartfair.co.uk
Bloomberg report
http://www.bloomberg.com/apps/news?pid=20601088&sid=af38gWeq_1pQ
No surprises here really – saw it coming a mile off in fact, just like the wider financial mess. Art markets are a bad joke IMHO – just a money game that has very little to do with the art.