art Archives - Inflation Watch https://inflationwatch.drduru.com/tag/art/ Watching for inflation here, there and everywhere Fri, 13 Nov 2009 11:25:02 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://i0.wp.com/inflationwatch.drduru.com/wp-content/uploads/2025/07/cropped-new-hp-money-printing-plates.png-1.webp?fit=32%2C32&ssl=1 art Archives - Inflation Watch https://inflationwatch.drduru.com/tag/art/ 32 32 246324047 Inflation fears fuel demand for art https://inflationwatch.drduru.com/inflation-fears-fuel-demand-for-art/?utm_source=rss&utm_medium=rss&utm_campaign=inflation-fears-fuel-demand-for-art Fri, 13 Nov 2009 11:25:02 +0000 http://inflationwatch.wordpress.com/?p=521 The Wall Street Journal reports that “inflationary fears” and “expectations of higher bonuses in the financial markets” stoked demand for high-end art in major fall auctions: The mood among collectors grew increasingly upbeat as the two weeks of sales progressed. At Sotheby’s contemporary art sale Wednesday night, a Warhol silkscreen sold for $43.7 million, more […]

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]]> The Wall Street Journal reports that “inflationary fears” and “expectations of higher bonuses in the financial markets” stoked demand for high-end art in major fall auctions:

The mood among collectors grew increasingly upbeat as the two weeks of sales progressed. At Sotheby’s contemporary art sale Wednesday night, a Warhol silkscreen sold for $43.7 million, more than triple its high estimate. At a lively sale of modern and Impressionist art the week before at Sotheby’s, an Alberto Giacometti sculpture sold for $19.3 million, well over its $12 million high estimate.

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