2009: Contemporary Art Sales Declined 75 Percent
"Annual sales of contemporary art slumped 75 percent at the two largest auction houses' evening sales in 2009 after they abandoned price guarantees to sellers. Worldwide auction sales of contemporary art grew more than eightfold between 2003 and 2007, according to French database Artprice." Washington Post 12/20/09

Posted December 20, 2009 07:16 PM