Art Market Magazine


Might the crisis be over? In any case that was our feeling walking up and down the aisles of the Fiac in Paris in mid-October, when the ambiance of halcyon days reigned beneath the glass roof of the Grand Palais. Attendance and transactions were both up, as if the mad amendment to include works of art worth over €50,000 in the wealth tax base could not dampen buyers' enthusiasm. For example, Brussels'Vedovi gallery sold a Calder mobile for over €2.5m. We have the same feeling about the outcome of the auctions that took place in the fair's wake and benefited from its effect: €5.1m for a painting by Magritte, €1.6m for a Basquiat acrylic and nearly €1m for a small Egyptian statuette, a result inversely proportional to its size. Paris, the capital ofthe arts, still holds a prime position in the auction world. After modern and contemporary art, next month the City of Light celebrates ancient painting and photography at two international fairs that will host several specialised high quality auctions intended to draw savvy collectors. Ah, Paris will always be Paris!

Art Market Magazine Gazette International

November 2012 Edition

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Fine Art Auctions Calendar