Wednesday, October 28, 2009

«I LIKE MONEY ON THE WALL»

At the FIAC, New York's Skarstedt Gallery sold a Cindy Shermann photo for over a million euros (1.4 million dollars), and Paris-New York's Yvon Lambert sold a Jenny Holzer for over 300,000 euros (442,000 dollars)."It's much better than last year, the market is healthier," Lambert told AFP.The crisis was affecting collectors, said private French buyers Marc and Josee Gensollen. "We have to make sacrifices, but some of us choose not to sacrifice art." "However, negotiating the price has become easier," he said.In the mid-2000s, contemporary art -- works by artists born after 1945 -- saw a boom that sent prices soaring 85 percent from 2002 to 2008, with 620 percent more works sold at over a million euros in the same period, according to artprice.com.

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