Annual Auction Offered Impressive Works But Weak Economy Still Hampering Sales
In the United States, the correlation in market strength between Western and wildlife art has been unmistakable. In fact, many regard them as being one and the same. Since the near meltdown of the global financial markets in autumn 2008, however, the once-bullish demand for fine collectible art in these genres has been in a free fall, registering in gavel figures at auction, revenues at prominent galleries, and hitting contemporary artists hard in fewer sales.
Is there any evidence that recovery is at hand? The annual Coeur d’Alene Art Auction is regarded by many as a helpful barometer. Held
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Written by Todd Wilkinson
Posted: August 23rd 2010
Categorized As: News